Insurance News
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National Australia's Axa Bid Is Blocked by Regulator
National Australia Bank Ltd. ’s planned A$13.3 billion ($12.2 billion) takeover of asset manager Axa Asia Pacific Holdings Ltd. was blocked a second time by the regulator, clearing the way for AMP Ltd. to renew its challenge.
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PMI Surges After Saying Default Notices Fell, California, Florida Improved
PMI Group Inc. , the mortgage insurer that posted 12 straight quarterly losses, jumped in New York trading after saying the risk of claims declined in the California and Florida markets.
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Tropical Storm Igor Heads West, Forecast to Be Major Hurricane
Tropical Storm Igor strengthened off the coast of Africa and is forecast to become a hurricane by this weekend on a track that will take it due west over some of the Atlantic’s warmest water, the National Hurricane Center said.
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AIG's Sale of Asia Unit Will Be Among Largest Public Offerings, Walsh Says
American International Group Inc. ’s planned initial public offering of its main Asia division will be among the world’s largest share sales, according to Nicholas Walsh , head of the insurer’s non-U.S. property-casualty unit.
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