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Insurance
Insurance Australia Group (IAG) has announced that it will attempt to raise A$350 million through the issuance of Convertible Preference Shares (CPS). 19 March 2012
News
The Canopius Group has posted a net loss of £61 million for 2011, representing the first full year loss in the company’s eight year history. 15 March 2012
News
HSBC, and its 62 percent owned subsidiary Hang Seng Bank, have agreed to sell their general insurance businesses in Hong Kong, Singapore, Argentina and Mexico. 9 March 2012
Insurance
Australian insurer CGU is to shed 600 jobs over the next three years as part of its corporate restructuring. 9 March 2012
News
Airlines face a number of threats, according to Willis boss Joe Plumeri. 7 March 2012
News
A report by rating agency Moody’s has found that expansion in Asia could benefit European insurers’ credit ratings. 6 March 2012
News
Global insurance asset manager and consultant, Conning, has announced the hire of two new senior portfolio managers to its European investment team. 22 February 2012
News
Rating agency AM Best has obtained the necessary approvals to establish within the Dubai International Financial Centre. 21 February 2012
News
The proposed Fair and Accurate Credit Transactions Act (FACTA) presents a significant challenge for insurers, despite the concessions that the Internal Revenue Service (IRS) has made for the industry. 14 February 2012
News
Aon’s full year results have revealed that the broker’s total revenue has risen by 33 percent to $11.3 billion in 2011. 3 February 2012
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