BY ROBERT LAING OLD Mutual will retain “an appropriate strategic minority stake” in Nedbank after distributing “a significant proportion” of the bank’s shares to its shareholders, CEO Bruce Hemphill said at the insurance group’s annual general meeting on Tuesday. The group is in the process of stripping itself down to […]
Insurance
Sovereign Trust Insurance promotes youth mentorship
Leave a comment and share Chuks Udo Okonta Sovereign Trust Insurance Plc has extended its Corporate Social Responsibility (CSR) initiative to a Lagos-based Non-Governmental Organisation , Teenage Life on partnership aimed at strengthening youth development in the country. The Coordinator of Teenage Life, Mrs. Jessica John Braimah, commended the commitment […]
Insurance shares hit after Brexit vote
Marion Dakers, Financial services editor Shares in London-listed insurance firms have taken another tumble today as analysts try to judge the damage that Brexit could inflict on their customer base and investment portfolios. Insurance firms, while suffering less than the British banks in the aftermath of the referendum, are exposed […]
China’s biggest online marketplace is selling ‘breakup insurance’ for Taylor Swift’s love life
By Alicia Tan When it comes to Tay-Tay’s love life, one day you’re in and the next you’re out, so you can never be too sure. Cashing in on Taylor Swift’s latest unconfirmed relationship with actor Tom Hiddleston are several Taobao retailers who have started to sell “insurance” to the […]
President Buhari, Fashola, Emefiele to grace insurance mega confab
From left: Assistant Executive Secretary of the Nigerian Council of Registered Insurance Brokers, Tope Adaramola; Managing Director WAPIC Insurance Plc, Mrs Yinka Adekoya and Chief Executive Officer, Axa Mansard Insurance Plc, Mrs Yetunde Ilori at the event. Leave a comment and share Chuks Udo Okonta President Mohammadu Buhari is expected […]
U.K. Insurers Reel as Brexit Threatens $2.6 Trillion of Assets
Aviva, Legal & General Shares tumble in London trading Pension deficit widens to $1.2 trillion as bond yields drop Sarah Jones British insurers have been left reeling after the country’s surprise decision to exit the European Union jeopardized the value of at least $2.6 trillion of their investments. Aviva Plc […]
A.M. Best: Rating Actions Not Anticipated in Near Term Following UK’s Vote to Leave the EU
A.M. Best does not expect to take rating actions in the near term as a direct consequence of the decision by United Kingdom (UK) voters to leave the European Union (EU). In a referendum held on 23 June 2016, 51.9% voted to relinquish EU membership. The implications for the […]
Lloyd’s will stay ‘at centre’ of global insurance market despite Brexit
Lloyd’s chairman says market ‘fully equipped’ to operate in the new environment LLOYD’S chairman John Nelson has moved to allay fears about the impact of the UK’s vote to leave the EU on the Lloyd’s market. Mr Nelson said: “Lloyd’s has a well prepared contingency plan in place and Lloyd’s […]
Insurance sector hit hard by Brexit vote
Oliver Ralph, Insurance Correspondent Shares across the insurance sector fell heavily in the wake of Britain voting to leave the EU, with many in the industry concerned about the impact of the referendum result on Lloyd’s, London’s insurance market. One of the big attractions to insurers of operating via Lloyd’s […]
MOVES-AXA IM appoints UK head of insurance solutions
AXA Investment Managers, the asset management unit of AXA SA, appointed Chris Price UK head of insurance solutions. Price joins from Deutsche Bank, where he was director of insurance asset management and head of industry solutions in the UK. He will be based in London and report to Mathilde Sauvé, […]
