Life Insurance News
STOCKHOLM (Reuters) - U.S. investment firm Paulson confirmed on Monday that it had 5.12 percent o... US fund Paulson confirms 5
STOCKHOLM (Reuters) - U.S. investment firm Paulson confirmed on Monday that it had 5.12 percent of the shares and voting rights in Skandia and that it supported a $5.3 billion bid for the Swedish company by Old Mutual.
A Swedish newspaper reported the size of the stake over the weekend. The 5.12 percent holding makes Paulson one of the biggest shareholders in Skandia alongside Fidelity. read more
Car insurance comparison engine Confused.com found that over 40 per cent of people who unnecessar... Cheaper insurance equals b
Car insurance comparison engine Confused.com found that over 40 per cent of people who unnecessarily pay the top rate of car insurance could afford a more expensive car using the money they could save if they shopped around for a better deal.
Managing director of Confused.com, Kate Armstrong, said: "While we don’t expect drivers to automatically upgrade their cars based on the money tha...
LONDON (Reuters) - Brit Insurance Holdings (BRE.L: Quote, Profile, Research) said on Monday the n... Brit Insurance sees profit
LONDON (Reuters) - Brit Insurance Holdings (BRE.L: Quote, Profile, Research) said on Monday the net impact from the U.S. hurricanes and New Orleans flood would be 182.5 million pounds but added that it expected to remain in profit for the full-year.
The insurer said it would pay an uncovered final dividend for 2005 and would use current market conditions to "utilise more fully our strong ...
LONDON (Reuters) - Brit Insurance Holdings (BRE.L: Quote, Profile, Research) raised the expected ... Brit Insurance sees profit
LONDON (Reuters) - Brit Insurance Holdings (BRE.L: Quote, Profile, Research) raised the expected net impact from U.S. hurricanes and the New Orleans flood to 182.5 million pounds but added on Monday it expected to remain profitable this year.
The insurer said it remained fully prepared to pay an uncovered final dividend for 2005, subject to the group's performance in the remainder of the...
TORONTO (Reuters) - Power Corp. of Canada (POWsv.TO: Quote) said on Friday its third-quarter prof... Power Corp.'s profit i
TORONTO (Reuters) - Power Corp. of Canada (POWsv.TO: Quote) said on Friday its third-quarter profit rose 6 percent due to contributions from its financial subsidiaries.
Power Corp., a diversified company controlled by Montreal's Desmarais family, had net income of C$242 million, or 52 Canadian cents a share, up from C$228 million, or 50 Canadian cents a share, in the year-earlier period....
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The average of seven analysts' estimates polled by Dow Jones Newswires for third-quarter profit... Profits At ING Up 21% For Q
The average of seven analysts' estimates polled by Dow Jones Newswires for third-quarter profits was 1.32 billion euros ($1.55 billion).
Third-quarter profits at ING's banking operations soared 45 percent, to 901 million euros ($1.01 billion), and the insurance division recorded a 5 percent increase in profits, to 977 million euros ($1.15 billion), in the same period of 2004.
The...
In fact, others news Thursday from Prudential showed that the analyst had misread tea leaves from... Speculation Shakes Up Linc
In fact, others news Thursday from Prudential showed that the analyst had misread tea leaves from the company's announcement Wednesday about a securities offering.
Philadelphia-based Lincoln and New Jersey-based Prudential have major downtown Hartford operations.
On Wednesday, Prudential said it planned a $2 billion offering of senior notes, convertible into common stock. The compa...
Speculation by a high profile Wall Street analyst that Lincoln National's purchase of Jefferson ... Talk stirs Lincoln, JP inve
Speculation by a high profile Wall Street analyst that Lincoln National's purchase of Jefferson Pilot may be called off sent the stock prices of both companies on a short roller coaster ride Thursday.
Colin Devine of Citigroup suggested in a report that a third party, Prudential Financial, could make a bid to buy Lincoln, which in turn would abandon its deal to buy JP .
Before the ...
FRANKFURT (Reuters) - Reinsurer Hannover Re (HNRGn.DE: Quote, Profile, Research) slashed its prof... Hurricanes tear into Hanno
FRANKFURT (Reuters) - Reinsurer Hannover Re (HNRGn.DE: Quote, Profile, Research) slashed its profit forecast on Thursday and warned that the costliest hurricane season ever meant it would probably only break even this year, driving its shares down more than 7 percent.
The world's fourth-biggest reinsurer said it made a net loss of 184 million euros in the third quarter as hurricanes tore...
