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Recent Automobile Insurance Costs News

Sun Life to buy Commonwealth's Hong Kong insurance business

Sun Life Financial, Canada's second largest insurance provider, has reached an agreement to purchase the Hong Kong insurance operations of the Commonwealth Bank of Australia, for $451 million.

Allstate Insurance adopts Symbility's mobile claims system

Canada's Allstate Insurance has licensed the mobile claims system from Ontario-based Symbility Solutions for its property insurance operations.

Atos Origin wins 10-year outsourcing contract with Britannic

UK financial services group Britannic has awarded a 10-year outsourcing contract to French IT firm Atos Origin.

IFRS downgrades Aviva's profit by 5%

The new International Financial Reporting Standards, the EU's preferred accounting standard, has caused UK insurer Aviva to wipe 5% off its 2004 profits under the old UK accounting system.

Barclaycard drops out of Nectar alliance

Barclaycard, the credit card division of UK bank Barclays, has announced that it is to remove itself from the Nectar loyalty scheme because its customers would prefer alternative incentives.

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