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Property and Casualty Insurance

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  • *Q1 operating profit $2.53/ share, a cent below estimate. *Pretax net investment income down about 20 pct to $592 mln. April 21- Property and casualty insurer Travelers Cos Inc's quarterly net profit fell 21 percent, narrowly missing analysts' estimates, as low interest rates and a drop in value of its energy investments squeezed the company's net investment income.

  • April 21- Property and casualty insurer Travelers Cos Inc reported a 21 percent fall in quarterly net profit due to lower net investment income and a drop in underwriting gains. The company said net income fell to $833 million, or $2.55 per share, for the first quarter ended March 31, from $1.05 billion, or $2.95 per share, a year earlier. Pretax net investment income...

  • UK housing supply and demand imbalance   Monday, 20 Apr 2015 | 11:50 AM ET
    UK housing supply and demand imbalance

    Ahead of the UK elections, Miles Shipside, housing market analyst at Rightmove, talks about the mansion tax debate and the U.K. housing sector in general.

  • Is the property market booming or bubbling?   Thursday, 16 Apr 2015 | 11:15 AM ET
    Is the property market booming or bubbling?

    Peter Hobbs, research managing director at MSCI,discusses property markets across the world.

  • Investing in European real estate   Thursday, 16 Apr 2015 | 4:15 AM ET
    Investing in European real estate

    Eric Assimakopoulos, founder and managing partner at Revetas Capital, says that investors are looking to Central and Eastern Europe for value in the property market.

  • The health of the US housing sector   Tuesday, 31 Mar 2015 | 5:40 AM ET
    The health of the US housing sector

    Shari Olefson, director of The Carnegie Group, talks about the opportunities and pitfalls in the U.S. housing sector right now.

  • Are UK house prices on the rise?   Thursday, 12 Mar 2015 | 12:40 PM ET
    Are UK house prices on the rise?

    Simon Rubinsohn, chief economist at RICS, discusses house prices in the U.K. and how they vary.

  • MUNICH, Feb 26- German insurer Allianz raised its dividend by less than expected after earnings in its core property and casualty insurance businesses lagged and asset management stalled following client defections at its U.S. unit Pimco. Shares in Europe's largest insurer fell more than 3 percent on Thursday and were the biggest decliners in Germany's blue...

  • The health of the U.S. housing sector   Tuesday, 24 Feb 2015 | 5:50 AM ET
    The health of the U.S. housing sector

    Shari Olefson, director at The Carnegie Group, explains what factors are affecting the U.S. housing market.

  • TORONTO, Feb 17- Fairfax Financial Holdings, the Canadian property and casualty insurer run by contrarian investor Prem Watsa, said it would buy Brit Plc for some $1.88 billion to become one of the top five underwriters on the Lloyd's of London market. The Brit deal comes a month after XL Group snapped up Lloyd's of London's Catlin Group for $4.22 billion, and is the...

  • Feb 17- Fairfax Financial Holdings Ltd, the Canadian property and casualty insurer run by contrarian investor Prem Watsa, said it would buy Brit Plc for about $1.88 billion to become one of the top five underwriters on the Lloyd's of London market. Brit shareholders will receive 305 pence per share in cash, comprising 280 pence in cash and an expected dividend of...

  • Feb 16- Fairfax Financial Holdings Ltd, a Canadian property and casualty insurer, said it would buy Brit Plc, a specialty insurer and reinsurer, for about $1.88 billion to gain a significant presence in the Lloyd's of London market. Investor Prem Watsa- led Fairfax said it has received hard irrevocable undertakings to accept the offer from entities managed by...

  • NEW YORK, Feb 12- American International Group Inc reported lower-than-expected fourth-quarter earnings on Thursday as low interest rates and refinancing expensive debt hurt the insurer's results. The New York- based company, the largest commercial insurer in the United States and Canada, reported a 67 percent drop in net income to $655 million, or $0.46 per...

  • NEW YORK, Feb 12- Insurer American International Group Inc reported lower-than-expected fourth-quarter earnings on Thursday, hurt by the performance in its corporate category. AIG also declared a dividend of $0.125 per share and increased its share repurchase authorization to up to $2.5 billion. The U.S. insurer's net income fell 67 percent to $655 million,...

  • WASHINGTON, Feb 11- The Federal Housing Administration is not putting its finances at risk by reducing insurance fees it charges lower-income home buyers, the top U.S. housing official said on Wednesday. "Our actions maintain a careful balance between strengthening our fund and advancing our mission," Housing and Urban Development Secretary Julian Castro, who...

  • Feb 10- Genworth Financial Inc reported a bigger-than-expected quarterly loss as the U.S. life and mortgage insurer took an after-tax charge of $478 million related to long-term care policies it bought before 1996.. Genworth said it was carrying out a restructuring plan targeting more than $100 million in pre-tax cash savings over the next two years.

  • Feb 9- Genworth Financial Inc reported a bigger-than-expected quarterly loss as the U.S. life and mortgage insurer took an after-tax charge of $478 million related to long-term care policies it bought before 1996.. Genworth said it was carrying out a restructuring plan targeting more than $100 million in pre-tax cash savings over the next two years.

  • Trying to improve your finances? Don't forget these Monday, 9 Feb 2015 | 9:00 AM ET

    Do you have a will, a budget or life insurance? For most Americans, the answer is "no." What planning documents you need, when.

  • Feb 9- Hotel, energy and financial services conglomerate Loews Corp reported a 13 percent fall in quarterly profit from continuing operations, mainly due to lower investment income. CNA Financial Corp, Loews's largest subsidiary, reported a 10 percent fall in profit due to lower net written premiums. Loews also controls Boardwalk Pipeline Partners LP and...

  • Europe: Where to invest in real estate?   Thursday, 5 Feb 2015 | 11:20 AM ET
    Europe: Where to invest in real estate?

    David Hutching, head of EMEA investment strategy at Cushman & Wakefield talks about investing in real estate and how different European markets are currently looking.