Underwriting
Axa, Europe’s 2nd-Biggest Insurer, Sees Property Sales Boost Profit
Axa, Europe's second-biggest insurer, reported a weaker than expected 4 percent rise in its first-half net profit, hit by lower investment returns, higher claims and despite a boost from real estate ...
As Promised, AIG Scales Back Hedge Fund Investments
American International Group Inc. reduced bets on event-driven and long-short strategies as the insurer scaled back hedge fund investments. Event-driven holdings were cut 41 percent to $700 million, ...
AIG’s Commercial Combined Ratio Climbed to 102.1; Insurer Discloses $3B Buyback
American International Group Inc. said it will buy back $3 billion of stock after second-quarter profit climbed 6.3 percent, helped by asset sales. The insurer climbed in extended trading in New ...
AIG, Other Insurers Emerge as Financial Supermarkets as Banks Spurn Risk
When all else fails, lend. That's the strategy of some of the biggest U.S. insurers as they seek higher returns in an investment universe where buying bonds sometimes means guaranteed losses. The ...
The Latest Launches from Everest Insurance, ANV and More
Philadelphia Insurance Companies just started offering a cyber security liability endorsement. Everest Insurance launched a new group focused on the international needs of its business clients. A ...
Mutual Insurers Rebound (Slightly), Though Threats Remain: Swiss Re
Mutual insurance companies have gained back some of the global market share they lost due to demutualizations in recent years. Those gains are threatened, however, by new financial regulations, ...
German State of Bavaria Source of VW’s Latest Emissions Scandal Suit
The German state of Bavaria said on Tuesday it would sue Volkswagen for damages caused by its emissions-test cheating scandal, the first regional government in VW's home country to take legal action ...
CNA’s Specialty Arm Helped Carry Q2 Toward Solid Results
CNA Financial Corp. dealt with higher catastrophe losses in its 2016 second quarter. But the property/casualty insurer did well in its specialty and commercial divisions, and net income soared. Also, ...