news insurance
Rig owner sets aside 200 million dollars for US oil disaster
The owner of the rig at the center of the Gulf of Mexico oil disaster said Thursday it had set aside 200 million dollars...
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...
Prudential delays rights issue to fund Asian insurer buyout
British insurer Prudential on Wednesday said it had decided to delay launching a rights issue aimed at helping to fund a 35.5-billion-dollar takeover of...
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...
Samsung Life’s IPO draws huge response from investors
South Korea's biggest initial public offering has drawn a huge response from investors, a brokerage said Tuesday, with shares in top insurer Samsung Life...
Indian man escapes jail after false burning claim to insurance
An Indian man who said he was set on fire by a group of men in Australia, following a spate of attacks on foreign...
Indonesian marchers demand health insurance and better social security
Thousands of Indonesians took to the streets of Jakarta on Saturday under a heavy police presence to demand better social security for workers.
Police said...
New Zealand warns of ‘extreme’ terrorism risk in India, travel insurance hardly recommended
New Zealand has warned travellers of an "extreme risk" of terrorism in India highlighting New Delhi, the venue for the October Commonwealth Games, as...
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,...
Appointment: Evolution expands underwriting team
Commercial underwriting specialist Evolution Underwriting has announced today the appointment of James Curtin as a commercial underwriter working within the New Business team. Curtin...
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...
New insurance giant Generali chief Geronzi resigns from Mediobanca
The head of the board of Italian investment bank Mediobanca Cesare Geronzi resigned late Monday just two days after taking over the helm of...
Aerospace insurance costs continues steady descent
The price of insurance for the aerospace industry looks set to continue to decline in 2010, for the fourth year in a row, finds...
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