Banks have limited insurance

Financiers give less than credits, which also enrich insurers. Policies’ sellers incur losses and do their best to attract clients. The beginning to credit recession was put with last year’s financial crisis in the USA and Europe: the Ukrainian bankers were refused in foreign loans because of what they had to curtail crediting in currency. […]

Latvian insurance market has increased by 13 %

According to the Latvian Insurers Association within ten months Latvian insurance companies’ premiums have increased by 13%(Ls35,2 million ) in comparison with the similar period of the last year. In general from January till October insurers have signed premiums for the sum Ls304,6 million. The sum of paid during this period premiums has grown much […]

Insurance giant AIG sells the division because of debts

German reinsurer Munich Re will buy HSB Group, belonging to the American International Group, for $742 in order to expand presence in the USA. Company Hartford Steam Boiler Inspection and Insurance which, provides a covering of a wide spectrum of risks, is HSB’s basic active. In 2007 after payment of taxes HSB’s profit has made […]

Financial crisis has come to Chinese insurers

Chinese insurance industry, which volume makes $440 billion, faces great problems now. And even intervention of authorities does not rescue Chinese insurers and in terms of world financial crisis, growth of profit of these companies is not expected. One of the largest insurance companies of China Ping An Insurance Co has lost $2,3 billion on […]

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