Gearing up for Aviva Ironman 70.3 – TODAYonline

Gearing up for Aviva Ironman 70.3 TODAYonline The first of five open-water swimming clinics to help participants prepare for this year's Aviva Ironman 70.3 Singapore triathlon was held yesterday at the … and more »

Confused.com Warns On Impact of Accidents On Insurance Premiums – AUTO-MOBI.info

The Guardian

Confused.com Warns On Impact of Accidents On Insurance Premiums AUTO-MOBI.info Confused.com is warning drivers to be extra vigilant on the roads this winter as new research reveals just two accidents could double the price a driver … Motorists, brace yourself for the biggest insurance hike since indexes beganThe Guardian AXA shines a light amid motoring gloomIndependent Car Insurance – How to Avoid Doubling Your Car Insurance PremiumPrfire (press release) Scotland on Sunday -The Guardian all 23 news articles »

It’s a Wrap! Confused.com bubble wraps UK street with one of the highest … – AUTO-MOBI.info

It's a Wrap! Confused.com bubble wraps UK street with one of the highest … AUTO-MOBI.info To highlight the rise in motor insurance claims during the recent bad weather, Confused.com has covered an entire street in Worcester in bubble wrap. … Insurers Bubble-Wrap Customers whilst the NHS throw them to the WolvesNCD News all 2 news articles »

Jessica Ennis inspired Team GB to glory in Aviva International – Scottish Daily Record

Times Online

Jessica Ennis inspired Team GB to glory in Aviva International Scottish Daily Record GOLDEN girl Jessica Ennis smashed the British 60 metre hurdles record at the Aviva International in Glasgow as she inspired Team GB to glory. … World champion Lolo Jones loses 60-meter hurdles to Jessica Ennis at Aviva …Los Angeles Times Ennis beats world champion Jones in the 60-metre hurdles at Aviva InternationalThe Canadian Press Jeter to highlight Aviva International with 60m appearanceAthletics Weekly SkySports -BBC Sport -WalesOnline all 191 news articles »

Motorists, brace yourself for the biggest insurance hike since indexes began – The Guardian

The Guardian

Motorists, brace yourself for the biggest insurance hike since indexes began The Guardian Steve Lewis, chief executive of Zurich general insurance, blames high inflation and a 30% rise in bodily injury claims. Will Thomas, head of motor at the … Ten ways to pay less for car insuranceScotland on Sunday all 23 news articles »

Franck Cammas interview: Multi-Talented – Sail World (press release)

Sail World (press release)

Franck Cammas interview: Multi-Talented Sail World (press release) Assisted by his team, Cammas is already involved with management of the 60-foot trimaran Groupama 2, the Extreme 40 catamaran and the giant trimaran …

World champion Lolo Jones loses 60-meter hurdles to Jessica Ennis at Aviva … – Los Angeles Times

Times Online

World champion Lolo Jones loses 60-meter hurdles to Jessica Ennis at Aviva … Los Angeles Times … (AP) — World champion Lolo Jones lost the 60-meter hurdles to heptathlon specialist Jessica Ennis, who set a British record at the Aviva International. … Jessica Ennis: I want to break records in the hurdles at Aviva InternationalScottish Daily Record Ennis beats world champion Jones in the 60-metre hurdles at Aviva InternationalThe Canadian Press Jeter to highlight Aviva International with 60m appearanceAthletics Weekly SkySports -BBC Sport -The Press Association all 191 news articles »

China Pacific Insurance expects 2009 profit to surge 400% – Xinhua

China Pacific Insurance expects 2009 profit to surge 400% Xinhua 30 (Xinhua) — China Pacific Insurance Group Co., the country's third largest insurer, said Saturday its net profit is estimated to grow at least 400 … China Pacific Insurance expects 2009 profit to surge 400%Global Times all 8 news articles »

AIG employees agree to cuts in retention bonuses – Washington Post

AIG employees agree to cuts in retention bonuses Washington Post AIG is hoping to recoup the remainder of $45 million in bonuses that Financial Products employees, at the height of last year's controversy, signaled they … AIG bonuses ignore performanceMarketWatch AIG Gets Strong Response on Bonus CutsWall Street Journal Employees at AIG unit agree to bonus cuts: ReportBusiness Insurance all 7 news articles »

