Institutional investors http://www.globalpost.com/taxonomy/term/25923/all en UPDATE 1-Standard Life gets $161 mln boost as court case ends http://www.globalpost.com/dispatch/news/thomson-reuters/130114/update-1-standard-life-gets-161-mln-boost-court-case-ends <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Jan 14 (Reuters) - British life insurer Standard Life will receive a 100 million pound ($161 million) boost after insurers it defeated in a legal dispute decided not to contest the case any further.</p> <p>The end of the court battle means Standard Life can release funds put aside pending a potential further appeal, it said on Monday.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130114/update-1-standard-life-gets-161-mln-boost-court-case-ends" target="_blank">read more</a></p> Business Financial institutions Hospitality Institutional investors Law Politics Thomson Reuters Mon, 14 Jan 2013 17:15:17 +0000 Thomson Reuters 5734257 at http://www.globalpost.com UPDATE 1-Insurer Direct Line profit up on higher prices http://www.globalpost.com/dispatch/news/thomson-reuters/130228/update-1-insurer-direct-line-profit-higher-prices <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* FY operating profit 461.2 mln stg vs 454 mln consensus</p> <p>* Return to underwriting profit from year-earlier loss</p> <p>* Final dividend 8 pence per share</p> <p>LONDON, Feb 28 (Reuters) - Britain's Direct Line Group , the motor insurer spun out of Royal Bank of Scotland , said it made a better-than-expected profit last year as it raised prices and withdrew cover from riskier drivers.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130228/update-1-insurer-direct-line-profit-higher-prices" target="_blank">read more</a></p> Financial economics Financial institutions Institutional investors Thomson Reuters Thu, 28 Feb 2013 08:15:17 +0000 Thomson Reuters 5769392 at http://www.globalpost.com Prudential pays bumper dividend as profits climb http://www.globalpost.com/dispatch/news/thomson-reuters/130313/uks-prudential-pays-bumper-dividend-profits-climb <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON (Reuters) - Prudential, Britain's biggest insurer, raised its dividend by a bigger-than-expected 16 percent after continued strong growth at its flagship Asian operations drove a forecast-beating jump in profit.</p> <p>Prudential investors will get a total of 29.19 pence per share out of 2012 earnings, surpassing the 26.65 pence expected by analysts in a company poll, the insurer said on Wednesday.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130313/uks-prudential-pays-bumper-dividend-profits-climb" target="_blank">read more</a></p> Dividend Financial institutions Institutional investors Thomson Reuters Wed, 13 Mar 2013 15:31:18 +0000 Thomson Reuters 5782287 at http://www.globalpost.com public health insurance-seniors http://www.globalpost.com/dispatch/news/yonhap-news-agency/130317/public-health-insurance-seniors <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, March 17 (Yonhap) -- Medical expenses for senior citizens represented more than 30 percent of all medical spending covered by South Korea's national health insurance program last year, data showed Sunday.</p> <p>According to the data by the National Health Insurance Service (NHIS), the country's state-run health insurance firm, medical expenses for people aged 65 or older accounted for 34.4 percent of all medical spending by the firm in 2012.</p> <p>The ratio has been increasing since 2005 when it registered 24.4 percent.</p> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/130317/public-health-insurance-seniors" target="_blank">read more</a></p> Business Financial institutions Health insurance Institutional investors Yonhap News Agency Sun, 17 Mar 2013 11:31:31 +0000 Yonhap News Agency 5785935 at http://www.globalpost.com Lloyd's of London back in profit on fewer catastrophes http://www.globalpost.com/dispatch/news/thomson-reuters/130327/lloyds-london-profits-fewer-catastrophes-2012 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON (Reuters) - The Lloyd's of London insurance market returned to profit in 2012, bouncing back from a 516 million pounds loss in 2011 after claims fell on account of fewer natural disasters.</p> <p>Pre tax profits during 2012 reached 2.77 billion pounds, Lloyds said, with net incurred claims falling to 10.1 billion pounds from 12.9 billion pounds a year earlier.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130327/lloyds-london-profits-fewer-catastrophes-2012" target="_blank">read more</a></p> Disaster Financial economics Financial institutions Institutional investors Insurance Types of insurance Thomson Reuters Wed, 27 Mar 2013 07:45:18 +0000 Thomson Reuters 5795028 at http://www.globalpost.com Prudential to enter rented housing market - report http://www.globalpost.com/dispatch/news/thomson-reuters/130401/prudential-enter-uk-rented-housing-market-report <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON (Reuters) - Insurer Prudential is set to become the first institutional investor to enter Britain's rented housing market in recent times, the Financial Times reported on Monday citing people familiar with the matter.