Insurance news
Resolution Will Buy Friends Provident for $3 Billion
Friends Provident, a British insurance company, has accepted a revised bid from a buyout firm, Resolution, worth £1.86 billion ($3.1 billion) after rejecting two...
The Global Economy: A weak recovery ahead ?
Zurich Financial Services Group’s latest issue of the Economic Outlook highlights the following topics :
Leading indicators for major economies seem to have passed...
MassMutual sues insurers over Madoff
Tremont Group Holdings Inc. and other feeder funds to Bernard Madoff’s defunct investment advisory business have sued insurers, including a CNA Financial Corp. unit,...
Future of travel still uncertain…
Despite the publication of figures showing that the number of bookings for summer holidays has increased by 32 per cent in the last month,...
Motorcycle sales falter in July
Britons looking to take out motorcycle insurance after purchasing a new bike might be interested to learn that the sales of powered two-wheeled vehicles...
Salaam Halal insurance launches on moneysupermarket.com
Salaam Halal insurance is the UK’s first dedicated Islamic insurance provider set up to provide Islamic insurance based on the Shariah* principle of Takaful**....
Taiwan insurers report preliminary losses from typhoon morakot
According to the insurer's statement filed with the Taiwan Stock Exchange, the damages caused by the typhoon have "not led to a material impact...
Risk adviser AON to ultra wealthy opens Geneva office
Aon Private Risk Management (APRM), the insurance broker and risk adviser for the ultra high net worth sector, has opened an office in Geneva.
APRM...
RSA appoints Christian Torkington as UK chief operating officer
Christian Torkington has been named as UK chief operating officer of RSA.
Torkington was director of operations at Scottish Widows and before this, he worked...
Warning ! Rise of uninsured driver on the roads
The number of motorists getting behind the wheel uninsured has risen by a third (33 per cent) compared to 2008, according to research from...
Fortis joins Home and Legacy household panel
Insurance specialist, Home & Legacy, announced that Fortis Insurance Limited has joined the Company's unique household insurance panel.
As of August 10, Fortis will compete...
Mike Slack to leave BIBA board
The British Insurance Brokers’ Association (BIBA) has announced that Mike Slack has decided to retire and step down from the BIBA board. Mike stepped...
RBS Insurance half year results declines
Royal Bank of Scotland Insurance has announced a £83m decline in operating profit to £217m for the first half of 2009
For RBS Insurance, insurance...
Groupama Insurances confirms Heads of Motor, Household, PA & Travel
Groupama Insurances has confirmed three senior appointments to head its Motor, Household and PA & Travel business. Reporting to Personal Lines Director Kevin Kiernan,...
Paris Re net income drop 20% for the second quarter of 2009
PARIS RE Holdings Limited announced a net operating income1 of US $59.4 million, or US $0.72 per share, for the second quarter ended June...
AXA UK appoints media buying agency Havas Media UK
AXA UK has appointed Havas Media UK to manage its media buying for all its brands in the UK including Sun Life Direct and...
Groupama introduces a new Eco-friendly Appliance Replacement Plan
To promote energy savings in the home, Groupama is introducing an innovative new “Eco-friendly” Appliance Replacement Plan. All non-reparable faulty appliances will be systematically...
Catlin group has announced 60 % increase in profit
Catlin Group Limited, the international specialty property/casualty insurer and reinsurer, announces its financial results for the six months ended 30 June 2009 : 60%...
Zurich successfully completes its cash tender offer for preferred securities
Zurich Financial Services Group (Zurich) announced today that its cash tender offer for certain outstanding securities (subordinated debt) expired at 5 p.m., New York...
AIG reports profits for second quarter 2009
AIG today reported its first quarterly profit since the third quarter of 2007, as certain of its businesses stabilized and the company’s results reflected...
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