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Korea's Samsung Fire & Marine Q3 net profit jumps

(Bestwire) South Korea's Samsung Fire & Marine Insurance Co. Ltd reported a 31.5% rise in net profit to 434bn won (US$316.7m) in the first three quarters of its 2008 fiscal year.

Net premium income rose 8.7% to 6.73trn won, compared with 6.19trn won a year earlier, according to the insurer.

In the first three quarters of the 2008 fiscal year, which ends March 31, the nonlife

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FCA ends premium finance probe looking like a tired parent

Editor’s View: Two years after the Financial Conduct Authority kicked off about premium finance, Emma Ann Hughes feels the regulator’s market study final report felt more like finger-wagging from a worn-out parent than meaningful action from a watchdog with a powerful bite.

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