</p> <p>The Prudential Property Investment Management division - part of M&amp;G, the insurer's asset management arm - is close to a deal to buy more than 500 homes from housebuilder Berkeley, the FT reported.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130401/prudential-enter-uk-rented-housing-market-report" target="_blank">read more</a></p> Financial economics Financial institutions Institutional investors Thomson Reuters Mon, 01 Apr 2013 13:30:04 +0000 Thomson Reuters 5798577 at http://www.globalpost.com "Compensa Life" collects EUR 30.9 million in premiums in 2012 http://www.globalpost.com/dispatch/news/asianet/130403/compensa-life-collects-eur-309-million-premiums-2012 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Asianet </div> </div> </div> <!--paging_filter--><p></p><P> Life insurance company "Compensa Life" racked up a total of EUR 30.9 million in insurance premiums in the Baltic countries last year, or 29 percent more than in 2011, as the company informed "Nozare.lv".</p><P>The company's share of the Baltic life insurance market increased from 8 percent to 9.7 percent last year, and the company concluded last year with EUR 0.7 million in profit.</p><P>Pension savings accounted for 63 percent of all "Compensa Life" premiums last year, whereas health insurance premiums increased 52 percent from 2011.</p><P>"The company's positive financial results prove t</p> <p><a href="http://www.globalpost.com/dispatch/news/asianet/130403/compensa-life-collects-eur-309-million-premiums-2012" target="_blank">read more</a></p> Business EUR Financial economics Financial institutions Institutional investors Labor Law Asianet Wed, 03 Apr 2013 19:20:22 +0000 Asianet 5801076 at http://www.globalpost.com PM for prompt settlement of insurance claims http://www.globalpost.com/dispatch/news/asianet/130409/pm-prompt-settlement-insurance-claims <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Asianet </div> </div> </div> <!--paging_filter--><p></p><P> Prime Minister Sheikh Hasina on Saturday asked the insurance companies to be prompt in the settlement of claims as they are the trustee of people’s hard-earned money.</p><P>“The insurance regulators should keep strict vigil on the insurance companies so that the claims are settled timely and in proper manner avoiding any dispute,” she said while inaugurating the First SAARC Insurance Regulator Conference at the Bangabandhu International Conference Centre in the city.</p><P>The Insurance Development and Regulatory Authority (IDRA), Bangladesh in cooperation with Federation of State Organiza</p> <p><a href="http://www.globalpost.com/dispatch/news/asianet/130409/pm-prompt-settlement-insurance-claims" target="_blank">read more</a></p> Financial economics Financial institutions Institutional investors Prime Minister Social Issues Technology Asianet Tue, 09 Apr 2013 16:35:16 +0000 Asianet 5807740 at http://www.globalpost.com Report forecasts investment flow to Turkish insurance sector http://www.globalpost.com/dispatch/news/asianet/130410/report-forecasts-investment-flow-turkish-insurance-sector <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Asianet </div> </div> </div> <!--paging_filter--><p></p><P> According to the “Global Insurance Outlook 2013” report recently released by Ernst &amp; Young, Asian and European investors will focus on Turkey's insurance sector in 2013, particularly as a result of government incentives offered in private pension plans (BES).</p><P>The report said, “Turkey's young population and increasing qualified manpower potential in addition to the new regulations implemented regarding the insurance sector will direct the interest of Asian and European investors to Turkey as consumption has slowed down in those countries.” Commenting on Turkey's insurance sector, </p> <p><a href="http://www.globalpost.com/dispatch/news/asianet/130410/report-forecasts-investment-flow-turkish-insurance-sector" target="_blank">read more</a></p> Financial institutions Institutional investors Insurance Technology Asianet Wed, 10 Apr 2013 20:22:30 +0000 Asianet 5809802 at http://www.globalpost.com S. Korean insurance firms: Imported cars costlier to repair http://www.globalpost.com/dispatch/news/asianet/130412/s-korean-insurance-firms-imported-cars-costlier-repair <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Asianet </div> </div> </div> <!--paging_filter--><p></p><P> Repair costs for imported automobiles in South Korea are on average three times more expensive than those charged for domestic cars, a report showed Friday, amid a move by non-life insurers to revamp pricing standards for fixing foreign vehicles.</p><P>The average repair expenses for imported cars here came in at 2.61 million won (US$ 2,309) per individual in 2011, compared with the average of 846,000 spent to fix a domestic vehicle, according to the report by the Insurance Development Institute.