Prepare for a shock if it’s time to renew your car insurance – Independent

The Guardian

Prepare for a shock if it's time to renew your car insurance Independent "Other insurers will follow Zurich's lead," says Will Thomas, head of car insurance at Confused.com. "Pricing has had to change due to a number of factors, … Crash twice to double your car insurance premiumsFinance Markets (blog) Car Insurance – How to Avoid Doubling Your Car Insurance PremiumYour-Story.org (press release) UK Car Insurance Prices Rise by Most on Record, AA SaysBloomberg all 60 news articles »

Axa car insurance site offers 90% no-claims discount – The Guardian

The Guardian

Axa car insurance site offers 90% no-claims discount The Guardian It has traditionally sold through brokers alongside its Swiftcover brand, and is unashamedly targeting middle-aged drivers of low-performance cars who are … AXA launch AXA Car InsuranceInsurance Daily AXA launches motor insurance brand with 'pavement rage' adCampaignLive AXA launches new direct car insurance for experienced driversNews-Insurances (press release) all 23 news articles »

AIG Discloses Details on Toxic Securities – ABC News

AIG Discloses Details on Toxic Securities ABC News In a public filing, AIG listed the securities held in its Maiden Lane III business, which the company and the government created to purchase toxic assets, … ANALYSIS – AIG filing casts doubt on 'limited exposure' claimReuters India all 134 news articles »

Liberty Mutual Awards $100000 In Grants To Fire Fighters – National Underwriter Property And Casualty Insurance News

Liberty Mutual Awards $100000 In Grants To Fire Fighters National Underwriter Property And Casualty Insurance News By NU ONLINE NEWS SERVICE Liberty Mutual Insurance has awarded a total of $100000 in grants to fire departments around the country in response to residents … Quincy, Weymouth win fire prevention grantsThe Patriot Ledger Carmel, Westfield win fire-education grantsIndianapolis Star all 11 news articles »

AIG Details Troubled Derivatives – Wall Street Journal

Washington Post

AIG Details Troubled Derivatives Wall Street Journal AIG said in a Securities and Exchange Commission filing that it was releasing the unredacted documents "due to recent public disclosure of the full contents … AIG's Big Debt to US TaxpayersNew York Times Geithner: 'I had no role' in an AIG cover upCNNMoney.com Treasury Secretary Geithner defends handling of AIG rescueWashington Post MarketWatch -Bloomberg all 2,340 news articles »

Allianz Not Looking To Buy Swiss Life – Insurance News Net (press release)

Allianz Not Looking To Buy Swiss Life Insurance News Net (press release) German insurer Allianz (ETR:ALV) is not interested in buying Swiss Life (VTX:SLHN), as it does not regard the Swiss insurer as a good fit for Allianz, … and more »

Buffett holds option to boost Munich Re stake – Business Insurance

Buffett holds option to boost Munich Re stake Business Insurance MUNICH—Warren Buffett's investment in Munich Reinsurance Co. includes options that could push his stake in the German reinsurer to more than 5%. … Buffett raises Munich Re stakeFinancial Times all 284 news articles »

China’s BoCom Becomes First Domestic Bank to Enter Insurance Market – Insurance News Net (press release)

TheBull.com.au

China's BoCom Becomes First Domestic Bank to Enter Insurance Market Insurance News Net (press release) BoCommLife, formerly known as China Life-CMG Life Assurance Co. Ltd., was renamed after BoCom had been approved by Chinese banking and insurance regulators … Commonwealth Bank May Sell Part Of JV Stake To BoComWall Street Journal CBA gets a Chinese insurance partnerSydney Morning Herald China's BoCom launches insurance venture, plans expansionReuters India Shanghai Daily -Business Spectator -Herald Sun all 48 news articles »

Hannover Re increases its “K6″ capital market transaction

Hannover Re has given the capital market another opportunity to participate in (natural) catastrophe risks. The “K6″ transaction, which was launched in 2009, was further boosted by the maximum targeted amount of USD 152 million to a total volume of USD 329 million; it was taken up by new and existing investors alike. Placement proved highly successful for Hannover Re, with investor demand comfortably outstripping supply. This also confirms that the market for alternative risk transfer, which had contracted in the wake of the financial market crisis, has recovered.

