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AIG says asset transfer cuts debt by $25 billion
Nationalized US insurance giant AIG said Tuesday it had cut its debt to the Federal Reserve Bank of New York by 25 billion dollars...
ING announces terms for Euro 7.5 billion rights issue
Dutch bank and insurance group ING announced on Friday it would issue 1.7 billion new shares at 4.24 euros (6.3 dollars) apiece to raise...
Amlin enters into agreement to acquire Crowe Livestock
Amlin announces that a wholly owned subsidiary has entered into a heads of agreement to acquire Crowe Livestock Underwriting Limited (“Crowe”). The transaction remains...
ABN Amro reports quarterly loss of Euros 1.0 billion
Bank group ABN Amro reported a third-quarter net loss of a billion euros (1.5 billion dollars) on Wednesday, a sharp improvement from the outcome...
Munich RE acquires further shares in ERGO
Munich Re has acquired further shares in ERGO Versicherungsgruppe AG (ERGO) from Bayerische Hypo- und Vereinsbank AG (HVB) via an investment company.
This acquisition increases Munich Re’s...
Swiss Re obtains $75 million of extreme mortality risk protection through new Vita Capital programme
Swiss Re today announced the transfer of USD 75 million of extreme mortality risk in the U.S. and UK to the capital markets through...
Aon Corporation to substitute NYSE Ticker Symbol from AOC to AON
Aon Corporation today announced that it will change the ticker symbol for its common stock listed on the New York Stock Exchange to "AON"...
Lloyds to swap £8.78 billion of bonds to exit from a costly state-backed insurance scheme
Lloyds Banking Group said it had agreed to swap 8.78 billion pounds of bonds as part of a deal aimed at funding its exit...
Dutch state injects cash into merged bankassurance Fortis
The Dutch state said on Thursday it would inject an extra 3.0 billion euros (4.5 billion dollars) in cash into the merger of nationalised...
AXA’s proposal with AMP remains open and valid
French insurer AXA said on Thursday that there was no change for now to its offer made with partner AMP for AXA Asia Pacific...
Willis Group Announces Definitive Agreement with Family Shareholders And Astorg Partners to Reorganize the Capital of Gras Savoye
Willis Group Holdings Limited, the global insurance broker, and the original family shareholders of Gras Savoye & Cie, the leading French insurance broker, announced...
EU approves restructuring of Lloyds, ING and KBC banks
The European Commission on Wednesday approved restructuring plans for British bank Lloyds, Dutch counterpart ING and Belgium's KBC bank, all rescued by public bailouts...
Fortis may not have enough capital to afford RBSI
Belgian insurance company Fortis Holding is following the sale of a number of insurance businesses now on the market but may not have enough...
Fortis Holding confirms outlook with a net profit year-to-date of EUR 371 million
Fortis Holding, the insurance company comprising the remains of the former Benelux financial-services giant, said Tuesday that net profit for the third quarter was...
Lloyd’s of London insurer Amlin expects excellent full year result
Lloyd's of London insurer Amlin said it expected to deliver an "excellent" full-year result as it reported a jump in premium income over the...
Towergate expands business in Scotland through acquisition of Money Wise
Towergate Partnership today announces the acquisition of Scottish insurance broking firm, Money Wise (Scotland) Limited. Under the deal, all 15 staff and Directors have...
Credit hedging market shrinks in first half: BIS
The market for credit default swaps, which spiked when the US subprime mortgage market was collapsing, shrank in the first half of 2009, the...
AEGON returned to profit in the third quarter with a net income of €145 million
AEGON returned to profit in the third quarter this year, helped by an improvement in world financial markets and a substantial decline in impairments.
The...
Swiss Life reports a 5% rise in 3rd quarter premiums
Swiss Life Holding AG Wednesday reported a 5% rise in third-quarter premiums and said it was confident about its future, despite a continually difficult...
Zurich reports growths with a 3rd quarter profit in rise of 138 percent
Zurich Financial Services Group reported today a solid nine-month operating performance, with balance sheet strength and solvency margins at near-record levels, and continued profitable...
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