GO
Loading...

Insurance

More

  • NY Suggests that Bond Insurers Be Spared Downgrades Tuesday, 29 Jan 2008 | 4:29 AM ET

    Officials with the New York State Insurance Department have reached out to Wall Street bond rating agencies to suggest that they postpone a downgrade of bond insurers until the state can develop a bailout package for the troubled sector, CNBC has learned.

  • NY Suggests that Bond Insurers Be Spared Downgrades Tuesday, 29 Jan 2008 | 4:29 AM ET

    Officials with the New York State Insurance Department have reached out to Wall Street bond rating agencies to suggest that they postpone a downgrade of bond insurers until the state can develop a bailout package for the troubled sector, CNBC has learned.

  • Prudential's Sales Rise 16%, Beat Forecasts Tuesday, 29 Jan 2008 | 3:16 AM ET

    British life insurer Prudential reported a 16 percent rise in 2007 sales on Tuesday, just above analysts' forecasts, helped by a deal with Equitable Life in the fourth quarter and continuing strength in Asia.

  • FDA Speaks on Merck & Schering's Vytorin Friday, 25 Jan 2008 | 6:59 PM ET

    I listened in to the hour-long Food and Drug Administration conference call with reporters regarding Vytorin, and I wanted to pass along a few highlights...

  • Stocks Close Higher For Second Day in Row Thursday, 24 Jan 2008 | 2:50 PM ET

    Stocks closed higher for the second straight day on positive signs for the economy and strong earnings report.

  • Allianz Hits 2007 Goal Despite Subprime Thursday, 24 Jan 2008 | 9:14 AM ET

    Europe's largest insurer Allianz dispelled investor worries of big subprime write-downson Friday by revealing it had hit its 2007 profit targets despite the credit turmoil in the fourth quarter.

  • Warren Buffett Takes a Piece of Swiss Re's Future Action Wednesday, 23 Jan 2008 | 3:54 PM ET

    Berkshire Hathaway is getting a big piece of Swiss Re's insurance action as the world's largest reinsurer hooks up with Warren Buffett in what one analyst calls "an odd coupling."  The deal appears to show Buffett is confident of better times to come for reinsurers.

  • Prudential Jumps on Ping An Stake-Plan Report Wednesday, 23 Jan 2008 | 11:34 AM ET

    Shares in British insurer Prudential jumped over 10 percent on Wednesday after Ping An was reported to be close to taking a $13.8 billion stake in it amid mounting talk China's insurers are looking to invest in western peers.

  • Pfizer Doing Its "Best" To Help Dow And Pharma Sector Wednesday, 23 Jan 2008 | 11:27 AM ET

    As I write this at the start of the second hour of regular trading, Pfizer is hangin' on to a small gain. It's the only big pharma stock trading higher this morning and for a moment after the opening bell it was the only Dow component in the green. (Merck and Schering-Plough, still reeling from the Vytorin/Zetia study, are getting pummeled again in the early going--each down more than a buck.)

  • Berkshire Hathaway Buys 3% of Swiss Re Wednesday, 23 Jan 2008 | 2:39 AM ET

    Swiss Re said on Wednesday it would  increase its share buyback programme after it signed a reinsurance contract with Berkshire Hathaway, which also bought 3 percent of its shares.

  • Cramer on Fed: It's a Start Tuesday, 22 Jan 2008 | 12:30 PM ET

    Tuesday's emergency rate cut shows that Bernanke has a pulse, Cramer says, but it won't be enough to stop the bleeding in the financial markets. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • UnitedHealth Profit Rises on Medicaid Revenue Tuesday, 22 Jan 2008 | 6:44 AM ET
    United Health Group

    UnitedHealthsaid on Tuesday that fourth-quarter earnings rose 3 percent, in line with Wall Street's target, helped by improved performance in its Medicaid plans for low-income Americans.

  • Just weeks after closing at an all-time high in mid-December, shares of Warren Buffett's holding company Berkshire Hathaway are falling deeper into 'correction' territory.  Berkshire ended today's trading at $126,400 each.  That's down more than 15 percent from the December 10 record closing high of $149,200. Is Berkshire now a bargain?

  • Merck, Schering in Vytorin Victory Wednesday, 16 Jan 2008 | 12:40 PM ET

    The American College of Cardiology is weighing in on the controversial ENHANCE study that has battered shares of Merck and Schering-Plough over the past couple of days. Most notably I think is that the ACC says, "There should be no reason for patients to panic."

  • Ambac Cuts Dividend, Plans to Raise $1 Billion Wednesday, 16 Jan 2008 | 8:24 AM ET

    Hard-hit bond insurer Ambac Financial Wednesday slashed its quarterly dividend, announced plans to raise $1 billion of new capital and named an interim chief executive as it scrambles to maintain a triple-A credit rating.

  • Merck And Schering Plough: "Enhancing" A Franchise? Monday, 14 Jan 2008 | 2:13 PM ET

    The highly anticipated results of the study that goes by the acronym "ENHANCE" are out this morning. You can see what it stands for in the companies' press release. (I wonder how many meetings and brainstorming sessions go into coming up with some of the industry's clinical trial acronyms and abbreviations.)

  • After ending 2007 with a gain of almost 29%, their best year since 1998, shares of Warren Buffett's Berkshire Hathaway have been showing some weakness in the New Year. Today's "Ahead of the Tape" column in The Wall Street Journal has an idea about what's pulling down BRK.

  • On the Line: NY Insurance Superintendent Eric Dinallo Thursday, 10 Jan 2008 | 11:06 AM ET

    The country's top insurance regulator tells Cramer his plan to get the business back on track - and why he reached out to Berkshire Hathaway.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Central Park and midtown Manhattan are shown in this aerial view Wednesday, Aug. 29, 2007, in New York. (AP Photo/Mark Lennihan)

    Warren Buffett's brand-new municipal bond insurer, Berkshire Hathaway Assurance Corporation, has sold its first coverage, backing a $10 million bond issued by New York City yesterday.  Ajit Jain, who runs Berkshire's insurance businesses, tells the New York Times, "We're tip-toeing into the market, doing very small deals. We want to see if we can get the pricing that we find acceptable to us. Once we find this is real, we'll put in a lot more capital." He also describes how a call from a New York regulator played a key role.

  • The man who oversees the insurance operations for Warren Buffett's Berkshire Hathaway tells CNBC that Berkshire is talking with troubled bond insurers like MBIA and Ambac about a possible partnership or purchase, although it doesn't sound like anything major is imminent.  Ajit Jain's comment came in response to a question from Erin Burnett in a live interview on CNBC's Street Signs about why Berkshire chose to "build" its own bond insurer rather than buy an existing company like Ambac or MBIA.

Contact Insurance

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More

Most Popular Video

Wednesday, 23 Apr 2014 | 7:33 AM ET

J. Michael Pearson, Valeant Pharmaceuticals chairman & CEO, explains why he decided to pursue Allergan and shares his R&D business model, with CNBC's Kate Kelly. This year we are launching 19 products in the United States, says Pearson.

Wednesday, 23 Apr 2014 | 6:13 AM ET

Chris Caso, Susquehanna Financial Group analyst, shares his outlook on Apple in the second half. Apple needs to show shareholders the next new thing, says Caso.

Wednesday, 23 Apr 2014 | 4:10 AM ET

Fraser Howie, director at Newedge Singapore, says the PMI data reveals China is "in a bit of a rut" and that the government has a "horrible problem" as it can't bring out too much stimulus.