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12/10/2001
Insurance company face worse losses than expected
Insurance group Royal & Sun Alliance has revealed that its losses resulting from the terrorist attacks on the United States on September 11 were worse than expected.
The group revealed that it faces costs of up to £200 million, £50 million more than was estimated three days after the atrocity.
The figure, which is before tax relief and after reinsurance recoveries, is to be detailed further in the company’s forthcoming third quarter results on November 8.
However, the group has warned that the full impact of the terrorist attacks would not be known for some time. Initial estimates have already placed costs on the insurance industry as between £20-£33 billion ($30-$50 billion).
Royal & Sun Alliance exposure to the impact of the attacks was through aviation, property, worker compensation and business interruption policies. (MB)
The group revealed that it faces costs of up to £200 million, £50 million more than was estimated three days after the atrocity.
The figure, which is before tax relief and after reinsurance recoveries, is to be detailed further in the company’s forthcoming third quarter results on November 8.
However, the group has warned that the full impact of the terrorist attacks would not be known for some time. Initial estimates have already placed costs on the insurance industry as between £20-£33 billion ($30-$50 billion).
Royal & Sun Alliance exposure to the impact of the attacks was through aviation, property, worker compensation and business interruption policies. (MB)
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26 March 2013
Insurance Group To Establish Two IT Hubs In Dublin
Taoiseach Enda Kenny TD, today announced that Zurich Insurance Group is to establish two IT hubs in Dublin with the creation of 112 new hi-tech, high-value jobs. The IT hubs represent an exciting and innovative approach to IT service management and security for Zurich in Europe and globally.
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16 April 2014
Local Insurance Company Removes Common Van Insurance Obstacles
Local company, Find Insurance NI, is going that bit further to make life easier for their van insurance customers. Whether you use your van for business or pleasure, making sure your insurance policy is up to date is one of those necessary evils that you just can’t avoid. The team at Find Insurance NI understand that your time is precious.
Local Insurance Company Removes Common Van Insurance Obstacles
Local company, Find Insurance NI, is going that bit further to make life easier for their van insurance customers. Whether you use your van for business or pleasure, making sure your insurance policy is up to date is one of those necessary evils that you just can’t avoid. The team at Find Insurance NI understand that your time is precious.
10 February 2005
Minister welcomes guidance on business insurance
Enterprise Minister Barry Gardiner has welcomed a new guide that offers practical advice to businesses on purchasing insurance cover.
Minister welcomes guidance on business insurance
Enterprise Minister Barry Gardiner has welcomed a new guide that offers practical advice to businesses on purchasing insurance cover.
16 October 2001
Irish government lobby EU to permit airline aid
The Irish government has stepped up its pressure on the European Commission to allow it to aid troubled airline Aer Lingus. Public Enterprise Minister Mary O`Rourke has been fighting for the right to provide financial assistance for the national carrier at a meeting of the European Union Transport Council in Luxembourg.
Irish government lobby EU to permit airline aid
The Irish government has stepped up its pressure on the European Commission to allow it to aid troubled airline Aer Lingus. Public Enterprise Minister Mary O`Rourke has been fighting for the right to provide financial assistance for the national carrier at a meeting of the European Union Transport Council in Luxembourg.
17 September 2001
Transatlantic flights resume from Ireland
Transatlantic flights to and from Belfast have resumed as regulations covering low-level flights over central London are lifted. The ban over such flights was put in place following last Tuesday’s terrorist attacks in America.
Transatlantic flights resume from Ireland
Transatlantic flights to and from Belfast have resumed as regulations covering low-level flights over central London are lifted. The ban over such flights was put in place following last Tuesday’s terrorist attacks in America.
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