WASHINGTON, June 22, 2015 /PRNewswire-USNewswire/ — The Export-Import Bank of the United States (EXIM) Chairman and President Fred Hochberg announced today in New Castle, Delaware that the Bank will finance the sale of Acrow Corporation of Americas modular steel bridge components to the Road Development Agency in the Republic of Zambia (ROZ).EXIM will guarantee a $73 million commercial loan to facilitate the export of 144 steel bridges. This action is expected to support approximately 200 jobs at Acrows manufacturing facility in Milton, Pennsylvania along with thousands more in Delaware, New Jersey and several other states.
In pursuit of its congressional mandate to support the export...
The sessions will focus on a range of topics including: income protection and state benefits; how to make income protection affordable for every budget; and tools to help advisers discuss and demonstrate the value of income protection to their clients.
Myles Rix, managing director of LV Protection, said: These seminars are designed to help advisers overcome the barriers that many face when selling income protection. We ran nine of these sessions at the start of the year which had a great response and received such positive feedback that we have organised additional sessions.
We believe that income protection is the most relevant protection product for working adults in the UK and we are committed...
Bundesbank President Jens Weidmann said the European Central Bank’s approval of Emergency Liquidity Assistance for Greek lenders raises “serious” concerns about monetary financing, which is prohibited under European Union rules.
“When banks without access to the markets buy debt of a sovereign which is likewise locked out of the market, taking recourse to ELA raises serious monetary-financing concerns,” Weidmann, who sits on the ECB’s Governing Council, said in a speech in Frankfurt on Thursday. “The Eurosystem must not provide bridge financing to Greece even in anticipation of later disbursements.”
Weidmann’s remarks came...
Jonathan Stapleton, editor-in-chief of Workplace Savings and Benefits
Julian Nurse, corporate claims account amp; technical manager at Aviva
Paul Avis, marketing director at Canada Life
Jonathan Stapleton: How can group risk be used to help monitor and reduce sickness absence rates?
Julian Nurse: The key for me is making sure the group income protection provider is involved in the absence management strategy of the company. We know that identifying absence is always a challenge for a lot of employers, but even when you can identify the absence, it is about knowing what to do with it. Group income protection providers can offer fantastic early support for early...
Fixed rates are often dearer than variable, meaning that you pay a premium for the security of knowing exactly what your repayments will be for a set period of time.
However, there are some exceptions available at the moment where the fixed rate is actually lower than the variable. This is something of an anomaly that illustrates the uncertainty about the future direction of interest rates in general. Before making a decision, you should consider these points.
Although the ECB has little or no scope to reduce the base interest rate below its current rate of 0.05pc, it is conceivable that your lender may decide to reduce its retail rates during the next three years.
London A world anti-money laundering body has deleted all trace of an alert it issued last week warning that financial institutions had not done enough to police suspicious financial activity by officials at FIFA, soccers global governing body.
The alert, on the website of the Paris-based Financial Action Task Force, was originally posted on June 16, almost three weeks after US authorities indicted nine current and former FIFA officials and five business executives on a series of corruption charges, including bribery, money laundering and wire fraud.
In the statement, FATF said that recent reports about alleged corruption and money laundering activities on a large scale by several...
The group risk industry paid more than pound;1.26bn worth of claims last year supporting 24,570 families.
However, according the first statistics published on the subject, just 1,500 employees returned to work following rehabilitation from these benefits – a disappointing figure as more than two million staff are covered by group income protection.
Data from group risk trade body Group Risk Development (Grid) found that the main cause of claim across all three products was cancer, with the highest for group critical illness (68%), followed by group life (46%) and group income protection (24%).
For life schemes this was followed by heart disease (16%), by heart attack...
Corporation, a market leading provider of core processing systems
for Life, Accident and Health insurance, has just concluded its
conference in London entitled “A New Vision for Income Protection”. The
event, which was attended by insurers from across the industry and
hosted by FINEOS Chairman, Peter Le Beau, looked at the challenges
facing income protection and considered the social value of IP and how
it could be used to supplement welfare initiatives. There were
presentations and panel contributions from SCOR, the Income Protection
Task Force (IPTF), the Association of British...
But Davey declined to offer any hints to the Boson City Council during a special Friday hearing on the organizations financing plan for the games.
Council members expressed frustration, though some voiced support for other updates revealed in recent weeks, such as proposed new venues for some Olympics events.
Professional Advisers protection detective Kevin Carr delivers his verdicts on five key developments in the protection space in the last month…
1 Youre the one that I want
A survey by ACE Group in Western Europe has found that private medical insurance is the top health amp; protection product consumers would consider buying, followed by critical illness cover.