World news about “Insurance market” published by euronews.
British insurer Aviva cuts 2,000 jobs Aviva has confirmed it will cut as many as 2,000 jobs worldwide over the next six months – six percent of its workforce. It is the latest cost reduction… 18/04/2013
Prudential fined over AIA deal Britain’s largest insurance company, Prudential, has been fined the equivalent of 35 million euros over its failed attempt to buy Asian rival AIA three years… 27/03/2013
Lloyds PPI mis-selling bill rises Britain’s biggest high-street bank Lloyds says it has set aside the equivalent of another 1.75 billion euros to compensate customers who were wrongly sold… 01/03/2013
Generali bets on the east Italy’s biggest insurer Generali has ended the uncertainty over its strategy in Eastern Europe. It has decided to take full control of GPH, the… 08/01/2013
HSBC sells Chinese insurer stake HSBC is selling its stake in China’s Ping An Insurance for 7.2 billion euros. The buyer is CP group, a conglomerate controlled by Thailand’s richest man… 05/12/2012
Break-ING up is not so hard to do The European Commission has agreed to make the separation of ING’s banking and insurance activities a little easier. The Dutch group has been given more… 19/11/2012
ING looks to selling Asian insurance unit Dutch bank and insurer ING is likely to sell its Asian insurance division in several separate deals to get the best price. Reportedly the offers there have… 08/08/2012
Car insurance cover across European borders Nicolas from Brussels asks: “I plan to take my family to southern Italy this summer. Will my Belgian car insurance cover expenses if we have an accident on… 22/06/2012
Lloyd’s insurers ready for euro collapse The Lloyd’s of London insurance market has reduced its exposure “as much as possible” to the eurozone in case the bloc’s currency collapses. That revelation… 28/05/2012
Shareholder Spring shakes Aviva Aviva, Britain’s second biggest insurance company, is the latest to be shaken up by the so-called Shareholder Spring. Andrew Moss, its chief executive since… 08/05/2012
HSBC quits the insurance game HSBC is selling its insurance businesses to France’s AXA and Australia’s QBE. The price is the equivalent of 696 million euros in cash. It is the latest… 07/03/2012
Disasters slam Lloyd’s of London’s profits Lloyd’s of London’s profits have been swallowed up and washed away by an unprecedented series of natural disasters. The insurance market’s first-half loss… 21/09/2011
US counts material cost of Irene For the insurance industry this year has already been the most expensive for natural disasters in the history of the world, mostly because of the costs of the… 29/08/2011
Aviva selling RAC to Carlyle Group British insurer Aviva is selling its RAC roadside rescue business to the private equity firm Carlyle Group for the equivalent of 1.12 billion euros to make an… 23/06/2011
AIG proves poor investment for US government The US Treasury has made a small profit on the sale of a portion of its shares in insurer American International Group. It is slowly reducing its holding… 25/05/2011
UK banks to compensate loan insurance customers British banks have given up their legal battle to avoid paying compensation to customers mis-sold payment protection on their loans. Last month a court ruled… 09/05/2011
Counting the cost of Japan’s disasters With the scale of Japan’s destructive earthquake and tsunami becoming more apparent insurers have begun their calculations. Although many of the worst hit… 22/03/2011
Insurance rules gender-based premiums out The European Court of Justice has ruled that insurers cannot charge different premiums to men and women because of their gender. The decision is likely to hit… 01/03/2011
French health insurer to sue PIP’s bossFrance’s national health insurance agency says it is to sue the boss of breast implant maker PIP, Jean-Claude Mas. The French health minister says he must… 25/12/2011
Bill for UK riot damage tops 113 million eurosThe latest estimate has put the bill for the damage in the UK at 100 million pounds – that is 113 million euros. Insurers face paying out a fortune for… 10/08/2011
UK police ‘make money out of car crashes’It’s been revealed that the police in Britain are profiting from car accidents by openly charging garages and breakdown companies in exchange for… 28/06/2011
