Researchers say that most of the Pacific's earthquake zones are capable of generating shocks at least as strong as magnitude 9, NBC News reports.» Read More
Swiss Re reported a consensus-beating first quarter net profit of 1.3 billion sfr, a 54% increase over the year-earlier period, due to a continuing good performance across all business segments.
Auto and home insurer Liberty Mutual Group will buy Ohio Casualty for $2.7 billion, the companies said, boosting the number of independent insurance agencies offering Liberty's products to nearly 10,000 nationwide.
Munich Re promised to return over 8 billion euros ($10.9 billion) to its shareholders through 2010, answering criticism it was not doing enough to drive up its stock price.
Allianz said first-quarter net profit rose to 3.2 billion euros ($4.4 billion) from 1.8 billion euros ($2.4 billion) on a "very favourable development" on the capital markets.
MetLife, the largest life insurer in the United States by assets, said that earnings rose in the first quarter, matching analyst estimates, as total premiums, fees and other revenues climbed 6%.
Loewssaid first-quarter profit rose 42%, topping Wall Street forecasts, helped by better-than-expected results from its insurance, tobacco and oil drilling units.
Ronald Williams, chairman and chief executive officer of Aetna, said meeting the needs of its private customers –- not government reimbursements –- boosted first-quarter earnings.
WellPoint reported higher first-quarter profit on Wednesday, helped by gains in membership.
Aflac reported a first-quarter profit of 82 cents a share, topping analysts' forecasts and rising 10 cents a share from the same period last year. Consensus estimates of equity analysts following the stock stood at 79 cents a share.
British insurer Aviva posted a 16% rise in life and pensions sales on Tuesday, boosted by U.S. business, with its newly acquired AmerUs unit making its first full quarter's contribution.
The Insurance Institute for Highway Safety released their status report Thursday on 2002-05 driver deaths from vehicles manufactured between 2001-04 and the findings show that larger vehicles tend to be safer in auto accidents. Larger vehicles can experience less problems when equipped with electronic stability control technology.
Allstate Chief Financial Officer Dan Hale said the insurer continues to reduce its exposure to homeowner policies in Florida following the effort by the state to reduce premium costs.
Life insurer Prudential reported first-quarter sales of £640 million on an Annual Premium Equivalent basis, up 8% compared with the same period a year earlier.
Swiss midcap reinsurer Converium Holding reported a first quarter net profit of $150.9 million, up from $61.6 million last year, boosted by a tax valuation allowance of $85 million and the realization of $30.3 million in capital gains.
Converium Holdings has issued an appeal to Scor shareholders urging them to vote against the French insurer's capital increase at its AGM on Apr 26, thereby blocking the takeover bid for Converium.
Celeb and champion poker player Chris Moneymaker widens his lead in first place to almost $60K with the smart bet on Rio Narcea Mines which was up 3.33%, and Garson lost on Mattel which was down 0.85%. AND--maybe more importantly-- Hall of Fame catcher Johnny Bench moves up two more spots from 8th to 6th on gains in American Oriental Bioengineering and CKX . Go, Johnny go!
A nor'easter battered the East with strong wind and pouring rain Sunday, grounding hundreds of airline flights, downing power lines and threatening severe coastal flooding overnight.
China's Everbright Bank is poised to buy a 35% stake in the Shanghai-based fund management joint venture of U.S. insurer Prudential Financial, two sources close to the situation said on Monday.
Swiss reinsurer Converium Holding on Friday urged shareholders to reject a $800 million hostile takeover from French rival SCOR.
A question that eventually arises when financial planners talk about getting fiscally fit is: how much money do I need so I can retire comfortably. To be frank, I hate that question.Not because the intention is incorrect but because it approaches life in a technical way. Most people I know - and I'm betting plenty you know as well - do not want to think about ageing, much less think about what they want to do when they retire.
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