Zurich Financial still plans IPO of unit

Article Abstract:

Zurich Financial Services is planning to go ahead with the planned initial public offering (IPO) of Zurich Re, its reinsurance unit. Zurich Financial hopes to launch the IPO by the 2001 fourth-quarter.

Organizational history, Reinsurance, Reinsurance Carriers, Planning, Financial services industry, Financial services, Going public (Securities), Initial public offerings, Zurich Re

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ING, Zurich Financial Profits Jump

Article Abstract:

Insurance giants, ING Groep N.V.'s 2004 group net profit rose 48 percent while Zurich Financial Services AG 2004 net profit rose 29 percent to $2.59 billion. However Converium AG received heavy losses reported its business would shrink by approximately half this year.

Netherlands, Sales, profits & dividends, Commodity & service prices, Industry Overview, Prices and rates, Company sales and earnings, Company earnings/profit, ING Groep N.V., Company pricing policy

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Katrina claims could leave holders of a 'Cat Bond' with major losses

Article Abstract:

Zurich Financial Services of Switzerland has issued "catastrophe bonds" that aid in paying insurance claims from natural disasters. Kamp Re investors are out of pocket $200 million as the payout for the insurance claims from Hurricane Katrina are approximately $2 billion.

Financial management, Economic aspects, Finance, Company Profile, Company financing, Hurricane Katrina, 2005

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