GO
Loading...

Enter multiple symbols separated by commas

Insurance Reinsurance

More

  • *Ericsson, Bilfinger slump; Michelin surges. LONDON, April 23- European shares slipped on Thursday, with Germany's DAX index underperforming following a disappointing purchasing managers' survey while weak results from Ericsson hit technology stocks. Tech shares were hit as telecom equipment maker Ericsson slumped 12 percent after it posted...

  • European shares fall after business surveys disappoint Thursday, 23 Apr 2015 | 4:35 AM ET

    *Ericsson, Bilfinger slump; Michelin surges. LONDON, April 23- European shares gave up early gains on Thursday after a survey showed growth in Germany's private sector slowed and French business activity barely grew in April. Mobile telecom equipment maker Ericsson fell 8.1 percent after saying it expected sales in its main North American market to stay...

  • NEW YORK, April 21- In a last-ditch effort to avoid trial, former American International Group Inc Chairman Maurice "Hank" Greenberg is seeking permission to ask New York's highest court to throw out the accounting fraud case against him. Greenberg made his request the day before closing arguments are expected in the federal Court of Claims in Washington, D.C., in a...

  • LONDON, April 21- The European Union will mount a fresh bid to persuade the United States to free up the billions of euros in collateral it requires foreign reinsurers to set aside against policies. EU states agreed on Tuesday to give the bloc's executive European Commission a mandate to negotiate a regulatory pact with the United States. European reinsurers,...

  • NEW YORK, April 21- In a last-ditch effort to avoid trial, former American International Group Inc Chairman Maurice "Hank" Greenberg is seeking permission to ask New York's highest court to throw out the state's accounting fraud case against him. On Tuesday, Greenberg's lawyers asked that court for permission to appeal its unanimous decision to the top state...

  • *Q1 operating profit $2.53/ share, a cent below estimate. *Pretax net investment income down about 20 pct to $592 mln. April 21- Property and casualty insurer Travelers Cos Inc's quarterly net profit fell 21 percent, narrowly missing analysts' estimates, as low interest rates and a drop in value of its energy investments squeezed the company's net investment income.

  • LONDON, April 21- The European Union will mount a fresh bid to persuade the United States to free up the billions of euros in collateral it requires foreign re-insurers to set aside against policies. EU states agreed on Tuesday to give the bloc's executive European Commission a mandate to negotiate a regulatory pact with the United States.

  • LONDON, April 21- The European Union will mount a fresh bid to persuade the United States to free up the billions of euros in collateral it requires foreign re-insurers to set aside against policies. EU states agreed on Tuesday to give the bloc's executive European Commission a mandate to negotiate a regulatory pact with the United States.

  • April 21- Property and casualty insurer Travelers Cos Inc reported a 21 percent fall in quarterly net profit due to lower net investment income and a drop in underwriting gains. The company said net income fell to $833 million, or $2.55 per share, for the first quarter ended March 31, from $1.05 billion, or $2.95 per share, a year earlier. Pretax net investment income...

  • NEW YORK, April 16- A New York state appeals court rejected former American International Group Inc Chairman Maurice "Hank" Greenberg's bid to dismiss a lawsuit accusing him of orchestrating an accounting fraud at the insurer he ran for nearly four decades. Greenberg and co-defendant Howard Smith, a former AIG chief financial officer, are accused of having...

  • April 16- PartnerRe Ltd's second-biggest shareholder said Exor SpA's offer for the Bermuda- based reinsurer was "much superior" to a deal with Axis Capital Holdings Ltd that was already on the table. Exor is offering $130 per PartnerRe share, or a 16 percent premium to the implied value under the Axis agreement. Langerman said PartnerRe should engage not only Exor...

  • *Exor offering $130 per PartnerRe share. *PartnerRe says to review Exor proposal. MILAN, April 14- Italian holding company Exor, which controls carmaker Fiat Chrysler Automobiles, offered $6.4 billion in cash to buy Bermuda- based reinsurer PartnerRe, trumping an all-share deal with Axis Capital Holdings Ltd..

  • *Exor offering $130 per PartnerRe share. MILAN, April 14- Italian holding company Exor, which controls carmaker Fiat Chrysler Automobiles, offered $6.4 billion in cash to buy U.S. reinsurer PartnerRe, trumping an earlier all-share deal with Axis Capital Holdings Ltd.. Exor, controlled by the Agnelli family, said in a statement on Tuesday it was offering $130 per...

  • MILAN, April 14- Italian holding company Exor, which controls carmaker Fiat Chrysler Automobiles, said it had offered $6.4 billion in cash to buy U.S. reinsurer PartnerRe, trumping an earlier all-share deal with Axis. Exor, controlled by the Agnelli family, said in a statement on Tuesday it was offering $130 per PartnerRe share in what it said would be a friendly...

  • MILAN, April 13- The head of Italian holding company Exor, which controls carmaker Fiat Chrysler Automobiles, said on Monday he expected to see more consolidation in the auto sector. "I'm convinced that the industry needs and will see more consolidation in the future," John Elkann said in a letter to Exor shareholders. Besides Fiat, Exor also has stakes in tractor and...

  • Citigroup planning to sell Prime Re - Bloomberg Wednesday, 1 Apr 2015 | 1:35 PM ET

    April 1- Citigroup Inc is planning to sell Prime Reinsurance Co, a unit created five years ago when the bank spun off its life insurance business, Primerica Inc, Bloomberg reported. The unit, referred to as Prime Re, could draw interest from Reinsurance Group of America Inc, Resolution Re and other companies that buy blocks of complex insurance contracts, Bloomberg...

  • *Charter to buy Bright House for about $10 bln. NEW YORK, March 31- U.S. stocks ended down on Tuesday in a retreat from the previous session's sharp rally as energy shares declined and the dollar edged up, but the S&P 500 and Nasdaq registered their ninth straight quarterly rise. The S&P Energy index declined 0.9 percent, while shares of Exxon Mobil Corp fell 0.7...

  • NEW YORK, March 31- U.S. stock fell on Tuesday in a modest retreat from the previous session's sharp rally, though major indexes remained on track for a positive first quarter and the S&P 500 was set for its ninth straight quarterly rise. Energy shares will be in focus as crude oil fell 1.4 percent to $48 per barrel, sending the S&P Energy index down 1 percent and Exxon...

  • *Charter to buy Bright Hose for about $10 bln. NEW YORK, March 31- U.S. stock were poised to open lower on Tuesday, indicating a modest retreat from the previous session's rally, though the S&P 500 remained on track for its ninth straight quarterly rise. Energy shares will continue to be in focus as crude oil fell 1.3 percent to $47.58 per barrel, sending Exxon Mobil Corp...

  • FRANKFURT, March 30- Germany's Allianz has estimated insurers will pay $300 million in claims and costs stemming from the crash of a Germanwings plane in the French Alps last week, insurance industry sources said on Monday. The initial estimate represents about 20 percent of the $1.5 billion in premiums in the global market for airline insurance.