Insurance News
Brief insurance news and digest for the busy executives. A handy insurance news archive with main focus on Malaysia. Disclaimer: While all attempts are made to ensure the accuracy of the news herein, we will not be liable for any loss arising from the use of any information contained in this blog. You may reproduce materials published here provided the source (news.actuaries.com.my) is properly acknowledged.
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Sunday, 19 October 2008
Insurance Shares Fell Sharply
Shares in ING, Prudential and Aviva slided recently as a result of market turbulence.
In UK, share prices of Prudential and Aviva fell sharply. There are indications that the Financial Services Authority (FSA) may ease the capital requirement of UK insurers with writedowns in their investment portfolios.
In Netherlands, ING reported Q3 losses of around US$670 mil, due to US$2.7 bil in various investment losses, write-downs and bad loan provisions. The ING shares fell significantly.
Source: Insurance Daily, The Star
Labels: Aviva, ING, Prudential
About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
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