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Property & Casualty Insurance

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American Financial Group Announces Q4 Earnings Per Share $1.84

Wednesday, 31 Jan 2018 05:01pm EST

Jan 31 (Reuters) - American Financial Group Inc ::AMERICAN FINANCIAL GROUP, INC. ANNOUNCES FOURTH QUARTER AND FULL YEAR RESULTS.SEES FY 2018 CORE OPERATING EARNINGS PER SHARE $7.90 TO $8.40.Q4 CORE OPERATING EARNINGS PER SHARE $2.20.Q4 EARNINGS PER SHARE $1.84.Q4 EARNINGS PER SHARE VIEW $1.71 -- THOMSON REUTERS I/B/E/S.AMERICAN FINANCIAL GROUP - WITH BENEFIT OF TAX REFORM, EXPECT CORE NET OPERATING EARNINGS IN 2018 TO BE BETWEEN $7.90 AND $8.40 PER SHARE.EXPECTS THAT 2018 ANNUITY SALES WILL BE UP 2% TO 6%.ANTICIPATES THAT ITS PRETAX ANNUITY EARNINGS WILL BE IN RANGE OF $385 TO $425 MILLION FOR 2018.AMERICAN FINANCIAL GROUP - RECOGNIZED NON-CORE TAX BENEFIT OF $56 MILLION ($0.62PER SHARE) IN Q4 2017 RELATED TO NEON RESTRUCTURING.

Travelers Europe To Create European Subsidiary In Dublin In Response To Brexit

Tuesday, 19 Dec 2017 09:00am EST

Dec 19 (Reuters) - Travelers Companies Inc ::TRAVELERS EUROPE TO CREATE EUROPEAN SUBSIDIARY IN DUBLIN IN RESPONSE TO BREXIT.TRAVELERS EUROPE - ‍TRAVELERS EUROPE TO CREATE EUROPEAN SUBSIDIARY IN DUBLIN IN RESPONSE TO BREXIT​.TRAVELERS EUROPE SAYS ‍PROPOSED PLAN WILL NOT AFFECT TRAVELERS' UK-BASED OPERATIONS​.

First American Announces Agreement To Acquire Bank Of America’S Lien Release Business Operations And Assets

Friday, 8 Dec 2017 09:00am EST

Dec 8 (Reuters) - First American Financial Corp ::FIRST AMERICAN ANNOUNCES AGREEMENT TO ACQUIRE BANK OF AMERICA’S LIEN RELEASE BUSINESS OPERATIONS AND ASSETS.FIRST AMERICAN FINANCIAL CORP - ‍ BANK OF AMERICA'S LIEN RELEASE BUSINESS AND ITS EMPLOYEES WILL BECOME PART OF CO'S MORTGAGE SOLUTIONS DIVISION​.FIRST AMERICAN FINANCIAL CORP - ‍ ACQUISITION WILL INCLUDE AGREEMENT TO CONTINUE TO PROVIDE LIEN RELEASE SERVICES TO BANK OF AMERICA​.

Tryg acquires Alka Forsikring

Monday, 4 Dec 2017 01:03am EST

Dec 4 (Reuters) - Tryg ::ACQUIRES ALKA FORSIKRING.- ‍TOTAL CONSIDERATION OF DKK 8.2BN​.- ‍IDENTIFIED MERGER BENEFITS IN COMBINED ENTITY OF DKK 300M, TO BE DELIVERED BY 2021​.TRANSACTION IS EXPECTED TO CLOSE DURING H1 2018, FOLLOWING A PERIOD OF REGULATORY APPROVAL.‍IDENTIFIED MERGER BENEFITS IN COMBINED ENTITY OF DKK 300M, TO BE DELIVERED BY 2021​.- ‍WILL FINANCE TRANSACTION BY ISSUING UP TO 10% OF CURRENT SHARES OUTSTANDING IN AN EQUITY PLACING THROUGH ABB.‍WILL FINANCE TRANSACTION BY ISSUING UP TO 10% OF CURRENT SHARES OUTSTANDING​.‍SAYS SIGNIFICANT LONG TERM POTENTIAL TO INCREASE ORDINARY DIVIDENDS​.- ‍SHARE PLACEMENT TO RAISE APPROXIMATELY DKK 4BN​.‍REDUCTION IN OVERLAPPING LABOUR COSTS WILL MOSTLY BE DELIVERED THROUGH NATURAL ATTRITION ACROSS COMBINED ENTITY​.

