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Recent Insurance News
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Sun Life to buy Commonwealth's Hong Kong insurance businessSun Life Financial, Canada's second largest insurance provider, has reached an agreement to purchase the Hong Kong insurance operations of the Commonwealth Bank of Australia, for $451 million. | Allstate Insurance adopts Symbility's mobile claims systemCanada's Allstate Insurance has licensed the mobile claims system from Ontario-based Symbility Solutions for its property insurance operations. | Atos Origin wins 10-year outsourcing contract with BritannicUK financial services group Britannic has awarded a 10-year outsourcing contract to French IT firm Atos Origin. | IFRS downgrades Aviva's profit by 5%The new International Financial Reporting Standards, the EU's preferred accounting standard, has caused UK insurer Aviva to wipe 5% off its 2004 profits under the old UK accounting system. | Barclaycard drops out of Nectar allianceBarclaycard, the credit card division of UK bank Barclays, has announced that it is to remove itself from the Nectar loyalty scheme because its customers would prefer alternative incentives. |
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