India’s biggest privately - controlled corporate conglomerate, the Reliance group, promoted by the Ambani family, is going to be divided down the middle.
The mother of the two battling Ambani brothers announced a deal on Saturday to carve up a diversified business empire that had been founded by her husband Dhirubhai Ambani who died three years […]
Insured losses from Hurricane Rita will be “significantly less” than Hurricane Katrina, according to the world’s largest reinsurer.
Shares in Munich Re and other European insurers rose sharply on Monday after US car insurance finance
said claims for insured losses may be as low as $6bn (3.3bn).
This compares to estimated losses from Katrina ranging from $15bn […]
Deutsche Bank chairman Josef Ackermann is facing a second business finance insurance for fraud and breach of trust.
A edition finance hill insurance international management mcgraw risk series
in the German city of Duesseldorf has confirmed that he is looking into allegations against Dr Ackermann and Rolf Breuer, head of the bank’s export finance and insurance
[…]
These are some of the main points covered by Gordon Brown in his Budget speech
Duties
From Monday, there will be a rise of 1p on a pint of beer and 4p on a bottle of wine, but duties on cider and sparkling wine are frozen.
The duty on spirits is to be frozen for the remainder of […]
A recent spate of storms in the south-eastern US could leave insurers facing their biggest ever hurricane damages bill, an industry body has said.
Insured losses could reach $21.7bn (12bn), according to the Insurance Approach estate estate finance hill in insurance irwin mcgraw principle real real series value
Institute, breaking the record set by Hurricane Andrew […]
Optimism in the financial services sector surged between December and March, figures from the CBI and PricewaterhouseCoopers have shown.
The latest quarterly survey of the industry showed business volumes and profitability rose sharply for the fourth consecutive quarter.
In total, 51% of businesses said they were more optimistic than three months ago while only 7% were less […]
But the world’s biggest drug company, most famous for erectile-dysfunction pill Viagra, faces an uncertain outlook.
A Chinese court is hearing an appeal by Pfizer against the withdrawal of the Chinese patent for Viagra. The authorities quashed the patent saying it didn’t show conclusively that it worked. Pfizer says the authorities simply didn’t understand the research.
If […]
From 1st December banks and building societies will be able to offer a wider range of investments, pension and business finance insurance
, and independent financial advisers won’t look so special any more. They’ll also all have to tell us more about how they make their money.
The nostalgia is already setting in among Britain’s army of […]
Aviva, the biggest UK insurer and owner of Norwich Union, has agreed to buy US rival Amerus for 1.6bn ($2.9bn).
Aviva will finance the deal through debt and a 900m share issue. It will pay $69 for each Amerus share, 10% more than the closing price on 6 July.
Buying Iowa-based Amerus will enable Aviva to […]
The Financial Services Authority has warned insurers that they will face millions of pounds in fines - unless they start handling complaints about endowments properly.
In a letter sent to the chief executives of larger mortgage endowment firms and financial advisers, the regulator told mortgage endowment providers not to use the Financial Ombudsman Service as an […]