Munich Re is exposed to €2.4bn of Irish bonds November 29, 2010 Munich Re is exposed to €2.4bn (£2bn) of Irish government bonds – around 1.2 per cent of its total non-linked assets (see chart above). However, exposure to the Irish crisis is not as bad as some feared, according to data from Nomura. Munich Re’s exposure is double the next most exposed insurer, ZFS, which has [...]
Munich Re is exposed to €2.4bn of Irish bonds November 29, 2010 Munich Re is exposed to €2.4bn (£2bn) of Irish government bonds – around 1.2 per cent of its total non-linked assets (see chart above). However, exposure to the Irish crisis is not as bad as some feared, according to data from Nomura. Munich Re’s exposure is double the next most exposed insurer, ZFS, which has [...]
Aviva sees sales drop by 11pc May 9, 2010 AVIVA will tomorrow reveal an 11 per cent drop in first quarter life and pensions sales, according to analysts, against the flow of gradual improvement reported by other insurers. The City’s consensus forecast is £8.5bn for the first three months of 2010, down from £9.6bn at the start of 2009. The fall contrasts with new [...]
Headhunters make progress in search for new Mecom boss November 22, 2010 MECOM, the pan-European newspaper group, has scotched suggestions that its chief executive David Montgomery is planning to stay on ahead of his scheduled departure in January next year. Montgomery was earlier this year persuaded to step down by dissident shareholders but an improving share price, combined with one of the rebels selling its stake, has [...]
Aviva sales drop as US market falls away May 11, 2010 AVIVA suffered a five per cent drop in life and pensions sales in the first quarter – but the results were above analysts’ forecasts The figures showed that a recovery in the domestic insurance market was offset by a sales of 18 per cent in the struggling US market. Llfe and pensions sales in the [...]
Strong squad keeps injury-hit England in pole position February 2, 2011 RUGBY TRADER DAVID WILD, CITY AM’S RUGBY TRADER, LOOKS AHEAD TO THE RBS SIX NATIONS CHAMPIONSHIP RATHER than those winning rucks, scoring tries and kicking goals, absent players could come to decide where the RBS 6 Nations Champion-ship trophy resides in six weeks’ time. A sizeable collective injury list has dominated the build-up to the [...]
Strong squad keeps injury-hit England in pole position February 2, 2011 RUGBY TRADER DAVID WILD, CITY AM’S RUGBY TRADER, LOOKS AHEAD TO THE RBS SIX NATIONS CHAMPIONSHIP RATHER than those winning rucks, scoring tries and kicking goals, absent players could come to decide where the RBS 6 Nations Champion-ship trophy resides in six weeks’ time. A sizeable collective injury list has dominated the build-up to the [...]
Hogg Robinson sees boost from recovery November 30, 2010 CORPORATE travel firm Hogg Robinson yesterday reported first-half profit more than doubled, adding its full-year outlook would see it finish ahead of market expectations. The firm said operating profit was £19.5m, up 73 per cent, from £11.3m last year, with an improving economy boosting business travel. Revenue was up nine per cent from £155.3m last [...]
Hogg Robinson sees boost from recovery November 30, 2010 CORPORATE travel firm Hogg Robinson yesterday reported first-half profit more than doubled, adding its full-year outlook would see it finish ahead of market expectations. The firm said operating profit was £19.5m, up 73 per cent, from £11.3m last year, with an improving economy boosting business travel. Revenue was up nine per cent from £155.3m last [...]
Pension firms are not completely trusted December 7, 2010 IN the latest YouGov SixthSense Pensions Report, two-thirds of YouGov respondents say they “do not have complete trust in pensions companies”. Meanwhile, of the companies mentioned in the survey, Scottish Widows were the most highly regarded – one in four respondents who know of the company ranked it as their number one pensions provider, leaving [...]