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Insurance
in financial markets, hedging or any other strategy that reduces risk while permitting participation in potential gains
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Hiscox Says Quarter in Line With Expectations
LONDON (Reuters UK) - London-listed insurer Hiscox (HSX) said on Monday that sales fell in line with expectations in the first quarter, as increasing competition in big-ticket insurance and reinsurance risks began to bite. The Bermuda-based firm, which is a market leader in art insurance...
Tags: Repayment, Insurance Company, Hiscox, Insurance, Business Operations, Corporate Insurance, Oukbs
News items 2008-05-12
RBS insurance Bidders to Show Cards in May
By Mathieu Robbins LONDON (Reuters UK) - Insurers and buyout firms mulling bids for Royal Bank of Scotland's (RBS) insurance unit are set to reveal their cards later this month, said sources familiar with the matter on Tuesday. First round bids for the unit are due...
Tags: Card, Insurance Company, RBS, Bidders, Buyout Firm, Insurance, Financial Planning, Business Operations
News items 2008-05-13
European Insurers Flag Tough Market in 2008
By Simon Challis LONDON (Reuters UK) - European insurers Munich Re, Old Mutual, Royal & Sun Alliance and Generali warned on Thursday that market conditions would be tough this year, due to rising competition and turbulent financial markets. Munich Re (MUVGn), the world's second-largest reinsurer, ...
Tags: RSA Security Inc., Financial Market, Munich, Insurance Company, Generali, Insurance, Sales Strategy, Financial Planning
News items 2008-05-08
Swiss Life Mulls Bid For Friends Prov Unit
By Clara Ferreira-Marques and Mathieu Robbins LONDON (Reuters UK) - Insurer Swiss Life (SLHN) is considering a bid for Lombard, the high-end insurance unit of Friends Provident (FP), and is already conducting due diligence, sources familiar with the matter said on Friday. Friends Provident, Britain's smallest...
Tags: Insurance Company, Lombard, Friends Provident, Insurance, Business Operations, Corporate Insurance, Oukbs
News items 2008-05-09
Buffett's Berkshire to Look at RBS insurance Unit
OMAHA, Nebraska (Reuters UK) - Warren Buffett said on Sunday his Berkshire Hathaway (BRKa)(BRKb) insurance and investment company may be "close" to buying a medium-sized British company and "will look" at Royal Bank of Scotland's (RBS) possible divestiture of its insurance unit. Earlier Sunday, the...
Tags: Warren Buffett, Buffett, Insurance, Financial Planning, Business Operations, Corporate Insurance, Finance, Oukbs
News items 2008-05-04
Pension Buyouts Could Hit 10 Billion
LONDON (Reuters UK) - The value of pension buyout deals could hit 10 billion pounds in 2008, a three-fold increase on last year, a report by pensions advisory firm Lane Clarke & Peacock (LCP) said on Thursday. The first billion-pound pension deal is also just around...
Tags: Liability, Insurance Company, LCP, Insurance, Business Operations, Corporate Insurance, American International Group Inc., Avaya Inc.
News items 2008-05-07
Generali May Be Interested in RBS Units
TRIESTE, Italy (Reuters UK) - Italy's leading insurer Assicurazioni Generali (GASI) would be interested in two insurance units of bank RBS (RBS) if they were up for sale, Chairman Antoine Bernheim said on Saturday. "It would be a lie to say we would not be interested,"...
Tags: Insurance Company, Italy, Insurance, Financial Planning, Business Operations, Corporate Insurance, Finance, Oukbs
News items 2008-04-26
Benfield Sees Earnings Drop on Forex and Soft Market
By Andras Gergely LONDON (Reuters UK) - Reinsurance broker Benfield (BFD) said on Friday it expected its 2008 trading result to be marginally below 2007 as it faced adverse foreign exchange trends and a softening reinsurance market. Benfield, whose specialty areas range from earthquake to ...
Tags: Reinsurance, Earnings, Benfield, Insurance, Business Operations, Corporate Insurance, Oukbs
News items 2008-05-02
Bankinter Seeks to Buy RBS Out of Spanish JV
LONDON (Reuters UK) - Spain's Bankinter (BKT) has approached Royal Bank of Scotland (RBS) about buying its stake in the Linea Directa 50-50 joint venture, the Sunday Times said. The newspaper, without citing sources, said the approach by Bankinter valued the Spanish motor insurance venture...
Tags: Bankinter, RBS, Insurance, Financial Planning, Asset Management, Balance Sheets, Business Operations, Corporate Insurance
News items 2008-05-04
Allianz Considering Big UK Acquisition
LONDON (Reuters UK) - German insurer Allianz SE (ALVG) is considering a big acquisition in the British general insurance market, The Financial Times reported on Friday. Allianz was not immediately available for comment. The FT quoted Allianz management board member Clement Booth as saying Allianz was...
Tags: Board, Corporate Governance, Insurance, Financial Planning, Business Operations, Corporate Law, Corporate Insurance, Finance
News items 2008-05-01
MBIA Posts Huge Loss on Credit Derivatives
By Dan Wilchins NEW YORK (Reuters) - MBIA Inc (MBI), the world's largest bond insurer, posted a quarterly loss of $2.4 billion on Monday as it took charges on billions of dollars of exposure to bonds linked to subprime mortgages. But MBIA's beaten-down...
