http://marketpublishers.com/lists/news_58.html Insurance news en-us 2008-08-29 05:39:09 GMT 2008-08-29 05:39:09 GMT http://marketpublishers.com/lists/3395/news.html American International Group (AIG) has reported a another quarterly loss as profits were wiped out by writedowns on mortgage-related investments. For the April to June period, the world's biggest insurer incurred a net loss of $5.36bn... 07.08.2008 http://marketpublishers.com/lists/3371/news.html China plans to give insurance firms more investment options, the industry watchdog said on Tuesday, as it disclosed that insurers still hold nearly 80 percent of their assets in bonds and bank deposits. Beijing has been cautiously allowing... 29.07.2008 http://marketpublishers.com/lists/3271/news.html European insurance stocks offer ``strong value'' after a decline in share prices and an increase in dividends, JPMorgan Chase & Co. said, reported The Bloomberg. ``The sector offers substantial value if it can hold its dividend and cash... 05.07.2008 http://marketpublishers.com/lists/3234/news.html China's insurers may pay 2 billion yuan ($290 million) in claims from the nation's most powerful earthquake since 1950, analysts say. That's less than 1 percent of their premium income in the first five months of 2008, reported The Bloomberg. ... 26.06.2008 http://marketpublishers.com/lists/3177/news.html American International Group (AIG), which has suffered record losses from the sub-prime crisis, has fired its chief executive Martin Sullivan, reported The BBC. The world's largest insurer named former Citigroup banker Robert Willumstad as... 16.06.2008 http://marketpublishers.com/lists/3150/news.html Willis Group Holdings Ltd., the world's third-largest insurance broker, plans to buy Hilb Rogal & Hobbs Co. of the U.S. for $1.7 billion to take on its two biggest rivals in their home market, reported The Bloomberg. Willis valued the... 09.06.2008 http://marketpublishers.com/lists/2871/news.html The world's biggest insurance market, Lloyd's of London, has posted a rise in 2007 profits, helped by fewer catastrophe claims, reported The BBC. Lloyd's said pre-tax profits rose to £3.85bn ($7.6bn) for the year, up from... 03.04.2008 http://marketpublishers.com/lists/2641/news.html The world's largest bond insurer, MBIA, has retained its top credit rating, a move which helped to boost US shares, reported The BBC. Standard & Poor's said it was no longer reviewing MBIA's rating after it sold assets and cancelled its... 26.02.2008 http://marketpublishers.com/lists/2467/news.html Major bond insurer, MBIA, has posted its biggest ever loss for a three month period, hit by its exposure to the US sub-prime mortgage crisis, reported The BBC. MBIA made a net loss of $2.3bn(£1.15bn) in the quarter ending 31 December.... 31.01.2008 http://marketpublishers.com/lists/2085/news.html Resolution, the UK insurer at the centre of a bitter takeover battle, has ditched its support for Standard Life's £4.9bn bid in its current form, reported The BBC. The firm said the structure of the offer meant it could not go through... 29.10.2007 http://marketpublishers.com/lists/1696/news.html Floods that may cost insurers over 3 billion pounds are likely to force up motor premiums by as much as 10 percent in the coming year, a leading actuarial firm says, reported The Reuters. Insurers have charged unsustainably low motor... 23.08.2007 http://marketpublishers.com/lists/1593/news.html Insurer Old Mutual (OML.L: Quote, Profile, Research) posted a 12 percent drop in first-half operating profit on Friday, missing forecasts as currency woes and the cost of changes to its U.S. mortality assumptions offset rising sales, reported The... 10.08.2007 http://marketpublishers.com/lists/1568/news.html Norwich Union owner Aviva says the recent bad weather across the UK has cost the insurance firm £400m, reported The BBC. The firm said the June floods and storms back in January had cost it £235m, while July's floods would... 09.08.2007 http://marketpublishers.com/lists/1560/news.html Royal & Sun Alliance Insurance Group (RSA.L: Quote, Profile, Research) posted first-half profits on Wednesday that were above market expectations and said its cost-cutting programme was ahead of schedule, reported The Reuters. Britain's... 08.08.2007 http://marketpublishers.com/lists/1551/news.html Swiss Reinsurance Co., the world's largest reinsurer, said second-quarter profit rose 45 percent after the purchase of a General Electric Co. unit boosted premiums, reported The Bloomberg. Net income advanced to 1.19 billion Swiss francs... 07.08.2007 http://marketpublishers.com/lists/1434/news.html Insurers including Allianz SE and Axa SA take a step closer today to earning a return on hundreds of millions of dollars invested in risk management systems as the European Union proposes to cut their capital requirements, reported The Bloomberg.... 10.07.2007 http://marketpublishers.com/lists/1347/news.html U.K. insurers may have to pay out more than 500 million pounds ($1 billion) for claims related to flooding this week in northeast and central England, according to Risk Management Solutions Inc., reported The Bloomberg. The flooding... 29.06.2007 http://marketpublishers.com/lists/1282/news.html According to a recent report released by Barnes Reports and entitled Worldwide Insurance Agencies & Brokerages Industry , profitability of insurance services grows at a steady pace. Large countries feature a profitability growth rate of... 22.06.2007 http://marketpublishers.com/lists/1281/news.html According to a report released by Barnes Reports and entitled Worldwide Health & Medical Insurance Carriers Industry , profits generated by the sales of health insurance policies in the above countries grow by 10-15% a year and this trend... 22.06.2007 http://marketpublishers.com/lists/1075/news.html SNS Reaal Groep NV, the Dutch financial- services company that sold shares to the public last year, agreed to buy Axa SA's insurance businesses in the Netherlands for 1.75 billion euros ($2.35 billion) to almost double its market share, reported... 04.06.2007