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Including one-off income from capital gains on shares and real estate of E600 million, Aegon achieved total profits of E1.66 billion, up from E1.03 billion in 2003, a
The National Flood Insurance Program (NFIP) was established by the US Congress in 1968, in response to the rising cost of taxpayer-funded disaster relief for flood victims and
For the full year, the financial group, the second largest insurer in the UK, recorded a 39% increase in pre-tax operating profit of GBP1.1 billion, attained largely due
The insurance titan said the move was in line with its strategy to strengthen the group’s life insurance business by focusing on markets where it has a significant
A municipality can suffer significant loss of tax revenue when a business located within that municipality experiences a property loss. Tax Interruption Insurance fills a vital need for
In the fourth quarter, consolidated revenues declined 1% to $3 billion. After restructuring, regulatory settlements and related expenses, the company reported a net loss of $676 million in
Under the terms of the agreement, each holder of common stock of NCRIC will have the right to receive 0.25 of a share of ProAssurance common stock for
In 2004, Ambac was a leading guarantor of international transactions, guaranteeing over $20 billion of par and generating $367 million in credit enhancement production. Ambac has provided financial
St. Paul Travelers is now the preferred provider of coverage such as directors and officers liability, property-casualty coverage, financial institution bond, kidnap and ransom, employment practices liability, fiduciary
Lohmann has presided over Converium ever since the company’s formation following a spin-off from Zurich Financial Services in 2001. However, over the last 12 months Converium has endured