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 latest transaction comes a month after the insurance credit rating agency AM Best warned that insurers faced an additional $15bn of losses from asbestos in the coming years....
...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....
...As a result, the company will focus on its property and casualty, group benefits and mutual fund businesses....
...John Paulson, the billionaire investor, has taken public his efforts to get The Hartford Financial Services Group to split into two companies....
...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...
...as China Pacific Insurance 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....
...., and the role of C.V. Starr & Co., Inc....
...Six companies have been approved for capital injections: Hartford Financial Services, Prudential, Allstate, Ameriprise, Lincoln National and Principal Financial, although Ameriprise turned down the money...
...Acquisition of the AIG business would boost Zurich Financial’s scale in the US, where it says it is the third largest property and casualty insurer....
...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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