investment
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...
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)...
Association of British Insurers launches new fund sector
Following an extensive consultation, the ABI has today launched a new investment fund sector, the Deposit & Treasury sector. The new sector contains...
HSBC says ups stake in Vietnam’s leading insurance group: Bao Viet
Global banking giant HSBC said Thursday it had increased its holding in Bao Viet, Vietnam's leading insurance and financial services group.
"HSBC has signed an...
Willis Group Holdings to announce third-quarter earnings on October 26
Willis Group Holdings Limited, the global insurance broker, will announce its earnings for the third quarter ending September 30, 2009 after the market closes...
AIG explains its debt to the government to face confusions
In response to continuing confusion regarding the amount of assistance AIG has received from the government and the amount it must repay, AIG provides...
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...
RSA Insurance Ireland to create 40 jobs in Galway
RSA Insurance Ireland Limited announced an investment of €3 million in local technology. This will creates 40 jobs at its offices in Ballybrit, Co...
The Japanese: Nippon Life Insurance Company will invest $500m in Prudential
Prudential Financial, Inc. (NYSE: PRU) announced today that Nippon Life Insurance Company, one of the world’s largest life insurance companies, has signed a definitive...
The Hartford Introduces Hartford Life Distributors To Drive Growth Of Investment And Retirement Products
The Hartford Financial Services Group, Inc., announced today the formation of Hartford Life Distributors (HLD), a newly combined sales and distribution organization for...
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...
AIG enters into agreement to sell Asset Management business to Bridge Partners
American International Group, Inc. (AIG) today announced an agreement to sell a portion of its investment advisory and asset management business to Bridge Partners,...
Study reveals how the use of indices in insurance-linked securities benefits both (re)insurers and investors
According to Swiss Re’s new sigma study, “The role of indices in transferring insurance risks to the capital markets”, both (re)insurers and investors benefit...
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...
Groupama revenues stable at £225.9 million for Q2 2009
Groupama’s pre-tax profits fell to £5.4m for the first half of 2009, compared to £13.1m for the same period last year.
François-Xavier Boisseau, CEO...
US reinsurers RAA released results for the first half of the year
The RAA has released reinsurance underwriting results for six months ended June 30, 2009. The results show that policyholders’ surplus of $65.9 billion for...
Ironshore announces completion of $300 million equity capital raise
Ironshore Inc. announced today that it has completed the previously announced equity capital raise of $300 million to support the continued expansion of Ironshore’s...
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