Insurance News

Global fire fight on pub

08:09:54 | 27/06/2010 - Source: NEWS.com.au

TWO battling Black Saturday victims have been forced to take legal action against global insurance giant Lloyds of London to get a $280,000 payout.

Resolution is only for the wealthiest small investor

03:55:25 | 27/06/2010 - Source: Telegraph.co.uk

It's fair to say that Resolution brings a little bit of glamour to an industry best known for grey-suited number crunchers.

Vicaro hurls Sussex to victory

23:40:44 | 26/06/2010 - Source: Worcester Telegram & Gazette

Sussex's Mike Vicaro made his first appearance of the season last night. It's one the right-hander will remember for quite some time.

Caterpillar considers Spartanburg for new manufacturing facility

19:39:39 | 26/06/2010 - Source: GreenvilleOnline.com

Caterpillar Inc. said Friday it is considering Spartanburg for "a significant" manufacturing facility that would make unspecified components for the heavy-equipment maker.

Allianz Brings in New VP of Operations Controls

11:15:38 | 26/06/2010 - Source: TechWeb.com

The Hartford veteran Denise Settimi follows Andy Dulka's appointment earlier this year.

MS Frontier Re Chooses Sword Intech's Co+

07:01:05 | 26/06/2010 - Source: TechWeb.com

The Co+ policy administration platform will enable Ms Frontier Re to handle the full lifecycle of a global-based assumed reinsurance system.

Opponents Hammer at Oxendine On Ethics Probe

02:46:21 | 26/06/2010 - Source: WMAZ-TV Macon

Opponents of Republican John Oxendine are using an ethics probe involving insurance industry contributions to cast an ethical cloud over his campaign for governor.

Caterpillar Considers Winston-Salem For New Facility

22:25:42 | 25/06/2010 - Source: WFMY 2 Greensboro

Winston-Salem is on the short list of cities Caterpillar Inc. is consider to establish a new facility.

Aetna Withdraws Filing For California Rate Hike

18:11:08 | 25/06/2010 - Source: The Post Chronicle

Health insurer Aetna Inc has withdrawn its filing for rate increases in California after "substantial mathematical errors" were found, according to state regulators.

Suspect charged in Casa Tequila slayings has gang ties

14:01:34 | 25/06/2010 - Source: Middletown Journal

Police and prosecutors say man indicted in Fairfield case also is charged in Cincinnati and North Carolina homicides.

Aig Ceo, Chairman at odds over failed Aia deal - FT

09:47:01 | 25/06/2010 - Source: Reuters

American International Group's failed sale of its Asian life insurance unit AIA has led to increased tensions between Chief Executive Robert Benmosche and Chairman Harvey Golub, the Financial Times said, citing people close to the situation.

Weinstein Co. restructures debt by giving up 200 films to Goldman Sachs

01:32:42 | 25/06/2010 - Source: Lethbridge Herald

Independent movie studio The Weinstein Co. has restructured its debt by temporarily giving the rights to 200 movies and about US$233 million in receivables on those films to Goldman Sachs and its partner Assured Guaranty, according to a person familiar with the matter.

Warren Buffett raises stake in Tesco to 3 pct

21:18:11 | 24/06/2010 - Source: KXMA-TV Dickinson

Warren Buffett's investment company, Berkshire Hathaway Inc., has raised its stake in British grocer Tesco PLC to just above 3 percent.

AXA of France sells some UK units to Resolution in deal worth US$4.1 billion

17:03:24 | 24/06/2010 - Source: Amherst Daily News

British buyout fund Resolution Ltd. said Thursday that it has agreed to acquire a package of U.K. businesses from French insurer AXA SA in a deal worth 2.75 billion pounds or US$4.1 billion.

Friends Provident job fears as owner makes 75m cuts

12:53:54 | 24/06/2010 - Source: Guardian Unlimited

Buyout firm Resolution plans A 75m savings over four years in merger after A 2.75bn Axa takeover, with staff cuts and office relocations expected Press Association guardian.co.uk , As part of its A 2.75bn takeover of Axa, owner Resolution is planning to make A 75m cuts at Friends Provident, prompting fears over jobs and office relocations.