WASHINGTON, Sept 30- The U.S. Insurers American International Group and Prudential Financial have already received this designation, and regulators are considering applying it to MetLife too.» Read More
Bermuda based re-insurers were crushed by massive claims during last year's record hurricane season. But they've apparently bounced back to record billions in profits--thanks to almost no disaster claims this year. That's good news for share prices--but investors might what to look before they leap. In today's Stock Screener on "Power Lunch"--Ian McDonald from The Wall Street Journal gave a couple of his "picks."
Insurance Australia Group Ltd. has agreed to buy British auto insurance underwriter Equity Insurance Group for $1.13 billion, its second acquisition in the UK market.
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