At least four U.S. insurers won approval on Thursday to raise billions of dollars through the government’s bank bailout plan, the U.S. Treasury Department said. Hartford Financial , the No. 4 U.S. insurer and beset by worries about capital, got …
More European insurers unveiled writedowns on their investments in a second wave of first-quarter results on Thursday, although some said sales were proving relatively resilient. Analysts said investors were left with something of a mixed picture, with signs of improving …
AIG is expected to soon begin the process of launching the initial public offering of its largest Asian subsidiary, according to sources familiar with the matter, in what could be one of the largest Asian IPOs to hit the market …
Dutch banking and insurance group ING reported on Wednesday a much bigger than expected first-quarter net loss of €793 million ($1.085 billion), or 39 €-cents (53.3 U.S. cents) per share, hurt by a sharply weaker insurance business. “Market conditions remained …
Chicago-based Specialty Underwriters’ Alliance Inc. reported that although net income was down in the first quarter of 2009 compared to the same period a year ago, gross written premiums rose to $29 million compared to $24.1 million for the first …
Swiss Re reported a net profit of CHF 150 million ($131.6 million) in the first quarter of 2009, compared to CHF 0.6 billion ($527 million) for the same period last year. Earnings per share declined to CHF 0.45 (39.5 cents). …
The Bermuda-based Argo Group International Holdings announced that its net income for the first quarter of 2009 was “$27.0 million or $0.88 per diluted share, which includes $11.8 million of net pre-tax realized investment losses and other than temporary impairment …
Zurich Financial Services reported that its first quarter net income decreased by 75 percent to $362 million, compared to the $1.427 billion it earned in the same quarter of 2008. Business operating profit fell by 40 percent to, $1.061 billion …
Employers Holdings Inc. headquartered in Reno, Nev., reported first quarter 2009 net income of $20.9 million or $0.43 per share compared with $25.5 million or $0.51 per share in the first quarter of 2008, a decrease of $4.6 million or …
American International Group, Inc. (AIG) today reported a net loss for the first quarter of 2009 of $4.35 billion compared to a net loss of $7.81 billion in the first quarter of 2008. The loss was less than the $5 …
