Archive for 'General Insurance'
Insurance group “Uralsib” will be sold to foreigners
4 May 2008Financial Corporation “Uralsib” searches for the insurance business buyer - insurance group “Uralsib” is to be sold out soon.
Insurance group “Uralsib” prepares for sale and offers have been sent to several potential investors - to the largest foreign insurers. Former top-manager of insurance block “Uralsib” has told about it today.
Swiss financial group Zurich Financial Services [...]
Chinese insurance companies invest $39 billion in the foreign share markets
20 April 2008Chinese insurance companies are ready to invest in foreign securities more than 300 billion yuans ($39,5 billion) after reception of the corresponding sanction from the government of the country. According to the new rules of investment for the insurance companies, which is to come into force on July, 25th, the limiting size of a share [...]
Insurance market has passed a boundary
11 April 2008Foreign brokers can work without representations
Yesterday the parliament has resolved insurance and reinsurance brokers-non-residents to render services, not opening representation in Ukraine, and only in writing notifying about the plans. Experts consider that new rules will considerably simplify work to the foreign companies and will allow Ukrainian insurers to enter easier international markets owing to [...]
Space risks insurance market (Part 2)
4 April 2008In September, 1984, in result of supernumerary work of a step «Centaur» of BR «Atlas-Centaur» “Intelsat F-9″ was lost. The sum of insurance compensation has made 102 billion dollars.
Thus, within 1984 three insured SVs were lost. Four SVs were lost in 1985 and three of them were insured. SV «Syncom IV-3» has not been put [...]
Space risks insurance market (Part 1)
31 March 2008Today space risks insurance Market is one of the most interesting and technically complex markets, from the point of view of an estimation of insurance risk and the organization of insurance, segments of the insurance market.
1. Historical retrospective
The industry of space risks insurance has been created in the middle of 60th years XX century, when [...]
Moody’s has declared credit rating downturn of the U.S. largest insurer
12 March 2008The situation in the world financial markets remains extremely intense, as there are no distinctness concerning the state of the American economy, and for the present time it is quite difficult to define it.
US Department of Commerce has informed about sharp reduction in a level of new housing construction in December, 2007, and the [...]
“Vympelcom” starts to insure cell phones
10 March 2008Russian operator of cellular communication “Vympelcom” (trade mark “Билайн”) starts to insure phones of the clients against damages and thefts. At present there are no successful examples of granting such services in Russia.
As the partner of “Vympelcom” in this project works insurance company ACE. At first, the service will be available only in Moscow and [...]
Risks under the shelter
7 March 2008Insurers remembered the last by growth of the real market by 35-40 percent. Growth of number of the Russians who have taken advantage of insurance services, for two years has made not less than 9 percent. In the period from 2005 till 2007 the share of the Russians, who use these or that services of [...]
The largest American insurer declared record losses
5 March 2008Net loss of American International Group (AIG) in the fourth quarter of 2007 have made 5,29 billion dollars, informs Reuters. For the similar period of 2006 the insurance company reported the profit at a rate of 3,44 billion dollars.
The declared losses are the biggest from the moment of primary distribution of shares 40 years ago. [...]
Russian tourists can remain without insurance payments
29 February 2008Russian tourists in the nearest future can face a serious problem. There is a risk, that in case of any problems during a trip, the insurance company can refuse to recover losses. And all because the Supreme Court has outlawed tickets for a group tours, which tourist agencies give the clients.
This story began last autumn, [...]
