by David Masters, InsuranceDaily.co.uk London-based Aviva Plc, the biggest insurer in the UK by assets, sought to reassure investors today as it posted sales results for the third quarter. The insurer told shareholders that its capital reserves are ‘very strong’ and reported a 12% rise in life and pension sales during the first nine months ...
by Gill Montia, InsuranceDaily.co.uk Prudential is reported to have appointed Credit Suisse to advise on acquisitions it may make from American International Group (AIG), the beleaguered US insurer that has been twice bailed out by the Federal Reserve. In the current market conditions, Prudential is unlikely to attempt to raise funds for any purchases via ...
The Edge Daily KUALA LUMPUR: Local insurers control over 65% of the general insurance market and more than 45% market share of the life insurance segment, the Dewan Rakyat was told yesterday. There are 48 conventional insurance and 10 takaful (Islamic insurance) companies operating in the country. “Of those, 29 conventional and 9 takaful operators ...