• Swiss Re Loyal to Troubled Unit, Sees Fast Buyback Tuesday, 11 Dec 2007 | 3:57 AM ET

    Reinsurer Swiss Re said it is committed to the Financial Services unit that was the source of last month's large subprime writedown and said it was likely to speed up its share buyback program.

  • Cevian Capital Takes Stake in Munich Re Friday, 7 Dec 2007 | 8:55 AM ET

    Shares of reinsurer Munich Re rose sharply on Friday after a Swedish investment fund disclosed it acquired nearly 3 percent of the world's second-biggest reinsurer.

  • Big Pharma Events: The Pre-Holiday Crunch Wednesday, 5 Dec 2007 | 10:50 AM ET

    I don't know how they all got clustered together--maybe so many of the major pharmaceutical companies meet with Wall Street in early December so everyone can then take off on long vacations--but my hands are full with three big pharma events in as many days. Yesterday, Merck put out guidance.

  • Swiss Life Shrugs off Credit Crisis, Boosts Targets Tuesday, 4 Dec 2007 | 4:13 AM ET

    Insurer Swiss Life raised its targets on Tuesday, aiming to boost earnings per share by at least 12 percent annually, and said the credit crisis will not hit its results, lifting its shares.

  • Merger Monday Returns Despite Credit Concerns Monday, 3 Dec 2007 | 12:10 PM ET

    Mergers and acquisitions were back Monday as numerous high-profile companies announced plans to tie up despite recent tightness in the credit market and uncertainty over the strength of Western economies.

  • MetLife Sees Earnings Below Wall Street Estimates Monday, 3 Dec 2007 | 11:15 AM ET

    MetLife, the largest U.S. life insurer, Monday forecast fourth-quarter and 2008 earnings below analysts' expectations, sending its shares down as much as 3.4 percent.

  • Marsh McLennan Names New Marsh CEO Monday, 3 Dec 2007 | 10:26 AM ET

    Marsh & McLennan said Monday that Daniel Glaser will become chairman and chief executive of Marsh Inc, the insurance brokerage's main operating subsidiary, effective Dec. 10.

  • Swiss Life to Buy German AWD in $1.7 Billion Deal Monday, 3 Dec 2007 | 4:39 AM ET

    Swiss Life advanced a sweeping restructuring on Monday, unveiling plans to buy German investment adviser AWD in an agreed deal valuing AWD at 1.16 billion euros ($1.71 billion).

  • Genentech: Senate Eyes Avastin "Crack Down" Thursday, 29 Nov 2007 | 11:57 AM ET

    Senator Herb Kohl (D-Wisconsin), the Chairman of the Senate's Special Committee on Aging, has made public a copy of a letter he recently sent to Genentech's President of Product Development, Dr. Susan Desmond-Hellmann--a frequent guest on CNBC--regarding the company's new policy on the use of the eye drug Lucentis.

  • China's Ping An Buys Fortis Stake for $2.7 Billion Thursday, 29 Nov 2007 | 5:07 AM ET

    Ping An Insurance (Group), China's No.2 life insurer, bought a 4.2 percent stake in Dutch-Belgian financial services firm Fortis for $2.7 billion, the latest overseas investment by a Chinese financial firm.

  • Today's Wall Street Journal Heard on the Street column quotes some unnamed "people familiar with the matter" as saying Warren Buffett's Berkshire Hathaway could make big profits by throwing a "lifeline" to bond insurers hurt by excessive fears over credit market losses.

  • Allianz Profit Beats Estimates Despite Dresdner Loss Friday, 9 Nov 2007 | 10:53 AM ET

    Allianz is on course for its 2007 earnings goals despite renewed pain at problem child Dresdner Bank which saw 575 million euros ($845 million) in write-downs in the third quarter and warned of more.

  • AIG Earnings Miss Estimates; Shares Drop Wednesday, 7 Nov 2007 | 5:35 PM ET

    American International Group reported third-quarter earnings of $1.35 per share, sharply missing Wall Street estimates of $1.62.

  • Swiss Re Profit Falls Less than Expected Tuesday, 6 Nov 2007 | 7:00 AM ET

    Net profit at Swiss Re dropped by less than expected in the third quarter, as the world's largest reinsurer benefited from low claims and said damage from a global credit crisis was limited.

  • Munich Re Says May Beat 2007 Profit Target Monday, 5 Nov 2007 | 8:47 AM ET

    Munich Re may beat its 2007 earnings target and has little risk from its remaining subprime investments, the reinsurer said on Monday after lower taxes helped it post a strong rise in third-quarter net profit.

  • Former American International Group chief executive and major stockholder Maurice "Hank" Greenberg said in a filing on Friday that he was considering "strategic alternatives" for the world's largest insurer.

  • Operating earnings at Warren Buffett's Berkshire Hathaway fell slightly in the third quarter, with a big drop in profits for its insurance-underwriting operations.But the company posted a big increase in net earnings due to a $2 billion dollar one-time gain  from sales of investments (PetroChina!)

  • Genentech's Avastin: An "Eye Opening" Disclosure? Thursday, 1 Nov 2007 | 9:44 AM ET

    Yet another chapter in the unfolding saga of Genentech's Avastin being used instead of Lucentis to treat age-related macular degeneration (AMD). The other day I blogged about the new "Open Letter" on the company's homepage announcing that it's delaying the implementation of its attempted crackdown on the cheaper, similar cancer drug being used...

  • Prudential Reports Lower Earnings, Raises Guidance Wednesday, 31 Oct 2007 | 8:02 PM ET

    Prudential Financial, one of the largest U.S. life insurers, said on Wednesday that third-quarter net income fell 25 percent, hurt by investment losses, but operating earnings beat analysts' expectations.

  • MetLife's Third Quarter Flat, Investment Losses Hurt Wednesday, 31 Oct 2007 | 7:58 PM ET

    MetLife, the largest U.S. life insurer, said on Wednesday that net earnings per share were barely changed for the third quarter, as it suffered investment losses, but operating net beatanalysts' estimates.

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