News Home

Sign In
New User? Sign Up

News Home -
Help

Navigation

Primary Navigation

Secondary Navigation

Your Money

Search

Your Money News

European insurers flag tough market in 2008

Reuters - Thursday, May 8 04:06 pm

LONDON (Reuters) - European insurers Munich Re, Old Mutual, Royal & Sun Alliance and Generali warned on Thursday that market conditions would be tough this year, due to rising competition and turbulent financial markets. More »

Pension buyouts could hit 10 billion
Reuters - Thursday, May 8 08:33 am
LONDON (Reuters) - The value of pension buyout deals could hit 10 billion pounds in 2008, a three-fold increase on last year, a report by pensions advisory firm Lane Clarke & Peacock (LCP) said on Thursday. More »
UBS to slash 5,500 jobs as it sells down subprime
Reuters - Tuesday, May 6 10:25 am
ZURICH (Reuters) - UBS will cut 5,500 jobs in one the biggest purges seen so far in the financial markets crisis, as the Swiss wealth-management titan slashes at the investment bank that plunged it into turmoil. More »
Aberdeen half-year profit rises 8.5 percent
Reuters - Tuesday, May 6 08:28 am
LONDON (Reuters) - Aberdeen Asset Management said on Tuesday that pretax profit before exceptional items and amortisation of intangibles for the six months to end-March rose to 47.3 million pounds, below some forecasts. More »
Lloyds TSB says H1 on track
Reuters - Tuesday, May 6 07:50 am
LONDON (Reuters) - Lloyds TSB said it was on track to deliver a good performance in the first half, excluding a writedown of 387 million pounds on the value of assets tarnished by the credit crunch. More »
Buffett's Berkshire to look at RBS insurance unit
Reuters - Monday, May 5 03:03 am
OMAHA, Nebraska (Reuters) - Warren Buffett said on Sunday his Berkshire Hathaway insurance and investment company may be "close" to buying a medium-sized British company and "will look" at Royal Bank of Scotland's possible divestiture of its insurance unit. More »
Buffett says comfortable investing in South Korea
Reuters - Monday, May 5 12:52 am
OMAHA, Nebraska (Reuters) - Warren Buffett said on Sunday his Berkshire Hathaway insurance and investment company might invest more in South Korea, following a successful investment in the steelmaker POSCO . More »
Buffett embraces Erica Kane, mocks mortgage mess
Reuters - Saturday, May 3 07:49 pm
OMAHA, Nebraska (Reuters) - It's part of Warren Buffett's job not just to answer questions from many of the 31,000 people at the annual meeting of Berkshire Hathaway Inc . He also has to entertain. More »
Aviva scraps Norwich Union name
Reuters - Tuesday, April 29 01:35 pm
LONDON (Reuters) - Insurer Aviva has scrapped Norwich Union, the brand under which it operates in its home market, as it moves to a single identity it hopes will lift overseas sales, attract staff and lure new business partners. More »
Friends sales beat market expectations
Reuters - Tuesday, April 29 10:14 am
LONDON (Reuters) - Friends Provident , which rejected a takeover approach from U.S. buyout group J.C. Flowers this month, posted an 11 percent rise in first-quarter premiums on Tuesday, due to higher sales in its overseas units. More »