Tags: Bond, MBIA Inc., Insurance Company, Derivatives, Insurance, Investment, Business Operations, Corporate Insurance
News items 2008-05-12
Marsh & McLennan Posts Loss on Kroll Write-down
NEW YORK (Reuters) - Marsh & McLennan Cos (MMC), which runs one of the world's largest insurance brokerages, on Wednesday posted a first-quarter loss, as it wrote down the value of its Kroll risk consulting and technology unit. The net loss totaled $210...
Tags: Outsourcing, Aon Corp., consulting, insurance, casualty insurance, commercial property, quarterly revenue, New York, operating profit, Thomson Reuters Corp., quarterly profit, private equity, CEO, security
News items 2008-05-07
ILFC Considering Split-up From Insurer AIG
NEW YORK (Reuters UK) - International Lease Finance, a unit of American International Group (AIG), is worried by the insurer's financial troubles and mulling a split from it, the Wall Street Journal said on Monday, citing people familiar with the matter. Officials at ILFC, a...
Tags: Financial, Insurance Company, ILFC, Insurance, Financial Accounting, Business Operations, Corporate Insurance, American International Group Inc.
News items 2008-05-11
ILFC Considering Split-up From Insurer AIG: Report
NEW YORK (Reuters) - International Lease Finance Corp, a unit of American International Group (AIG), is worried by the insurer's financial troubles and mulling a split from it, the Wall Street Journal said on Monday, citing people familiar with the matter....
Tags: Financial, Insurance Company, ILFC, Insurance, Financial Accounting, Business Operations, Corporate Insurance, American International Group Inc.
News items 2008-05-11
MBF Policyholders Approve BUPA Merger
Health insurer MBF Australia Ltd policyholders have approved a $2.41 billion merger with BUPA Australia.The majority of MBF's 820,000 policyholders who voted were in favour of the takeover by one-time rival BUPA Australia, the domestic arm of British health insurer, BUPA.Of the 820,000 policyholders, 98.33 per cent or 329,605...
Tags: Policyholder, Mergers & Acquisitions, Insurance, Benefits, Vertical Industries, Healthcare, Investment, Finance, Business Operations, Corporate Insurance, Human Resources, Enterprise Software, Software, AAP
News items 2008-05-12
IAG Lowers FY Earnings Guidance
Takeover target Insurance Australia Group Ltd (IAG) has downgraded its full year earnings guidance for the second time this financial year, blaming high storm costs, widening credit spreads and soft UK personal and Australian commercial lines markets.Australia's biggest insurer of homes and cars now expects an annual insurance margin...
Tags: U.K., Pricing Strategy, IAG, Insurance Margin, Insurance, Financial Planning, Pricing, Business Operations, Corporate Insurance, Finance, Marketing, AAP
News items 2008-04-28
Buffett Backs Fed Over Bear Stearns
By Jonathan Stempel OMAHA, Nebraska (Reuters UK) - Warren Buffett said on Saturday said the U.S. Federal Reserve avoided financial market "chaos" in coordinating the March bailout of Bear Stearns Cos (BSC), which faced imminent bankruptcy before agreeing to be acquired by JPMorgan Chase &...
Tags: Federal Reserve Board, Bear Stearns & Co. Inc., Berkshire Hathaway Inc., Warren Buffett, Insurance, Coca-Cola Co., J.P. Morgan Chase & Co., xxBear Stearns Co.xx
News items 2008-05-03
Liberty Mutual to Buy Safeco For $6.2 Billion
By Jessica Hall and Paritosh Bansal PHILADELPHIA/NEW YORK (Reuters) - Diversified insurer Liberty Mutual Group said on Wednesday it would buy Safeco Corp (SAF) for $6.2 billion in a deal that would make Liberty Mutual the fifth-largest U.S. property and casualty insurer. Each...
Tags: Mergers & Acquisitions, SAFECO Corp., Liberty Mutual Group, insurance company, Mississippi, insurance, agency, acquisition, workers compensation, reinsurance, midsize business, earnings, analyst, stock, stock price, Thomson Reuters Corp., leadership, team
News items 2008-04-23
Conn AG Credit Probe Covers Berkshire Hathaway: Report
NEW YORK (Reuters) - Billionaire investor Warren Buffett's Berkshire Hathaway (BRKa) is being examined as part of the Connecticut Attorney General's probe into conflicts of interest in the credit rating industry, the Financial Times reported on Friday. Connecticut Attorney General Richard...
Tags: Berkshire Hathaway Inc., Richard Blumenthal, Connecticut, Warren Buffett, attorney general, Financial Times, municipal bond, investor, New York, bond, Thomson Reuters Corp., industry, agency
News items 2008-05-02
TPG Considers Bid For RBS insurance Arm
LONDON (Reuters UK) - Private equity firm Texas Pacific Group is considering a bid for Royal Bank of Scotland's (RBS) 8 billion pound insurance arm, a source familiar with the matter said on Friday. "TPG is doing its homework on the business now," the source ...
Tags: Bank, Texas Pacific Group, Insurance, Financial Services, Financial Planning, Business Operations, Corporate Insurance, Finance
News items 2008-05-02
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