Insurance- Page 77

The FINANCIAL -- “Georgian insurance companies will be under foreign ownership in five years time, provided a peaceful situation reigns in Georgia,” said Devi Khechinashvili, Head of the Georgian Insurance Association.

The FINANCIAL -- Some companies already charge smokers more for health insurance, and most Americans think that's a good idea.

The FINANCIAL -- Partner, one of the leading insurance companies in Georgia, has reimbursed a total of 1,600,000 GEL to its clients in 2010. Third quarter results show 30% of total insurance is made up by property insurance, 25% by car insurance

The FINANCIAL -- American International Group, Inc. (AIG) announced on November 1 that it has raised nearly $37 billion to repay the United States government through its sale of one insurance subsidiary, American Life Insurance Company (ALICO), and the initial public offering of a

The FINANCIAL -- Philippine cooperative insurance company Coop Life Insurance & Mutual Benefit Services (CLIMBS) together with Munich Re and the Deutsche Gesellschaft für Technische Zusammenarbeit GmbH (GTZ) on behalf of the Federal Ministry for Economic Cooperation and Development (BMZ) are launching

The FINANCIAL -- Zurich Financial Services Group (Zurich) announced on October 11 that its subsidiary Zurich Insurance Company Ltd has signed an agreement to acquire 99.98% of Compagnie Libanaise D’Assurances SAL, a privately owned Lebanese insurer with branch operations in the United Arab Emirates

The FINANCIAL -- Following the catastrophic oil spill in the Gulf of Mexico, it is clear that better provision has to be made for dealing with losses and damage arising in this context. In response, Munich Re has developed a new concept

The FINANCIAL -- Increasing M&A activity, low interest rates and regulatory changes are some of the opportunities and challenges in focus for insurers and reinsurers. Swiss Re puts capital and expertise to work, proposing solutions that will support its clients in dealing

The FINANCIAL -- The Solvency II Directive, adopted by the European Parliament and the Council in 2009 and to be implemented by 1 January 2013, has set the framework for the next generation of supervisory rules for insurance and reinsurance companies in

The FINANCIAL -- ING participated in the stress tests conducted by the Committee of European Banking Supervisors (CEBS), which included a baseline scenario, adverse scenario and an additional sovereign shock for 2010 and 2011. ING Bank’s pre-impairment income remains resilient, which helps