earnings News

New Zealand Nonlife Rates To Rise

Excess capacity, intense competition, inadequate premium rates and a high level of claims resulted in a very poor earnings performance...

TROUBLES FOR BLANCH

Shares of E.W. Blanch Holdings plummeted 62 percent March 21 after it projected lower than expected profits. The Dallas-based holding...

BANKS ARE BOOMING

For the eighth straight year, U.S. banks saw record profits in 1999, reaping the benefits of the longest economic expansion...

Erie Gets Top Rating

For the eighth consecutive year, A.M. Best bestowed an “A++” rating on Erie Insurance Group and all its p/c companies....

Australia Battered by Storms, Floods

Monsoon driven rains continued to dump water on central and Northeastern Australia, knocking out bridges, flooding highways and isolating many...

Allianz Acquires Egyptian Insurer

Germany’s Allianz AG acquired a controlling 80 percent interest in Cairo-based Arab International Insurance Company (AIIC) by purchasing the 40...