EU court bans gender linked insurance policiesThe European Court of Justice has ruled there should be no more sex discrimination in insurance policies. It said insurance companies cannot take gender… 01/03/2011
Sex equality ruling ‘may make us all worse off’Insurance companies have been quick to criticise a ruling by the European Court of Justice (ECJ) that will mean they will no longer be able to offer different… 01/03/2011
AXA writedown hits BNP profitsFourth-quarter net profit at BNP Paribas came in below expectations at 1.55 billion euros, a 13.6 percent increase on the same period a year earlier… 17/02/2011
Tough talk on bank failuresThe world’s top bankers are gathered at Euro Finance Week in Frankfurt this week where they have been hearing tough talk about letting financial institutions… 15/11/2010
Santander buying SEB’s German branchesSpain’s largest lender Santander is buying Sweden’s SEB retail banking division in Germany for 555 million euros. Chairman Emilio Botin said: “This is a… 12/07/2010
AXA to sell UK arm to ResolutionLondon based Investment firm Resolution is to buy French company AXA’s life insurance and pensions divisions in Britain for 3.3 billion euros. The AXA deal… 24/06/2010
Prudential AIA deal offBritain’s Prudential has given up on an attempt to buy American International Group’s Asian life insurance unit AIA. That followed shareholder anger over… 02/06/2010
AIG rejects lower Pru offerAmerican International Group has flatly rejected an attempt by British insurer Prudential to cut the price its prepared to pay for AIG’s Asian life insurance… 01/06/2010
Pru trying to cut AIA priceBritish insurer Prudential has confirmed it is trying to cut the amount it has agreed to pay for AIA the Asian division of American Insurance Group. Some… 28/05/2010
Markets give Pru takeover thumbs downThe UK’s biggest insurer the Prudential has launched its massive rights offer worth 17 billion euros to finance its purchase of AIG’s Asian operations. The… 17/05/2010
Prudential ‘plans AIA assets sell off’British insurer Prudential is reportedly to tell investors that it will sell off assets in Australia, New Zealand, South Korea and Taiwan following its twenty… 14/05/2010
Insurers calculate Chile lossesLast month’s huge earthquake in Chile might cost the insurance industry up to five billion euros in damage claims. That is the estimate of the world’s top… 10/03/2010
Fortis back in the blackBelgium-based insurance group Fortis said it returned to profit last year. As a result it resumed paying a dividend to shareholders. Net profit was… 10/03/2010
AXA predicts improve profitEurope’s second-biggest insurer, AXA, has said it expects improved profitability from price increases and new products this year. Its net earnings for 2009… 18/02/2010
Dutch financial services group INGDutch financial services group ING has announced that it will divide itself into separate companies, splitting its banking and insurance businesses. Once… 26/10/2009
Swiss Life plans job and cost cutsSwiss Life, Switzerland’s largest life insurer, has posted first-half profits that were better than expected but said it will cut costs and reduce its… 26/08/2009
Allianz profit disappointsEurope’s biggest insurance company, Allianz disappointed investors as its property and casualty insurance business came in below expectations during the… 07/08/2009
Munich Re confidentThe world’s biggest reinsurer, Germany’s Munich Re has said it expects only a small hit from the economic crisis as it posted better than expected earnings in… 04/08/2009
AIG raising money on AIAUS Insurer American International Group is to sell shares in its Asian life insurance division AIA. The money raised will be used to repay some of the… 18/05/2009
Bailed out insurer AIG hit by claw-backThe struggling US insurance giant AIG will have to return bonuses paid out after public money was poured in to save the company. AIG, once the world’s… 18/03/2009
Ailing AIG to get more government helpToo big to be allowed to fail, the ailing insurer American International Group is to get more US government bailout money even though it has reported a loss… 02/03/2009
AIG may ask for more bailout moneyAmerican International Group – which was twice rescued last year by the US government – is reportedly in talks about getting more aid. Details could be… 24/02/2009
