NEW YORK-- American International Group Inc. said Monday that it will spend $718.1 million Hong Kong dollars in a rights offering by Chinese insurance company PICC Property and Casualty Company Ltd.. The company is a subsidiary of The People's Insurance Company of China Ltd. and is traded in Hong Kong.
FRANKFURT, May 16- Emerging markets will see the highest growth in premiums for insurance companies this year and next, while Europe lags, according to the world's biggest reinsurer, Munich Re. In a study published on Thursday, Munich Re forecast growth in property-casualty insurance premiums of about 6 percent in Eastern Europe and Latin America in 2013-2014..
MEXICO CITY, May 13- The Mexican unit of insurer Marsh& McClennan Companies Inc said on Monday it is launching a policy that will cover terrorism, organized crime and sabotage, the first such policy available in a country wracked by drug-related violence.
**RADCOM LTD, $4.05, up 53 pct. **DELCATH SYSTEMS INC, $0.43, down 45 pct. **LINKEDIN CORP, $181.69, down 10 pct.
**RADCOM LTD, $4.05, up 53 pct. **DELCATH SYSTEMS INC, $0.43, down 45 pct. **LINKEDIN CORP, $181.69, down 10 pct.
**RADCOM LTD, $4.05, up 53 pct. **DELCATH SYSTEMS INC, $0.43, down 45 pct. **LINKEDIN CORP, $181.69, down 10 pct.
**LINKEDIN CORP, $186.46, down 8 pct. **VIVUS INC, $13.28, up 3 pct. Arena said on Thursday that it pulled its application seeking approval for its anti-obesity treatment Belviq in the European Union, lowering competition for rival Vivus, whose obesity pill was recommended for European approval by regulators late last month.
**LINKEDIN CORP, $186.46, down 8 pct. **VIVUS INC, $13.28, up 3 pct. Arena said on Thursday that it pulled its application seeking approval for its anti-obesity treatment Belviq in the European Union, lowering competition for rival Vivus, whose obesity pill was recommended for European approval by regulators late last month.
**LINKEDIN CORP, Thursday close $201.67, down 9 pct premarket. **VIVUS INC, Thursday close $12.95, up 4 pct premarket.
*Eldorado Gold Corp posted a first-quarter loss on Thursday, hit by $125.2 million charge related to a change in the Greek tax rate. *Fairfax Financial Holdings Ltd, run by investment guru Prem Watsa, unexpectedly rebounded to a profit in the first quarter, helped by strong underwriting results and investment gains.
**JPMORGAN CHASE& CO, Thursday close $48.08. U.S. government investigators have found that the company had manipulated trading in the California and Michigan electricity markets, the New York Times reported. **LINKEDIN CORP, Thursday close $201.67, down 10 pct after market.
**RADCOM LTD, $4.05, up 53 pct. **LINKEDIN CORP, $181.69, down 10 pct. The U.S. Justice Department is suing the company and its hospice subsidiaries, including the biggest U.S. for-profit hospice chain, alleging false billings for Medicare hospice services.
TALLAHASSEE, Fla., May 2- The Florida Senate sent Governor Rick Scott a bill on Thursday designed to reduce the state's exposure to catastrophic financial losses from a hurricane by gradually steering homeowners away from the state-run Citizens Property Insurance Corp..
TORONTO, May 2- Fairfax Financial Holdings Ltd, the Canadian property and casualty insurer run by investment guru Prem Watsa, unexpectedly rebounded to a profit in the first quarter, helped by strong underwriting results and investment gains. The Toronto- based company said on Thursday it earned $161.6 million, or $7.12 a share, in the fourth quarter.
*1st- qtr operating EPS $1.34 vs estimates $0.87. May 2- Insurer American International Group Inc reported a quarterly profit that beat analysts' estimates, driven primarily by higher operating income in its property and casualty business. Net income fell to $1.98 billion, or $1.34 per share, in the first quarter, from $3.05 billion, or $1.71 per share, a year earlier.
CHICAGO, May 01 Fitch Ratings has affirmed the' A+' Insurer Financial Strength ratings of Cincinnati Financial Corporation's three standard market property and casualty insurance subsidiaries and its life insurance subsidiary.
**MGIC INVESTMENT CORP, Monday close $5.48, down 13 pct premarket. **PFIZER INC, Monday close $30.43, down 3 pct premarket. **ZOETIS INC, Monday close $32.66.
**PFIZER INC, Monday close $30.43, down 5 pct premarket. **ZOETIS INC, Monday close $32.66. **NUANCE COMMUNICATIONS INC, Monday close $23.3, down 8 pct premarket.
ABUJA, April 29- Pirates have kidnapped five crew members from a cargo ship off Nigeria, a piracy watchdog and a security source said on Monday, part of a growing trend of attacks that are pushing up maritime insurance costs in the Gulf of Guinea.