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Property and Casualty Insurance

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  • 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.

  • Feb 4- Allstate Corp, the largest publicly traded home and auto insurer in the United States, reported a higher-than-expected quarterly profit as it earned more premiums, and the company said it would buy back $3 billion in shares. Allstate's shares, however, fell 2.5 percent in extended trading after the company said claim frequency for auto insurances rose in...

  • Feb 4- Intact Financial Corp, Canada's largest property and casualty insurer, reported a near-doubling in quarterly profit, driven by higher underwriting income as claims related to natural disasters fell. Intact, the former Canadian insurance arm of Dutch financial group ING Groep, said catastrophe losses fell by C $45 million from a year earlier when severe...

  • Feb 4- Intact Financial Corp, Canada's largest property and casualty insurer, reported a near-doubling in quarterly profit, boosted by strong growth in underwriting income. The company's net income rose to C $205 million, or C $1.52 per share, in the fourth quarter ended Dec. 31, from C $107 million, or 77 Canadian cents per share, a year earlier. Underwriting income...

  • Jan 29- Property and casualty insurer Chubb Corp's quarterly operating profit rose 3.4 percent as premium income increased. The company's consolidated operating income rose to $544 million, or $2.29 per share, in the fourth quarter ended Dec. 31, from $526 million, or $2.07 per share, a year earlier. Chubb also approved a share buyback program of up to $1.3 billion.

  • Jan 22- Property and casualty insurer Travelers Cos Inc reported a 5 percent rise in quarterly net profit, helped by higher underwriting gains and lower losses from natural disasters. The company reported operating earnings of $3.07 per share for the fourth quarter ended Dec. 31. The company said net income rose to $1.04 billion, or $3.11 per share, in the fourth...