In a low-rate environment it's hard for our clients to save money through us and have enough income, says Steve Miller, AIG non-executive chairman, discussing how low interest rates are impacting his business.» Read More
Shares in NN Group, the insurance arm of Dutch financial services firm ING Group, rose 5 percent in their stock market debut on Wednesday.
*ING will earn gross proceeds of 1.5 bln euros. AMSTERDAM, July 2- Shares in NN Group, the insurance arm of Dutch financial services company ING Group, rose more than 5 percent on their stock market debut on Wednesday, in what was set to be Europe's largest stock flotation so far this year.
Though sales of cyber-insurance are a fraction of the $1.1 trillion in total premiums, experts see the number growing exponentially.
Reinsurers have been negotiating with insurance company clients in the United States, Australia and Latin America to set the terms and prices for shouldering big risks like hurricane and earthquake damage in contracts that take effect from July 1.
A change in tax rules will make it possible for workers to buy a type of annuity often called longevity insurance inside their retirement plans. NYT.
WASHINGTON, June 30- The U.S. Supreme Court on Monday rejected an appeal by former American International Group Inc Chief Executive Maurice "Hank" Greenberg, who accused the Federal Reserve Bank of New York of unlawfully bailing out the insurer at the height of the 2008 financial crisis.
HONG KONG, June 27- Hong Kong shares ended mixed on Friday after strong gains in the previous session, with weakness in insurance stocks weighing on sentiment. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong slipped 0.3 percent.
HONG KONG, June 27- China shares ended mixed on Friday but recouped some early losses as gains in growth-sensitive metal producers offset a weaker insurance sector. Ping An Insurance Group Co of China shed 1.0 percent, while China Pacific Insurance Group slid 2.8 percent, extending losses after closing at its highest this year on Tuesday.
HONG KONG, June 27- Hong Kong and China shares slipped on Friday after a strong rally the previous session, with losses led by Chinese insurers who pulled back from highs hit earlier in June. The China Enterprises Index of the top Chinese listings in Hong Kong fell 0.8 percent, off 1.4 percent on the week, its worst since late April.
A bill that would force ridesharing companies to buy more insurance was approved by the California State Senate Insurance Committee.
NEW YORK, June 26- U.S. healthcare companies are winning higher profit forecasts, bucking a wider trend on Wall Street, as pricey new biotech drugs hit the market and insurance enrollment rises under the Affordable Care Act.
Since Detroit filed the biggest municipal bankruptcy in U.S. history last July, Syncora has objected to the city's moves nearly every step of the way- from an early agreement with investment banks over interest rate swaps to the more recent "grand bargain" designed to save the Detroit Institute of Arts.
HONG KONG, June 25- The index of Chinese companies listed in Hong Kong edged down to a one-month closing low on Wednesday, weighed down by China banks and insurers, while the benchmark index remained tepid. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong shed 0.7 percent at 10180.05 points, its lowest since May 27.
TOKYO, June 24- Prime Minister Shinzo Abe will announce steps aimed at weakening Japan's powerful farming cooperative as part of a reform package on Tuesday, but the plan has been watered down after lobbying and lacks details. Reforms unveiled last year failed to excite investors and led to a decline in Japan's stock market.
Franklin Lakes, New Jersey- based Western World offers auto and property insurance and, within Validus, it will operate as an independent business led by its current management team. Validus provides reinsurance and insurance services and operates through its three Bermuda- based units- Reinsurance Ltd, Talbot Holdings Ltd and AlphaCat Managers Ltd..
June 23- Reinsurer Validus Holdings Ltd said it would buy specialty insurer Western World Insurance Group Inc for about $690 million in cash.
The agency affirmed Berkshire Hathaway's "AA/A-1+" counterparty credit and "AA+" for insurance financial strength and revised the outlook to stable.
LONDON, June 23- The United States may refuse to apply new global capital rules in the world's biggest insurance market because of the "breakneck speed" they are being pushed through, American regulators said on Monday.
Companies are taking out life insurance policies on their employees, and collecting the benefits when they die. The New York Times reports.
WASHINGTON, June 20- The Obama administration on Friday announced the creation of a new chief executive position to oversee operations of the federal Obamacare marketplace that provides private health insurance to consumers in 36 U.S. states.
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