• Australian Insurer QBE Sweetens Bid for Rival IAG Sunday, 18 May 2008 | 10:54 PM ET

    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.

  • Buffett Pulls Out of RBS Insurance Sale: FT Friday, 16 May 2008 | 3:36 AM ET

    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.

  • AIG's Chairman: Board Stands Behind CEO Sullivan Wednesday, 14 May 2008 | 2:00 PM ET

    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.

  • Palatin Technologies: No Nose For Impotence Wednesday, 14 May 2008 | 11:45 AM ET
    Palatin Technologies

    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.

  • Buffett's Bond Insurer Sees Business "Skyrocket" Tuesday, 13 May 2008 | 9:24 AM ET

    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.

  • AIG Sees No Need to Delay Annual General Meeting Monday, 12 May 2008 | 10:41 PM ET

    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.

  • NY Official Hints at Credit Derivatives Regulation Monday, 12 May 2008 | 1:22 PM ET

    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.

  • MBIA Posts $2.4 Billion Loss, But Shares Surge Monday, 12 May 2008 | 7:27 AM ET

    MBIA, the world's largest bond insurer, posted a quarterly loss of $2.4 billion on Monday as it took charges on billions of dollars of exposure to bonds linked to subprime mortgages.

  • Cramer: AIG Chief Must Go Friday, 9 May 2008 | 6:50 PM ET

    Martin Sullivan is so bad that the stock could jump 20% if he's canned, Cramer says.

  • Audience

    Occasionally -- when the bosses will let me -- I take a day to network, learn and maybe pick up a story idea by attending a biotech or healthcare investment conference. Many firms put on the events for their clients and they often invite reporters to hang out. ... The PR guy told me a couple of sessions during the day would be "closed" to me. It wasn't clear what the closed sessions were all about, and so my curiousity was piqued...

  • AIG Loss Wider than Expected; Shares Plunge Thursday, 8 May 2008 | 5:07 PM ET

    American International Group reported a larger-than-expected quarterly loss, and the company's shares fell sharply in late trading.

  • A View from the Top: What the CEOs are Saying Wednesday, 7 May 2008 | 9:39 AM ET

    Chief executives from around Europe discussed their companies' earnings, opportunities and the challenges they face in 2008 with CNBC Europe Wednesday.

  • European Earnings: Adidas Scores Tuesday, 6 May 2008 | 1:17 PM ET

    Germany's Adidas was the highest flyer among European companies reporting earnings Tuesday, with shares surging 5.7 percent higher.

  • UBS To Cut 5,500 Jobs in Subprime Wake Tuesday, 6 May 2008 | 1:15 PM ET

    Swiss bank UBS will cut almost 7 percent of its workforce and said it has a preliminary deal with  BlackRock to sell a $15 billion portfolio of subprime mortgages.

  • Psst! Wanna Buy the 'Next Berkshire Hathaways'? Tuesday, 6 May 2008 | 10:28 AM ET

    Wish you bought into Warren Buffett's Berkshire Hathaway before it was $130,000 per share? James Altucher, managing director at Formula Capital, told CNBC about three stocks that just may be "the next Berkshires." If he's right, investors will want to buy'em while they're low.

  • First-quarter net profit at Swiss Re dropped by half, a bigger fall than expected, and the world's biggest reinsurer announced fresh credit writedowns of 819 million Swiss francs ($776.3 million).

  • Swiss Life Premiums Drop 3%, Says Markets Tough Tuesday, 6 May 2008 | 1:27 AM ET

    First-quarter premium income from continuing operations at Swiss Life dropped 3 percent to 6.6 billion Swiss francs ($6.26 billion), but the life insurer saw no reason to revise its targets.

  • TPG Mulls Bid for RBS Insurance Arm: Report Friday, 2 May 2008 | 3:24 AM ET

    Private equity firm Texas Pacific Group is considering a bid for Royal Bank of Scotland's 8 billion pound ($15.9 billion) insurance arm, the Daily Telegraph said on Friday.

  • MetLife's Profit Drops 37% on Investments Thursday, 1 May 2008 | 7:18 PM ET

    MetLife,the largest life insurer in he United States by assets, said on Thursday first-quarter net income fell 37 percent, hurt by investment losses.

  • Former Merck CEO Prodding Industry On Drug Pricing Thursday, 1 May 2008 | 10:31 AM ET
    Dr. Vagelos

    I didn't post yesterday because I was in Philadelphia shooting a story for an upcoming episode of "The Business of Innovation" on CNBC. It's a piece about big pharma and we went to Philly to interview the still very busy former CEO of Merck (two CEOs ago), Dr. Roy Vagelos.

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