Insurer
Blue Cross and Blue Shield : Insurance surpluses don’t avoid rate raises
Surplus reserves held by Blue Cross and Blue Shield have not stopped the company from asking for rate hikes, a Consumers Union study...
Alternative forms of remuneration reflexions by Aon
Aon Corporation announced it is working with markets to explore the various forms of alternative remuneration available to Aon.
“As we stated during testimony delivered...
Aon Benfield launches first pan-Asian typhoon model
Impact Forecasting, Aon Benfield’s catastrophe model development centre of excellence, has launched the first fully functional Asian typhoon model to span the continent.
The new...
Home insurance: Axa to launch a short film about water damage
Axa insurer launched in July a short film documentary about a family affected by water damage.
The short film film takes viewers through this personal...
UK’s building stock being systematically attacked warns insurer Ecclesiastical
Specialist insurer Ecclesiastical today renewed its warning that many of Britain’s churches and buildings are being systematically targeted by criminals for their valuable metal.Speaking...
Aon to buy Hewitt for $4.9 billion, creating HR giant
Aon Corp, the world's largest insurance brokerage, said Monday it will buy Hewitt Associates Inc for $4.9 billion in cash and stock to create...
Whittington to launch new direct insurer in Singapore: DirectAsia.Com
Whittington Group, the international insurance investor and services provider, today announced the launch next week of a new direct online insurance company, DirectAsia.com, in...
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...
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...
AXA UK : The deal with Resolution would result in a one-off writedown of 1.4 billion euros ($1.7 billion) in 2010,
Resolution, set up in 2008 to buy and profitably merge slow-growing British life insurers, said on Monday it hoped to complete the 2.75 billion...
Groupama Insurances has been awarded Shaw Trust Web Accessibility accreditation for its website, www.groupama.co.uk
Shaw Trust is one of the UK's most comprehensive website accessibility accreditation services. A national charity, it supports disabled and disadvantaged people to prepare...
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...
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,...
Spanish banks strain to borrow abroad
Spanish financial institutions are having increasing problems in borrowing from foreign banks because of concerns about Spanish sovereign debt, the Expansion daily reported on...
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...
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...
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