Hints and tips:
...Axa SA shareholders must wonder, however, if the company could have waited for a more opportune moment for the IPO instead of selling into a deeply sceptical market....
...The disposal leaves The Hartford, whose history stretches back to 1810, focused on property casualty insurance and employee benefits....
...Contracts for variable annuities can be complex and hard for providers to manage, and several companies — including The Hartford — have closed or scaled back their variable annuity operations after running...
...The insurer, which is more than 200 years old, has overhauled its operations in recent years to focus on property-casualty cover, as well as group benefits and mutual funds....
...The results from the Hartford, which sells mutual funds as well as property and casualty insurance and group benefit policies, are the latest sign of a squeeze on the industry’s profits....
...Hartford has been looking to sell Woodbury since it bowed to shareholder pressure in March to focus on its property and casualty business....
...He has argued that too few analysts and investors understand complex insurance businesses and as a result have not seen the full value of Hartford’s “best in class” property and casualty unit....
...The Hartford, like other insurers, has been under pressure in its life insurance business as interest rates hover near zero, making it difficult to generate the income to cover pay-outs on products like...
...John Paulson, the billionaire investor, has taken public his efforts to get The Hartford Financial Services Group to split into two companies, says the FT....
...Over at Paulson & Co, the fund’s eponymous manager has ramped up calls for Hartford Financial, the US insurance firm, to split its property and casualty insurance business from the life insurance unit, by...
...Group and The Hartford, a US insurer....
...Like all bank holding companies with more than $50bn in assets, it is automatically designated, but the top 10 also includes four insurance companies: MetLife, which is structured as a bank holding company...
...The KBW property casualty index was up 1.6 per cent, paring some of the 2 per cent losses last week....
...The company’s life insurance business generated $118m in net income for the quarter, compared with a loss of $807m for the comparable period in 2008....
...., Inc., which was formed in 1950 and focuses on highly specialized insurance lines; far more, we believe, have joined other, larger companies....
..., as well as property and casualty insurers and pension funds....
...It sold Hartford Steam Boiler to Munich Re in April for $739m....
...It is also close to selling a smaller business, Hartford Steam Boiler Inspection and Insurance Co, said a person familiar with the situation....
...The stricken US insurance group AIG continued to shed assets on Monday by selling the Hartford Steam Boiler Company to Munich Re, the German reinsurer, for $742m....
...Tom Cholnoky Age: 52 Company: Goldman Sachs Sector: Insurance Education and career: Received an MBA in finance from University of Chicago and a BA in economics from Trinity College, Hartford, Connecticut...
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