Bloomberg Yuji Nakamura Shigeki Nozawa Anna Kitanaka Japan’s public pension funds sold domestic stocks in the three months through June, ending a five-quarter buying spree that saw them put 4.5 trillion yen ($37.3 billion) into the nation’s equity market. The funds offloaded 406.8 billion yen of local shares in the […]
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UK insurer Hastings eyes London listing with $278 mln share sale
Reuters UK insurer Hastings announced its intention to float on the London Stock Exchange on Tuesday, with a 180 million pound ($277.78 million) share sale aimed at accelerating its growth. The offer to institutional shareholders is expected to result in admission to London’s premier stock market in October, the company […]
Insurers will have to raise reserves to cover car crash claims – Central Bank
The average High Court personal injury award soared 34% last year, according to the courts service The average High Court personal injury award soared 34% last year, according to the courts service Insurers will have to set aside significantly more reserves to cover car-crash, workplace injuries and other claims as […]
Metropolitan Insurance gets acting CEO
Press Release We wish to inform you that the Chief Executive Officer of Metropolitan Insurance Company (MET), Kwame-Gazo Agbenyadzie has proceeded on statutory retirement. Kwame-Gazo’s services will be retained by the company in the form of consultancy agreement. In view of the above, Mrs. Lynda Odro, the current Chief Operations […]
Pat Utomi to speak at JBC retreat
Press Release The prestigious Jericho Businessmen Club (JBC) of illustrious and distinguished sons of Ibadanland will hold a special retreat on September 18th to 20th, at Bayse One Hotel, Jericho Road, GRA, Ibadan. The theme of the retreat is Human Capital Advantage For The Development Of Ibadanland. The retreat, which […]
Inspenonline unveils new portal
Inspenonline, Nigeria’s premier insurance and pension news online channel, in its determination to bring information close to the public, has unveiled a new portalA statement by the Managing Director Inspen Media, Chuks Udo Okonta, said the portal was designed to enhance public knowledge on pension, insurance and related matters.He […]
Insurers Challenged to Develop Products for Small Businesses
allAfrica By Peterson Tumwebaze At less than 3 per cent insurance penetration rate, Rwanda is one of the countries with the lowest insurance uptake levels in the region. Many stakeholders and pundits have always blamed this state of affairs on lack of awareness about the importance of insurance among the […]
How pension funds are invested – PenOp
Chuks Udo Okonta The Executive Secretary, Pension Fund Operators Association of Nigeria (PenOp), Susan Oranye, has identified safety; liquidity and returns as major considerations in investing pension funds. Oranye, disclosed this while reacting to the call in some quarters for injection of more pension funds in the capital market. She […]
Convicted Broward insurance scammers now conducting background checks
By Jose Lambiet jose@gossipextra.com A husband-and-wife team singled out by Broward County as notorious insurance scammers has found a new line of work. These days, Frank and Christine Falowski perform background screenings for South Florida job applicants in government, law enforcement, education and private companies dealing with elderly and child […]
Builders must now offer work insurance
Workers at a construction site in Ha Noi. Construction firms now have to purchase insurance for both projects and workers. — VNA/VNS Photo Vu Sinh HA NOI (VNS)— In a move to ensure workers’ safety and regulate construction related insurance mechanism, project owners and contractors undertaking construct-ion work would now […]
