American International Group posted earnings excluding items of $1.15 per share on revenue of $8.62 billion, beating Wall Street estimates.» Read More
Many financial institutions are ready to take a hit on Greek debt, but are wondering where the "line in the sand" will be drawn, Andrew Moss, Aviva CEO, told CNBC.
Aviva is exposed to Ireland, Spain and Italy because it has large life insurance businesses there, Andrew Moss, Aviva CEO, told CNBC. He added that overall, he was comfortable with these exposures.
Jonathan Tepper, Chief Editor of Variant Perception and fund manager at Hinde Capital, joined CNBC to discuss Lloyd's of London's $1 Billion Loss.
The UK should find the right balance between risk and safety, or risk a hemorrhaging of business out of London, Lord Peter Levene, chairman of insurance giant Lloyd's of London chairman warned in a speech late on Tuesday.
The car insurance market in the UK is incredibly competitive, and in 2010 it recorded the worst results ever. That competition has been made more severe because almost 60 percent of people now buy their car insurance on price comparison sites," David Stevens, the COO of UK insurer Admiral, told CNBC during a discussion about the firm's earnings.
Prudential, the UK-based insurer and asset manager, reported a better-than-expected 25 percent rise in half-year profit to 1.06 billion pounds ($1.72 billion) Friday.
Discussing the insurance company's tenth anniversary on the NYSE; the impact of natural disasters on the industry, and the U.S. economy, with Joseph Plumeri, Willis Group Holdings chairman/CEO.
In spite of gloomy news about housing coming from virtually all directions, a new survey reveals that 70 percent of Americans would advise friends and family to buy a house, Thomas Wilson, CEO and chairman of the insurance company Allstate Corporation, told CNBC Friday.