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Reinsurance : Aon Benfield Research results interesting for companies

AON published its first edition of the Aon Benfield Research Newsletter which shares the successes of their global research organisations and highlights how academia can work hand in hand with businesses to improve risk awareness and deliver practical results for the reinsurance industry. Highlights include: - Top 5 mega-earthquake hotspots identified - New European windstorm research partnership - Natural Hazards Research Platform launched in New Zealand - ETH advances tropical cyclone risk model - European flood risk management - New hurricane... 


AIG unit bid defended by Hong Kong group

Hong Kong-based Primus Financial Holdings on Wednesday defended its bid to buy the Taiwan unit of ailing US insurance giant American International Group. The move for Nan Shan Life came a day after the application by Primus Financial Holdings and its partner China Strategic Holdings was rejected by Taiwan’s Investment Commission. Taiwan authorities said they feared the Hong Kong consortium was short of experience to manage an insurer and charged that it had failed to provide a long-term management commitment. “The allegations and concerns...  Lire la suite

Market / Participation : Axa cuts stake in Goldman Sachs

French insurer Axa has cut its holdings in US investment bank Goldman Sachs, which last month announced an 82 percent profit slide, by roughly one half, according to documents filed with the US Securities and Exchange Commission. Axa, which had been Goldman’s largest shareholder, sold more than 14 Million shares between January and June, reducing its stake to 2.8 percent from 4.8 percent, the documents showed. Axa said the sale was part of its plan to re-orient its financial assets in the United States. Axa has lowered its stake in the US...  Lire la suite

EU opens antitrust probe into maritime insurance

European Union regulators opened an antitrust probe on Thursday into the maritime insurance sector, citing concerns that certain agreements may harm ship owners. The European Commission said it would investigate agreements between the Protection & Indemnity Clubs, mutual non-profit associations that provide insurance to ship owners, within the International Group of P&I Clubs (IG). IG is a worldwide association of 13 P&I Clubs and its members, which include clubs from the United States, Japan and Britain, provide protection and...  Lire la suite

Wedding insurance specialist Ecclesiastical responds to news about wedding supplier Confetti going into administration

Following news that wedding supplier Confetti has gone into administration, Ecclesiastical, one of the UK’s leading providers of wedding insurance, has advised prospective brides and grooms to contact their wedding insurers if they have any questions or concerns relating to this news. According to Ecclesiastical, supplier failure has been the largest source of claims on the company’s wedding insurance policies over the last two years, followed by damage to wedding outfits and cancellation or rearrangement of the event. Ecclesiastical’s wedding...  Lire la suite

Insurance market : Legal & General insurer shares rise on bid talk-traders

Shares in insurer Legal & General rose 3 percent on Wednesday, hitting a near two-year high and outperforming UK peers, with traders citing market talk of bid interest from Zurich Financial. Legal & General declined to comment. The UK insurance sector has been buoyed recently by merger and acquisition speculation, after Aviva earlier this week said it had rejected a 5 billion pound bid approach from RSA for some of its core non-life operations. On Tuesday, traders also cited talk that France’s AXA might be interested in Aviva. More...  Lire la suite

