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in bidding war with Axa over HSBC's asset
is believed to have joined Axa SA Europes second-biggest insurer and Zurich-based Ace in a US1 billion 960 million bidding war for HSBCs non-life insurance operations. Sources close to the rumoured deal told Bloomberg that Axa and Ace were in ...
's US business under investigation
Insurance shares are in a trading halt after reports its United States business is being investigated by regulators. New Yorks Department of Financial Services reportedly is investigating banks and insurance companies over allegations theyve made ...
gives programs for young a boost
THE Border Trust has been awarded a 10000 grant from the Foundation edging it closer to its goal of raising 100000 by June. The money will be divided between the Flying Fruit Circus indigenous circus program and a back-to-school program run by the ...
Insurance giant prepares for first-ever European legal panel
It comes almost a year after the insurer unveiled a reduced insurance claims panel cutting the number of firms it uses from 24 to 18. Head of legal Esther Felton said it had been two years since the insurer set up its first official non-claims panel and ...
Prognosis critical for
The clock has been ticking for the past few years for change at at both executive and board levels. Photo Getty Images AFTER suffering from their worst year of catastrophes ever general insurance companies will do it tough again this year ...
Insurers hit but US to give bourse a lift
Local insurers such as IAG and Suncorp have been hit hard by wild weather events and natural disasters. Last month revealed that its 2011 profit would be slashed by 40-50 per cent. Suncorp IAG and Wesfarmers insurance arm also succumbed to ...
Best Sees No Ratings Change for Despite Lowered Profit Estimates
A.M. Best Europe Rating Services Limited has commented that the ratings of Australias Insurance Group Limitedand its main insurance subsidiaries are unchanged following the market update issued by on January 12 2012 in which ...
in new office move to enable expansion plans
BUSINESS insurer is looking to grow its Scottish operation by 50 after moving to larger offices. The company has relocated from Blythswood Square in Glasgow to St Vincent Street as it looks to add to its 25 staff in Scotland. The multi-national ...
Natural disasters hit profits
A record year for natural disasters has caused insurance giant to issue the years first major profit downgrade sending its shares to a near eight-year low. s sizeable exposure to floods in Thailand was a major factor in the surprise downgrade ...