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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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Axa Partners hit with FCA limitations

Following the Which? super complaint, the Financial Conduct Authority has told Axa Partners UK it cannot grow its current customer base without written permission from the regulator.

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