Property and casualty insurer Chubb Corp reported a 32% fall in first-quarter profit, hurt by higher catastrophe losses related to the severe winter in the United States.
Buildings swayed in Mexico City and some neighborhoods lost power after a 7.5-magnitude earthquake struck about 164 miles southwest of the capital of Latin Americas second-largest economy.
Target Corp's net profit almost halved in the holiday quarter as the third-largest U.S. retailer dealt with the fallout of a massive data breach and warned that costs related to the event could hurt future profits.
Target Corp's net profit almost halved in the holiday quarter as the third-largest U.S. retailer dealt with the fallout of a massive data breach and warned that costs related to the event could hurt future profits.
A slump in reinsurance prices is playing to the strengths of the biggest global reinsurers, while piling pressure on smaller competitors to diversify or consolidate.
Allstate Corp aims to grow its share of the U.S. home and auto insurance markets without the need for "abnormally large" rate increases, its CEO said, after the company's profit more than doubled in the fourth quarter.
Allstate Corp aims to grow its share of the U.S. home and auto insurance markets without the need for "abnormally large" rate increases, its CEO said, after the company's profit more than doubled in the fourth quarter.