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Archive for February, 2008

News - How will ISA changes affect you?

Tuesday, February 19th, 2008

The Treasury has announced that the amount that people will be allowed to save tax-free is to fall. An expert explains the changes and what strategy people should adopt.

When Individual Savings Accounts (ISAs) were introduced by Gordon Brown in 1999 the amount that could be paid in was set at 7,000.

At the end […]

News - Pension crisis: Will anyone fix it?

Monday, February 18th, 2008

How the UK tackles the impending pension crisis is now a major topic of discussion. But will anyone have the guts to fix it in 2005? In the first of a two-part series, Joanne Segars, representing insurance firms, outlines the industry’s priorities for the New Year.

2004 was a year in which pensions and savings […]

News - Swiss Re to buy GE insurance firm

Thursday, February 14th, 2008

Reinsurer Swiss Re has agreed to pay $6.8bn (4bn) for the insurance unit of industrial giant General Electric.

Swiss Re will sell $7.5bn of new shares to finance the acquisition and cover the debts of GE Solutions.

Buying the firm will turn Swiss Re into the world’s largest company at a time when […]

News - Insurance firm’s jobs boost

Wednesday, February 13th, 2008

An American insurance company is set to create 120 jobs in Northern Ireland.

American Life is part of the American International Group - one of the 10 largest by turnover in the world.

It employs 25 people at its headquarters in Belfast.

The company’s offices were opened on Monday by Cathy Hurst public affairs attache from […]

News - Swiss Re to buy GE insurance firm

Tuesday, February 12th, 2008

Reinsurer Swiss Re has agreed to pay $6.8bn (4bn) for the insurance unit of industrial giant General Electric.

Swiss Re will sell $7.5bn of new shares to finance the and cover the debts of GE Solutions.

Buying the firm will turn Swiss Re into the world’s largest reinsurance company at a time when […]

News - Sisters lose second coming cover

Monday, February 11th, 2008

Insurers have withdrawn the cover on their virginity taken out by three sisters in the event of the second coming of Christ.

Essex-based Britishinsurance.com confirmed it had provided the 1m policy, but said it was reviewed on Thursday following complaints.

The firm said the women from Inverness had renewed the policy since 2000.

The cover was meant to […]

News - Bank rapped over mortgage letter

Sunday, February 10th, 2008

The Halifax bank has been criticised by the advertising watchdog over a “misleading” mailing to customers.

The mailshot, sent to 120,000 mortgage holders with Intelligent Finance, asked customers to reveal details of their contents insurance.

The Standards Authority (ASA) upheld a complaint that Halifax had “no good reason” to request details of customers’ contents insurance. […]

News - Star show for India’s ‘mega-wedding’

Saturday, February 9th, 2008

The week-long mega-wedding of the two sons of Sahara business group chief Subrata Roy will begin in the northern Indian city of Lucknow on Tuesday.

Indian Prime Minister Atal Behari Vajpayee, Bollywood stars Amitabh Bachchan, Shah Rukh Khan and Aishwarya Rai and cricketers Saurav Ganguly and Sachin Tendulkar are among the 10,500 guests who have been […]

News - Star show for India’s ‘mega-wedding’

Friday, February 8th, 2008

The week-long mega-wedding of the two sons of Sahara business group chief Subrata Roy will begin in the northern Indian city of Lucknow on Tuesday.

Indian Prime Minister Atal Behari Vajpayee, Bollywood stars Amitabh Bachchan, Shah Rukh Khan and Aishwarya Rai and cricketers Saurav Ganguly and Sachin Tendulkar are among the 10,500 guests who have been […]

Sport - Man City continue takeover talks

Thursday, February 7th, 2008

Manchester City have confirmed they are still in talks with potential buyers but dismissed they have received an offer for the club.

Ex-City full-back Ray Ranson was said to have made a 90m offer on Monday.

But City released a statement to the Stock Exchange to say that talks were still ongoing.

“The board of Manchester City […]

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