Dutch financial services group ING Groep NV announced it would buy CitiStreet, a retirement plan administrator, grabbing third place in the defined contribution business in the United States. ING said in a statement it would pay €578 million ($890 million) …
Tyco International Ltd. has agreed to pay New Jersey $73 million to resolve state charges of securities fraud. The state Attorney General’s office says that under the settlement agreement finalized Wednesday, Tyco will pay $73.3 million to New Jersey’s Division …
The Hanover Insurance Group, Inc. in Worcester, Mass., reported a drop in net income, an increase in commercial lines business and higher losses on personal lines for the first quarter of 2008. The company’s net income for the first quarter …
Willis Group Holdings Limited will release earnings for the first quarter ending March 31, 2008 after the market closes on Wednesday, April 30, 2008. Copies of the release will be available soon thereafter within the “Investor Relations” section of the …
Wachovia Corp. expects to take a charge of $800 million to $1 billion in the second quarter because of a federal appeals court decision over the taxation of leveraged lease transactions, the bank said on Wednesday. The fourth-largest U.S. bank …
RenaissanceRe Holdings Ltd. will conduct an investment community conference call on Wednesday, April 30, 2008 at 10:30 AMET to discuss its financial results for first quarter 2008, as well as the company’s outlook. RenRe will release the results following the …
ACE Limited will hold its first quarter earnings conference call on Wednesday, April 30, 2008, beginning at 8:30 a.m. Eastern Time. ACE expects to issue its first quarter earnings release and financial supplement after the market closes on Tuesday, April …
Hartford Financial Services Group Inc. said Monday that net income plunged more than 83 percent in the first quarter, in large part from losses on investments, including credit derivatives. On an operating basis, the insurer beat Wall Street expectations, but …
Bermuda-based AXIS Capital Holdings Limited reported net income for the first quarter of 2008 available to common shareholders of $238 million, or $1.48 per diluted common share, compared with net income of $228 million, or $1.37 per diluted common share, …
Bermuda-based PartnerRe Ltd. reported net income of $129.0 million, or $2.16 per share, for the first quarter of 2008, compared to $169.3 million for Q1 2007, a 24 percent decrease. The income figure includes net realized gains on investments and …
