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MetLife is pursuing a sale of its property/casualty auto and home insurance business, according to a report by analysts following the company Keefe, Bruyette & Woods (KBW) analysts, Ryan Krueger ...
Even after outflows hit Pimco in the last quarter, Allianz SE's giant bond fund unit is on a roll. In an industry plagued by ever-shrinking margins, Pacific Investment Management Co. and its smaller ...
CNA Financial Corp. benefited from the U.S. tax reform law in the 2018 first quarter, but the Chicago-based carrier also saw a steady gain in underwriting income. CNA booked $291 million in net ...
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 ...
Gen Re, one of the giant reinsurance businesses at Warren Buffett's Berkshire Hathaway Inc., said it's exiting property-casualty operations at six smaller locations amid a global reorganization. The ...
State Farm Mutual Automobile Insurance Co., the largest U.S. property/casualty insurer, said 2015 profit rose 48 percent on investment gains tied to pharmaceutical holdings. Net income increased to ...
National General Holdings Corp. acquired two U.S. regional property/casualty insurers, allowing it to expand into multiple states. The first acquisition involves Century-National Insurance Company, a ...
Aviva Plc, the U.K.'s second-biggest insurer by market value, agreed to buy a home and auto insurer from Royal Bank of Canada for C$582 million ($402 million) to expand in North America. The purchase ...
Insurers appear ready to accelerate their embrace of big data, analytics and other aspects of emerging technology as they head into 2016, Novarica concluded in its third annual report on the matter. ...
Swiss Re said that the Tianjin explosion in China will leave it with an approximately $250 million claims burden, but news of the claims hit didn't mar an otherwise solid 2015 third quarter. The ...
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