TOKYO, April 21- Japan's Taiyo Life Insurance plans to maintain its holdings of foreign and domestic bonds in the current fiscal year through March 2015, a senior official said on Monday.» Read More
As Americans approach their golden years, many claim they have yet to see a dime from their health insurance providers. In fact, many say they’ve only received excuses about why insurers won’t pay up. The question may be why.
AXA, France's largest insurer, said Friday it agreed to buy half of Banca Monte dei Paschi di Siena's insurance and pensions unit for 1.15 billion euros ($1.54 billion) in cash.
Insurer Standard Life beat market forecasts on Thursday with a 55% rise in 2006 profit and said it planned a shake-up of its core U.K. business, including 1,000 job cuts to squeeze out more costs by 2009.
If you can believe it, we're just almost done with the first quarter of 2007 and that means two things: the cherry blossoms are coming out and it's time to hunker down for some spring cleaning. As you tackle the clutter in your home, why not clean up your finances as well? This is a great opportunity to start planning for a solid financial future. You've just paid off your taxes (or are about to) and you're well entrenched in your job plans for the year. Don't let that momentum slip. Here are my financial rules for 2007 to help you tackle your finances and start the rest of the year on the right foot.
Here some of Tuesday's big movers on European stock markets:Whitbread, Storebrand, Iberia, ABN Amro, Barclays, Friends Provident, Technical Olympic and Deutsche Post.
British insurer Friends Provident's headline profits slipped 3% in 2006 as lower earnings from its asset management arm offset strong volumes and a jump in new business profits.
State Farm Fire & Casualty Co. has agreed to re-examine more than 35,000 policyholder claims filed following Hurricane Katrina and to 'make millions of dollars available' for additional payments, Mississippi Insurance Commissioner George Dale said Monday.
Henry McVey was "not really" surprised by the Feb. 27 market meltdown. But then, the chief U.S. investment strategist for Morgan Stanley says he'd seen the omens in January. He joined CNBC's Maria Bartiromo to discuss what might come next -- and how he's preparing for it.
Swiss reinsurer Converium is looking for rival bidders to fend off Scor's hostile takeover attempt but has not yet received any firm offers, the company said on Friday.
Lloyd's of London insurer Beazley Goup made record pretax profit in 2006, helped by low catastrophe claims and good investment returns, it said on Wednesday.
Swiss Re said General Electric would divest its stake worth around 3.5 billion Swiss francs ($2.9 billion), selling half to Swiss Re and placing the other half in the market.
UK life insurer Standard Life said on Thursday that Gerry Grimstone has been appointed as chairman-elect to take over from Brian Stewart.
Swiss reinsurer Converium Holding sought shareholder support Wednesday to fend off a takeover bid by French competitor Scor, promising higher future profits and a share buyback should the company remain independent.
Reinsurer Munich Re on Wednesday said its fourth-quarter profit dropped by 52% because of a dip in its net investment income.
In 2002, the U.S. government enacted the Terrorism Risk Insurance Act, creating a Federal backup for insurers in the wake of the Sept. 11, 2001 attacks. TRIA expires at year's end. "Power Lunch" guests debated whether it's still a valuable instrument -- or has degenerated into "corporate welfare."
Scor, the French reinsurance company, launched a hostile bid for the remaining shares in Converium Monday, Scor’s Zurich-based rival, but investors held out for more than the $2 billion on offer, Reuters reported. The proposed merger would create one of the world's top five reinsurers.
French insurance giant AXA said Thursday that improving sales in its life insurance and asset management businesses helped lift 2006 profit 18%.
Insurer Allianz on Thursday said fourth-quarter profit rose 57% as fewer claims were made.
Swiss reinsurer Converium Holding said Monday it rejected an unsolicited 3.1 billion Swiss franc ($2.5 billion) offer for the business from Scor, France's largest reinsurer.
Much of the nation took a walloping from the weather in the past week. Some businesses did better than others, partly because of long-range forecasting. But even with the latest technology, it’s still a slippery slope.
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