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May 2013

Global News


Lloyd's returns to profits in 2012

Lloyd's has announced a profit before tax of US$4.52 billion for 2012, following a loss of $800 million in 2011, which had been the costliest year on record for natural catastrophes.

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Variable annuities resilient, says Geneva Association

In its latest report, The Geneva Association said variable annuities in their current form are resilient during financial downturns and do not have any characteristics that threaten financial stability.

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Takaful operators top 200

The number of takaful operators worldwide has increased to 200, with an additional four new companies entering the segment compared to 196 the previous year, latest figures in the World Islamic Insurance Directory (WIID) 2013 have shown.

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