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Insurance News Weekly September 19, 2011

par News Assurances

Europe's largest bank HSBC is in view of selling its non life insurance unit, valued at USD 1.5 billion. The bank is cutting expenses in preparation of Basel III requirements. Already some 30,000 jobs worldwide are to be eliminated by the end of 2013. French Mutual insurer Groupama's financial profile has been set on CreditWatch negative by rating agency Standard & Poor's. Already in may Groupama has lost its 'A-' rating, and now faces further downgrade of up to two notches. Groupama must watch its capital adequacy, and is advise by S&P to reduce its exposure to sovereign debt. The Motor Insurance bureau's Chief Executive, Ashton West, explains what the current legislative events impact the motor insurance premium prices Find all News Insurances videos here : http://live.news-assurances.com/ And here : http://www.newsinsurances.co.uk/toutes-les-videos

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