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Catalana Occidente board agrees to relocate its registered office to Madrid

Tuesday, 10 Oct 2017 06:54am EDT

Oct 10 (Reuters) - GRUPO CATALANA OCCIDENTE SA ::SAYS BOARD AGREES TO RELOCATE ITS REGISTERED OFFICE TO MADRID.

AIG says to no longer have Commercial and Consumer segments​

Monday, 25 Sep 2017 07:00am EDT

Sept 25 (Reuters) - AIG :AIG announces changes to its organizational structure.AIG - ‍company will no longer have commercial and consumer segments​.Says ‍company expects that its year-end financial reporting will reflect new structure​.AIG - General Insurance and Life & Retirement will each have distinct business units that reflect how business is marketed and underwritten​.AIG - ‍as a result of structure changes, Rob Schimek, CEO of Commercial, will be leaving company at end of October to pursue other interests​.AIG - AIG also intends to align its incentive and performance management systems accordingly​.

Assurant reports preliminary loss estimates for hurricanes Harvey and Irma

Monday, 11 Sep 2017 08:30am EDT

Sept 11 (Reuters) - Assurant Inc ::Assurant shares preliminary loss estimates for hurricanes Harvey and Irma.Assurant - ‍expects Harvey's impact to result in $134 million - $140 million pre-tax of reportable catastrophe losses, net of reinsurance, and reinstatement premiums.Assurant- expects gross losses from hurricane irma will exceed retention of $125 million pre-tax but will remain within co's comprehensive reinsurance program​.Assurant Inc - Harvey's impact to catastrophe losses for global housing business unit will be reflected in its Q3 2017 financial results​.

Marsh & Mclennan ‍announces new global management structure, including appointments to its executive management team​

Wednesday, 6 Sep 2017 04:15pm EDT

Sept 6 (Reuters) - Marsh & Mclennan Companies Inc :Marsh & Mclennan - ‍announced new global management structure, including new appointments to its executive management team​.Marsh & Mclennan - ‍co's global management structure includes newly-formed global risk & digital division, global placement & specialties division​.Marsh & Mclennan - co's ‍new structure also includes marsh international​.Marsh & Mclennan - ‍John Drzik is appointed president of Global Risk & Digital; Dean Klisura is appointed president, Global Placement and Specialties​.Marsh & Mclennan - ‍Flavio Piccolomini is appointed president of Marsh International​.

Crawford & Company Q2 earnings per share $0.19

Wednesday, 9 Aug 2017 06:45am EDT

Aug 9 (Reuters) - Crawford & Co :Crawford & Company reports strong 2017 second quarter results.Sees FY 2017 earnings per share $0.63 to $0.73.Q2 earnings per share $0.19.Sees FY 2017 revenue $1.1 billion to $1.13 billion.Q2 revenue $275.1 million.Q2 non-GAAP earnings per share $0.27.Q2 earnings per share view $0.19 -- Thomson Reuters I/B/E/S.Crawford & Co - ‍expects to incur restructuring and special charges in 2017 totaling approximately $13.0 million pretax​.FY2017 earnings per share view $0.74, revenue view $1.13 billion -- Thomson Reuters I/B/E/S.Crawford & Co sees FY consolidated adjusted ebitda between $130.0 and $140.0 million .

Unipol Gruppo Finanziario H1 consolidated net loss of EUR 390 million, after bank restructuring adjustments

Friday, 4 Aug 2017 01:23am EDT

Aug 4 (Reuters) - UNIPOL GRUPPO FINANZIARIO ::H1 CONSOLIDATED NET INCOME, INCLUDING THE EFFECTS OF THE RESTRUCTURING PLAN OF THE BANKING SECTOR, AMOUNTED TO LOSS OF EUR 390 MILLION.H1 NET PREMIUMS OF 5.69 BILLION EUROS VERSUS 7.59 BILLION EUROS YEAR AGO.COMBINED RATIO FOR DIRECT BUSINESS OF 95.3 AS AT JUNE 30.CONSOLIDATED SOLVENCY RATIO BASED ON ECONOMIC CAPITAL EQUAL TO 153%.

Vienna Insurance Group: change at the managing board

Tuesday, 30 May 2017 10:59am EDT

May 30 (Reuters) - VIENNA INSURANCE GROUP ::CHANGE AT THE MANAGING BOARD OF VIENNA INSURANCE GROUP.ON 1 JULY 2017, ROLAND GRÖLL WILL MOVE FROM HIS POSITION AT VIENNA INSURANCE GROUP (VIG) TO BECOME A MEMBER OF MANAGING BOARDS OF WIENER STÄDTISCHE VERSICHERUNG AND DONAU VERSICHERUNG.GERHARD LAHNER WILL BECOME CFO OF KOOPERATIVA POJISTOVNA, A.S., AND A MEMBER OF MANAGING BOARD OF CESKÁ PODNIKATELSKÁ POJISTOVNA, A.S. (CPP) IN PRAGUE.

Patriot National announces review of strategic alternatives

Tuesday, 30 May 2017 06:45am EDT

May 30 (Reuters) - Patriot National Inc :Patriot national announces review of strategic alternatives.Patriot national - board formed a new special committee of independent directors to explore and review a range of strategic alternatives for company.Patriot national - does not intend to discuss or disclose further developments unless and until board has approved a specific action.

Zurich Insurance reinsures $2.3 bln book with Reinsurance Group of America

Thursday, 18 May 2017 12:05pm EDT

May 18 (Reuters) - Zurich Insurance Group Ag :says subsidiary Farmers New World Life signed an agreement with Reinsurance Group of America <<>> to reinsure a portion of its closed U.S. annuity book, representing reserves of roughly $2.3 billion."The transaction with Reinsurance Group of America is another example of how the Group actively manages its capital and sharpens its business profile. This transaction reduces risk and continues the process of simplifying the group and releasing capital from non core activities as communicated at the time of our investor day in 2016," CFO George Quinn said in a statement.

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