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Prudential counts the cost of failed AIA bid

British insurance giant Prudential has said the cost of its failed bid for AIA, the Asian arm of US company American International Group (AIG), is £377 million before tax relief. However, it is less than originally thought. Following the collapse of the...

Published 08-12-2010 8:50 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Insurance News, Prudential, shareholders, Company News, bid, profits, cost, failed, AIA, snub

Road rage to blame for one in three fatal accidents

Over a third of fatal accidents on Britain’s roads are caused by road rage, according to new research. The study by AXA insurance found 800 lives are lost every year through road accidents caused by angry drivers. More than one in three (35%) serious...

Published 08-04-2010 2:28 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Insurance News, car insurance, AXA, premiums, road rage

No courtesy car on most car insurance

Nearly half of car insurance providers do not provide a courtesy car as standard, research by Defaqto found. The study found 49% of car insurance policies would not provide a replacement car following an accident. A further 28% only offer a replacement...

Published 06-30-2010 3:58 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, UK, research, Insurance News, car insurance, Defaqto, courtesy car

Travel insurance rarely covers airline failure

Only a quarter of travel insurance policies offer cover if the policy holder is stranded because their airline has gone bust, according to a new study. The research by Defaqto found 77% of travel insurance policies do not cover airline failure. Even insurers...

Published 06-29-2010 8:32 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, UK, research, Insurance News, travel insurance, Defaqto, airline failure

Brit Insurance reject takeover approach

Brit Insurance has rejected a takeover bid of £10-a-share from US private equity firm, Apollo. Following the news, shares in Brit soared 20% after the company said the offer “significantly undervalues” the group. Brit, which became the England...

Published 06-13-2010 6:38 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Insurance News, shares, Company News, reject, takeover, consider, approach, undervalue, Brit Insurance, fresh bid, Apollo

Prudential has no plans for renewed AIA bid

British insurance giant Prudential has today said it has no plans for a renewed bid for AIA, the Asian arm of US company American International Group (AIG). The statement came after media reports today suggested that a fresh takeover deal was in the pipeline...

Published 06-06-2010 6:12 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Insurance News, Prudential, shareholders, Company News, bid, takeover, reports, speculation, AIA, misguided, inaccurate, renewed

Prudential/AIA deal collapses

British insurance giant Prudential has abandoned its $35.5 billion (£24.6 billion) takeover of AIA, the Asian arm of US company American International Group (AIG). Several Prudential shareholders said they would not approve the takeover unless the Pru...

Published 06-02-2010 8:39 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, deal, Insurance News, Prudential, shareholders, Company News, collapse, rights issue, AIA, price tag, related costs, break up fee, snubbed

Prudential deal with AIA on verge of collapse

British insurance giant Prudential has failed to renegotiate the price of its takeover of AIA, the Asian arm of US company American International Group (AIG). The deal now looks set to collapse after AIA snubbed the lower price tag of $30.375 billion...

Published 06-01-2010 12:41 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, currencies, deal, Insurance News, shares, Prudential, Company News, collapse, fail, rights issue, takeover, Asia, lower, AIA, snub, price tag

Prudential deal may be scrapped if price not right

It has been reported over the weekend that insurance giant Prudential may call off the deal with AIA, the Asian arm of US company American International Group (AIG), if the price is not right. It emerged last week that Prudential, which is Britain’s second...

Published 05-30-2010 6:09 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, deal, Insurance News, Prudential, shareholders, price, Company News, abandon, AIA, unhappy

Prudential in renewed AIA talks

Prudential, which is Britain’s second largest insurer, is in fresh talks with AIA, the Asian arm of US company American International Group (AIG). Earlier this week, it was reported that as many as 20% of Pru’s UK investors will vote against the proposed...

Published 05-28-2010 10:26 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, deal, Insurance News, talks, Prudential, Company News, rights issue, acquisition, investors, cost, AIA, renegotiate, unhappy

Travel agents sell rip-off insurance

Travel agents are selling rip-off travel insurance policies to British holidaymakers, Which? has claimed. An undercover investigation by the consumer advice group found travel agents selling policies worth just £20 for up to £80.99. Over half of the travel...

Published 05-25-2010 10:28 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, UK, research, Insurance News, study, Which?, travel insurance, investigation, travel agents

PPI rarely provides adequate cover

“Onerous clauses” on payment protection insurance (PPI) mean that borrowers unable to pay back their loans rarely receive an insurance payout, a finance expert has claimed. David Kuo, director of Motley Fool, said consumers are being duped...

Published 05-21-2010 8:59 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, interest rates, Banking News, Insurance News, Debt News, banks, Loan News, repayments, PPI, David Kuo

Prudential presses ahead with record £14.5bn cash call

Prudential, which is Britain’s second largest insurer, has today outlined details of its £14.5 billion ($21 billion) rights issue, which will be used to help fund its acquisition of AIA, the Asian arm of US company American International Group (AIG)....

Published 05-17-2010 10:44 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Insurance News, Prudential, Financial Services Authority, Company News, rights issue, acquisition, go-ahead, delay, fund, AIA

Bank complaints double on overdraft charges backlog

Over two million consumers complained to their bank during the second half of 2009, more than twice as many as during the first half of the year. Between July and December 2.65 million people made a complaint about a financial company, with 2.2 million...

Published 05-12-2010 9:38 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, UK, Banking News, Insurance News, FSA, banks, complaints, consumers, overdraft fees

Prudential rights issue delayed

Prudential, which is Britain’s second largest insurer, has announced today its $21 billion (£13.8 billion) cash call will be delayed due to intervention by the Financial Services Authority (FSA). The insurance giant was due to embark on the rights issue...

Published 05-05-2010 9:21 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Insurance News, Prudential, Financial Services Authority, FSA, Company News, rights issue, acquisition, fund, intervention, AIA, delayed, committed

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