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Aegon to sell UK insurance business to Standard Life
1+ day, 4+ hour ago (414+ words) Standard Life has agreed to buy Dutch rival Aegon's UK business for "2 billion, the companies said today, expanding the British pension savings group's reach to 16 million customers. Standard Life said the cash-and-shares deal would also boost its managed assets by…...
Average cost of motor insurance was "655 last year
2+ week, 2+ day ago (218+ words) The Minister of State with responsibility for Financial Services, Credit Unions and Insurance, Robert Troy, said the latest Private Motor Insurance Mid-Year Report shows affordability "remains a challenge". He said while the National Claims Information Database shows the average cost…...
Harris confirms Insurance Compensation Fund Levy cut
3+ mon, 2+ week ago (359+ words) T'naiste and Minister for Finance Simon Harris and Minister of State for Financial Services, Credit Unions and Insurance Robert Troy have confirmed the reduction of the Insurance Compensation Fund (ICF) levy from 2% to 1% from January 1. The decision was first announced…...
112 jobs at risk at Liberty Mutual Insurance
10+ mon, 3+ week ago (256+ words) US company Liberty Mutual Insurance said it has entered a consultation period with 112 employees across the island of Ireland which may result in redundancies. The impacted workers support Liberty's US retail markets business. "We continually explore opportunities to enhance our…...
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