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New British venture eyes state-rescued bank assets
A new venture is being launched to compete for acquiring retail banking assets bought by the British government at the height of the financial...
Aegon Ireland launches new range of protected funds
Aegon Ireland has launched six new protected funds aimed at advisers who have clients interested in some form of equity exposure while maintaining a...
Export insurance: Euler Hermes to launch a new service to major exporters
The specialist of credit insurance Euler Hermes announced on Tuesday a new service through a new department dedicated exclusively to major exporters.
With a...
Aon/Albert G. Ruben celebrates 50 years of innovation in the entertainment industry
Aon/Albert G. Ruben, the world's leading insurance broker for the entertainment industry, today celebrates its 50th anniversary. A half-century ago, Albert G. Ruben had...
BP oil spill costs soar above 3 billion dollars
BP's costs over the Gulf of Mexico oil spill soared Monday above three billion dollars, while a giant Taiwanese ship provided hope of revolutionizing...
Insurance brokers under threat from huge increase in cost of regulation
The recent invoices received by members from the FSA for the 2010-11 fees and levies have highlighted the inequality of the current funding of...
Belgian bank KBC sells units to Japanese, Australian firms
Belgian bank KBC has sold bond and derivatives trading businesses to Japanese firm Daiwa Capital Markets for one billion dollars (800 million euros), the...
XL Group plc completes redomestication to Ireland and name change
XL Group plc ('XL' or 'the Company') announced today that it has completed its previously announced redomestication to change the parent holding company's place...
US jobless claims surge more than expected
New claims for US unemployment benefits jumped more than expected last week, official data showed Thursday on the eve of the key June jobs...
Hurricane Alex threatens Mexico, Texas
Hurricane Alex picked up strength in the western Gulf of Mexico on Wednesday, heading towards northeastern Mexico and Texas and disrupting oil cleanup operations...
Aon expands captive consulting capabilities with formation of Aon global risk consulting Bermuda
Aon Global Risk Consulting, a leading provider of risk advisory services and part of Aon Corporation (NYSE: AON), today announced the launch of Aon...
Aon Benfield recommends internal models to boost reinsurance value under Solvency II
Aon Benfield, the world’s premier reinsurance intermediary and capital advisor, today launches a new report that examines the many different facets of the Solvency...
British bank Lloyds says it is cutting 650 jobs
Britain's state-controlled Lloyds Banking Group said Wednesday it was cutting another 650 jobs as the company continues to streamline its operations.
"Significant progress has been...
Aegon welcomes speedy review of automatic enrolment
Aegon welcomes today’s announcement by the Department of Work and Pensions of a ‘thorough and speedy review’ of automatic enrolment into workplace pensions. Aegon...
Jobless insurance: US claims fall for first time in three weeks
New claims for US jobless benefits fell for the first time in three weeks, the government said Thursday amid persistent concerns that unemployment may...
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...
Europe should tax banks whatever G20 decides: commissioner
Europe should tax its banks in order to build up an emergency bail-out fund whatever other major economies decide at this weekend's G20 summit,...
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...
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