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Insurance News

Listing 414 articles over 42 pages

When A Cash Fund Is Not Actually A Cash Fund!

The Association of British insurers, one of the more powerful investment associations in the UK, is to launch a thorough investigation into cash funds after standard life was forced to pay...

Prudential Shares Soar As Financial Position Is Strengthened

The Prudential has today announced a £1.1 billion cash injection to the company reserves via an asset sale in Taiwan and the receipt of future income from it's with profits fund. There had...

Is This The End Of Payment Protection Insurance?

The FSA has today made a historic move by suggesting that UK banks and financial companies withdraw payment protection insurance for loans and credit cards. This brings to an end a very volatile...

Why Has The Lloyds Bank Toxic Asset Deal Been Delayed?

There are differing stories come from the UK Treasury and Lloyds Bank regarding reasons why the proposed £165 billion toxic asset insurance protection plan has not been put into place. The...

Lloyds Bank Fails To Agree Toxic Asset Insurance Deal

It has today been revealed that Lloyds Bank is no nearer an agreement with the UK authorities with regards to its toxic assets from the combined Lloyds Bank and HBOS group. While the amount of...

Online Car Insurance Is Benefiting From The Downturn

The online car insurance industry appears to be benefiting from the ongoing recession as Admiral Group reported profits up 11% at £202.5 million. The figures are slightly above expectations...

UK Insurance Sector Still Under Pressure

The UK insurance sector is again under pressure this morning with concerns that solvency levels will fall over the coming months and more and more companies will be forced to raise additional...

Brit Insurance Goes Dutch

Lloyd's of London insurance group Brit Insurance has moved its head office to Holland in another bitter blow for the UK business sector. This is the latest in a long line of UK companies which have...

Barclays Bank At Loggerheads With The UK Treasury

It has been revealed today that Barclays Bank is in a similar situation to that experienced by Lloyds Bank which had great difficulty agreeing a toxic asset insurance plan with the UK Treasury. Up...

AIG Refuses To Back Down In Bonus Row With US Government

Fallen insurance giant AIG, which was forced to beg US authorities for $170 billion to survive, has refused to hand over details of employees who received $165 million in bonuses from the financial...

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