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  • Earlier this month, executives at Caixa Econômica and bankers working on the initial public offering of Caixa Seguridade Participações SA met with large investors in New York, London and São Paulo. Topics covered included Caixa Seguridade's business, the renewal of a partnership with French partner CNP Assurances SA and how Brazil's current political...

  • Wells Fargo has launched an auction for the business that could fetch more than $1 billion, people familiar with the matter said. Bidders for RCIS could include reinsurers seeking exposure to the primary insurance market such as Bermuda- based PartnerRe Ltd or Axis Capital Holdings Ltd, the sources said. Axis and PartnerRe declined to comment, MunichRe and...

  • *FTSEurofirst 300 ends down; results drag down Novozymes. *Munich Re raises guidance, shares climb higher. LONDON, Aug 6- European shares fell on Thursday, with weak corporate results weighing on enzyme company Novozymes and Deutsche Post even as UK stocks outperformed on receding rate-hike fears.

  • *FTSEurofirst 300 edges down, Novozymes slumps on weak results. *Munich Re raises guidance, shares climb higher. LONDON, Aug 6- European shares retreated on Thursday, with some weak corporate results hitting the shares of enzyme company Novozymes and Deutsche Post.

  • *Tyson Foods falls after profit forecast cut. Aug 3- Wall Street was lower on the first trading day in August as oil prices touched a six-month low and data showed U.S. economy lost some momentum at the end of the second quarter. Energy stocks were the biggest losers among the main S&P sectors, with Exxon Mobil and Chevron leading the losers.

  • *Tyson Foods falls after profit forecast cut. *Diamond Offshore jumps after results handily beat expectations. Investors are also awaiting another batch of earnings reports- AIG, Allstate and General Growth Properties report after the market closes on Monday.

  • MILAN, Aug 3- Investment group Exor, which controls carmaker Fiat Chrysler, said on Monday it had signed a deal to buy PartnerRe for $6.9 billion, ending a prolonged battle for the reinsurer against a rival bid from Axis Capital. The agreement marks a U-turn for PartnerRe, which in January had agreed a merger with Axis and repeatedly spurned approaches from Exor,...

  • LONDON, July 30- Specialist insurance market Lloyd's of London said on Thursday it planned to apply for an onshore reinsurance license and open an office in Malaysia, as part of its push into emerging markets. In Asia, Lloyd's already has an office in Singapore and it opened an office in Dubai earlier this year. Nelson said around $130 million in business was...

  • Q2 was a 'modest miss': Swiss Re CFO Thursday, 30 Jul 2015 | 3:30 AM ET
     Q2 was a 'modest miss': Swiss Re CFO

    David Cole, CFO of Swiss Re, plays down the comapny's second-quarter earnings, which missed expectations.

  • July 29- PartnerRe Ltd, the reinsurance company that has a $6.6 billion merger agreement with Axis Capital Holdings, is now willing to negotiate a new deal with rival suitor Exor SpA, according to people familiar with the matter. This would be the first time that Bermuda- based PartnerRe negotiates a potential merger with Exor since the Italian investment...

  • *Most insurers in Reuters survey say Iran attractive market. LONDON/ SYDNEY, July 26- Western and Middle East insurance specialists see Iran as an appealing $8 billion market in the wake of its nuclear deal with world powers, though uncertainty over when sanctions on Tehran will be lifted means they are treating the country with caution. Under the accord reached...

  • July 24- Shareholder advisory group Institutional Shareholder Services said it had "significant concerns" about a proposed takeover of PartnerRe Ltd by Axis Capital Holdings Ltd and recommended that PartnerRe's shareholders vote against the deal. ISS said a competing offer by Italian holding company Exor SpA was "more prudent" as it had the certainty of...

  • 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 profit boosted by lower catastrophe losses Tuesday, 21 Jul 2015 | 9:04 AM ET
    Travelers

    Travelers reported a stronger-than-expected profit as catastrophe losses almost halved and it recorded a gain from the resolution of tax issues.

  • July 21- Property and casualty insurer Travelers Cos Inc reported a stronger-than-expected quarterly net profit as catastrophe losses almost halved and the company recorded a gain from the resolution of tax issues. The company, which vies with American International Group Inc for the title of biggest U.S. commercial property and casualty insurer, said it...

  • UPDATE 2-Exor sweetens PartnerRe offer again Monday, 20 Jul 2015 | 6:51 PM ET

    MILAN, July 20- Italian holding company Exor has again sweetened its offer for U.S.-listed reinsurer PartnerRe to include a special dividend of $3 per share for common shareholders if it is chosen over rival suitor Axis Capital Holdings. The dividend, which would be paid by PartnerRe before closing of the deal with Exor, lifts the overall value of Exor's bid to...

  • UPDATE 1-Exor sweetens PartnerRe offer again Monday, 20 Jul 2015 | 11:21 AM ET

    MILAN, July 20- Italian holding company Exor has again sweetened its offer for U.S.-listed reinsurer PartnerRe to include a special dividend of $3 per share for common shareholders if it is chosen over rival suitor Axis Capital Holdings. The dividend, which would be paid by PartnerRe before closing of the deal with Exor, lifts the overall value of Exor's bid to...

  • July 17- The tussle between Axis Capital Holdings Ltd and Exor SpA for control of Bermuda- based reinsurer PartnerRe Ltd could be drawing to a close after a bidding war that began four months ago. Axis and PartnerRe improved the terms of their deal yet again on Thursday, in an attempt to win over skeptical investors that have openly supported Exor SpA's all-cash...

  • NEW YORK, July 17- Japanese insurers including MS&AD Insurance Group Holdings Inc and Sompo Japan Nipponkoa Insurance Inc are seeking mergers with peers in the United States, as a declining population at home forces them to pursue markets that are growing overseas. Property and casualty insurers are particularly hungry for non-domestic acquisitions...

  • July 16- Specialty insurer and reinsurer Axis Capital Holdings Ltd and PartnerRe Ltd agreed to sweeten the terms of their merger agreement to fend off a rival bid from Italy's Exor SpA. The companies agreed on Thursday to raise the special dividend component to $17.50 per share from $11.50, and match Exor's exchange offer for PartnerRe's preferred...