Property and casualty insurer Travelers
Cos Inc (TRV) beat profit estimates for the first quarter on Tuesday as an increase in returns from investments helped cushion the hit from catastrophe claims. New York-based Travelers, often seen as a bellwether for the insurance sector as it typically reports before its industry peers, said net written premiums rose 2% to $7.51 billion in the quarter.
UnitedHealth Group Inc. (UNH) recorded stronger year-over-year revenue and profit figures for the first three months of 2021, driven by growth in its insurance programs for communities and seniors and its health-services business. Although the coronavirus pandemic is still weighing on the healthcare industry, the Minnetonka, Minn.-based company said Thursday that its first-quarter results had boosted its outlook for the full year. UnitedHealth (UNH) is the parent company for...
According to Freddie Macs Quarterly Forecast, mortgage rates will continue to move up with the 30-year fixed-rate mortgage averaging just above three percent through the end of 2021. As the economy continues to improve, we expect conditions to remain generally favorable for the housing and mortgage market, said Sam Khater, Freddie Macs Chief Economist.
Asian shares were mixed early Tuesday as global investors shook off worries about a hedge fund default that roiled global banking stocks overnight, while rekindled concerns about inflation pushed bond yields higher. Wall Street pared earlier losses driven by the banking sector on fears that issues with a defaulting hedge fund could spread throughout the banking sector.
The booming digital health and wellness sector is optimistic about its future, yet it faces a wide range of complex, interconnected risks that must be resolved if it is to achieve its growth potential.
INSUREtrust is excited to announce that it has teamed up with the cyber industrys top risk management firms to launch its exclusive innovation platform, the Cyber Secure Platform. As the cyber insurance market continues to harden, the CSP will differentiate INSUREtrust as a specialty broker who focuses on cyber as a primary placement product.
JPMorgan Chase& Co. agreed to pay $410 million for a stake in a leading Chinese wealth-management business, as the U.S. financial industry continues to make inroads in China. The U.S. banking giant's asset-management arm plans to take a 10% stake in the wealth subsidiary of China Merchants
Bank (CIHHF). The deal, which is pending regulatory approval, marks the first time a Chinese bank has opened up its wealth- management subsidiary to a foreign strategic investor.
Plug Power Inc. (PLUG), a leading provider of turnkey hydrogen solutions building the global green hydrogen economy, announced today that it received an expected letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC stating that the Company is not in compliance with Nasdaq Listing Rule 5250 because it has not yet filed its Annual Report on Form 10-K for the year ended Decemb...
--Combined Company, to be branded NewLake Capital Partners, owns a diversified portfolio of 24 properties across 9 states with $325 million of combined assets Tenants include many of the highest credit-quality companies in the cannabis industry, such as Curaleaf, Cresco, Columbia Care and Trulieve Combined company has over $110 million in cash Combined management team of David Weinstein as CEO,...
IVANS Insurance Solutions® today announced IVANS Distribution Platform, the industrys platform for commercial lines marketing and sales distribution. Seeing new ways to solve old problems is really exciting, said Deb Smallwood, senior partner, Strategy Meets Action. IVANS Distribution Platform improves the entire commercial lines policy lifecycle.
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