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NEW DELHI/ SEOUL, May 21- India has slashed Iranian oil imports by almost a fifth since December, the sharpest cut among Asian buyers, in a move that should increase its chances of winning a new U.S. waiver next month on sanctions targeting oil trade with Iran.
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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..
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*Munich Re Q1 net profit 972 mln euros vs forecast 931 mln. FRANKFURT, May 7- Low damage claims and rising premiums helped to shield earnings at German reinsurers Munich Re and Hannover Re in the first quarter, as the sector battles to shore up profits amid record low interest rates.
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Tom Carstairs, analyst at Berenberg, highlights that results from European re-insurers have been quite strong and explains why he expects pricing pressure to impact the sector in Q3.
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LONDON, May 7- European equities nudged higher on Tuesday, bolstered by a crop of better-than-expected corporate earnings and with the German DAX index testing tough technical resistance levels en route to record highs.
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LONDON, May 7- European equities nudged higher on Tuesday, bolstered by a crop of better than expected corporate earnings and with the German DAX index closing in on record highs.
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*Munich Re beats forecasts with Q1 net profit. FRANKFURT, May 7- Low damage claims and rising premiums helped shield earnings at German reinsurers Munich Re and Hannover Re in the first quarter, as the sector battles to shore up income against a backdrop of record low interest rates.
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OMAHA, Neb., May 3- Warren Buffett's Berkshire Hathaway Inc on Friday said quarterly profit rose nearly 51 percent on a solid performance in insurance and by many of its other businesses, as well as gains from investments and derivatives.
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OMAHA, Neb., May 3- Warren Buffett's company Berkshire Hathaway Inc on Friday said first-quarter profit rose nearly 51 percent, helped by improved results in insurance and gains from its investments and derivative contracts. Net income increased to $4.89 billion, or $2,977 per Class A share, from $3.25 billion, or $1,966 per share, a year earlier.
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May 2- Cigna Corp said on Thursday that its first-quarter profit rose 39 percent, excluding a previously announced charge, and revenue increased 21 percent.
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George Quinn, CFO of Swiss Re, tells CNBC that their strong result was down to unusual circumstances of no large losses at all combined with a strong underlying profit from the team.
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*Traders cite lingering worries over Cyprus. Luxembourg's finance minister reiterated on Friday that Europe and the International Monetary Fund could not increase their 10 billion euro contribution to the bailout, but worries remain over Cyprus.
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Asset managers including Baillie Gifford and F&C Asset Management now represent 17 percent of overall investment, compared to 12 percent in 2007.. "What has changed in the last few years is that the broader investment community has become much more aware of the asset class," said Adam Alvarez, senior vice-president at Bermuda- based insurer and reinsurer Hiscox.
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NEW DELHI, April 3- India plans to set up a fund of up to 20 billion rupees to back local insurers in offering cover to refiners who process Iranian crude, three government sources said, as sanctions discourage global reinsurers from taking on the risk.
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NEW YORK, March 28- U.S. stock index futures edged up on Thursday and were set to close out a strong quarter, as investors shifted focus from developments in the euro zone and Cyprus to the U.S. economy, which is expected show continued improvements.
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NEW DELHI, March 8- India is set to halt all crude imports from Iran because insurance companies in the country have said refineries processing the oil will no longer be covered due to Western sanctions, the head of refiner MRPL said on Friday. India is Iran's second-largest buyer, taking around a quarter of its oil exports worth around $1 billion a month.
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NEW DELHI, March 8- India is set to halt all crude imports from Iran because insurance companies in the country have said refineries processing the oil will no longer be covered due to Western sanctions, the head of refiner MRPL said on Friday. India is Iran's second-largest buyer, taking around a quarter of its oil exports worth around $1 billion a month.
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Feb 28- Mortgage insurer MGIC Investment Corp said it was considering reinsuring some of its businesses and raising capital after it reported a sharp deterioration in its ability to pay claims at the end of the fourth quarter.
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LONDON, Feb 21- European shares tumbled on Thursday as weak economic data dented sentiment already hit by concerns the U.S. By 1122 GMT, the FTSEurofirst 300 was down 16.07 points, or 1.4 percent, at 1,152.65, falling away from multi-year highs.
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NEW YORK, Feb 20- David Einhorn, hedge fund manager and chairman of reinsurer Greenlight Capital Re Ltd, said Wednesday that the U.S. government's lawsuit against Standard& Poor's has made rating agencies vulnerable.
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