Overall insurance industry sales should rise this year as the improving world economy boosts spending on life insurance after it flagged during the crisis, according to a study from Swiss Re on Tuesday.

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Shares in England cricket team sponsor Brit Insurance have leapt 20% after the firm rejected a takeover approach.

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Around 85 new jobs are to be created by the Zurich insurance group, Enterprise Minister Batt O’Keeffe has announced.

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The British government has agreed to insure UK banks against risky financial assets in a scheme that could cost the taxpayer up to £600 billion.

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Taiwan’s China Life (2823.TW) will buy most of Prudential Plc’s (PRU.L) local insurance business, with the UK firm taking around a 10 percent stake in China Life, valued at T$2.18 billion ($64 million), the companies said.

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Britain’s anti-monopoly agency said Thursday it will ban the sale of insurance on loan repayments made along with a credit agreement, because it believes the practice allows for little competition in the market.

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