Credit Suisse files lawsuit against greensill insurers

Credit Suisse in Zürich IAG stated that it was not liable because the group had sold its stake in the subsidiary. (Photo: Archyde.com) Sydney The major Swiss bank has joined Greensill Capital’s creditors and has filed a lawsuit in Australia against insurer Insurance Australia Group (IAG) for compensation. Credit Suisse filed two lawsuits against IAG … Read more

Stable contributions require a large capital stock

pensioner According to the coalition agreement, the SPD, Greens and FDP want to add a capital stock of ten billion euros to the pension insurance system from budget funds this year “in a first step”. (Photo: dpa) Berlin With the establishment of a funded pillar, the federal government wants to ensure more intergenerational equity in … Read more

Allianz sells life insurance portfolio in France

Allianz lettering Associated with the transaction are technical provisions of around 2.1 billion euros. (Photo: Archyde.com) Munich Allianz is selling another old portfolio of life insurance policies. More than 20,000 policies, which were sold exclusively through the French Banque Postale between 2009 and 2019, will be transferred to CNP Assurances, as the Munich insurer announced … Read more

Every third full-time employee is threatened with a gross pension of less than 1,300 euros

Parcel distribution center from Amazon The Ministry of Labor gave information about the calculation after a small request from the left-wing parliamentary group. (Photo: dpa) Berlin Every third full-time employee in Germany is currently threatened with a gross pension of less than 1,300 euros per month after 45 full-time professional years. This is what the … Read more