CHESTERFIELD, Mo. _ Reinsurance Group of America Inc. on Thursday reported first-quarter profit of $125.1 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.85 per share. Four analysts surveyed by Zacks expected $2.63 billion.» Read More
The management of UK-based Prudential has made no decision on whether to relocate outside of the European Union but is watching with apprehension Brussels' plans to introduce new regulation for insurers, CEO Tidjane Thiam told CNBC.
Hurricane Irene was the 'Perfect Storm' for insurers in a different sense of the cliche. The weakened storm that spared New York city from major damage gave the wealthy and rarely hit Northeast enough of a scare because of ominous weather forecasts leading up the storm that property insurers will be able to raise pricing even more next year, according to a Morgan Stanley analyst.