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  • M&S and Brenntag surge as European shares bounce back Wednesday, 5 Nov 2014 | 12:44 PM ET

    *Marks& Spencer jumps after results. PARIS/ LONDON, Nov 5- European stocks rebounded on Wednesday, helped by positive company results including those from British retailer Marks& Spencer, whose shares surged nearly 10 percent higher. Marks& Spencer jumped 9.7 percent after posting a rise in underlying first-half profit for the first time in four years, beating...

  • Besides losses from the Malaysia Airlines jet downed over Ukraine and the destruction of planes at Tripoli airport, property and casualty insurers saw few big payouts while life insurers reported a healthy rise in sales. Two years ago, insurers paid about $30 billion in claims after Hurricane Sandy battered the United States while floods in central Europe...

  • *Marks& Spencer jumps 8.3 pct after results. British retailer Marks& Spencer surged 8.3 percent after posting a rise in underlying first-half profit for the first time in four years, beating expectations, while German chemicals distributor Brenntag gained 7.8 percent, boosted by forecast-beating earnings. About halfway into Europe's earnings season, 64...

  • WASHINGTON, Nov 3- MetLife has retained a top Washington lawyer in its bid to escape a plan by the U.S. financial risk council to subject it to far tougher rules, a sign the largest U.S. insurer may be preparing a legal challenge. A MetLife spokesman told Reuters the company had retained Eugene Scalia, a partner at law firm Gibson Dunn LLP, who has successfully fought...

  • Hedge funds muscle into reinsurance, attracting doubters Wednesday, 29 Oct 2014 | 8:59 AM ET

    LONDON, Oct 29- Hedge funds are muscling their way into the market to share the cost of cleaning up after natural catastrophes, but sceptics are questioning whether they will stick around ahead of the next "big one" as underwriting returns fall. John Rathgeber, CEO of Watford Re which opened its doors this year, said his group used leverage and invested in assets such...

  • LONDON, Oct 23- Global regulators have written the first global capital rule for insurers, marking a key milestone in efforts since the 2007-09 financial crisis to reinforce supervision of the sector. The International Association of Insurance Supervisors said on Thursday it had agreed a basic capital requirements ratio for the nine big insurance firms...

  • Oct 21- Property and casualty insurer Travelers Cos Inc reported a better-than-expected rise in quarterly operating profit, helped by higher net investment income and a fall in disaster-related losses. Operating earnings of $2.61 per share in the third quarter ended Sept. 30 handily beat the average analyst estimate of $2.27, according to Thomson Reuters...

  • *Munich Re, Hannover Re see stable German premiums. BADEN-BADEN, Germany, Oct 20- Germany's Munich Re and Hannover Re expect stable reinsurance prices in their home market next year, cushioning the blow from a slide in prices on world markets. "I see no reason why reinsurance prices should fall," Munich Re board member Ludger Arnoldussen told a news conference in the...

  • JOHANNESBURG, Sept 26- Global warming in Africa may soon move bond markets. In 2016, the first climate change bonds will be issued from Africa- unique instruments that will enable the world's poorest continent to tap both capital markets and donor funds to bolster its defenses against extreme weather events such as prolonged drought or extreme heat.

  • MONACO, Sept 18- Reinsurers are being squeezed by price competition and subdued demand from insurers for their products, and traditional mergers may not be enough to save those that lack either global reach or specialised focus.

  • Insurers turn to big data to help identify risks Wednesday, 17 Sep 2014 | 10:48 AM ET

    MONACO, Sept 17- Insurance companies are increasingly turning to "big data" from satellites, social media and even cigarette sales at gas stations to help identify risks and build up customer profiles. Hamilton Re, a new Bermuda- based reinsurer, hopes that heavy data-crunching technology will give it an advantage over rivals and boost its bottom line.

  • *Swiss Re expects natural catastrophe price fall to slow. *Munich Re says risks must be priced right for long term. ZURICH/ MONACO, Sept 15- The world's biggest reinsurers put a brave face on the outlook for an increasingly crowded business on Monday, saying they expected a slowing decline in prices and new opportunities in some markets.

  • *Swiss Re expects natural catastrophe price fall to slow. Swiss Re, the world's second-largest reinsurer, said on Monday it expected to see a slowing decline in natural catastrophe pricing rates, with demand doubling in some markets by 2020..

  • *Swiss Re expects natural catastrophe price fall to slow. Swiss Re, the world's second-largest reinsurer, said on Monday it expected to see a slowing decline in natural catastrophe pricing rates, with demand doubling in some markets by 2020..

  • Reinsurers flock to Monte Carlo as market storm brews Saturday, 13 Sep 2014 | 8:00 AM ET

    *Reinsurers in Monte Carlo for Sept. 13-17 conference. "I am disappointed, exasperated, and even rather appalled by what is happening in the market," said Nikolaus von Bomhard, chief executive of the world's biggest reinsurer, Munich Re.

  • Gains at E.ON and Swiss Life steady European equities Wednesday, 13 Aug 2014 | 10:53 AM ET

    *Nagging worries over Ukraine crisis limit gains. LONDON, Aug 13- European stock markets were steady on Wednesday, supported by gains in the shares of utility E.ON and reinsurer Swiss Life after forecast-beating results.

  • E.ON and Swiss Life prop up European stock markets Wednesday, 13 Aug 2014 | 6:45 AM ET

    *Nagging worries over Ukraine crisis limit gains. LONDON, Aug 13- European stock markets were steady on Wednesday, supported by gains in utility E.ON and reinsurer Swiss Life shares after forecast-beating results.

  • MUNICH, Aug 7- Munich Re, the world's largest reinsurer, reported a 45 percent rise in its second-quarter net profit on Thursday but disappointed investors with a surprise jump in claims and evidence of continued pricing pressures.

  • EDINBURGH, Aug 6- European shares fell in early deals on Wednesday, with appetite for equities knocked back by a resurgence in geopolitical tension over Ukraine and some weaker than expected earnings reports.

  • SAO PAULO, Aug 5- Profit at Grupo BTG Pactual SA surprisingly rose to the highest in over two years in the second quarter even after Latin America's largest independent investment-banking firm produced a mixed performance in some revenue and expense lines.