</p><P>Non-life insurance companies paid out a combined 642 billion won in insurance payout to</p> <p><a href="http://www.globalpost.com/dispatch/news/asianet/130412/s-korean-insurance-firms-imported-cars-costlier-repair" target="_blank">read more</a></p> Financial economics Financial institutions Institutional investors Technology Asianet Fri, 12 Apr 2013 21:33:31 +0000 Asianet 5814462 at http://www.globalpost.com Uncertainty surrounds compensation for Boston bomb victims http://www.globalpost.com/dispatch/news/thomson-reuters/130417/uncertainty-surrounds-compensation-boston-bomb-victims <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Ben Berkowitz</p> <p>BOSTON (Reuters) - Victims of the Boston Marathon bombings will eventually win some kind of compensation, but it is far too early to know how much money there will be, whether private donors or insurers will provide most of it, and how long it might take to distribute.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130417/uncertainty-surrounds-compensation-boston-bomb-victims" target="_blank">read more</a></p> Disaster Financial institutions Health Institutional investors Politics Social Issues Technology Terrorism in the United States War Thomson Reuters Wed, 17 Apr 2013 20:02:16 +0000 Thomson Reuters 5818687 at http://www.globalpost.com Fewer carriers than expected apply for Illinois health marketplace; raises national concerns http://www.globalpost.com/dispatch/news/the-canadian-press/130501/fewer-carriers-expected-apply-illinois-health-marketplace-ra <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>CHICAGO - Only six insurance carriers have told the state of Illinois they want to sell a combined 165 health policies on the state's online insurance marketplace under the nation's new health care law — numbers far lower than expected, raising concerns the trend will hold true across the country.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130501/fewer-carriers-expected-apply-illinois-health-marketplace-ra" target="_blank">read more</a></p> Financial economics Financial institutions Health Health maintenance organizations Healthcare in the United States Healthcare reform in the United States Institutional investors Investment Labor Social Issues The Canadian Press Wed, 01 May 2013 21:31:00 +0000 The Canadian Press 5829516 at http://www.globalpost.com Wynne says car insurance rate cuts won't happen overnight; can't offer time line http://www.globalpost.com/dispatch/news/the-canadian-press/130509/wynne-says-auto-insurance-rate-cuts-wont-happen-overnight-ca <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>BRAMPTON, Ont. - The Liberal government's budget promise to cut auto insurance premiums by an average of 15 per cent isn't worth the paper it's written on without time lines on when drivers can expect to see savings, the New Democrats charged Thursday.</p> <p>"If we're not seeing any concrete timelines, any concrete deadline in terms of when we'll see this 15 per cent reduction, it's meaningless," said NDP critic Jagmeet Singh.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130509/wynne-says-auto-insurance-rate-cuts-wont-happen-overnight-ca" target="_blank">read more</a></p> Financial institutions Institutional investors Insurance Kathleen Wynne Liberal Party of Canada New Democratic Party Politics of Canada Social Issues The Canadian Press Thu, 09 May 2013 20:46:26 +0000 The Canadian Press 5834648 at http://www.globalpost.com Feds approve Utah to become first state to use dual-model health insurance marketplace http://www.globalpost.com/dispatch/news/the-canadian-press/130510/feds-approve-utah-become-first-state-use-dual-model-health-i <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>SALT LAKE CITY - The federal government has approved Utah to become the first state to have a dual-model health insurance exchange in which the state and the federal government divide responsibilities.</p> <p>The plan allows Utah to continue to run its existing health insurance marketplace for small businesses, a system that lets employees pick health care plans in an online exchange. The federal government will run the state's individual exchange. The two marketplaces will operate independently of each other.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130510/feds-approve-utah-become-first-state-use-dual-model-health-i" target="_blank">read more</a></p> Business Financial institutions Health Health insurance exchange Healthcare reform in the United States Human Interest Institutional investors Labor Law Politics Social Issues Technology Utah The Canadian Press Fri, 10 May 2013 19:30:36 +0000 The Canadian Press 5835183 at http://www.globalpost.com Italian insurance giant Generali reports rise in profit http://www.globalpost.com/dispatch/news/afp/130510/italian-insurance-giant-generali-reports-rise-profit <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Italian insurance giant Generali reported on Friday first-quarter net profits of 603 million euros ($785 million) -- a 6.3 percent increase from the level the previous quarter, saying it was on track to achieve its targets for the year.</p> <p>The operational profit rose by 8.0 percent to 1.3 billion euros, the company said in a statement.</p> <p>This was the best operational result in four years.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130510/italian-insurance-giant-generali-reports-rise-profit" target="_blank">read more</a></p> Assicurazioni Generali Business Financial institutions Generali Institutional investors AFP Fri, 10 May 2013 22:46:09 +0000 Agence France-Presse 5835352 at http://www.globalpost.com