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Eastern Was Completed Effective January 1, 2014
Jan 3, 2014ProAssurance Corporation (NYSE: PRA) announced today that its acquisition of Eastern Insurance Holdings, Inc. (Eastern) was completed effective January 1, 2014. Eastern's shareholders overwhelmingly approved the transaction at a special ...
Tags: ProAssurance Corporation, acquisition, Eastern Insurance Holdings
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Direct Line Group Reported Operating Profit of 131.2m for The Q3,with an Increase of 6.1%
Nov 5, 2013British motor insurer Direct Line Group has reported operating profit of £131.2m for the third quarter of 2013, with an increase of 6.1% compared to £123.7m during the same period earlier year. The company said that the 6.1% ...
Tags: motor insurer, Direct Line
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Foreign Insurance Giants Cast Eye on The Chinese Vehicle Insurance Market in Succession
Sep 10, 2013Foreign insurance giants have cast eye on the Chinese vehicle insurance market in succession. Hubei Biocause Pharmaceutical Co., Ltd. (SZSE: 000627), a shareholder of Tianping Auto Insurance Co., Ltd., said in a statement on September ...
Tags: Vehicle Insurance, Service
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Hong Kong Insurance Industry Reported Gross Premiums of $143.7bn, up 14.5%
Sep 4, 2013Hong Kong insurance industry has reported gross premiums of $143.7bn in the first half ended on 30 June 2013 (H1), up 14.5%, compared during the same period in 2012, according to the Office of the Commissioner of Insurance. For the long ...
Tags: Insurance
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QBE Insurance Posted a Net Profit of $477m for The First Half of 2013, a Decline of 37%
Aug 22, 2013Australian general insurer QBE Insurance Group has posted a net profit of $477m for the first half of 2013, a decline of 37% compared to $760m for the same period last year. Underwriting profit grew by 2% to $530m for the first half of ...
Tags: Insurance, general insurer
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GE Is Reportedly Considering Sale of Its Australia-Based Insurance Business
May 14, 2013General Electric (GE) is reportedly considering sale of its Australia-based insurance business, GE Capital Insurance, in an effort to adjust its Australian portfolio, a source familiar with the deal has revealed. The source was quoted by ...
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American Financial Group Reported Net Earnings Attributable to Shareholders of $50m
Feb 18, 2013American Financial Group has reported net earnings attributable to shareholders of $50m, or $0.54 per share for the fourth quarter of 2012, against $109m, or $1.09 per share during the same period earlier year. The P&C specialty insurance ...
Tags: American Financial Group, net earnings, 2012
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Argo Group Has Posted Net Income of $24m
Dec 7, 2012Argo Group International Holdings has posted net income of $24m, or $0.92 per diluted share, up 10% from a net income of $21.6m, or $0.78 per diluted share during the same period last fiscal. Argo Group CEO Mark E Watson III said, "Each ...
Tags: Argo Group International Holdings, net income, underwriting profit
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AXIS Capital Holdings Has Reported Net Income Attributable to Common Shareholders
Dec 4, 2012AXIS Capital Holdings has reported net income attributable to common shareholders for the second quarter of 2012 of $168m, or $1.35 per diluted common share, up by 66% from $101m, or $0.79 per diluted common share, during the same period ...
Tags: AXIS Capital Holdings, net income, second quarter, common share, insurance
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American Financial Group Has Reported Net Earnings Attributable to Shareholders of $226m
Dec 3, 2012American Financial Group has reported net earnings attributable to shareholders of $226m or $2.39 per share for the third quarter of 2012, with an increase of 133% from $97m, or $0.95 per share, during the same period last year. Its core ...
Tags: American Financial Group, net earnings, quarter 3, shareholder