Leading advisers praised Mr Kane who said insurers should not pay for risks linked with banking.

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We recently watched the fiasco of Prudential offering to buy AIA for US$35.5 billion. The US government owns 80 per cent of AIA and accepted the offer. Shortly thereafter, Prudential decided that it was paying too much and lowered its price to US$30 billion. The US wouldn’t go for it and the deal fell through.

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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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It suggested elderly drivers and holidaymakers are paying an extra £300 for the popular types of cover just because of their age.

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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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A new study by the Chicago-based American Medical Association is scrutinizing the health insurance industry.

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Northern Ireland insurance broker Hughes Insurance has announced plans to invest £2m on expanding its headquarters in County Down.

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Lloyd’s of London, the world’s biggest insurance market, has reported a 39% rise in profit, after a “relatively low” level of catastrophe claims.

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Insurance industry executives worry about the effect of regulation on their performance over the next few years, but disagree on how financial service regulatory reform should unfold, according to a recent survey.

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For years the insurance industry has fought on Capitol Hill for an optional federal charter for insurance agents, as opposed to the piecemeal state-based system that has existed for a century.

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