July 28- Willis Group Holdings Plc, the world's oldest insurance broker, reported a 21 percent jump in second-quarter profit, helped by a lower tax rate, higher fees from South America and China, and acquisitions. Willis' commissions and fees rose 5.3 percent on an underlying basis and 1.6 percent organically, boosted by double digit growth in China and South...» Read More
The UK should find the right balance between risk and safety, or risk a hemorrhaging of business out of London, Lord Peter Levene, chairman of insurance giant Lloyd's of London chairman warned in a speech late on Tuesday.
Prudential, the UK-based insurer and asset manager, reported a better-than-expected 25 percent rise in half-year profit to 1.06 billion pounds ($1.72 billion) Friday.
In spite of gloomy news about housing coming from virtually all directions, a new survey reveals that 70 percent of Americans would advise friends and family to buy a house, Thomas Wilson, CEO and chairman of the insurance company Allstate Corporation, told CNBC Friday.