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Greek losses hit results at German insurer Allianz
German insurance giant Allianz announced that its second-quarter net profit fell seven per cent to EUR 1.07 billion ($1.5 billion) after a large charge...
Munich Re profit up 3.8%, takes Greek debt hit
Germany's Munich Re announced its second quarter net profit rose 3.8 per cent to 736 million euros ($1.05 billion) despite a heavy charge on...
Swiss Re : net profit of USD 960 million for the second quarter 2011 and return on equity of 15.6%
Swiss Re reports a Group net income of USD 960 million in the second quarter of 2011, compared to income of USD 812 million...
AXA : interim results meet AXA’s Ambition
French insurance company AXA announced its interim results this morning in the Paris headquarters. AXA recorded a strong growth in earnings with a fourfold...
Lloyds Banking Group slumps to heavy loss
Britain's state-rescued Lloyds Banking Group reported a first-half net loss of £2.3 billion (2.6 billion euros, $3.8 billion) after being forced to compensate clients...
Aviva : profits tumble 89%
British insurer Aviva announced that net profits slumped 89 per cent in the first half on exceptional charges, but its underlying earnings rose and...
Barclays bank first-half net profit slides 38% to £1.5 bln
British bank Barclays announced its first half net profit slid 38 per cent as investment division revenues fell and after it set aside £1.0...
Munich Re / statement : no more ‘absolutely safe investments’
The budget crises facing the Eurozone and United States mean there are no longer any "absolutely safe investments," the head of the leading global...
Institute of International Finance optimistic about Greek deb swap
A voluntary swap of privately held Greek bonds as part of the debt-laden country's bailout will be successful and help it return to bond...
Aon : second quarter results
Aon announced quarterly profit as its acquisition of Hewitt Associates paid off, but the world's largest insurance broker said it still expects soft insurance...
Santander : 21.2% profit slump on British provision
Spanish banking giant Santander reported a slump in first-half net profits after setting up a special fund to handle insurance claims in Britain, where...
Which? : children getting a raw deal from savings providers
Young savers are getting a raw deal from banks and building societies, with the average rate for a children's easy access savings account at...
Friends Provident : International Investor Attitudes report reveals bright future for Singapore and UAE investors
The latest Friends Provident International (FPI) Investor Attitudes report released, reveals that investor confidence is at its highest level in Singapore and United Arab...
Bank test : eight European banks failed
The European Banking Authority (EBA) said after the market close on Friday that eight banks failed the stress test with a total capital shortfall...
AIG : Taiwan group meets terms to close merger
The Taiwanese financial regulator on Thursday said a local conglomerate had met its conditional requirements to buy US insurance giant AIG's Taiwan unit, closing...
Fitch Ratings : affirms Generali at IFS AA-
Fitch Ratings has affirmed Assicurazioni Generali SpA's (Generali) and its core subsidiaries' Insurer Financial Strength (IFS) ratings at 'AA-' and Long-term Issuer Default Ratings...
Fitch Ratings : Condor rating affirmed at A+
Fitch Ratings has affirmed Condor Lebensversicherung-AG's (CL), Condor Allgemeine Versicherungs-AG's (CA) and Optima Versicherungs-AG's (OV) Insurer Financial Strength (IFS) ratings at 'A+'. The agency...
Debt crisis : financial market panic
European financial markets felt panic Tuesday July 12, as investors were worried the debt crisis would spread to Italy and Spain. Finance ministers only...
Growth of activity remained solid despite only marginal increase in new business
Activity in Scotland's private sector economy expanded at a solid pace, increasing slightly since May according to the latest Bank of Scotland PMI. However,...
AXA / Norges Bank : agree Paris office joint venture on €1.4 billion property portfolio
Norges Bank which manages the Norwegian Government Pension Fund Global, and AXA Real Estate, real estate manager in Europe with €39.4 billion of assets...
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