Italy's Generali plans revamping to boost profits

Article Abstract:

Assicurazioni Generali S.p.A. of Italy is to offer a 1.8 billion Euros ($2.1 billion) share buyback in a restructuring effort to streamline operations and increase profit revenues. The insurance company is to float 4 billion Euros in stock to increase revenues. Assicurazioni Generali S.p.A. posted better earnings than financial projections for 2005.

Italy, Organizational history, Securities issued, listed, Securities, Company restructuring/company reorganization, Reorganization and restructuring, Company Profile, Company securities, Company organization, Assicurazioni Generali S.p.A.

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Scor likely isn't done pursuing Converium

Article Abstract:

Scor S.A. of France has made an unsuccessful acquisition bid for Converium Holding AG of Switzerland. The bid offer was 3 billion Swiss Francs ($2.43 billion) for the Swiss insurance interest. A takeover of Scor S.A. would create a synergy with approximately 5.3 billion Euros in annual premiums.

Acquisitions & mergers, Mergers, acquisitions and divestments, France, Company acquisition/merger, Scor S.A., Converium Holding Ltd.

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Credit-default swap losses hurt Swiss Re's net income

Article Abstract:

Fourth-quarter net profit for Swiss Reinsurance Col fell 87% to $161.9 mil, due primarily to the negative impact of subprime mortgage market losses on the firm's otherwise strong operational figures.

Sales, profits & dividends, Company sales and earnings, Company earnings/profit, Swiss Reinsurance Co.

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