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Names return to Lloyd`s in downturn Prime minister Edward Heath, Lord Archer, Michael Howard. The roll call of Britons who have wagered their fortunes backing the Lloyd's insurance market is long and often illustrious FT.comBNP forms $60 mln insurance tie-up in Taiwan TAIPEI, Jan 13 (Reuters) - BNP Paribas SA announced on Tuesday a formation of a T$2 billion ($60 million)insurance tie-up with Taiwan Cooperative Bank , aimingto tap one of Asia's top insurance markets. ReutersState Farm rate increase denied Florida Insurance Commissioner Kevin McCarty affirmed the disapproval of a rate filing challenge between the Office of Insurance Regulation and State Farm Florida. Bizjournals.comCentrue Financial Corporation: Centrue Financial Corporation Completes Sale of $32.7 Million in Preferred Shares to the U.S. Treasury and Participates in FDIC Insurance Program ST. LOUIS, MO (MARKET WIRE) Centrue Financial Corporation (NASDAQ: TRUE), parent company of Centrue Bank, announced today that it has completed the sale of $32.7 million in preferred shares to the U.S. Department of the Treasury as part of the government's Capital Purchase Program. In exchange for the aggregate consideration of $32.7 million, the Company issued 32,668 shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series C, with a $1,000 per share liquidation preference, and a warrant to purchase up to 508,320 shares of the Company's common stock at an exercise price of $9.64 per share. Marketwire.comState Division of Insurance Says NO!homeinsurancepower.com CATEX: CATEX to Present at 5th Annual Insurance Linked Securities Summit PRINCETON, NJ (MARKET WIRE) The Catastrophe Risk Exchange Inc. (CATEX) will offer a presentation on 'ILS Strategies and the CATEX Global Reinsurance Exchange' at the 5th Insurance Linked Securities Summit at the Millennium Broadway Hotel, N.Y., N.Y. on January 30, 2009. The conference is organized by IQPC. Marketwire.comOne-Stop Shopping Calamity The news that Citigroup is considering selling half its Smith Barney brokerage unit to Morgan Stanley is seen as evidence that Sandy Weill's plan for a one-stop financial shop is officially dead. But the financial supermarket is the bad idea that just won't die.It certainly makes sound sense on paper: let customers get all their banking needs from one financial institution. Credit cards, checking accounts, mortgages, brokerage services, insurance — keep it all under one roof. Cross-sell to your heart's content. Sell mortgages to your brokerage customers and offer to underwrite deals for your corporate bank customers. During the 1990s, Weill commandeered his own financial merger frenzy, combining his Shearson Lehman brokerage with Travelers Group, Aetna Life & Casualty, and Salomon Brothers before eventually merging it all in a megadeal with Citicorp in 1998. But Citigroup was never able to get the one-stop shopping to work. The firm, bloated by its consolidated income stateme PortfolioDirect Line cuts contents insurance 50% With financial worries plaguing the nation, Direct Line is offering new customers a recession-busting 50% discount on home contents insurance.The insurance provider said economic slowdown is making it difficult for many households to keep up with expenses.In a recent survey by Direct Line, 22% of respondents thought it acceptable to not pay the TV licence [...] TelegraphGet the Best Homeowners Insurance - Find the Right Company and Get the Best Rates When searching for a homeowners insurance provider most people have two questions in mind, what is the best homeowners insurance company, and how can I find the best rate? That's exactly what we are going to discuss in this article. ezinearticles.comNon-Standard Insurance - Different Quotes For Different Folks Internet insurance resources available to those seeking online insurance quotes but who fall outside the mainstream insurance market. Specialist non-standard insurance websites make it easier for those with unusual or off-the-wall insurance requirements to find the cover they need. E-Zine1 2 3 |
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