Insurance
Ash cloud disruption: Expert Comment on business insurance implications
Stephen Cross, CEO of Aon Global Risk Consulting, commented on yesterday the business and insurance implications of the ash cloud that has been causing...
Energy insurers heading into deeper waters as oil exploration breaks depth records
Energy insurers will, over the next 10 years, have to deal with drilling and production platforms in ever deeper waters; more complex subsea infrastructure...
Prudential gets approval for Hong Kong listing
London-listed insurer Prudential has been given the green light by the Hong Kong Stock Exchange to list on the city's bourse, a report said...
IMF proposes global bank tax plans
The International Monetary Fund has proposed two new global taxes on banks and other financial institutions to cover the cost of future bailouts, the...
Frustration as South African Airways cancels post-volcano flight
Frustrated passengers were braced for a sixth unplanned night in Johannesburg on Tuesday as South African Airways (SAA) cancelled what was to be its...
China’s Huijin to issue 80 billion yuan in bonds
The domestic investment arm of China's sovereign wealth fund has been given the green light to raise 80 billion yuan (11.7 billion dollars) through...
AIG considers action on Goldman
Insurance giant AIG may pursue Goldman Sachs on losses from six billion dollars of insurance deals similar to those that prompted recent SEC fraud...
Waterland Financial acquires MetLife’s Taiwan unit
Taiwan's Waterland Financial Holding announced Monday it will pay 112.5 million US dollars for the acquisition of US insurance giant MetLife's local unit.
Waterland, a...
Post-crisis finance could learn from salmon farms: report
The financial services industry could learn lessons from the plight of Chilean salmon farmers or US wildfire management, a report backed by senior bank...
US Congress passes jobless aid package
The US Congress on Thursday passed a two-month extension of unemployment benefits, overcoming Republican opposition that stalled the aid package when the programs expired...
Travel chaos: volcanic ash cloud, travel insurance advice
The British Insurance Brokers’ Association (BIBA) has issued clarification and advice to travellers affected by the cloud of ash from a volcano in Iceland,...
Energy insurers must cope with rising power demand unchecked by the recession
The economic recession has barely dented global usage of electricity in the long term leaving both power generators and their insurers having to cope...
Swiss Re helps clients turn risk into profitable growth
Swiss Re announced on April 15 the launch of an enhanced version of Magnum, its automated life and health underwriting system.
This innovative solution...
400 killed, thousands injured in China quake
A strong earthquake and aftershocks rattled northwestern China’s Qinghai Province over the last 15 hours, killing at least 400 and injuring over 10,000, according...
Insurance association BIBA launchs “Facts about limitation of liability”
The British Insurance Brokers’ Association (BIBA) has launched a new publication to provide clarification to brokers on the issue of limitation of liability when...
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...
XL Insurance sets up Casualty Operation for Middle Market business in Ireland
XL Insurance, the global insurance operations of XL Capital Ltd (NYSE: XL), today announced the launch of its new Dublin based underwriting operation for...
Groupama Optima Trade Plus : Tradesman policy is first to cover part-time workers and offer them fairer premiums
In a first for the insurance sector, Groupama Insurances is offering Tradesman cover for part-time workers at a reduced per capita rating through its...
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...
British insurer Aviva to return in Asia
Aviva said on Friday it will re-enter Asia's general insurance business with the launch of services in Singapore, one month after rival Prudential bought...
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