Insurers
Good to know : How to value an insurance company
General insurance, such as home and car insurance, is mainly short-term business. Broadly, the insurer collects a premium and for the following twelve months...
Lloyd’s of London : interim profit of £628m
Lloyd's interim result reflects a period of significant claims and extremely challenging investment conditions
Lloyd’s has today announced an interim profit before tax of £628...
Insurance guides : Allianz Advises Brokers on Government Energy Scheme
Allianz Engineering is reminding brokers of the looming deadline for businesses to sign up to a government-backed climate change and energy-saving scheme. The Carbon...
Merger : Insurance consortium buys Danish FIH for $879 mln
A consortium consisting mainly of Danish and Swedish insurers has agreed to buy Danish corporate and investment bank FIH for 5 billion Danish crowns...
Brit Insurance : agrees to $1.3 bln Apollo and CVC bid
Brit Insurance recommended on Friday shareholders accept an 850 million pound ($1.3 billion) offer after buyout firm CVC Capital Partners agreed to link up...
Flood insurance : policies should reflect flood risk
Representatives from the insurance industry met with the National Flood Forum, the Environment Agency and local government to discuss the challenges in managing future...
Asset sales : China Life and Pacific Insurance eye bank stakes in SRCB
China Life and China Pacific Insurance, two of the country's biggest insurers, are in talks to buy stakes in Shanghai Rural Commercial Bank (SRCB),...
Automobile Association : urges government to not cut spending on flood defences
In an open letter to the environment secretary Caroline Spelman, Simon Douglas, director of AA Insurance, said that any cut in spending on protecting...
Aon Benfield / report : Evolving Criteria – Keeping Pace with Rating Agency, ERM and Regulatory Developments
The report highlights that insurers will most likely need to hold more capital as a result of continuously evolving rating agency criteria and numerous...
Monte Carlo : Swiss Re puts capital and expertise to work
Increasing mergers and acquisitions activity, low interest rates and regulatory changes are some of the opportunities and challenges in focus for insurers and reinsurers....
Brokers : fighting to get fairer claims from insurers
New research has revealed that insurance brokers have to fight harder to get claims paid during the economic downturn due to the stricter policy...
European Systemic Risk Board : Insurance Glossary
The ESRB will be responsible for macro-prudential oversight of the EU's financial system to prevent or lessen systemic risks, avoid situations of widespread financial...
Pension : Employers underestimate risks associated with poor defined benefit membership data
Most UK employers operating defined benefit pension schemes are underestimating the risks and failing to understand the impact of poor quality membership...
Brit Insurance says Apollo sweetens approach
Brit Insurance said Apollo Management had raised its takeover bid to 10.75 pounds a share, valuing it at about 852 million pounds ($1.32 billion)...
Comarch Insurance Claims praised by Celent
The Comarch Insurance Claims solution fully complies with Celent’s requirements as far as business functionality, technical architecture and the number of references are concerned....
Aon GRIP reaches 500,000 trade milestone
Aon Global Risk Insight Platform, the industry-leading and award-winning real-time electronic platform that tracks Aon’s placements globally, has hit a new milestone with its...
United Kingdom: Rise in fraudulent insurance claims
Insurers uncovered a record £840 million worth of fraudulent claims in 2009, figures have shown.
A total of 122,000 insurance claims were rejected by the...
Home and vehicle insurance : Singapore flood risk alarms insurers
Insurers may hike premiums for flood-prone properties in Singapore after a deluge caused millions of dollars in damage and led to luxury...
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...
Car insurance premiums soar by 14%
The cost of car insurance soared by 14% during the second quarter as insurers raised their prices in a bid to return to profit,...
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