Vincent van Gogh’s Sunflowers painting should be returned to the family of its former owner by Sompo Holdings Inc., the Japanese insurer that bought the famous artwork despite its tainted Nazi-era past, according to a lawsuit filed by the heirs. …
Dutch financial and insurance group ING will take a 2008 loss of €1 billion ($1.294 billion) and will tap into a Dutch state guarantee for its troubled loan portfolio, it said on Monday, adding that its Chief Executive Michel Tilmant …
Financial service provider and insurer Aegon became the latest Dutch company to tap into government funding on Tuesday, taking €3 billion ($3.75 billion) to strengthen its capital base eroded by investment losses and exposure to risky investments. Aegon, based in …
European insurance shares rose sharply on Thursday, as Dutch insurer Aegon announced steps to boost capital and reduce risk, while British peer Aviva Plc bolstered its hedges against slumping stock markets. Aegon, which has seen its share price sliced in …
Fortis, the Belgian-Dutch banking and insurance giant, faced a takeover or break-up as European Central Bank President Jean-Claude Trichet held emergency talks with Dutch and Belgian lawmakers to restore faith in the Belgian-Dutch financial group. Trichet, who as ECB [European …
The global credit crisis tore a hole in the profits of some of Europe’s top insurers on Thursday, with AXA and Aegon both posting lower earnings. Share reactions were mixed across Europe. The DJ Stoxx European Banking Index fell 0.6 …
Dutch-Belgian financial services group Fortis said its profit halved in the fourth quarter after a €1.5 billion ($2.3 billion) subprime-related writedown. Net profit, which also included gains from Fortis’ 2007 acquisition of ABN AMRO’s Dutch business and divestment of a …
