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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...
Insurance giant Prudential expects to list in Hong Kong on May
Insurance giant Prudential, which has agreed to buy the Asian arm of troubled US insurer AIG, said Friday its shares were expected to start...
New appointments at Aon Benfield
Aon Benfield, the world’s premier reinsurance intermediary and capital advisor, today announces that it has promoted Paul Kaye to Head of Actuarial and Enterprise...
New US jobless claims retreat
New claims for US unemployment insurance benefits fell back last week after a fortnight of increases, the Labour Department said Thursday.
Initial jobless claims totalled...
IMF proposes global bank tax plans
The International Monetary Fund has proposed two new global taxes on banks and other financial institutions to cover the cost of future bailouts, the...
China’s Huijin to issue 80 billion yuan in bonds
The domestic investment arm of China's sovereign wealth fund has been given the green light to raise 80 billion yuan (11.7 billion dollars) through...
AIG considers action on Goldman
Insurance giant AIG may pursue Goldman Sachs on losses from six billion dollars of insurance deals similar to those that prompted recent SEC fraud...
Ash cloud strands tourists in Egypt
Thousands of tourists holidaying in Egypt were stranded at airports across the country on Monday as volcanic ash emanating from Iceland swept through European...
Waterland Financial acquires MetLife’s Taiwan unit
Taiwan's Waterland Financial Holding announced Monday it will pay 112.5 million US dollars for the acquisition of US insurance giant MetLife's local unit.
Waterland, a...
Australian regulator blocks NAB bid for AXA Asia Pacific
Australia's competition watchdog Monday rejected National Australia Bank's proposed 12.2 billion US dollar takeover of AXA Asia Pacific Holdings (AXA), but did not oppose...
Energy insurers must cope with rising power demand unchecked by the recession
The economic recession has barely dented global usage of electricity in the long term leaving both power generators and their insurers having to cope...
Swiss Re helps clients turn risk into profitable growth
Swiss Re announced on April 15 the launch of an enhanced version of Magnum, its automated life and health underwriting system.
This innovative solution...
Insurance association BIBA launchs “Facts about limitation of liability”
The British Insurance Brokers’ Association (BIBA) has launched a new publication to provide clarification to brokers on the issue of limitation of liability when...
New head of commercial for Sterling Insurance
Sterling Insurance Company announced on Monday Kevin Donoghue appointment to a newly created position, Head of Commercial Underwriting.
Kevin will be responsible for developing and...
XL Insurance sets up Casualty Operation for Middle Market business in Ireland
XL Insurance, the global insurance operations of XL Capital Ltd (NYSE: XL), today announced the launch of its new Dublin based underwriting operation for...
World catastrophic events : Aon monthly report
Aon Benfield, the world's premier reinsurance intermediary and capital advisor, released the latest edition of its Monthly Cat Recap report, which provides an analysis...
Taiwan minister sorry for linking singles to mental illness
Taiwan's health minister apologised Thursday after he came under fire for suggesting single people should pay more health insurance because they have a higher...
Goldman Sachs holds up clean hands over AIG
US investment bank Goldman Sachs has refuted allegations that it profited improperly from the state rescue of insurance giant AIG and that it took...
Whitney Houston cancels Paris concert over illness, organisers looking for a new date
Pop singer Whitney Houston has cancelled the Paris concert she was due to give Tuesday because of illness, the concert's organisers said.
Houston was suffering...
MMA signs up to SIRA in fight against fraud
MMA, the broker-only general insurer, has announced today that the company has signed up to the SIRA system (Syndicated Intelligence for Risk Avoidance), joining...
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