Hiscox Ltd says 9-month ‍gross written premiums up by 12.4 pct to 2.09 bln pounds

Tuesday, 7 Nov 2017 02:01am EST

Nov 7 (Reuters) - HISCOX LTD :​:9-MONTH ‍GROSS WRITTEN PREMIUMS GREW BY 12.4% TO £2,088.8 MILLION​.‍CLAIMS ARISING FROM MEXICO EARTHQUAKES AND CALIFORNIA WILDFIRES ARE NOT EXPECTED TO BE MATERIAL FOR GROUP​.NOW ESTIMATE COMBINED NET CLAIMS FOR HURRICANES HARVEY, IRMA AND MARIA OF $225 MILLION AGAINST A ESTIMATE US$225 MILLION FOR HARVEY AND IRMA ​."‍WE ARE SEEING SIGNS OF A HARDENING MARKET​".IN LOSS-AFFECTED AND LOSS-EXPOSED US PROPERTY LINES BUSINESS WE ARE SEEING INCREASES OF BETWEEN 10% AND 50% AND SOMETIMES MORE​.‍FOR REINSURANCE, ANTICIPATE DOUBLE-DIGIT INCREASES IN RATES FOR US CATASTROPHE-EXPOSED BUSINESS AT IMPORTANT JANUARY RENEWALS​.‍NEW EUROPEAN INSURANCE COMPANY, HISCOX S.A., HAS BEEN FORMALLY INCORPORATED IN LUXEMBOURG WHERE WE HAVE STARTED TO BUILD A SMALL LOCAL TEAM​.‍SUBJECT TO FINAL REGULATORY APPROVAL, WE ARE ON TRACK TO START WRITING INTO NEW CARRIER IN LUXEMBOURG FROM Q2 2018​.DRAFT BILL SEEKS TO LEVY A 20% EXCISE TAX ON PAYMENTS MADE TO FOREIGN AFFILIATES WHICH COULD HAVE IMPACT ON INTERNAL REINSURANCE ARRANGEMENTS​.

Travelers expects property & casualty insurance market to remain "competitive"

Thursday, 19 Oct 2017 08:07am EDT

Oct 19 (Reuters) - Travelers Companies Inc :Travelers Companies-property & casualty insurance market conditions expected to remain "competitive" during rest of 2017 & into 2018 for new business‍​.Travelers Companies-in business insurance,expects underlying underwriting margins & combined ratio for rest of 2017 & 2018 to be broadly consistent.Travelers Companies - in personal insurance, expects underlying underwriting margins during rest of 2017 to be higher than in same period of 2016.Travelers Companies - in personal insurance, expects underlying combined ratio during remainder of 2017 to be lower than in same period of 2016.Travelers Companies - in personal insurance, expects underlying underwriting margins into 2018 will be higher versus same periods of 2017.Travelers Companies - in personal insurance, expects underlying combined ratio into 2018 will be slightly lower versus same periods of 2017.Travelers Companies Inc - overall, expects retention levels will remain "strong by historical standards" during remainder of 2017 and into 2018.

Hanover estimates Q3 catastrophe losses to be in range of $185 mln-$225 mln

Thursday, 5 Oct 2017 04:15pm EDT

Oct 5 (Reuters) - Hanover Insurance Group Inc :The hanover estimates the impact of third quarter catastrophes.Hanover insurance group inc - estimates q3 catastrophe losses to be in range of $185 to $225 million before taxes and net of reinsurance.Hanover insurance group inc - ‍updated loss estimates will be reflected in hanover's q3 financial results​.Hanover insurance group - losses from co's international specialty group, chaucer, estimated to be in range of $115 to $135 million before taxes, net of reinsurance.Hanover insurance-estimate includes anticipated losses from hurricanes harvey, irma, maria and two mexico earthquakes, as well as other catastrophe activity in quarter.Hanover insurance group inc - losses in company's domestic business are expected to be in range of $70 to $90 million before taxes and net of reinsurance.

PICC Property and Casualty ‍updates on derivative action involving a director​

Tuesday, 19 Sep 2017 08:08pm EDT

Sept 20 (Reuters) - Picc Property And Casualty Co Ltd <2328.HK>::Updates on derivative action in Cayman Islands involving an independent non-executive director​.Company considers that derivative action will not have any effect on business or operations of company​.Board of directors of Shanshui Cement is seeking legal advice on claims in derivative action​.Relief is sought in name of Shanshui Cement as against the defendants​.

AA confirms it had talks with rival Hastings on insurance merger

Tuesday, 12 Sep 2017 02:00am EDT

Sept 12 (Reuters) - Aa Plc :AA PLC - PRESS SPECULATION.‍NOTES YESTERDAY'S PRESS SPECULATION ON A POTENTIAL TRANSACTION WITH HASTINGS INVOLVING ITS INSURANCE BUSINESS​.‍REGULARLY REVIEWS ALL STRATEGIC OPTIONS, INCLUDING WHETHER A SPIN-OFF OF ANY OF ITS BUSINESS LINES WOULD UNLOCK FURTHER VALUE​.‍CONFIRM THAT WE DID HAVE PRELIMINARY DISCUSSIONS WITH HASTINGS IN EARLY SUMMER TO EXPLORE A POSSIBLE COMBINATION OF AA'S INSURANCE BUSINESS WITH HASTINGS​.

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