“Our latest capital market transaction serves to complement our traditional programme of protection cover, which we use to protect against peak exposures such as natural catastrophes”, Chief Executive Officer Ulrich Wallin explained. “Our investors enjoy extremely attractive returns given a normal experience of the covered portfolio. What is more, they are able to diversify their own portfolio and exclude the usual interest rate risks associated with other capital market products.”

The additional interests in the “K6″ transaction were taken out in the form of three-year contracts, which means that in future only part of the “K6″ quota share will be renewed at year-end. The transaction was placed with institutional investors worldwide.

The portfolio assembled for the “K6″ securitisation consists of non-proportional reinsurance treaties in the property catastrophe, aviation and marine (including offshore) lines.

EARNINGS FORECAST TABLE: Munich Re 4Q 2009 – Wall Street Journal

EARNINGS FORECAST TABLE: Munich Re 4Q 2009 Wall Street Journal FRANKFURT (Dow Jones)–The following is a summary of analysts' forecasts for Munich Re's (MUV2.XE) fourth-quarter results, based on a poll of 14 analysts by … and more »

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 services is on streamlining and/or eliminating scale and efficiency challenges, specifically: a) the enrolment and premium collection from persons in remote areas and /or who may not have bank accounts, b) the management of large numbers of small policies and small claims, and c) the integration of multiple actors who work together to provide the insurance service.

Martin Senn, Zurich’s Chief Executive Officer and Chairman of the Foundation’s Board said: “We believe it’s critical to our long-term business success to play our part in delivering sustainable, long-lasting solutions to important and relevant economic, social and environmental challenges. In these difficult times of market recovery, it is important to underpin our commitment to corporate responsibility and actively support the development of better insurance services for the less fortunate”.

To support the development of innovative approaches to provide better insurance coverage to more low income people in a cost effective way the Facility will provide innovation grants to organizations involved in microinsurance. The grant applications will be reviewed using the Facility’s existing selection process and the best 5 to 7 projects selected will be closely monitored over a 3 to 4-year period. Results and learnings will be widely disseminated to assure the broadest possible usage of the gained insights.

China Life 09 Net Expected to Hit CNY15bn – Trading Markets (press release)

China.org.cn

China Life 09 Net Expected to Hit CNY15bn Trading Markets (press release) Net profit attributable to shareholders of China Life Insurance Co., Ltd. (SHSE: 601628 and SEHK: 2628) is expected to hit over CNY 15 billion in 2009. … China Life tops world's largest life insurer in market valueInsurance News Net (press release) H-Shares Fall 1%, Earnings Expectations Life China LifeJLM Pacific Epoch China's 2009 insurance premiums set recordBusiness Insurance Insurance News Net (press release) -Trading Markets (press release) all 23 news articles »

Allianz Executive Dampens Swiss Life Rumors – New York Times (blog)

stv.tv

Allianz Executive Dampens Swiss Life Rumors New York Times (blog) Investors hoping that Swiss Life would be gobbled up by Allianz may be disappointed to hear that the German insurer isn't on the hunt for any big deals. … Allianz Not Looking To Buy Swiss LifeInsurance News Net (press release) Swiss Life Is Not Good Fit – AllianzNew York Times all 35 news articles »

Cumbria floods costs reached £200 million accord to ABI

The cost of damage caused by last November’s devastating flooding in Cumbria has now topped £200 million, according to figures released today by the ABI.

Latest ABI figures show that:

• The cost of insurance claims following the floods is now estimated at £206 million. Over half – 60% – of this cost relates to business damage.

• Insurers have handled 36,000 flood and storm damage claims from cutomers.

• Interim payments made by insurers to help homeowners and firms cope have ranged from £250 to £400,000.

• Alternative temporary accommodation has been arranged for 470 customers, whose flood-damaged homes and businesses have been uninhabitable while being repaired.

Flood victims who insurers have helped get back on their feet include:

• A hotel, whose flood-damaged rooms were repaired in time for them to re open for the busy Christmas period.

• A shop in Cockermouth that, less than a month after having been badly flooded, had been fully dried, rewired and reopened.

