financial crisis
British government in £40 billion bailout to troubled banks
Britain's government will pour up to another 40 billion pounds into bailed out lenders Royal Bank of Scotland, Lloyds Banking Group and Northern Rock...
Solvency II: the principal challenge for Europe’s insurers
On an economic basis, many insurers experienced a drastic slump in their equity capital in 2008. The first signs of a recovery were only...
U.S. homeowners insurers face further setback
Aon Benfield, the world’s reinsurance intermediary and capital advisor, today releases its 2009 analysis of the US Homeowners insurance market, which reveals that the...
Trade credit insurance claims decrease for first time in four quarters
According to the latest ABI figures, trade credit insurance claims have fallen for the first time in four quarters. In Quarter 2, 2009 :
...
Why European transportation firms are making risk management a priority
The economic downturn has prompted nearly three-quarters (73%) of Europe’s leading transportation firms to review their approach to risk management, according to new research...
Recession is driving key changes in business behaviour
Lack of cash is causing small businesses to cut corners acording to a research led by RSA Group.
With many small businesses struggling to secure...
Increase in failing businesses puts directors and officers in the firing line, warns Aviva
As more businesses face liquidation, directors and officers are at greater risk of being sued, says Aviva.
The Insolvency Service statistics released for the first...
Aviva helps brokers weather the recession
The credit crunch has resulted in an increase in the number of customers lapsing or reducing their insurance cover, according to brokers responding to...
P&I clubs must overcome investment addiction
Aon is suggesting that P&I clubs only need to increase premiums by 0-7.5% despite the surge in high value claims in 2006 and 2007...
Salary-cut insurance set to be launched
As layoffs and downsizing dominate the news and the world grapples with its greatest economic challenges, Bill Graham`s Salisbury Underwriting Services Inc. announced today...
France and Germany out of recession
Germany and France enjoyed a shock return to economic growth in the second quarter of the year, data showed on Thursday, ending their recessions...
Lehman sues AIG for $9 million in CDS payments
Lehman Brothers Holdings Inc is suing American International Group for $9 million in payments the bank says it is owed from credit default swap...
Interview with Dr. Gerd-Uwe Baden, member of Euler Hermes Group Management Board
"The financial crisis is hitting companies with great ferocity". Interview with Dr. Gerd-Uwe Baden, CEO of Euler Hermes Kreditverischerungs AG (Germany), member of Euler...
ABI: Response to Financial Crisis Advisory Group report
Responding to the Financial Crisis Advisory Group (FCAG) proposals on the impact on accounting of the financial crisis, Stephen Haddrill, the ABI’s Director General,...
Pension complaints up 10%
Britons are becoming increasingly disgruntled over their pension plans, with the number of complaints received by The Pensions Advisory Service (TPAS) increasing by 10%...
Zurich reports solid first quarter operating performance
Despite the impact of highly adverse economic circumstances as well as the continued deterioration of financial markets during the first quarter, Zurich Financial Services...
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