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National Insurance News

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05/30/2016 11:44 AM

A second Zurich Insurance executive has committed suicide - CNNMoney


CNNMoney

A second Zurich Insurance executive has committed suicide
CNNMoney
The company had been planning a large acquisition of the U.K. insurance firm RSA Group, but the deal was scuppered in September due to a "deterioration in the trading performance of Zurich's general insurance business," according to an RSA statement.
Former Zurich Insurance CEO Martin Senn Commits SuicideWall Street Journal
Swiss Investigate Apparent Suicide of Ex-Chief of Zurich InsuranceNew York Times
Former Zurich Insurance CEO Commits SuicideFortune
The Guardian -BBC News
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05/30/2016 02:39 PM

Martin Senn, Former CEO of Zurich Insurance, Commits Suicide - Bloomberg


Bloomberg

Martin Senn, Former CEO of Zurich Insurance, Commits Suicide
Bloomberg
Senn in December acknowledged “setbacks” in the months before his departure after higher-than-expected claims at the general-insurance unit forced the company to abandon a takeover bid for RSA Insurance Group Plc. The company later announced an ...

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05/30/2016 01:15 PM

Chinese bidders vie for ING Life in record South Korea insurance M&A: sources - Reuters


Malay Mail Online

Chinese bidders vie for ING Life in record South Korea insurance M&A: sources
Reuters
HK) have expressed initial interest in acquiring ING Life Insurance Korea in a sale that could fetch about $3 billion, two sources with direct knowledge of the deal said on Monday. Chinese interest in South Korea's fifth-largest life insurer ...
Chinese bidders vie for ING Life in record South Korea insurance M&A, say sourcesMalay Mail Online

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05/30/2016 12:02 PM

7 things you never knew car insurance covered - USA TODAY


USA TODAY

7 things you never knew car insurance covered
USA TODAY
When you imagine surprises involving your car insurance, visions of mishandled claims or rate increases may be the first things to spring to mind. But car insurance surprises can be good, too — and none is sweeter than learning you're covered for ...

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05/29/2016 11:26 PM

Tinder for insurance lets you insure your electronics by swiping right - Mashable


Mashable

Tinder for insurance lets you insure your electronics by swiping right
Mashable
An American startup is hoping to overhaul the stuffy insurance industry with a couple of swipes. On Monday, Trov launched its latest product in Australia: On-demand insurance for single items through its mobile app. Founded in 2012, the company's free ...
On-demand insurance Trov launches in Australia targeting Generation YThe Sydney Morning Herald
Single-item cover could revolutionise contents insurance - Yahoo7Yahoo7 News
​Trov partners with Suncorp Group to launch on-demand insuranceZDNet
NEWS.com.au -Lifehacker Australia -ITWeb
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05/30/2016 03:39 PM

Bakery only discovered €1.15m under-insurance after fire destroyed premises - Irish Independent


Irish Independent

Bakery only discovered €1.15m under-insurance after fire destroyed premises
Irish Independent
Among Mr Walsh's claims are that First Ireland failed to take due account of the fact that his firm was an expanding company and the policy should have allowed for an automatic increase of up to 33 per cent of the base sum insured, more suitable to the ...

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05/29/2016 11:11 PM

Enlist the insurance industry in the fight against climate change - The Seattle Times


The Seattle Times

Enlist the insurance industry in the fight against climate change
The Seattle Times
INSURANCE allows us to protect our property, our health and our loved ones from a wide range of risks. We trust insurers' ability to “do the math” regarding these risks and provide coverage at a reasonable price. However, climate change offers up a new ...

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05/30/2016 03:05 PM

Federal insurance fund protecting millions of pensions low on cash - NOLA.com


Federal insurance fund protecting millions of pensions low on cash
NOLA.com
After the Treasury Department rejected its Hail Mary proposal, which would have substantially cut benefits for some retirees, the Central States Pension Fund has little choice but to turn to a federal insurance program that is supposed to offer a ...

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05/30/2016 10:34 AM

Africa: Nigeria's Insurance Sector Hits Top 10 in Africa - AllAfrica.com


InvestmentNews

Africa: Nigeria's Insurance Sector Hits Top 10 in Africa
AllAfrica.com
Nigeria has emerged one of the top insurance markets in Africa, ranking third with overall premium income of N386 billion (over $1billion). The insurance market in the continent as dominated by South Africa continues to dominate the continent's ...
Life insurance helps with retirement planning, but beware of the pitfallsInvestmentNews
Term or Universal life insurance and the difference it makesThe Battlefords News-Optimist

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05/29/2016 07:02 PM

Private insurance can't heal all - The Hindu


Daily Maverick

Private insurance can't heal all
The Hindu
Between the potential catastrophes of big out-of-pocket costs for healthcare and the current weaknesses of the public healthcare system, the private insurance markets offer what looks like a way out. The idea is tempting: let people choose between ...
Health-E News: More pragmatism needed to make National Health Insurance a realityDaily Maverick

