Directors of Fidelity Life Assurance Company Ltd are advising shareholders should take no action at this level subsequent to insurer Tower Ltd stated that it shall make an unwanted cash and scrip take-over proposal for every Fidelity.
Virgin Money has said that it is planning to enter in the life insurance market soon. The company is all set to introduce itself in the life insurance industry in alliance with Tower Australia.
Both the companies have issued the statement on this in an announcement. For Virgin Money, its managing director Mr. Matt Baxby has informed this fact to the media.
Finance Minister of New Zealand, Bill English has made it clear that the insurance companies have to bear their share of the cost in the Canterbury's earthquake bill.
He said that the government is trying hard to make sure that the insurance companies also do their bit when it comes to sharing costs for natural calamities like the earthquake.
Admiral Car Insurance, one of the most vital parts of the Admiral Group in Cardiff, gave a statement yesterday saying that its customers in the UK increased by 23% in the first two fiscal quarters of 2010, followed by an evident increase in premiums and in revenue, pushing away the failure of the television marketing of Confused.com, the Company’s official website, to show any success.
Largest insurance company, American International Group has announced that it will be paying back part of the government assets worth $4 billion. The insurance giant has sold off a part of its debts to be able to make what is the largest cash payment made by it so far after the bailout package was given.
In the United States, the health care reform policy mainly concentrates on revenues rather than citizens’ health.
It is worth mentioning that in America many people don’t opt for health care, as the private insurance companies keep increasing the premium amount in order to pay salaries of many bigwigs who already draw huge pay package.