Financial News
Chinese investors may not proceed with bid for AIA shares
China Life and two other Chinese investors have withdrawn from bidding for stakes in American International Group's Asian unit ahead of its planned initial...
AIG approaches big investors to take stakes in AIA
AIG has approached some of the world's biggest investors over the sale of a significant stake in AIA, the US insurer's Asian unit, drawing...
Aon: Public/private partnership is the key to availability and affordability of terrorism risk insurance
Aon Corporation, a leading global provider of risk management, insurance and reinsurance brokerage services and human capital solutions, has responded to the President's Working...
Aon to buy Hewitt for $4.9 billion, creating HR giant
Aon Corp, the world's largest insurance brokerage, said Monday it will buy Hewitt Associates Inc for $4.9 billion in cash and stock to create...
Maiden Holdings announces agreement to acquire GMAC International Insurance Services
Maiden Holdings, Ltd today announced that it has entered into a definitive agreement to acquire the majority of the reinsurance-related infrastructure, assets and liabilities...
Malaysia issues licences to five foreign banks
Malaysia has issued commercial banking licences to five foreign banks, including French giant BNP Paribas, the country's central bank announced Thursday.
The move came as...
Europe moves to levy bank failure tax
Banks will never again be allowed to call on taxpayers to clean up their mess under plans for a new Europe-wide crisis insurance levy...
AIG considers action on Goldman
Insurance giant AIG may pursue Goldman Sachs on losses from six billion dollars of insurance deals similar to those that prompted recent SEC fraud...
AXA insurance reports fourfold profit leap
French insurance group AXA reported on Thursday a fourfold profit leap least year to 3.6 billion euros, beating analysts' forecasts, and saying it would...
Wells Fargo to buy Prudential Financial stake in brokerage venture
US banking group Wells Fargo is to buy Prudential Financial's stake in a joint brokerage venture -- Wells Fargo Advisors -- for 4.5 billion...
Allianz reports 1.32 billion euros in 3rd quarter profit
German insurance group Allianz posted Monday a third quarter profit of 1.32 billion euros (1.97 billion dollars), in line with expectations and nearly double...
RSA Insurance’s revenue rises 4 percent with net written premiums of £5 billion
RSA Insurance Group Plc, the U.K.’s biggest non-life insurer, said nine-month revenue rose 4 percent on higher sales in Canada and Scandinavia.
Net written premiums...
Summary of Munich RE’s figures for the first nine months
The Group recorded a good operating result of €3,318m (2,654m) for the period from January to September, €1,211m of this in the third quarter....
Zurich Financial’s net profits down 24 percent over nine months
Swiss insurer Zurich Financial Services said Thursday its net profit fell 24 percent, slightly lower than expected, over the past nine months to 2.2...
Munich RE reports €1.8 billion profit for the first nine months of 2009
The world's biggest re-insurance group, Munich Re, said Thursday it aimed for a full-year net profit of between 2.2-2.5 billion euros (3.3-3.7 billion dollars)...
Aviva Investors challenges global stock exchanges to take action on corporate responsibility
Aviva Investors, the global asset management business of Aviva plc, has called on stock exchanges around the globe to more actively promote corporate responsibility...
Moody’s downgrades ING insurance on corporate split
International ratings agency Moody's said on Wednesday it had downgraded ratings on the insurance business that Dutch group ING intends to split off under...
Delta Lloyd’s initial public offering fully covered
Investors have already placed enough orders to back Delta Lloyd's 1.2 billion euro (1.1 billion pound) initial public offering (IPO) with about a week...
Lloyd’s of London insurance market warns of waning market surge
The Lloyd's of London insurance market cautioned that a strong investment performance from surging share and bond markets would not be sustained and said...
Aon acquires leading provider of executive liability risk management services
Aon Corporation, the global provider of risk management services, today announced that it has agreed to acquire Carpenter Moore Insurance Services, Inc., a leading...
