Embed from Getty Images Standard Life Aberdeen (SLA) has announced the “simplification and extension” of its strategic partnership with Phoenix Group as it sells its historic brand to the life insurer and looks to focus on its asset management and platforms businesses. The deal extends the terms reached between the two parties in 2018, which […]
GPRTU commends NIC Boss for changing the face of motor insurance
Embed from Getty Images The National Chairman of the Ghana Private Road Transport Union (GPRTU) has commended the National Insurance Commission (NIC), for coming to the rescue of their members in the commercial transport sector and bringing sanity to our roads. The Chairman, Nana Nimako Bresiamah made these remarks when he and other National and […]
FBD raises provision for lockdown insurance claims to €65m
Embed from Getty Images FBD Holdings said it has expanded its arrangement for the aftermath of the High Court bar business interference cases administering to €65m, which incorporates assessed net cases expenses of €54m and €11m accepted reinsurance reestablishment charge. It said that gross cases costs are presently assessed to be about €150m. The back […]
Insurer RSA posts profit growth ahead of £7.2bn takeover deal
Embed from Getty Images Insurance group RSA posted a double-digit rise in profit for 2020 ahead of its £7.2bn takeover by a consortium of Canadian and Danish buyers. RSA, which owns brands including More Than, reported operating profit of £751m, up 15 per cent year on year. Group underwriting profit also jumped 36 per cent […]
Lights that warn planes of obstacles were exposed to Open Internet
Last week, news broke that James Dean will star in a new movie-64 years after his death. A production company called Magic City got the rights to Dean’s image from the late actor’s estate and plans to bring him to the silver screen again thanks to the wonder (or terror) of CGI. Now, Dean, or […]