Insurance
Italy’s Generali could be interested in AIA ‘pieces’: report
Italian insurer Generali could be interested in "pieces" of AIG's Asian unit AIA after British insurer Prudential abandoned its ambitious takeover plan, daily Corriere...
Prudential chairman says no heads will roll over AIA
Prudential chairman Harvey McGrath said in an interview on Friday that no heads would roll at the British insurer after it abandoned an ambitious...
Credit insurers could challenge ratings agencies
Credit insurers have what it takes to be fully-fledged financial ratings agencies and compete with existing ones, French central bank governor Christian Noyer said...
Prudential pulls out of bid for Asian insurer AIA
British insurer Prudential said Wednesday it was withdrawing from a bid to buy AIA, the Asian arm of AIG, after the US group refused...
Tropical storm Agatha kills more than 100 in Central America
A violent storm that walloped Central America over the weekend killed more than 100 people and left a swath of destruction, officials said Monday.
Tropical...
Horse insurance : new product launched by Cornish Mutual
A new insurance product for horse owners in the South West has been launched by regional firm Cornish Mutual for the first time.
The company,...
Unemployment insurance: Italy’s official rate rises to 8.9 percent
Italy's unemployment rate in April rose to 8.9 percent from 8.8 percent in March, reaching the highest level since the fourth quarter of 2001,...
AIG refuses to change conditions of AIA sale to Prudential
US insurer AIG said Tuesday it had refused to modify the conditions for the sale of its AIA Asian unit to British rival Prudential,...
Tropical Storm Risk warns of active 2010 hurricane season
Tropical Storm Risk (TSR), which provides real-time mapping and prediction of tropical cyclone windfields worldwide and is co-sponsored by Aon Benfield, today releases its...
All of the UK’s major credit card providers treat any form of gambling activity on a credit card as a cash withdrawal
moneysupermarket.com, Britain's number one comparison site, has conducted analysis into the wide range of transactions treated as a cash withdrawal by credit card providers.
The...
Nearly 1.5 million homeowners are putting their homes at risk with inadequate cover
Nearly 1.5 million homeowners are putting their homes at risk with inadequate cover according to a new survey by Britain's number one comparison site,...
Europe moves to levy bank failure tax
Banks will never again be allowed to call on taxpayers to clean up their mess under plans for a new Europe-wide crisis insurance levy...
US recovery on track despite European debt concerns
Better-than-expected economic indicators are pointing to an on-track US recovery, even as European debt concerns cast a shadow over the world's largest economy.
Strong housing,...
FDIC approves Washington Mutual settlement
The Federal Deposit Insurance Corporation (FDIC) has approved a global settlement of the bankruptcy case involving Washington Mutual Inc, one of the largest US...
Prudential chairman defends AIA mega-deal
Prudential chairman Harvey McGrath Tuesday defended a planned takeover of Asian insurer AIA as the British company's shares started trading in Hong Kong and...
Austria extends ban on naked short-selling
The Austrian financial market watchdog, the FMA, said Tuesday it had decided to extend a current temporary ban on so-called naked short-selling by a...
Belgium’s KBC sells unit to India’s Hinduja group
Belgian lender KBC said Friday it has sold its Luxembourg private bank unit to India's Hinduja group for 1.35 billion euros (1.7 billion dollars)...
Aon Benfield announces academic and industry research collaboration
Aon Benfield, the world’s premier reinsurance intermediary and capital advisor, is broadening its capabilities and bringing together its academic and industry research relationships under...
Austrian inflation stable at 2.0 percent in April, insurance costs also up
Austrian inflation remained stable in April at 2.0 percent, on the back of continued high fuel prices, official data showed on Tuesday.
The Austrian consumer...
Unemployment insurance: For 534 jobs, Naples gets 112,572 applications
The southern city of Naples received 112,572 applications for 534 public administration jobs such as traffic police officer and public accountant, Italian media reported...
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