Insurer
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...
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...
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...
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...
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...
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...
Insurer AIG swings back to profit in first quarter
Bailed out US insurance giant AIG posted on Friday a better than expected net profit of 1.45 billion dollars in the first quarter, a...
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...
Insurer Zurich posts 76 percent profit jump in first quarter
Swiss insurer Zurich Financial Services on Thursday said its first quarter net profits soared 76 percent to 935 million dollars (729 million euros), despite...
Swiss Re insurance profits dampened by disaster damage
Swiss Re, one of the world's biggest reinsurers, on Thursday reported a surge in first quarter profit although its results were dampened by losses...
China backs insurer Ping An’s acquisition plan
Chinese regulators have approved a plan by Shenzhen-based powerhouse Ping An Insurance to buy a stake in Shenzhen Development Bank from US private equity...
Insurer Allianz posts quarterly profit of 1.7 billion euros
The German insurance giant Allianz said on Wednesday that its first-quarter operating profit gained 21 percent from the same period a year earlier to...
Baja California quake causes USD 1 billion economic loss in Mexico
Aon Benfield, the world’s premier reinsurance intermediary and capital advisor, today releases its latest Monthly Cat Recap report, which provides an analysis of global...
HSB launches green equipment breakdown product
Leading engineering specialist insurer HSB Engineering Insurance Limited has launched an equipment breakdown product which addresses the green issues faced by businesses, helping them...
German banks, insurers may lend Athens 1 billion euros
Deutsche Bank and insurers Allianz and Munich Re could lend Greece one billion euros (1.3 billion dollars) on the same terms as a EU-IMF...
Poland’s PZU draws record number of investors
Over a quarter million individual investors signed up for a pool of seven million shares in Poland's PZU insurance giant, setting a new record,...
FAConnect platform brings new facultative capacity for Chile earthquake risk
Aon Benfield, the world’s premier reinsurance intermediary and capital advisor, is utilizing its groundbreaking FAConnect placement platform to respond to client demand for expanded...
Steady growth of Saudi insurance sector prompts Chedid Re to set up operations in Kingdom
Chedid Re, one of the leading reinsurance brokers in the MENA region, has announced that it has established a new subsidiary in the Kingdom...
Bernheim, 85, bitter on leaving Italy’s Generali
French financier Antoine Bernheim, stepping down from the helm of Generali on Saturday, charged he was forced out of the Italian insurance giant by...
Prev
