Asians and Russians who actively bought property in London's wealthiest areas have deserted the market, the Financial Times reports.» Read More
SAN JUAN, Oct 28- Insurers of Puerto Rico Electric Power Authority bonds on Wednesday delivered terms for a debt restructuring to the utility, moving it a step closer to an accord with its last key creditor class, a person with direct knowledge of the matter told Reuters. A spokeswoman for PREPA and its chief restructuring officer, Lisa Donahue, declined to comment.
SAN JUAN, Oct 28- Insurers of Puerto Rico Electric Power Authority bonds on Wednesday delivered terms for a debt restructuring to the utility, a person with direct knowledge of the matter told Reuters. PREPA, facing more than $8 billion in debt, reached deals in September with bondholders and lenders, who accepted 15 percent payment reductions in exchange for new...
NEW YORK, Oct 27- When some 120 million employees start filling out their open enrollment choices this fall, they will be presented with the usual health, dental and vision options. "Some of those policies are going to be a perfect fit and valuable, and other things are not going to be useful," says Jennifer Benz, who runs her own benefits firm based in San Francisco.
Oct 20- Property and casualty insurer Travelers Cos Inc reported a better-than-expected quarterly profit, helped by higher underwriting gains. Travelers, which competes with American International Group Inc for the title of the biggest U.S. commercial property and casualty insurer, said underwriting gains rose about 35 percent to $759 million in the third...
CNBC explains why there is a large gap between the number of households and amount of flood insurance policies in high-risk areas.
South Carolina's economic losses from the historic and deadly flooding will easily top $1 billion, experts say, but the looming issue for the state and federal government is that most of it will be uninsured.
Hessam Nadji, chief strategy officer at Marcus & Millichap, discusses what he expects from the Case-Shiller Home Price Index, out Tuesday.
A sprawling seaside mansion in Mumbai has been sold for $113M in the most expensive residential property deal in India's history, the FT reports.
With hurricane season off to a record start, is your small business equipped to handle the next major storm?
Jeff Taylor, co-founder & managing partner at Digital Risk, explains what three factors are weighing on millennial minds when it comes to purchasing property.
*Regional insurers to bear brunt of Tianjin claims. FRANKFURT, Aug 18- Insurance claims from devastating explosions at the Chinese port of Tianjin last week could exceed initial estimates and strain the finances of regional insurers, credit rating agency Fitch said on Tuesday. PICC Property and Casualty Company, Ping An Property& Casualty Insurance Company of...
Aug 4- Property and casualty insurer Travelers Cos Inc said on Tuesday that Chief Executive Officer Jay Fishman, who last year disclosed he had a neuromuscular condition, will step down, as Fishman said he may be battling ALS. Alan Schnitzer, chief executive of the Travelers' business and international insurance, the company's largest segment, will take over from...
Aug 4- Property and casualty insurer Travelers Cos Inc said on Tuesday Alan Schnitzer would take over as chief executive from Jay Fishman, effective Dec. 1. Fishman has led the company since April 2004 when The St. Paul Companies Inc merged with Travelers Property Casualty Corp and under his watch, Travelers' stock value has more than doubled.
Aug 4- Property and casualty insurer Travelers Cos Inc said on Tuesday Chief Executive Jay Fishman will step down, and Alan Schnitzer will succeed him. Schnitzer is the Chief Executive of Travelers' business and international insurance, the company's largest segment. Schnitzer's appointment will be effective Dec. 1.
Travelers Companies announced on Tuesday that Alan D. Schnitzer will succeed Jay S. Fishman as CEO effective Dec. 1 of this year.
Aug 3- Loews Corp, a hotel, energy and financial services conglomerate, reported a 44 percent drop in its quarterly operating profit due to lower revenue from its Diamond Offshore Drilling Inc unit and its insurance business. Diamond Offshore, Loews' second-largest subsidiary, also posted an 8.4 percent fall in quarterly revenue, hurt by weak demand due to a slump...
Dermot O'Leary, chief economist at Goodbody, says there's very strong demand for London's property and supply is short.
Singapore's private property market has suffered from slackening transaction volumes and falling prices and it doesn't look like there's any relief.
July 21- Property and casualty insurer Travelers Cos Inc reported a stronger-than-expected quarterly operating profit as catastrophe losses halved and underwriting gains doubled. In the industry's biggest deal, Swiss insurer ACE Ltd said this month it would buy Travelers' arch rival Chubb Corp for $28.3 billion. "We already compete against these two...
Travelers reported a stronger-than-expected profit as catastrophe losses almost halved and it recorded a gain from the resolution of tax issues.