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Zurich stated that it estimates the tsunami claims and the increment in hurricane losses to impact net income in the fourth quarter 2004 by $185 million. However, it
HHG had been expected to sell its closed life businesses to Sun Capital, the private equity group run by entrepreneur Hugh Osmond. Mr Osmond, a venture capitalist, reached
DeMontfort is an insurance company, located in the UK, that provides surety and credit insurance to small and medium sized companies throughout the UK and Ireland. Led by
Shareholders would receive 100% of the common shares of American Express Financial Corporation, through which the financial advisors business is conducted. This spin-off will create two distinct businesses
In the process, the company is divesting all other La Suisse operations, selling the La Suisse property and liability lines to Vaudoise and taking on the latter’s group
While the agreement is expected to make MetLife the largest individual life insurer in North America, it is also a significant strategic move by Citigroup. Having previously looked
Net income was $303 million for the fourth quarter, or $0.45 per basic share, compared to $489 million, or $1.13 per basic share, in the prior year quarter.
William Gallagher Associates (WGA) has also joined the Genesys human resources outsourcing (HRO) Partner Program. Philip Edmundson, CEO of WGA, said: By partnering with Genesys, we are able
The agreement will enable participating American Express business cardmembers to receive savings on UnitedHealth Allies health discount cards. Business cardmembers in more than 30 states will also have
The positive results were primarily driven by increases in equity markets, with double-digit earnings growth in the company’s Canadian, US and Asian businesses, the company said. Operating earnings