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17th of March 2011
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News Tag: insurers

March 14, 2011

Global stocks hit by Japanese disasters

by Kay Murchie
Global stocks hit by Japanese disasters
The Japanese Government has spoken of the 8.9 magnitude earthquake and the 13-foot tsunami which hit the northeast coast of Japan last week. Prime Minister, Naoto Kan, described it as the worst crisis since the Second World War. The disasters are set to cause "considerable" economic impact as the country faces a massive clean-up operation, a potential nuclear meltdown and power shortages - ...




March 11, 2011

Asian stocks and yen down after quake

by Kay Murchie
Asian stocks and yen down after quake
Asian shares and the yen have dropped after a 8.9 magnitude earthquake hit Japan. The earthquake hit the northeast coast of Japan, followed by a 13-foot tsunami wave sending shares tumbling. Shares had already lost ground following weak economic data and the Middle East turmoil. Japan’s Nikkei index was 1.7% lower, but Nikkei futures lost 3% in after-hours trading in Singapore as the ...




June 10, 2009

Insurers upbeat for year ahead

by David Masters
”Insurers
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 ...




March 30, 2009

CBI: Thousands of jobs to be axed in financial services

by Kay Murchie
”CBI:
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 ...




February 26, 2009

Royal & Sun Alliance and Standard Life announce job losses

by Kay Murchie
”Royal
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 ...




May 8, 2008

Large employers set to offload pension schemes

by Kay Murchie
Large employers set to offload pension schemes
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 ...