ZURICH _ Ace Ltd. on Tuesday reported fourth-quarter profit of $555 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.27 per share. Analysts expected $4.52 billion, according to Zacks.
*Allianz sells Fireman's Fund personal lines to ACE Ltd.. FRANKFURT, Dec 18- German insurer Allianz on Thursday said it had agreed to sell its Fireman's Fund personal insurance business to insurer ACE for $365 million, freeing Allianz to focus on building its U.S. property and casualty operations. The deal clears up one of two problem areas for Allianz in the...
As a result, new policies and renewals will become costlier for companies opting to insure business travel to West Africa or to cover the risk of losses from quarantine shutdowns at home, industry officials told Reuters. "What underwriters are doing at the moment is they're generally providing quotes either excluding or including Ebola- and it's much more...
Though sales of cyber-insurance are a fraction of the $1.1 trillion in total premiums, experts see the number growing exponentially.
The US is sending a delegation to Southeast Asia to promote US business in the region, a key for growth and competitiveness, says Sec. Pritzker.
John Venhuizen, CEO of Ace Hardware, discusses how his company was able to profit from this winter's harsh weather. Our salt business is up 235%, says Venhuizen.
Companies making headlines after the bell Tuesday:
Corporate America's third quarter report card is not great, but it's good enough to keep stocks moving higher.
The "Fast Money" traders share their final trades of the day.
Small businesses are using their personality and personal touch to their advantage over the big guys with creative loyalty rewards programs, reports USA Today.
It's make-or-break time for the first-quarter earnings season, and it comes just as the stock market is showing signs of strain.
Abnormally cold weather curbs consumer demand for spring goods and apparel, but some companies, including drug chains and dollar stores, are benefiting from the spring’s delay.
Check out which companies are making headlines after the bell Tuesday:
Some of the names on the move ahead of the open.
Nov 2- Ally Financial Inc, the auto lender 74 percent- owned by the U.S. government, posted a third-quarter profit compared with a year-ago loss, helped by its car-loan and mortgage businesses. The Detroit- based company, once the auto lending arm of General Motors Co, said it earned $384 million in the quarter, compared with a loss of $210 million a year earlier.
*Deal positions RBC as a leading auto lender in Canada. TORONTO, Oct 23- Royal Bank of Canada has agreed to buy the Canadian auto finance and deposit arm of Ally Financial Inc in a $4.1 billion deal to expand its vehicle-lending business at a time when loan growth overall is slowing in the country.
Property and casualty insurer ACE Ltd. said Thursday that it reached a deal to buy Ally Financial Inc.' s Mexican insurance business for about $865 million in cash. The company has more than 30 sales offices throughout Mexico and distributes its products through nearly 2,000 independent agents, along with auto dealerships, banks and direct channels.
TheStreet.com details five “buy”-rated insurance companies with the largest market capitalization, ordered by ascending upside, based on consensus price targets.
Bespoke crunched the numbers and found some long-time dividend payers with solid earnings that it sees as a relatively safe way to get yield.
Although he released a list of 10 favorites at the Value Investing Congress earlier in the week, top fund manager Leon Cooperman brings Fast Money an exclusive idea.