BP to fund mental health in oil-hit Gulf states
Aon: Pension pots continue to shrink
AIG approaches big investors to take stakes in AIA
Insurer AIG sells consumer credit affiliate
Aegon UK appoints Gill Scott as HR Director
Obama says health reform expended Medicare
Reinsurer Swiss Re says it weathers oil spill costs with big profit
Insurer Axa says capital loss cuts profits 29.0 percent
Pakistan hit by worst floods since 1929
NY AG announces probe of life insurance industry
Appointment: Jodie Hackman to join Allianz Legal Protection
IAG announces expected FY10 result, dividend and changes to executive team
Weather Warning – July 27: Heavy rain expected in East of England and East Midland
XL Insurance announced quarterly dividend of $0.10 per ordinary share
Home and vehicle insurance : Singapore flood risk alarms insurers
ImpactOnDemand, a new real-time catastrophe risk management tool by Aon Benfield
AIA wants to split from US parent : report
Obama’s victory : Wall Street reform to stop ‘shadowy deals’
Weather Warning – July 15, 2010: Heavy rain expected in Northern Ireland
Weather Warning – July 13, 2010: Heavy rain expected in Wales
Aon to buy Hewitt for $4.9 billion, creating HR giant
Weather Warning – July 12, 2010: Heavy rain expected in East of England
Europe imposes caps on banker bonuses, insurance companies could be concerned
BP oil spill costs soar above 3 billion dollars
Insurance brokers under threat from huge increase in cost of regulation
Home insurance : Buyers are open to switching provider
US jobless claims surge more than expected
British bank Lloyds says it is cutting 650 jobs
Resolution buys AXA businesses in UK for 2.75 bln pounds
The increase to insurance premium tax : Comment on Emergency Budget
10 cities and towns that will each receive a $10,000 grant from Liberty Mutual to support their Independence Day celebrations
Europe should tax banks whatever G20 decides: commissioner
Research and Markets : A Comprehensive Overview of the Insurance Market of Romania
Bailed out insurer American Insurance Group and China Strategic Holdings have agreed to extend the deadline for completing AIG’s planned $2.2 billion sale of its Taiwan unit
72% of financial advisors say the recent financial crisis has made their Boomer clients more risk-averse
Weather Warning – June 18, 2010 : Heavy rain in Wales, West Midlands and South West England (Update)
www.LibertyMutual.com/2099 : Liberty Mutual has launched a futuristic driving game
AXA UK : The deal with Resolution would result in a one-off writedown of 1.4 billion euros ($1.7 billion) in 2010,
Groupama Insurances has been awarded Shaw Trust Web Accessibility accreditation for its website, www.groupama.co.uk
Merkel, Sarkozy in joint push for market reform
Incumbent Lincoln holds Arkansas
Politicians fight anti-incumbent anger in US primaries
‘Democracy hijacked’ as California goes to polls
Italy’s Generali could be interested in AIA ‘pieces’: report
Prudential pulls out of bid for Asian insurer AIA
Tropical storm Agatha kills more than 100 in Central America
AIG refuses to change conditions of AIA sale to Prudential
Quebec fires scorch 38,000 hectares of forests
All of the UK’s major credit card providers treat any form of gambling activity on a credit card as a cash withdrawal
Nearly 1.5 million homeowners are putting their homes at risk with inadequate cover
Spanish banks strain to borrow abroad
FDIC approves Washington Mutual settlement
Prudential chairman defends AIA mega-deal
Belgium’s KBC sells unit to India’s Hinduja group
Prudential launches record cash call to buy Asian insurer
Dutch bank and insurance group ING returns to profit, cautions vigilance
British insurer Aviva says ‘very low’ risk of eurozone defaults
British bank RBS says will axe 2,600 jobs, mostly in insurance division
Obama highlights benefits of health reform
Rig owner sets aside 200 million dollars for US oil disaster
Swiss Re insurance profits dampened by disaster damage
Insurer Allianz posts quarterly profit of 1.7 billion euros
German banks, insurers may lend Athens 1 billion euros
New insurance giant Generali chief Geronzi resigns from Mediobanca
Bernheim, 85, bitter on leaving Italy’s Generali
New appointments at Aon Benfield
Ash cloud disruption: Expert Comment on business insurance implications
Prudential gets approval for Hong Kong listing
Frustration as South African Airways cancels post-volcano flight
New ash cloud prompts Qantas to extend flight ban
Ash cloud leaves European backpackers stuck in Australia
Interview with Simon McGinn, Allianz
Flight ban extended due to volcanic ash
Travel chaos: volcanic ash cloud, travel insurance advice
400 killed, thousands injured in China quake
XL Insurance sets up Casualty Operation for Middle Market business in Ireland
Interview with Nick Starling, ABI’s Director of General Insurance and Health
Groupama Optima Trade Plus : Tradesman policy is first to cover part-time workers and offer them fairer premiums
British insurer Aviva to return in Asia
Goldman Sachs holds up clean hands over AIG
Whitney Houston cancels Paris concert over illness, organisers looking for a new date
Standard & Poor’s lowers Axa rating to AA- from AA
Mediobanca chief to head up Italian insurer Generali
Australian storm to cost $75 million to insurer IAG
US Congress passes ‘fixes’ to landmark health law
Chile quake, tsunami damage put at nearly 30 billion dollars
Chaos as freak storm batters Australia’s Perth
Get back on the road fast after an accident : GEICO has opened its newest Auto Repair Xpress
British Airways strike: flights cancelled, passengers remain covered
Health reform vote answered call of history : Obama
Aviva has launched a specialist media insurance, which covers the industry’s specific insurance needs
Obama’s hails weekend’s ‘historic’ health vote
It’s official! Lazy and untidy men are one of the biggest sources of irritation for Britain’s women
Liberty Mutual is studying personal online behaviors and responsibility
Aviva UK Health launches new group critical illness product
57% of employees don’t think that their doctor is qualified to judge them fit for work
New Risks Faced by Manufacturing Sector as Economic Conditions Improve
Air France insurer to appeal Brazil crash ruling
Combined net worth for the State Farm group increased in 2009 by $4.8 billion to end the year at $58.1 billion
Groupama Insurances is growing talent : Specialist new role created to implement 3 year talent plan