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Dutch financial services group Aegon N.V. said its second-quarter net income fell 58% on investment losses and unfavorable currency exchange rates. read more »
German insurer Allianz S.E. reported a 27.9% fall in second-quarter net profit as weak capital markets cut into banking and insurance earnings.
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Citing “difficult trading conditions” and reserving pressures on its annuities business, U.K.-based financial services group Friends Provident plc re
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The global credit crisis tore a hole in the profits of some of Europe's top insurers on Thursday, with AXA and Aegon both posting lower earnings.
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American International Group confirmed analysts' worst forecasts, as it posted a net loss for the second quarter of 2008 of $5.36 billion or $2.06 pe
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Bermuda-based XL Capital Ltd. announced that it has closed the transactions relating to Security Capital Assurance Ltd. and "certain counterparties t
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According to the latest tally compiled by Reuters, around $349 billion of credit-related writedowns and losses have so far been recorded by major ins
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