Financial News
Lloyd’s reports a 40% increase in first-half profits
Lloyd’s first half profits up 40%. Lloyd's has reported a 40% increase in first-half profits to £1.32bn, which it attributed to a combination of...
Willis North America Inc. Announces Cash Tender Offer for its 5.125% Senior Notes due 2010
Willis North America Inc. , a subsidiary of global insurance broker Willis Group Holdings Limited, announced today that it has commenced a tender offer...
Willis North America Inc. announces offering of $250M of senior notes
Willis North America Inc., a subsidiary of global insurance broker Willis Group Holdings Limited, announced today that it has commenced a registered offering of...
Insurer Allianz to delist from NYSE and European stock exchanges
Allianz SE has provided written notice to the New York Stock Exchange (NYSE) of its intention to voluntarily delist its American Depositary Shares (ADS)...
RSA Insurance Ireland Ltd acquire Benchmark Underwriting Ltd
RSA Insurance Ireland Limited announces the acquisition of Benchmark Underwriting Limited.
Benchmark is an underwriting agency offering commercial and personal lines insurance solutions. Established in...
Reinsurer SCOR to adjust the rights of bondholders
SCOR announced last week an adjustment to the rights of holders of bonds convertible and/or exchangeable into new or existing SCOR shares, coupon 4.125%...
RSA Insurance Group interested in a new acquisition of £6 million
British general insurer RSA is considering acquisitions in the order of 600 million pounds ($1 billion) and may fund any deal by selling new...
Co-operative Financial Services announces great General Insurance profits
Interim Result Highlights for The Co-operative Financial Services (CFS) for the 28 weeks to 25 July 2009
Following its merger with Britannia Building Society on...
Insurer Generali senior bond assigned A+ ratings by Fitch Ratings
Fitch Ratings has today assigned Assicurazioni Generali SpA’s (Generali) EUR1,750m 5,125% senior unsecured notes an 'A+' rating.
The notes will be issued by Generali under...
Standard Life net profits fall 34% for 2009 interim results
Ongoing resilience in volatile market conditions Cash flow and capital position robust
Core capital and cash generation after tax of £167m (2008: £143m)
Financial...
LV= announces strong new business growth in first half of 2009
Mutual insurance, investment and pensions group LV= has announced strong new business results for the six months ending 30 June 2009.
Life & Pensions
Life and...
SCOR rate outlook changed from “stable” to “positive” by A.M. Best
A.M. Best has raised SCOR SE’s and its rated subsidiaries rating outlook from “stable" to “positive". According to A.M. Best the change in outlook...
SCOR – Adjustment to the conversion/exchange ratio for OCEANE convertible bonds
SCOR SE announces an adjustment to the rights of holders of bonds convertible and/or exchangeable into new or existing SCOR shares, coupon 4.125% maturing...
Swiss-based insurer and reinsurer Glacier reports pre tax net income in rise for the first half 2009
Swiss-based insurer and reinsurer Glacier Group reported a 4% increase in pretax net income to $26 million (18.1 million euros) for the first half...
Reinsurer Capital on the Rebound
Aon Benfield, the reinsurance intermediary and capital advisor, reveals today that following the mild capital erosion in 2008, reinsurers’ capital base rebounded well in...
Insurance mergers and acquisitions activity to increase in 2010
The insurance industry will see a pick up in mergers & acquisitions (M&A) activity in 2010, according to Tony Ursano, Chief Executive Officer of...
Zurich continues to demonstrate year on year Dow Jones Sustainability Index improvements
Zurich Financial Services Group (Zurich) is pleased to announce that the Group in 2009 again met one of its ongoing corporate responsibility objectives -...
Munich Re may resume its share buyback program
German reinsurance company Munich Re AG expects more moderate growth in the economy "very soon" and may resume its share buyback program if markets...
Aviva France – Slight increase in sales momentum, tight cost control, doubling of net profit
Highlights in the first half of 2009: initiatives reflecting the 2009 marketing strategy and new organisation
The first half of the year has been marked...
RSA investors may back rights issue
Major shareholders in insurer RSA (RSA.L) would back the company's chief executive plans to raise $1 billion (614.6 million pounds) in a rights issue,...
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