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International Insurance News

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05/30/2016 12:12 PM

AIG: Nice Rebound, On To The $60s - Seeking Alpha


Seeking Alpha

AIG: Nice Rebound, On To The $60s
Seeking Alpha
Insurance company American International Group, Inc. (NYSE:AIG) has sold for a steep discount to accounting book value for years, and, in fact, AIG has not managed to trade back up to accounting book value ever since the company regained its freedom ...
Breithorn Capital Management Lowers stake in American International Group Inc (AIG)Market Digest

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05/19/2016 04:28 PM

AIG: Don't Be Fooled, Icahn Doubling Down On This Insurance Company Is A Big Deal - Seeking Alpha


AIG: Don't Be Fooled, Icahn Doubling Down On This Insurance Company Is A Big Deal
Seeking Alpha
Billionaire investor and AIG shareholder Carl Icahn recently increased his stake in the insurance company, adding to his clout and growing his influence on AIG's Board of Directors. American International Group is going to return $25 billion in cash to ...

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05/26/2016 07:18 AM

Activa International Insurance supports SWAG for 4 years - Myjoyonline.com


Myjoyonline.com

Activa International Insurance supports SWAG for 4 years
Myjoyonline.com
Activa International Insurance Company, has presented a cheque for GH¢30,000 as a sponsorship support to the Sports Writers Association of Ghana (SWAG) towards the smooth organization of this year's SWAG Awards Night slated for Saturday, June 4, ...
Activa Gives Towards MTN SWAG Awards NightNews Ghana

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05/30/2016 10:04 AM

Former Zurich Insurance CEO Martin Senn Kills Himself - ABC News


Former Zurich Insurance CEO Martin Senn Kills Himself
ABC News
Switzerland's Zurich Insurance Group says former chief executive Martin Senn, who ran the company for six years until last December, has killed himself. The incident comes three years after the company's then-chief financial officer also killed himself.

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05/23/2016 07:55 AM

Anadolu Insurance Company Signs a Multi-Million Dollar Agreement with Sapiens, Expanding Their Strategic ... - PR Newswire (press release)


Anadolu Insurance Company Signs a Multi-Million Dollar Agreement with Sapiens, Expanding Their Strategic ...
PR Newswire (press release)
Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, with a growing presence in the financial services sector, announced today that Anadolu Insurance Company (Anadolu), ...
Sapiens Expands Strategic Alliance with Anadolu Insurance Company (NASDAQ:SPNS)Sonoran Weekly Review

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05/24/2016 08:30 PM

China's Leading Insurance Company Ping An Joins R3 Blockchain Consortium - newsBTC


newsBTC

China's Leading Insurance Company Ping An Joins R3 Blockchain Consortium
newsBTC
The blockchain consortium of international banking institutions now has a new member in the form of Ping An Financial Services Group. By announcing its inclusion into the consortium, Ping An has become the first financial institution from China to ...
China's Ping An Joins Global Blockchain Consortium, Led by Fintech Firm R3Insurance Journal

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05/30/2016 11:00 AM

Allianz Global Assistance and PassportCard to launch an innovative program designed to revolutionize travel ... - PR Newswire (press release)


Allianz Global Assistance and PassportCard to launch an innovative program designed to revolutionize travel ...
PR Newswire (press release)
Associated travel insurance policies are underwritten by CUMIS General Insurance Company, a member of The Co-operators group of companies. During the limited program launch phase, PassportCard will be offered with select products on a limited basis.

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04/30/2016 10:23 PM

Insurer gets gong for bad behaviour - Radio New Zealand


Radio New Zealand

Insurer gets gong for bad behaviour
Radio New Zealand
The insurance company said it was disappointed to have been named New Zealand's worst transnational corporation. IAG's head of corporate affairs, Craig Dowling, said the award showed a tragic lack of understanding of earthquake issues, and the ...

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05/30/2016 12:59 PM

David cameron's eu campaign 'corrupt', says insurer hiscox's former chairman - Daily Mail


Daily Mail

David cameron's eu campaign 'corrupt', says insurer hiscox's former chairman
Daily Mail
Mr Hiscox added that the insurance company, currently head-quartered in Bermuda for "tax and regulatory purposes", may move its base back to the UK if Britain votes to leave. "We decided to move our HQ to Bermuda in 2002 because of the tax and ...

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05/30/2016 03:58 PM

After Last Week What Do Analysts Think Of Old Republic International Corporation (NYSE:ORI) - Share Trading News


After Last Week What Do Analysts Think Of Old Republic International Corporation (NYSE:ORI)
Share Trading News
Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through various regulated insurance company subsidiaries, which are ...

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