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.
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.
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.
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.
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.
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.
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.
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.
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.