ING Group News

A.M. Best and Fitch Ratings announced ratings updates. The following are some of the most recent: The Allstate Corp.

Newark-based Prudential Financial Inc., the second-largest U.S. life insurer, may bid on units that ING Groep NV is selling after its bailout by the Dutch government, an analyst at Wells Fargo & Co.

A virus has been detected and can only attack iPhones whose users have disabled some pre-installed security features, according to analysts monitoring the progress of the virus, known as the Duh Worm.

Eric Reguly Published on Thursday, Nov. 19, 2009 12:00AM EST Last updated on Thursday, Nov.

There has been plenty of publicity about the rise and rise of the gold price a ' albeit in US dollar terms, rather than the local currency a ' but platinum has also been performing very well of late.

U.S. sales of fixed annuities were an estimated $21.9 billion in third quarter 2009 according to new data from the Beacon Research Fixed Annuity Premium Study.

Qatar's bonds rose after the largest-ever sale of debt by an emerging-market government received $28 billion of orders, four times the amount issued.

Belgium's KBC Group said Wednesday that the European Commission has approved its restructuring plan and that it will be able to keep its combined insurance and banking model, though it will have to sell some assets.

The dismantling of Wall Street is again making itself felt in a metro Atlanta. After having Duluth-based Primerica under its umbrella for two decades, New York financial giant Citigroup plans to sell stock in and eventually shed the seller of insurance and investment products.

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ING Groep NVa s decision to split off 12 billion euros of insurance businesses is likely to have competitors jostling for its units in emerging markets on three continents, analysts said.

Savings bank ING Direct is currently seeking a fresh consumer PR agency. The bank, which has used Band & Brown Communications for four years, has a pitch list of five agencies including the incumbent.

ING Group's decision to split off its insurance business is attracting a lot of interest and a decision about these units could come as early as the end of year, the company's chief executive said Wednesday.

ING, the Dutch group that has been pressed to split up by European regulators, said Wednesday that both its banking and insurance arms returned to profit in the third quarter as the rebound in equity markets helped offset further losses on mortgage-linked investments.

Press Trust of India Posted: Thursday, Nov 12, 2009 at 2143 hrs IST Updated: Thursday, Nov 12, 2009 at 2143 hrs IST Amsterdam, New Delhi: ING on Wednesday reported 499 million euros profit for the third quarter, as against a net loss of 478 million euros in the year-ago period.

THE HAGUE: Dutch banking and insurance group ING reported a sharp switch into quarterly profit yesterday as it restructured after a government bailout and said it was moving into an "exciting" phase.

The share value of Dutch financial services group ING rose by 5 per cent per cent Wednesday following the release of third-quarter results that showed a net profit of 499 million euros .

ING Groep NV said Wednesday that it swung to a third quarter net profit from a loss a year earlier because of improving investment markets and said its restructuring plans are on target.

ING Vysya Life Insurance on Tuesday launched a unit-linked investment solution-ING Flexi Life Plus, which offers flexibility in premium payments.

Financial services giant ING Group announced last week it will scale back its international operations in order to begin paying back more than 10 billion euros in bail-out money the company accepted last year.