Randy Binner News
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Hartford Financial Services Group Inc. posted a first-quarter loss as the insurer recorded costs to pay down debt and guard against losses on savings products known as variable annuities.
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Leon Black’s Apollo Global Management LLC private-equity firm and asset manager Guggenheim Partners LLC are betting they can make a windfall on annuities as insurers scale back from the retirement products.
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American International Group Inc., the insurer that repaid a U.S. bailout, gained in early trading as fourth-quarter results beat analysts’ estimates after investments drove a surprise operating profit.
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MetLife Inc., the largest U.S. life insurer, is turning to the world’s biggest retailer and Snoopy to boost sales of its policies to less-affluent consumers.
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Amerisafe Inc., the workers’ compensation insurer for industries including construction and logging, gained the most since 2008 after fourth-quarter profit beat analysts’ estimates.
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Hartford Financial Services Group Inc. advanced the most on the 22-company Standard & Poor’s 500 Insurance Index after the firm agreed to sell a life unit to Prudential Financial Inc.
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U.S. stocks rebounded from the worst slump since November as German business confidence jumped to a 10-month high and earnings from Hewlett-Packard Co. and American International Group Inc. topped estimates.
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MetLife Inc. may target annuities and U.S. retail life insurance for cost cuts as Chief Executive Officer Steven Kandarian unveils his plan to improve returns.
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Hartford Financial Services Group Inc., the insurer divesting life operations to focus on property-casualty coverage, said third-quarter profit rose as claims from storms fell.
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U.S. stocks rose, giving the Standard & Poor’s 500 Index its biggest gain in about a month, as investors weighed prospects for a budget deal in Washington.
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