NFU Mutual announces reduction in terminal bonuses

Uniqa Group Austria Jan-Sep premiums up 13%

Uniqa Group Austria, an insurance group, has reported a consolidated premium volume written of E4.43 billion for the first nine months of 2008, representing an increase of 12.6%, compared to E3.93 billion for the same period in 2007.

Aon Trade Credit names new head

UK-based Aon Trade Credit, a credit insurance broker, has appointed Stuart Lawson as its new head to service existing clients and new business.

Legal & General offers capital protection with Growth Investment Plan Plus 17

Legal & General Group, the holding company for a group of risk, savings and investment management businesses, has launched a further tranche in its capital protected investment range with Growth Investment Plan Plus 17.

Allianz and Commerzbank to accelerate change in ownership of Dresdner Bank

The boards of management of Germany-based Allianz and Commerzbank have reached an agreement to accelerate the change in ownership of Dresdner Bank. Thus, with immediate effect, Commerzbank will be purchasing 100% of Dresdner Bank.

ACE Europe appoints director of Scotland

ACE Europe, a part of the ACE Group of Companies and a provider of insurance products, has appointed Colin McKellar as director of Scotland, based in its Glasgow office.

Central Bank of Bahrain grants license to Heritage

The Central Bank of Bahrain has granted a license to UK-based Heritage, an independent provider of captive management and insurance services, for the establishment of a risk and insurance management company based in Manama, Bahrain.

Swiss Life to reduce number of IT projects and cut 200 jobs

Swiss Life has announced that it is changing the division of responsibilities between group head office and the business units and reducing the number of IT projects. It also plans to reduce costs by around CHF90 million up to 2012 and cut nearly 200 jobs in Switzerland.

ISU Group introduces ISU Commuter

US-based ISU Group, an insurance company, has announced the expansion of its product and service offering by introducing ISU Commuter.

Unibanco and AIG to repurchase each other's shares in Brazil joint ventures

Uniao de Bancos Brasileiros and American International Group, or AIG, a provider of insurance and financial services, have entered into an agreement to repurchase their crossholdings in Unibanco AIG Seguros and AIG Brasil Companhia de Seguros.

Saga Insurance increases home and motor cover during December

UK-based Saga Insurance has announced that it will increase home contents and motor insurance cover throughout the month of December 2008.

AIG to rebrand US auto insurance unit to 21st Century Insurance, and cut jobs

American International Group, which has been bailed out by the US government, plans to remove AIG from the name of its US auto insurance unit, aigdirect.com, and rebrand it as 21st Century Insurance in January 2009. The auto unit also plans to cut 6.6% of its workforce.

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