Archive for 'General Insurance'
“HDI Insurance” has registered increase in the authorized capital
3 January 2009insurance company “HDI Insurance” has registered increase in the authorized capital from UAH 10 million - up to UAH 28 million. About it is spoken in the message of the insurer.
According to the message, on December, 11th, the State commission of Ukraine under securities and the share market has given the certificate on registration of [...]
Fortis will not face block Netherlands’ actives
24 December 2008Ministry of Finance of Holland considers that the decision of the Bruxelles blocking accounts of insurance group Fortis till February, 12th, does not concern purchases by the of the actives which are in Netherlands this country.
In October, 2008, Netherlands government has bought bank Fortis Nederland, bank ABN Amro and insurance company Fortis Verzekeringen for 16,8 [...]
Dutch ING has declared about losses
17 November 2008In III quarter of 2008 Dutch financial group ING Groep N.V. has for the first time for the history declared about losses.
For the accounting period pure loss of the company has made 478 million euro in comparison with net profit at the rate of 2,3 billion euro year before.
The company explains deterioration of financial indicators [...]
AIG will receive more than $150 billion
11 November 2008The government of the USA has increased volume of assistance, given to the insurance company AIG, up to $150 billion and has lowered interest rates under the credits and has given it more time for sale of actives.
Support conditions allow the government to receive the greatest part of profit in case of growth of cost [...]
Islamic insurance market gets activated
6 November 2008The market of Islamic insurance (takaful) has grown on 64 % in Bahrain and on 46 % in the United Arab Emirates.
Despite global crisis Islamic insurance in the United Arab Emirates and Qatar gets activated. The average size of insurance awards per capita has exceeded up to 554,8 dollars.
Islamic insurance branch of the United Arab [...]
American insurers can become banks
4 November 2008It looks like, American insurance companies, including Lincoln National Corp., will try to become banks to acquire the right to the part of the means intended for financial sector, within the 250 billion dollars program.
Dennis R. Glass is president and chief operating officer of Lincoln Financial Group has declared that he considers possibility of transformation [...]
Netherlands will allocate 10 billion euro for ING rescue
21 October 2008The government of the Netherlands will allocate 10 billion euro to support banking-insurance group ING.
Allocation of 10 billion euro, approved by the Ministry of Finance of the Netherlands and the central bank of the country, becomes a part of the plan of the government on support of financial sector.
In the context of anti-recessionary measures it [...]
Aviva has created global business - Aviva Investors
6 October 2008Aviva, 5-th on size largest insurance company in the world, transforms its business on management of actives so that within the nearest years it would become investment structure of the world scale and would considerably increase the contribution to profit of the group.
Today Aviva Investors controls more than 235 billion pounds sterling (297 billion euro/469 [...]
AIG is not going to sell business in Kazakhstan
30 September 2008Largest American insurance company American International Group (AIG) does not plan to sell the business in Kazakhstan - AIG Kazakhstan.
As it has been mentioned in the AIG’s report, the American insurer officially informs, that business AIG in Kazakhstan is not on sale. The company is stable, successful and financial steady, reserving leading positions in many [...]
Munich Re is to get insurance business in the East Europe and Asia
24 September 2008German reinsurance company Munich Re pays attention to sharp changes in insurance and reinsurance branch, comparing situation in market with the period after acts of terrorism on September, 11th, in the USA.
As “Deutsche Welle” transfers, in 2009 Munich Re predicts 2% growth of tariffs on insurance and reinsurance services. Since this moment tariffs will only [...]
