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Insurance Reinsurance

  • **Shenzhen Qianhai Financial Holdings and Shenzhen Investment Holdings Corporation have agreed to buy ACR Capital Holdings Pte Ltd, the owner of Singapore's biggest reinsurance firm, ACR said in a statement on Wednesday. **Japanese insurer Sompo Holdings Inc said on Wednesday it will buy U.S. casualty insurer Endurance Specialty Holdings Ltd for $6.3 billion,...

  • **Shenzhen Qianhai Financial Holdings and Shenzhen Investment Holdings Corporation have agreed to buy ACR Capital Holdings Pte Ltd, the owner of Singapore's biggest reinsurance firm, ACR said in a statement on Wednesday. **Japanese insurer Sompo Holdings Inc said on Wednesday it will buy U.S. casualty insurer Endurance Specialty Holdings Ltd for $6.3 billion,...

  • NEW YORK, Sept 29- CNO Financial Group Inc on Thursday said that two of its subsidiaries were terminating agreements with reinsurer Beechwood Re, after regulators in two states said that many assets managed by Beechwood were not compliant with insurance company guidelines because of exposure to troubled hedge fund manager Platinum Partners.

  • NEW YORK, Sept 28- Maurice "Hank" Greenberg, the 91- year-old former chairman of former American International Group Inc, said at his fraud trial that he never would have considered doing a transaction that failed to pass muster with the insurer's lawyers and accountants. The trial finally got under way this month after more than 11 years of pursuit by three New...

  • Gary Hirst, 64, was found guilty by a federal jury in Manhattan on all four counts he faced, including conspiracy, securities fraud and wire fraud charges, according to court records. District Judge Kevin Castel increased Hirst's bond from $1 million to $3 million and ordered the Florida resident be placed in custody until he could meet the new bail conditions.

  • Gary Hirst, 64, was found guilty by a federal jury in Manhattan on all four counts he faced, including conspiracy, securities fraud and wire fraud charges, according to court records. Noam Biale, a lawyer for the Lake Mary, Florida- resident, said he was disappointed and planned to appeal. Galanis, a Los Angeles resident whose father and two brothers were also charged,...

  • Hank Greenberg

    Opening arguments began on Tuesday in the trial of Maurice "Hank" Greenberg over accounting fraud at the insurance giant some 16 years ago.

  • Inga Beale, chief executive officer of Lloyd's of London

    The risk the U.K. would vote to exit the EU, dubbed "Brexit," was one of the biggest risks to the global economy, Lloyd’s of London CEO Inga Beale said.

  • AIG too big to succeed: Analyst

    Sanford C. Bernstein analyst Josh Stirling explains why he thinks AIG is "ungovernable."

  •  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.

  • Travelers

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

  • The Swiss Re building in Zurich is shown in this Feb. 19, 2009 photo.

    Swiss Re, the world's second-largest reinsurer, posted a 17 percent rise in net profit and said reinsurance rates remained attractive.

  • Higher yields would boost our sector: Swiss Re CFO

    Swiss Re CFO, David Cole, says higher yields would be a boon to the reinsurance sector.

  • Axis Capital Holdings Ltd and PartnerRe have agreed to an $11 billion merger to create one of the world's largest reinsurers.

  • Low rate world 'fool's paradise': Expert

    In a low-rate environment it's hard for our clients to save money through us and have enough income, says Steve Miller, AIG non-executive chairman, discussing how low interest rates are impacting his business.

  • We can react to interest rate moves: Hannover Re CFO

    Roland Vogel, CFO of Hannover Re, says the company likes higher interest rates and can react to moves in the rate.

  • Munich Re 'not concerned' by strong euro: CFO

    Jorg Schneider, CFO at Munich Re, says the group is overall not concerned by the strong euro and discusses the group's investment strategy to make returns in the current low-yield environment.

  • Buffett: Climate change has had no effect on insurance market

    Billionaire Warren Buffett told CNBC on Monday that he does not see climate change impacting insurance prices "three years or five years from now."

  • Munich Re's capital position 'comfortable': CFO

    Joerg Schneider, CFO at Munich Re, says the group is resuming its share buyback program because it's in a "very comfortable capital position."

  • Steven A. Cohen

    SAC Capital Advisors will shut down its London office by the end of the year as the hedge fund downsizes, according to a memo sent to staff on Tuesday.