News Tag: insurers
June 10, 2009
Insurance firms remain upbeat about the year ahead despite taking a battering from the credit crunch.
Over half (55%) of the world's leading insurers expect organic growth to improve over the next 12 months, whilst a similar number (53%) expect to grow through acquisitions.
International expansion is the favoured option for many companies, with the big emerging economies of Brazil, China, India and Russia ...
Insurers upbeat for year ahead
by David Masters
March 30, 2009
A survey conducted by the Confederation of British Industry (CBI) has revealed that banks and other financial institutions are expected to cut a further 15,000 jobs in the next three months.
According to the organisation, approximately 15,000 jobs have already been axed in the industry in the first quarter of this year, which will take the total to ...
CBI: Thousands of jobs to be axed in financial services
by Kay Murchie
February 26, 2009
Royal Sun Alliance (RSA), one of the UK’s largest insurers, has confirmed plans to shed 1,200 jobs in the UK by mid-2010.
The job losses comes in spite of the insurer announcing a 13% increase in pre-tax profits of £759 million for the full 2008 year.
RSA, who has raised its dividend by 10%, said it expects to continue ...
Royal & Sun Alliance and Standard Life announce job losses
by Kay Murchie
May 8, 2008
According to actuarial consultancy, Lane Clark and Peacock (LCP), some of the UK's largest employers are likely to offload their pension schemes during the next 12 months.
LCP said the number of companies offloading their pension schemes to insurers has escalated over the last 6 months and the trend looks set to continue.
The pension buyout market in 2008 will exceed £10 ...
Large employers set to offload pension schemes
by Kay Murchie
