insurance company
Court: Insurance rates can reflect credit scores
Insurance companies can use a person's credit report to determine rates, the Michigan Supreme Court said Thursday in declaring that state regulators exceeded their...
Judge declares Spain’s Marsans insolvent
Viajes Marsans, one of Spain's biggest and oldest tour operators, has been declared insolvent, according to a court ruling seen by AFP on Monday.
The...
Aon Benfield recommends internal models to boost reinsurance value under Solvency II
Aon Benfield, the world’s premier reinsurance intermediary and capital advisor, today launches a new report that examines the many different facets of the Solvency...
British bank Lloyds says it is cutting 650 jobs
Britain's state-controlled Lloyds Banking Group said Wednesday it was cutting another 650 jobs as the company continues to streamline its operations.
"Significant progress has been...
Aegon welcomes speedy review of automatic enrolment
Aegon welcomes today’s announcement by the Department of Work and Pensions of a ‘thorough and speedy review’ of automatic enrolment into workplace pensions. Aegon...
Resolution buys AXA businesses in UK for 2.75 bln pounds
British investment group Resolution said Thursday it has agreed to buy French insurer AXA's British life insurance and savings units for 2.75 billion pounds...
Health insurance: Obama vows no backtracking on health care, unveils new rules
US President Barack Obama unveiled new measures Tuesday implementing the landmark health care bill that became law this year, telling opponents of...
AIG, China Strategic Holdings extend deadline for unit deal
US insurance giant American International Group (AIG) and a Hong Kong consortium said Monday they had agreed to extend the deadline for a deal...
Evolution joins forces with Risk Management expert Cardinus
Evolution Underwriting Group has launched an initiative to provide its Brokers and Policyholders with exclusive deals on an online range of Products from Cardinus...
Swiss insurer Zurich takes foothold in Indonesia
Swiss insurer Zurich Financial Services said on Monday it had gained a foothold in Indonesia's fast growing life insurance market with an agreement to...
Dutch bank and insurance group ING returns to profit, cautions vigilance
Dutch bank and insurance group ING reported Wednesday a return to profit in the first quarter but counselled vigilance amid what it said were...
ARAG wins two awards in national competition
Bristol-based legal insurance specialist ARAG won two awards last week at the prestigious Claims Technology Awards held in Manchester.
ARAG’s combined After-the-Event (ATE) Claims &...
Obama highlights benefits of health reform
US President Barack Obama highlighted the benefits of the newly-adopted health care reform on Saturday, saying it had already made insurance companies more accountable.
"Aside...
Lawyers on the prowl after US oil spill
Armies of lawyers are turning their sights to the massive oil slick spreading across the Gulf of Mexico, eagerly seeking damages from the companies...
Swiss Re insurance profits dampened by disaster damage
Swiss Re, one of the world's biggest reinsurers, on Thursday reported a surge in first quarter profit although its results were dampened by losses...
China backs insurer Ping An’s acquisition plan
Chinese regulators have approved a plan by Shenzhen-based powerhouse Ping An Insurance to buy a stake in Shenzhen Development Bank from US private equity...
New head of commercial for Sterling Insurance
Sterling Insurance Company announced on Monday Kevin Donoghue appointment to a newly created position, Head of Commercial Underwriting.
Kevin will be responsible for developing and...
Philippine tourism sector hit by European air ban
A European Commission ruling that Philippine airlines are unsafe has dealt a major blow to the tourism sector, the Southeast Asian nation's tourism minister...
Taiwan minister sorry for linking singles to mental illness
Taiwan's health minister apologised Thursday after he came under fire for suggesting single people should pay more health insurance because they have a higher...
Chile quake, tsunami damage put at nearly 30 billion dollars
The massive earthquake that struck central Chile last month, triggering a local tsunami, caused nearly 30 billion dollars in damage, the finance ministry said...
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