Nick Starling, the ABI’s Director of General Insurance and Health, said: “Insurers are playing a critical role in getting Cumbria back on its feet following the devastating flooding. It can take months for badly flood-damaged properties to fully dry out, which is why insurers are paying for temporary accommodation or alternative business premises for those most badly affected. This event highlights how important it is for firms to have business continuity insurance to ensure that they can continue trading while the business recovers and local infrastructure, such as bridges, are repaired.

”This was a traumatic and tragic event for those affected, but not for insurers, who expect to deal with extreme weather incidents like this during the year.

“We cannot control the weather, but we can minimise its impact. People who live and work in the region, and throughout the UK, need to be better protected against the rising flood risk. That is why the sooner that the Flood and Water Management Bill becomes law, and is implemented the better.”

swiftcover best “Value for Money” car insurer – Insurance Daily

swiftcover best “Value for Money” car insurer Insurance Daily swiftcover.com has been named the UK's best “Value for Money” car insurer for 2010, by visitors to Lovemoney.com. …

Torus Appoints Thomas Guesde as European Casualty Leader

Following the launch of Continental European operations in September 2009, Torus has appointed Thomas Guesde as SVP of its new European Casualty platform. With limits of up to €25 million the new platform is available on both a primary and excess basis.

Following the launch of Continental European operations in September 2009, Torus, the global specialty insurer, has appointed Thomas Guesde as Senior Vice President of its new European Casualty platform. Reporting to David Perez, President and CUO Global Casualty, Mr. Guesde is initially based in Torus’ new Amsterdam office, pending the opening of a Paris office later this year.

With limits of up to €25 million the new platform is available on both a primary and excess basis with the capacity to write most classes, from large, global, complex risks to European middle market business. Most policy forms can be followed in several European languages.

Formerly Director of GAN Eurocourtage’s Casualty Underwriting and International Departments, Mr. Guesde brings over 17 years of highly technical casualty underwriting and customer management experience to Torus.

Mr. Perez said: “The establishment of an underwriting operation in Europe is designed to enhance the global footprint of Torus Casualty, entertain opportunities accessible only through a local presence and assist in the diversification of our overall portfolio by responding to the specific needs of our customers in Continental Europe. Having Thomas on our team is a significant step in the execution of this strategy.”

China Life Shares Gain in Hong Kong on Profit Outlook – BusinessWeek

China Life Shares Gain in Hong Kong on Profit Outlook BusinessWeek 29 (Bloomberg) — China Life Insurance Co. led shares of insurance companies higher in Hong Kong trading after the nation's largest insurer said net profit … Hong Kong stocks close down 1.15%People’s Daily Online HK Dollar Up Late; Decline Likely To Resume On China ConcernsWall Street Journal all 35 news articles »

Secret Banking Cabal Emerges From AIG Shadows: David Reilly – Bloomberg

Washington Post

Secret Banking Cabal Emerges From AIG Shadows: David Reilly Bloomberg The New York Fed is in the hot seat for its decision in November 2008 to buy out, for about $30 billion, insurance contracts AIG sold on toxic debt … Geithner: 'I'll carry the burden' of AIG foreverCNNMoney.com Geithner Defends Big AIG PayoutsWall Street Journal Treasury Secretary Geithner defends handling of AIG rescueWashington Post New York Times -BusinessWeek -MarketWatch all 2,340 news articles »

Gocompare Hayley’s in a league of her own – WalesOnline

Gocompare Hayley's in a league of her own WalesOnline Rin Simpson met the brains behind Gocompare MOST people hear the phrase 'go compare' and immediately picture a mustachioed tenor with a questionable Italian …

Confused.com Warns On Impact of Accidents On Insurance Premiums – Insurance News Net (press release)

The Guardian

Confused.com Warns On Impact of Accidents On Insurance Premiums Insurance News Net (press release) Cardiff (PRWEB) January 27, 2010 — Confused.com is warning drivers to be extra vigilant on the roads this winter as new research reveals just two accidents … Prepare for a shock if it's time to renew your car insuranceIndependent Crash twice to double your car insurance premiumsFinance Markets (blog) Car Insurance – How to Avoid Doubling Your Car Insurance PremiumYour-Story.org (press release) Bloomberg all 60 news articles »

Buffet – 5% of Munich Re?

Options mean Warren Buffet could take 5% of reinsurer

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