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There are 69,269 results that match your search.69,269 results
  • Allianz results dragged down by Dresdner; revises growth target
    German insurer Allianz Group's net earnings fell 28 percent to EUR1.5bn in the second quarter of 2008, due mainly to a poor result in its banking arm, Dresdner Bank, which reported a EUR566mn operating loss for the period.
    07 August 2008
  • Benfield profits flat as Corporate Risk losses continue
    Despite 30 percent growth in its marine, energy and power book, Benfield Corporate Risk continued to be a loss-maker for the reinsurance intermediary in the first half of 2008.
    07 August 2008
  • AIG shares on course for record fall
    American International Group (AIG) shares are on course for their biggest single daily fall on record as investors reacted to the insurance giant’s announcement of a $5.36bn loss on heavy credit and investment writedowns.
    07 August 2008
  • RSA "pleasing" profits could make it M&A target, says analyst
    A 23 percent rise in first-half post-tax profits for RSA Insurance Group plc could make it a potential merger & acquisition (M&A) target, says Keefe, Bruyette & Woods (KBW) analyst Grieg Paterson.
    07 August 2008
  • AIG shares set to fall
    Shares in American International Group (AIG) are set to suffer in trading today after the US giant booked a higher than expected $5.36bn net loss driven by more than $12bn in credit and investment writedowns.
    07 August 2008
  • AIG reports $5.36bn loss as writedowns mount
    American International Group (AIG) has reported a $5.36bn net loss for the second quarter after taking a hit of more than $12bn in relation to further charges in its Financial Products Corp (AIGFP) division and investment writedowns.
    06 August 2008
  • XL closes SCA deal and $3.375bn capital boost
    Standard & Poor’s (S&P) has removed its CreditWatch on XL Capital after the Bermudian successfully completed a deal to shed the lion’s share of its pre-IPO exposure to Security Capital Assurance (SCA) last night.
    06 August 2008
  • AXIS reduces dependence on big three
    Despite the “extremely competitive market conditions”, AXIS Capital’s founding chief executive John Charman said the firm’s strong second quarter was testament to its underwriting strengths and strategy of diversifying its business relationships.
    06 August 2008
  • Marsh revenues and profits grow in Q2
    The recent leadership changes at Marsh & McLennan Companies (MMC) and its insurance broking unit Marsh appear to be having an impact on performance, with increased revenues and operating profits in the second quarter.
    06 August 2008
  • Munich Re hit by investment slump
    Munich Re has confirmed its earnings warning in its first half results, with profits slashed to EUR1.4bn in the period, after the bottom line was hit by a slump in investment returns.
    06 August 2008
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