Thu, 21 May, 2020
Shares in insurers jumped in markets from Europe to Florida amid signs that predictions about Hurricane Irma’s damage were excessively dire.
Tue, 12 Sep, 2017
A ‘fourth industrial revolution’ is on the way that could lead to millions of job losses in Europe and the developing world, writes Kyran Fitzgerald
Mon, 30 May, 2016
The construction of mangrove barriers and other preventative measures can save vast amounts of money in rebuilding costs, writes Maria Damanaki
Fri, 27 May, 2016
Thu, 26 Nov, 2015
International insurance giant AIG has confirmed its continued investment in the Irish market via the acquisition of the country’s second largest health insurer, Laya Healthcare.
Thu, 22 Jan, 2015
Health insurance provider, Laya Healthcare, has confirmed the sale of 100% of its shares to international insurance organisation, AIG.
Wed, 21 Jan, 2015
Pre-tax profits at the country’s second largest health insurer, Laya Healthcare, last year increased by 5% to €5.25m.
Tue, 09 Dec, 2014
The joint administrators of Quinn Insurance Limited (QIL) want the High Court to approve the transfer of 5,000 health policies to a subsidiary of one of the world’s biggest insurance providers Swiss Re.
Sat, 23 Aug, 2014
Famous London skyscraper the Gherkin has been placed into receivership in a move aimed at removing uncertainty over its ownership.
Thu, 24 Apr, 2014
The country’s second largest health insurer, Laya Healthcare, last year returned to profit to record pre-tax profits of €4.99m.
Fri, 29 Nov, 2013
The country’s second largest health insurer last year went into the red after a drop in revenues.
Wed, 14 Nov, 2012
US petrol and heating oil futures gained and US treasuries also rose yesterday, as economic worries over Hurricane Sandy fuelled safe-haven buying in thin trading volume as the powerful storm began to batter the US east coast.
Tue, 30 Oct, 2012
Laya Healthcare is targeting expansion abroad as an insurance services company, according to managing director Dónal Clancy.
Wed, 12 Sep, 2012
Introducing a universal system of health insurance without input from private health insurers will be difficult, newly rebranded Laya Healthcare has warned.
Tue, 15 May, 2012
Natural disasters such as Japan’s earthquake and floods in Australia and Thailand cost the global economy a record $370bn (€281bn) in 2011, with losses for the insurance industry the second largest ever, Swiss Re said yesterday.
Thu, 29 Mar, 2012
THE future of over 330 jobs at the country’s second-biggest health insurance firm has been secured following a senior management-led buyout.
Sat, 24 Dec, 2011
Health insurer Quinn Healthcare has been sold following a bid by senior management with Swiss Re as underwriter, it was announced today.
Fri, 23 Dec, 2011
Insurance tycoon Clive Cowdery, whose recent acquisitions have included Friends Provident and parts of Axa UK, has failed with an attempt to land the UK’s biggest owner of “zombie” insurance funds.
Sun, 20 Nov, 2011
MAN-MADE and natural disasters generated worldwide economic losses of $222 billion (€170bn) in 2010, more than three times last year’s figure, the world’s biggest reinsurer, Swiss Re, said.
Wed, 01 Dec, 2010
Northern Rock’s chief financial officer Ann Godbehere today announced her decision to step down as the bank approached its year anniversary under public ownership.
Fri, 09 Jan, 2009
A division of Barclays which pays pensions to more than 70,000 policyholders a month is to be sold in a deal worth £753m (€950m), it was announced today.
Tue, 05 Aug, 2008
A division of Barclays which pays pensions to more than 70,000 policyholders a month was today said to be the subject of takeover interest.
Sun, 27 Jul, 2008
Hefty falls in the banking and insurance sectors wiped another 1% off the London market today to close a volatile week for UK blue chips.
Fri, 04 Jul, 2008
London’s FTSE 100 Index fell nearly 1% today as fresh fears surfaced over the banking sector and weak metals prices held back miners.
Beleaguered Northern Rock led the London market into the red today after would-be rescuers came forward with cut-price salvage plans.
