By Arno Schuetze and Alexander Hübner FRANKFURT, Nov 29 (Reuters) - Munich Re’s Ergo unit has dropped plans to sell run-off life insurance policies, saying non-binding offers received by the company were too low. “In Ergo’s view, the current value of the portfolios and its potential appreciation is not adequately reflected in the offers submitted,” Ergo Chief Executive Markus Riess said late Tuesday. Ergo and rivals are struggling to pay guaranteed returns to clients because of record-low interest rates. Combined with more stringent European capital rules, this has prompted insurance companies to offload some life insurance operations. According to people close to the matter, run-off...
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American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by Metropolitan Life Insurance Co NY Metropolitan Life Insurance Co NY cut its position in shares of American Airlines Group Inc. ( NASDAQ:AAL – Get Rating ) by 45.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,972 shares of the airline’s stock after selling 33,856 shares during the period. Metropolitan Life Insurance Co NY’s holdings in American Airlines Group were worth $729,000 as of its most recent filing with the SEC. Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AAL. TD Asset...
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China Life Insurance Company Limited (NYSE:LFC) Shares Purchased by Mirae Asset Global Investments Co. Ltd. Mirae Asset Global Investments Co. Ltd. boosted its holdings in China Life Insurance Company Limited ( NYSE:LFC – Get Rating ) by 16.2% during the first quarter, Holdings Channel.com reports. The fund owned 98,046 shares of the financial services provider’s stock after acquiring an additional 13,634 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in China Life Insurance were worth $744,000 at the end of the most recent reporting period. Several other hedge funds also recently modified their holdings of LFC. LMR Partners LLP boosted its...
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Bus stations near Lau Connie New York Life Insurance Company in Urban Honolulu Bus lines to Lau Connie New York Life Insurance Company in Urban Honolulu What are the closest stations to Lau Connie New York Life Insurance Company? The closest stations to Lau Connie New York Life Insurance Company are: S Beretania St + Pali Hwy + Bishop St is 35 yards away, 2 min walk. Pali Hwy + S Beretania St is 67 yards away, 2 min walk. Bethel St + S Beretania St is 131 yards away, 3 min walk. Bishop St + S Hotel St is 147 yards away, 3 min walk. S Hotel St + Bishop St is 238 yards away, 4 min walk. Which Bus lines stop near Lau Connie New York Life Insurance Company? How far is the bus stop from Lau...
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The Zacks Analyst Blog Highlights: Comcast, Thermo Fisher, China Life Insurance, Deere And American Airlines Here are highlights from Thursday’s Analyst Blog: Top Research Reports for Comcast, Thermo Fisher and China Life The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Comcast (Nasdaq: CMCSA – Free Report ), Thermo Fisher (NYSE: TMO – Free Report ) and China Life Insurance (NYSE: LFC – Free Report ). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. Comcast’s shares have gained +11.8%...
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American, the world's largest airline, poised to have the world's largest supersonic fleet with new Boom Supersonic aircraft FORT WORTH, Texas and DENVER, Aug. 16, 2022 /PRNewswire/ -- American Airlines and Boom Supersonic today announced the airline's agreement to purchase up to 20 Overture aircraft, with an option for an additional 40. American has paid a non-refundable deposit on the initial 20 aircraft. Overture is expected to carry passengers at twice the speed of today's fastest commercial aircraft. Boom Supersonic's Overture would introduce an important new speed advantage to American's fleet, which is currently the simplest, youngest and most efficient...
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TOKYO, April 25 (Reuters) - Japan’s Daido Life Insurance plans to increase its holdings of stocks and foreign bonds in the current financial year to March expecting a solid global economy in the first half, a senior company executive said on Wednesday. Within foreign bonds, Daido plans to reduce U.S. bonds and cut currency hedge ratio on them because of rising dollar hedge costs, Yoshihiro Okita, executive officer of investment planning, told Reuters in an interview. “We plan to purchase stock Exchange Traded Funds (ETFs) and index funds with focus on dividends, mostly in the first half of our financial year,” Okita said. Daido expects the U.S. economy to be strong in the six months to...
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"48 Hours": Family of Murdaugh victim shares details of mysterious boat crash death 03:39 Disgraced South Carolina lawyer Alex Murdaugh has been disbarred by the state's Supreme Court for "admitted reprehensible misconduct." Since his initial arrest last year, Murdaugh has been accused of money laundering and fraud charges, but he could also be charged with murder later this week, his attorney said Tuesday. "Based on his admitted reprehensible misconduct, we hereby disbar respondent Richard Alexander Murdaugh from the practice of law in South Carolina," the Supreme Court said in an order signed by all five court justices on Tuesday. The disbarment comes after Murdaugh, 54, was hit with his...
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IN BRIEF: Chesnara buys Dutch life insurance firm Conservatrix IN BRIEF: Chesnara buys Dutch life insurance firm Conservatrix Chesnara PLC - Preston, England-based insurance company - Buys bankrupt insurance portfolio of Nederlandsche Algemeene Maatschappij van Levensverzekering "Conservatrix" NV. Chesnara says Conservatrix will be acquired by Waard, its Dutch closed book operation. "A capital contribution of GBP35 million to be provided to support the solvency position of the Conservatrix business, financed from the group's existing resources," Chesnara notes. The acquisition is expected to complete during autumn this year. Chesnara Chief Executive Officer Steve Murray says: "We recognise...
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American Airlines’ bid to end benefits for many retirees is rejected DALLAS — A federal judge has rejected an attempt by American Airlines to quickly cut off benefits for many of its retirees. The airline wants retirees who wish to keep their benefits to pay all the cost. Now the dispute could go to negotiations or a trial. On Friday, U.S. Bankruptcy Court Judge Sean Lane in New York rejected a request made by American’s former parent, AMR Corp., for the right to immediately eliminate retiree benefits for former pilots, flight attendants and other union workers. The judge granted AMR’s request for a group of nonunion workers, and American was left to ponder its next move. “American will...
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