news insurance
Belgium’s KBC sells unit to India’s Hinduja group
Belgian lender KBC said Friday it has sold its Luxembourg private bank unit to India's Hinduja group for 1.35 billion euros (1.7 billion dollars)...
Aon Benfield announces academic and industry research collaboration
Aon Benfield, the world’s premier reinsurance intermediary and capital advisor, is broadening its capabilities and bringing together its academic and industry research relationships under...
Austrian inflation stable at 2.0 percent in April, insurance costs also up
Austrian inflation remained stable in April at 2.0 percent, on the back of continued high fuel prices, official data showed on Tuesday.
The Austrian consumer...
Unemployment insurance: For 534 jobs, Naples gets 112,572 applications
The southern city of Naples received 112,572 applications for 534 public administration jobs such as traffic police officer and public accountant, Italian media reported...
Dual launches new broker PI facility
Specialist professional indemnity underwriting agency, DUAL Corporate Risks has secured new capacity for underwriting broker’s professional indemnity cover.
The £5m liability capacity, provided by AmTrust...
Europe to push for tougher G20 market regulation
Greek Prime Minister George Papandreou said several European leaders will press for a ban on certain arcane financial tools tied to the 2008 global...
India plans 11 billion dollar infrastructure fund, 4.4 from insurance
India aims to create an 11-billion-dollar fund to overhaul its creaking infrastructure, with 40 percent of the money sourced from abroad, a report said...
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...
New US weekly jobless claims fall fourth week in row
New claims for US unemployment insurance benefits fell for the fourth straight week, the longest stretch since the economy entered recession more than two...
Insurance giant Dai-ichi Life annual profits more than double
Japan's second-biggest life insurer Dai-ichi Life said Friday net profit more than doubled in the fiscal year to March boosted by strong demand for...
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...
ING reports 3.2-billion-euro exposure to Greek bonds
Dutch bank and insurance group ING reported Wednesday an exposure of 3.2 billion euros (4 billion dollars) to Greek government bonds.
This was comprised of...
Aon Benfield’s FAConnect platform delivers new capacity for Terrorism risk
Aon Benfield, the world’s premier reinsurance intermediary and capital advisor, has teamed up with leading reinsurers to deliver enhanced facultative capacity for US Terrorism...
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...
ARAG wins two awards in national competition
Bristol-based legal insurance specialist ARAG won two awards last week at the prestigious Claims Technology Awards held in Manchester.
ARAG’s combined After-the-Event (ATE) Claims &...
Obama highlights benefits of health reform
US President Barack Obama highlighted the benefits of the newly-adopted health care reform on Saturday, saying it had already made insurance companies more accountable.
"Aside...
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...
Airline SAS says volcano cost it more than 66 million euros
Scandinavian airline SAS said Friday it suffered at least 66 million euros in losses owing to a volcanic ash cloud from Iceland that grounded...
Prev
