Z Zurich Foundation to support ILO microisurance innovation facility with a £1,75 million contribution
Zurich Financial Services Group announced today that its Z Zurich Foundation (Foundation) will support the International Labour Organization (ILO)’s Microinsurance Innovation Facility with a contribution of CHF 3 million to facilitate the development of innovative approaches to provide better insurance coverage to more low-income people in a cost effective way. Reducing the administrative costs to the lowest possible level helps unlock the value of risk protection to the low-income population. Therefore, one of the major focus areas of microinsurance... Lire la suite
Lloyds to cut almost 600 jobs and to bring back its insurance business in Bristol and Edinburgh
British bank Lloyds said on Thursday it intended to cut nearly 600 jobs in another shake-up at the state-rescued group that has already axed thousands of positions over the past year. “Lloyds Banking Group (LBG) is announcing today a number of changes within its wholesale and retail divisions,” it revealed in a statement. “In addition, some insurance work currently administered by a third party supplier based in the UK, will be brought back into the group and processed at its strategic Insurance centres in Bristol and Edinburgh.” LBG... Lire la suite
Standard Life announces new executive structure
Following David Nish’s appointment as Chief Executive on 1 January 2010, Standard Life today confirms the structure of its new Executive Team, including the appointment of two new members. Christian Torkington will join Standard Life on 1 March 2010 from RSA Insurance Group as Group Information and Operations Director. He will focus on developing and implementing our technology strategy and processes that underpin our day-to-day operations. Sandy Begbie will join Standard Life from AEGON as Group Transformation Director. Sandy’s... Lire la suite
AXA aquires Omniasig Life and enter the Romanian Life insurance market
AXA announced today the acquisition of Omniasig Life. With this operation, AXA enters the Romanian Life insurance market, in line with its objective of accelerating the development of its activities in the emerging countries, notably in Central and Eastern Europe. After the buyout of the minority interests of its Hungarian, Czech and Polish subsidiaries held by the EBRD in December 2009, the acquisition of Omniasig Life represents for AXA an excellent opportunity for its development in a high growth potential market of Central and Eastern Europe. The... Lire la suite
Groupama Insurances to reorganise its UK general insurance claims operations
Following the completion of a detailed strategic review, Groupama Insurances has announced proposals to reorganise and re-engineer its UK general insurance claims operations. If confirmed, the plans will bring together personal and commercial lines claims handling into the company’s Personal Lines Claims Centre in Port Solent, near Portsmouth, resulting in the phased closure of its Commercial Lines Claims Centre in Borehamwood. It is currently proposed that the transfer of work to Portsmouth will commence in April 2010. The proposals will also... Lire la suite











