Tag: Insurance

LONDON: Aviva Plc has sold its remaining Italian Life and General Insurance businesses (Aviva Italy) for €873 million in cash. This values the businesses at...

SYDNEY: PSC Insurance Group Limited has entered into agreements to acquire two UK based commercial (SME) broking businesses including Trust Insurance Services for a base...

AUCKLAND: Tower Limited has agreed to pay $14 million in cash to ANZ to acquire and assume ANZ’s rights and obligations relating to servicing a...

nib Group (nib, formerly Newcastle Industrial Benefits) is an Australian health care fund. It was established in the NSW Hunter Region in 1952 to provide...

Beazley PLC (LSE: BEZ) is the parent company of specialist insurance businesses with operations in Europe, the US, Asia, and the Middle East. Beazley manages...

Admiral Group plc is a financial services company headquartered in Cardiff, Wales. Listed on the London Stock Exchange, it is a constituent of the FTSE...

OLDWICK: As more of Fannie Mae and Freddie Mac’s mortgage risks continue to make their way to the reinsurance market, AM Best has published tables...

HONG KONG: High common stock leverage among each of Japan’s major non-life insurers brings systematic equity price risk into greater consideration, given the current COVID-19-driven...

OLDWICK: According to insurance sector rating agency AM Best, the U.S. life/annuity (L/A) insurance companies continued to increase their exposures to commercial mortgage loans in...

OLDWICK: Insurance sector rating agency, AM Best has upgraded the Long-Term Issuer Credit Rating to “bbb+” from “bbb” and affirmed the Financial Strength Rating of...

OLDWICK: Global rating agenct AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-”...

SYDNEY: Kiwi insurer, Tower, has confirmed that it will be refunding customers $7.2m, due to the lower cost of car claims during the COVID-19 lockdown...