FRANKFURT, Oct 1- German insurer Allianz, still smarting from the sudden resignation of Bill Gross, founder of its Pimco asset management unit, is expected to break its own age rules by extending the contract of Chief Executive Michael Diekmann on Thursday.» Read More
More than a year into a U.S. housing market meltdown, prosecutors have yet to bring major cases against mortgage industry leaders — and the slump's worst may pass before any charges are filed.
Willis Group Holdings, the world's third largest insurance brokerage, has agreed to buy rival Hilb Rogal & Hobbs for $1.7 billion, according to a statement late on Sunday.
The U.S. Securities and Exchange Commission is investigating whether American International Group overstated the value of contracts linked to subprime mortgages, the Wall Street Journal said on Friday, citing people familiar with the matter.
Investors wary about the recent volatility in the market should focus on stocks that pay dividends, according to David Costa, dean of Robert Kennedy College in Zurich.
Sure, medical insurance can be a pain, but it’s nothing compared to the pain of not having any. So when you’re shopping for coverage, make sure to keep a few things in mind.
Planning for parenthood is a busy – if joyful – affair. Amid the whirlwind of activity, moms-- and dads-to-be often overlook one of the most important steps of parenthood -- getting your legal and financial house in order.
Retirement may be known as the "Golden Years", but make sure you spend them in the black. And forget about the gold watch. Get out your calculator -- you'll need to do some serious math.
Since financial issues are one of the leading causes of marital strife, it helps to think of the relationship as a merger and not an acquisitiion.
Cramer says he likes Emerson, Ralph Lauren and Nucor, too.
Italy's Generali has pulled out of the bidding for Royal Bank of Scotland's insurance arm just hours ahead of a first bid deadline on Wednesday, prompting speculation that interest in the asset is fading.
Insurance Australia Group, which last week spurned a takeover offer by rival QBE, said on Monday its Chief Executive Michael Hawker had resigned with immediate effect, triggering a 3 percent jump in its shares.
QBE Insurance dropped its $8.4 billion bid proposal for Insurance Australia Group after IAG rejected it as too low, triggering an 8 percent slide in IAG's shares.
American International Group Chief Executive Martin Sullivan on Tuesday told investors that the insurance company's recent issue of equity and debt raised in the region of $20 billion, far more than initially expected.
QBE Insurance Group, Australia's top insurer by premium income, raised its bid for smaller rival Insurance Australia Group to $8.3 billion but said it thought the new and final offer would be rejected.
Warren Buffett's Berkshire Hathaway has pulled out of the bidding in Royal Bank of Scotland's 7 billion pound ($13.62 billion) auction of its UK insurance business, the Financial Times reported on Friday.
American International Group Chairman Robert Willumstad said Wednesday the global insurance giant's directors stand behind Chief Executive Martin Sullivan, fending off concerns raised by investors frustrated by two quarters of record losses.
I like to think I have a nose for news. And, some might say, too much of a penchant for puns and alliteration. Impotence drug profits won't be going up big pharma's nose. The tiny New Jersey-based biotech company Palatin Technologies says it's giving up on its experimental nasal spray for erectile dysfunction.
Warren Buffett's new bond insurer has seen its business "skyrocket" since opening for business just five months ago. In a big-picture piece summarizing first quarter results, Dow Jones Newswires compares the early numbers from Berkshire Hathaway Assurance Corp. to the established, and struggling, bond insurers.
Maurice "Hank" Greenberg, former chief executive of American International Group, has said the insurer is in "crisis" and urged a delay in its annual general meeting scheduled for Wednesday, according to a letter he sent to the board.
New York Insurance Superintendent Eric Dinallo said it may make sense to discuss regulating certain segments of the credit derivatives market as if they were insurance products.
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