insurance business
Reliance Anil Dhirubhai Group : listing of Reliance Life as a separate company
The Reliance Anil Dhirubhai Group said it was looking closely in listing its insurance business on stock markets apart from entering the commercial banking...
Royal Bank of Scotland Insurance is to close offices and cut staff
The company is set to close 14 of its 27 offices by 2013. The places earmarked for closure include the Direct Line call centre...
Insurer Prudential says profits soar, despite failed AIA bid
British insurance giant Prudential said on Thursday that profits jumped 41 percent in the first half, and cut the cost of its failed takeover...
Broker survey: Sterling Insurance receives excellent review in 2010
Sterling Insurance has today announced final results from its annual online broker survey that demonstrates recognition of the superior claims service offering and, in...
Brokers: Allianz reports quoteSME success
Following the launch of its integrated online SME trading platform, ‘QuoteSME’, late last year, Allianz Commercial is hailing the system’s success.
Half-year figures reveal...
India: Insurance licence for engineer giant Larsen & Toubro
L&T General Insurance Company Limited, the general insurance arm of the $9.8 billion...
Maiden Holdings announces agreement to acquire GMAC International Insurance Services
Maiden Holdings, Ltd today announced that it has entered into a definitive agreement to acquire the majority of the reinsurance-related infrastructure, assets and liabilities...
Belgian bank KBC sells units to Japanese, Australian firms
Belgian bank KBC has sold bond and derivatives trading businesses to Japanese firm Daiwa Capital Markets for one billion dollars (800 million euros), the...
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
While the extension could help AIG and its buyers address concerns from Taiwanese regulators, the longer the transaction is stretched out the less likely...
Belgium’s KBC sells unit to India’s Hinduja group
Belgian lender KBC said Friday it has sold its Luxembourg private bank unit to India's Hinduja group for 1.35 billion euros (1.7 billion dollars)...
Insurer Zurich posts 76 percent profit jump in first quarter
Swiss insurer Zurich Financial Services on Thursday said its first quarter net profits soared 76 percent to 935 million dollars (729 million euros), despite...
HSB launches green equipment breakdown product
Leading engineering specialist insurer HSB Engineering Insurance Limited has launched an equipment breakdown product which addresses the green issues faced by businesses, helping them...
Steady growth of Saudi insurance sector prompts Chedid Re to set up operations in Kingdom
Chedid Re, one of the leading reinsurance brokers in the MENA region, has announced that it has established a new subsidiary in the Kingdom...
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...
Tony Blair helps Zurich Financial Services for £2 million
According to the Sunday Times, Tony Blair has provided some further details of his extensive business interests during an interview in which he described...
RSA Insurance’s revenue rises 4 percent with net written premiums of £5 billion
RSA Insurance Group Plc, the U.K.’s biggest non-life insurer, said nine-month revenue rose 4 percent on higher sales in Canada and Scandinavia.
Net written premiums...
Summary of Munich RE’s figures for the first nine months
The Group recorded a good operating result of €3,318m (2,654m) for the period from January to September, €1,211m of this in the third quarter....
Zurich Financial’s net profits down 24 percent over nine months
Swiss insurer Zurich Financial Services said Thursday its net profit fell 24 percent, slightly lower than expected, over the past nine months to 2.2...
Munich RE reports €1.8 billion profit for the first nine months of 2009
The world's biggest re-insurance group, Munich Re, said Thursday it aimed for a full-year net profit of between 2.2-2.5 billion euros (3.3-3.7 billion dollars)...
Moody’s downgrades ING insurance on corporate split
International ratings agency Moody's said on Wednesday it had downgraded ratings on the insurance business that Dutch group ING intends to split off under...
