[ad_1] June 29 (Reuters) – Lamberto Mongardi, a farm owner in the northern Italian town of Lugo, was hit twice when torrential rain lashed the area last month: not only…
Tag: LIFINS
Exclusive: Italian prosecutors investigate Cinven-owned Eurovita
[ad_1] MILAN, June 22 (Reuters) – Prosecutors in Milan have opened an investigation into Eurovita, a small life insurer that has been placed under special administration by Italian authorities, two…
Sweden’s Handelsbanken to sell Finnish businesses for $1.4 billion
[ad_1] OSLO, May 31 (Reuters) – Sweden’s Handelsbanken (SHBa.ST) said on Wednesday it has agreed to sell parts of its Finnish operation to three local companies for about 1.3 billion…
HSBC quashes Ping An-backed protest vote at annual meeting
[ad_1] BIRMINGHAM, England, May 5 (Reuters) – HSBC (HSBA.L) soundly defeated a bid to break-up the bank and spin-out its lucrative Asian business at its annual investor meeting in Birmingham…
Insurer AIG exceeds profit estimates on strong underwriting gains
[ad_1] May 4 (Reuters) – American International Group Inc (AIG.N) beat market estimates for first-quarter profit on Thursday, as record underwriting gains cushioned the blow from lower alternative investment returns.…
HSBC restores quarterly dividend, sets buyback as profit triples
[ad_1] HONG KONG, May 2 (Reuters) – HSBC Holdings (HSBA.L) reported on Tuesday a better than expected tripling of quarterly profit, as rising interest rates worldwide boosted the lender’s income…
Bank of England tells insurers to moderate their push into pensions
[ad_1] LONDON, April 27 (Reuters) – The Bank of England warned insurers on Thursday not over extend themselves in grabbing more business from pension schemes eager to offload risks. Charlotte…
India cenbank gives HDFC Bank selective regulatory relief post HDFC merger
[ad_1] MUMBAI, April 21 (Reuters) – The Reserve Bank of India (RBI) has allowed HDFC Bank Ltd (HDBK.NS) and Housing Development Finance Corp Ltd (HDFC) (HDFC.NS) selective regulatory relief to…
Italy close to securing industry safety net for Cinven-owned Eurovita, sources say
[ad_1] First Italian insurer under special administration Intesa among companies ready to back rescue deal Government, regulators confident Eurovita is isolated case ROME, March 30 (Reuters) – Italian authorities are…
Breakingviews – Richard Li’s insurer offers geopolitical cover
[ad_1] HONG KONG, March 22 (Reuters Breakingviews) – Time may be on Richard Li’s side. The tycoon is preparing to list his $9 billion Asian insurer FWD in his home…