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United States

Carolyn Cohn

Prudential shifts $50 billion in assets to Luxembourg ahead of Brexit

Mar 13 2019

LONDON Britain's biggest insurer, Prudential, has transferred 36 billion pounds ($47.33 billion) in customer assets to its new Luxembourg subsidiary ahead of Brexit, it said on Wednesday, as the company reported a six percent rise in operating profit.

Insurers face large claims after second Boeing 737 MAX crash

Mar 11 2019

Boeing Co's insurers face big claims from families of the victims of the Ethiopian Airlines crash, coming less than six months after the crash of the same type of Boeing aircraft in Indonesia, insurance and aviation sources said.

Insurers face large claims after second Boeing 737 MAX crash

Mar 11 2019

Boeing Co's insurers face big claims from families of the victims of the Ethiopian Airlines crash, coming less than six months after the crash of the same type of Boeing aircraft in Indonesia, insurance and aviation sources said.

Legal & General's record annuity sales raises dividend doubts

Mar 06 2019

LONDON Legal & General said it had made record sales of annuities in 2018, although some analysts questioned whether Britain's third-largest insurer could continue to raise its dividend at the same time, knocking its shares on Wednesday.

Aviva, eyeing strategy change, picks Tulloch as CEO

Mar 04 2019

LONDON Aviva Plc on Monday appointed internal candidate Maurice Tulloch as its new chief executive officer after a lengthy selection process, a choice which analysts say could herald change at Britain's second biggest insurer.

Bad weather batters insurer RSA's profits

Feb 28 2019

LONDON Bad weather and weakness in specialist commercial lines caused a 19 percent drop in British insurer RSA's full-year operating profit, sending its shares down on Thursday.

UPDATE 2-Bad weather batters insurer RSA's profits

Feb 28 2019

* London market business undergoing strategic review (Adds details, CEO comments, background)

UK finance sector ready for any type of Brexit: minister

Feb 26 2019

LONDON Britain's financial sector will continue to function properly whatever form Brexit takes, a junior minister said on Tuesday, though the head of an industry body said it would back proposals to avert Britain leaving the EU without a withdrawal deal.

UK finance sector ready for any type of Brexit - minister

Feb 26 2019

LONDON Britain's financial sector will continue to function properly whatever form Brexit takes, a junior minister said on Tuesday, though the head of an industry body said it would back proposals to avert Britain leaving the EU without a withdrawal deal.

Aviva, NatWest to join 'Brexodus' of business to EU

Feb 19 2019

LONDON England's High Court on Tuesday gave Aviva, Britain’s second largest insurer, approval to transfer around £9 billion in assets to a new Irish company just before the starting gun is fired on Brexit.

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