Insurance news from Barclay’s scandal increases total to $4.1 billion

life insurance news Barclays Bank

The mis-selling scam from the bank has experienced yet another massive charge. Barclays Bank PLC is making insurance news yet again with another massive mis-selling charge, adding to a long list of others that have been reported by Insurance News Report over the last few months. The British bank is continually hounded by new discoveries of scandalous selling practices. Authorities in the United Kingdom have been investigating the fundraising that the bank has received from Qatar during the worst of the crisis in 2008. The investigations have been ongoing since…

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Insurance news is good for Lloyd’s of London

insurance industry report

The market will now be returning to profit once more. Lloyds of London has released their most recent insurance news, and it sounds very positive after experiencing no major natural disasters in the first half of the year, allowing the market to return to half-year profitability. The pre-tax profit that the insurance market has estimated for the first half of 2012 is £1.53 billion. When compared to the first half of 2011, in which the claims from the March tsunami in Japan were coming in, Lloyd’s of London had experienced…

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Aviva makes insurance news by releasing its plans to ride out the economy’s downturn

Insurance technology and news

The insurer will be trimming the fat to survive the downturn. Aviva, the number 2 insurer in the United Kingdom, is making insurance news by selling nearly a quarter of its businesses in a dramatic effort to rebuild investor support following struggles with its declining share price. The company’s new chairman, John McFarlane, hopes that this shake-up will be just what is needed. McFarlane stepped in following the removal of Andrew Moss in May 2012, when Aviva’s stock performance was strikingly weak. He will be taking the axe to sixteen…

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