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Competition authority to look at price comparison sites

The UK’s competition watchdog has launched a market study into price comparison websites to investigate how they generate a profit and whether the arrangements they make with suppliers might restrict competition. The review, … Continue reading “Competition authority to look at price comparison sites”


Householders in UK flood-prone areas offered new insurance scheme

Affordable home insurance for householders in at-risk areas across the UK is now available through a new scheme launched by Flood Re, a joint industry and government sponsored scheme, it was announced on … Continue reading “Householders in UK flood-prone areas offered new insurance scheme”


Public liability insurance: Business essential or nanny state gone mad?

Many business owners make the mistake of not properly understanding public liability insurance before launching their small business. This leaves them at risk of paying exorbitant fees for damages in future. Public liability … Continue reading “Public liability insurance: Business essential or nanny state gone mad?”


UK doubles human rights funding to £10.6m via new Magna Carta Fund

The UK government’s Foreign & Commonwealth Office declared on Tuesday that funding to support Foreign and Commonwealth Office’s international human rights and democracy work has doubled to the highest ever level of GBP10.6m. … Continue reading “UK doubles human rights funding to £10.6m via new Magna Carta Fund”


Fraudulent insurance claims rise to over £110 million in 2013 – Aviva

More than GBP110m worth of fraudulent insurance claims were detected by UK insurance company Aviva during 2013, it revealed on Wednesday. Aviva said its claims fraud detection data for 2013 shows that there … Continue reading “Fraudulent insurance claims rise to over £110 million in 2013 – Aviva”


Dutch bank ING sells stake in South Korean arm KB Life Insurance

Dutch financial services group ING Groep NV (AMS:INGA) on Friday revealed an agreement to dispose of its 49% in South Korean insurance joint venture KB Life Insurance Company Ltd for KRW166.5bn (USD149.1m/EUR114.1m) in … Continue reading “Dutch bank ING sells stake in South Korean arm KB Life Insurance”


HSBC agrees to sell Macau-based general insurance operation to QBE

UK financial group HSBC Holdings Plc (LON:HSBA) on Thursday said it had agreed to dispose of its general insurance operations in Macau to QBE Insurance (International) Limited. HSBC will carry out the divestment … Continue reading “HSBC agrees to sell Macau-based general insurance operation to QBE”


HSBC sells Singapore insurance unit to AXA Life

UK financial major HSBC Holdings plc (LON:HSBA) said Wednesday that fully-controlled unit HSBC Insurance (Singapore) Pte Ltd had inked an accord to sell its group term life insurance and group medical insurance portfolios in … Continue reading “HSBC sells Singapore insurance unit to AXA Life”


London-listged publisher Euromoney acquires Insider Publishing

UK group Euromoney Institutional Investor Plc (LON:ERM) said on Tuesday it had bought local insurance and reinsurance information and events business Insider Publishing Ltd for an initial sum of GBP16.8m (USD25.4m/EUR19.6m). By doing … Continue reading “London-listged publisher Euromoney acquires Insider Publishing”


No substitute for age and experience, say car insurance companies

Car insurance companies now have only two criteria when it comes to offering their best premiums, age and experience. With the ruling by the European Court of Justice that came into force on … Continue reading “No substitute for age and experience, say car insurance companies”


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