Insurer Aviva PLC said Monday it rejected a £5 billion ($7.8 billion) cash offer from rival RSA Insurance Group PLC for some of its general insurance businesses because the deal wasn’t in the best interest of shareholders. Aviva, Britain’s leading …
If some crisp fall afternoon you happen to be walking along the Kentucky River and the faint sound of bagpipes wafts from the cemetery bluff, it could be Daniel Boone’s ghost calling you home. Or, Frankfort could be under siege …
Insurance buyers across Europe, the Middle East and Africa (EMEA) are reaping the cost benefits created by greater competition among insurers for their business and the added capacity generated by new entrants to the market, according to a report published …
Aon reported net income of $153 million in the second quarter 2010, compared to $149 million for the prior year quarter. Net income from continuing operations increased 22 percent to $179 million, compared to $147 million for the prior year …
The UK’s RSA Insurance Group plc announced the acquisition of 123 Money Limited (123.ie), which it described as “one of the leading and fastest growing direct distributors of personal lines insurance products in Ireland.” 123.ie offers Motor, Home and Pet …
Moody’s downgraded Ireland’s sovereign bond rating by one notch to Aa2 on Monday, citing weaker growth prospects and the high costs of rebuilding the country’s crisis-hit banking system. The rating agency, which cut Ireland from Aa1, said the outlook was …
Zurich Financial Services Group reported a $330 million increase in the loan loss provisions in its commercial property loan books in the UK and Ireland to be taken in the second quarter 2010. Zurich noted that during 2009 it had …
AXIS Global Accident & Health (AGAH), a division of AXIS Capital Holdings Limited, announced that it is now actively marketing its capability to write accident and specialty health reinsurance cover from Ireland and the UK. The expansion complements AXIS’ existing …
Marsh’s UK office announced senior appointments to its Scottish National Corporate business, which provides risk and insurance advice for mid to large size corporations. They follow Marsh’s acquisition of HSBC Insurance Brokers, completed on April first [See IJ web site …
ACE International has appointed Perrine Kalina to the new role of Engineering Coordinator and Assistant Underwriter to its Environmental Risk team. She will “provide underwriting support to ACE’s environmental teams in the UK and Ireland and Continental Europe,” said the …
