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Swiss Re and General Electric have agreed that the portion of the purchase price payable in Swiss Re shares is to be reduced to $2.4 billion. In addition, $500 million of mandatory convertible instrum

"This was by far the best combined ratio and most profitable quarter in Chubb's history," said Chubb Chairman John Finnegan. "All three of our insurance businesses made substantial contributions to th

The study, titled "Title Insurance: Preliminary Views and Issues for Further Study," was released yesterday by the GAO through Rep. Mike Oxley, R-Ohio, House Financial Services Committee chairman. Rep

Under the IRS' ruling the exemption applies only to nonlife insurance companies with "gross receipts" for the taxable year that do not exceed $600,000, if premiums make up more than 50 percent of gros

Under the IRS' ruling the exemption applies only to nonlife insurance companies with "gross receipts" for the taxable year that do not exceed $600,000, if premiums make up more than 50 percent of gros

The issue discussed at an April 19 conference call by insurers and regulators involved hybrid securities in carriers' portfolios that have been classified as common stock by the Securities Valuation o