Insurance
Dual launches new broker PI facility
Specialist professional indemnity underwriting agency, DUAL Corporate Risks has secured new capacity for underwriting broker’s professional indemnity cover.
The £5m liability capacity, provided by AmTrust...
Europe to push for tougher G20 market regulation
Greek Prime Minister George Papandreou said several European leaders will press for a ban on certain arcane financial tools tied to the 2008 global...
India plans 11 billion dollar infrastructure fund, 4.4 from insurance
India aims to create an 11-billion-dollar fund to overhaul its creaking infrastructure, with 40 percent of the money sourced from abroad, a report said...
Prudential launches record cash call to buy Asian insurer
British insurance giant Prudential said Monday it will raise 14.5 billion pounds (17 billion euros, 21 billion dollars) from the sale of new shares...
New US weekly jobless claims fall fourth week in row
New claims for US unemployment insurance benefits fell for the fourth straight week, the longest stretch since the economy entered recession more than two...
Insurance giant Dai-ichi Life annual profits more than double
Japan's second-biggest life insurer Dai-ichi Life said Friday net profit more than doubled in the fiscal year to March boosted by strong demand for...
Chinese banks and insurers sign a 23 billon dollar refinery deal in Nigeria
Nigeria and a Chinese state firm have signed a 23-billion-dollar deal to build three refineries and a petrochemical complex in Nigeria, a world's major...
ING reports 3.2-billion-euro exposure to Greek bonds
Dutch bank and insurance group ING reported Wednesday an exposure of 3.2 billion euros (4 billion dollars) to Greek government bonds.
This was comprised of...
Aon Benfield’s FAConnect platform delivers new capacity for Terrorism risk
Aon Benfield, the world’s premier reinsurance intermediary and capital advisor, has teamed up with leading reinsurers to deliver enhanced facultative capacity for US Terrorism...
German insurer Allianz reports 3.3 billion euros in Greek holdings
The German insurance giant Allianz said on Wednesday that it owned 3.3 billion euros (4.2 billion dollars) worth of Greek debt at the end...
French court jails ‘Robin Hood’ security guard for three years
A French court on Tuesday jailed for three years an armoured van driver who became an Internet hero nicknamed Robin Hood when he made...
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...
“I’m no Robin Hood”, French security guard tells trial
A French armoured van driver who became an Internet hero when he made off with millions in cash told his trial Tuesday that he...
British insurer Aviva says ‘very low’ risk of eurozone defaults
The boss of British insurer Aviva on Tuesday said there was a "very, very low" risk that Greece, Spain or Portugal would default on...
British bank RBS says will axe 2,600 jobs, mostly in insurance division
Britain's state-rescued lender Royal Bank of Scotland announced on Monday that it plans to axe 2,600 jobs.
The bank, which is 83-percent owned by the...
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...
Airline SAS says volcano cost it more than 66 million euros
Scandinavian airline SAS said Friday it suffered at least 66 million euros in losses owing to a volcanic ash cloud from Iceland that grounded...
Aon launches industry’s first insurance policy for space investors
Aon's International Space Brokers, the largest specialist risk adviser in the sector, today announced the launch of Investment Protection Insurance, a game-changing policy for...
Prev