Mon, 19 Nov, 2007
Standard Life shares staged a relief rally today on news of its withdrawal from the bidding battle for closed life insurance firm Resolution.
Mon, 12 Nov, 2007
Standard Life’s £4.9bn (€7bn) bid to land insurer Resolution was dealt a major blow today after the firm’s largest shareholder stepped in with a higher offer on a dramatic day in the City.
Fri, 26 Oct, 2007
British insurance group Standard Life confirmed today it is looking at gatecrashing the £8bn (€11.4bn) merger of Resolution and Friends Provident.
Wed, 19 Sep, 2007
Iconic London building the Gherkin was today sold for a record £600m (€908.3m) in a deal thought to be the most ever paid for an office property in Britain.
Mon, 05 Feb, 2007
FRENCH insurance giant AXA is considering a £7 billion (€10.4 billion) bid for British insurer Standard Life, according to weekend reports.
Mon, 30 Oct, 2006
A joint £8bn (€11.9bn) bid has been made for Scottish Widows, the life insurance arm of Lloyds TSB, it was reported today.
Sun, 15 Oct, 2006
The Swiss owner of the iconic Gherkin tower in London today said it would axe up to 2,000 jobs by the end of next year.
Tue, 11 Jul, 2006
Resolution Life is planning the biggest rights issue in the City for four years to finance the £3.5bn (€5.1bn) purchase of Abbey National’s life insurance business, it was reported today.
Sun, 04 Jun, 2006
Insurance group Zurich Financial Services today estimated claims following Hurricane Katrina would cost it in the region of £342m (€506m).
Tue, 04 Oct, 2005
Hurricane Katrina was today estimated to have inflicted losses of up to £2m (€37m) on insurance giant Royal & Sun Alliance.
Tue, 06 Sep, 2005
ACCORDING to officials production of petrol in the US has fallen to a tenth of its usual rate following the devastation caused by Hurricane Katrina, prompting the price of crude oil to soar on the international market as the US government prepares to dip into its strategic reserves (normally only used in times of war) to ease the crisis.
Sat, 03 Sep, 2005
The FTSE 100 Index hit a fresh 30-month high today as it chalked up gains for the seventh consecutive session.
Thu, 30 Dec, 2004
The FTSE 100 Index looked on course to hit another 30-month high today as it chalked up gains for the seventh consecutive session.
British insurers and holiday firms were today counting the cost of the tsunami that brought death and devastation to Asia.
Wed, 29 Dec, 2004
NATURAL and manmade disasters this year claimed more than 21,000 lives worldwide and economic losses of €81 billion, Swiss Reinsurance said today.
Fri, 17 Dec, 2004
Natural and manmade disasters this year claimed more than 21,000 lives worldwide and economic losses of €78.8bn, Swiss Reinsurance said today.
Thu, 16 Dec, 2004
The world’s second-largest reinsurer Swiss Reinsurance, has said its capital is strong enough to maintain its financial strength in the event of a disaster that occurs once in 100 years.
Wed, 24 Nov, 2004
A top insurance executive was stunned after a night at a New York strip club left him with a €23,800 bill.
Thu, 20 May, 2004
THE year 2003, marked by a sweltering summer and drought across huge swaths of the planet, was the third hottest in more than 150 years, the UN weather agency said yesterday.
Wed, 17 Dec, 2003
Europe’s stock rally may stall next week over concerns about insurers’ cash holdings, while investors remain on high alert as war in Iraq progresses.
Mon, 24 Mar, 2003
Major natural and man-made catastrophes have cost the globe more than £80bn so far this year, largely because of the attacks on the World Trade Centre and the Pentagon, a major insurer said Thursday.
Thu, 20 Dec, 2001
A British company responsible for 22% of the £2.3bn insurance covering the World Trade Centre has gone to court.
Tue, 23 Oct, 2001
Germany’s stock market regulator is investigating claims of suspicious short-selling ahead of the terrorist attacks in New York and Washington last week but said it was too early to say what shares might be involved.
Mon, 17 Sep, 2001
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