10/28 Yahoo! Finance: Property & Casualty Insurance Industry News

Yahoo! Finance: Property & Casualty Insurance Industry News         Buffett's Successor Should Be Good for Berkshire Hathaway October 28, 2010 at 11:30 AM         Why Is Todd Combs Bullish on Western Union? October 28, 2010 at 11:02 AM         [$$] AIG Succession Plan Taps Chairman Miller October 28, 2010 at 3:10 AM         AIG unveils succession plan after Benmosche blow October 28, 2010 at 1:20 AM   [at Financial Times] - American International Group AIG, blindsided this week by news that its chief executive, Robert Benmosche, has cancer, said chairman Steve Miller would step in as the insurer's interim chief if needed.         [video] Is AIA Worth the Price? October 28, 2010 at 1:20 AM         Allstate's profit surges as investments improve October 28, 2010 at 1:00 AM   [AP] - Auto and home insurer Allstate Corp. said Wednesday that its net income surged 66 percent in the third quarter as investment losses eased.         AIG: Steve Miller will succeed Benmosche if necessary October 28, 2010 at 1:00 AM   [at CNNMoney.com] - AIG chairman Steve Miller will take over the company if chief executive Bob Benmosche's cancer leaves him unable to lead.         [$$] AIG Board Outlines Interim Succession Plan October 28, 2010 at 12:40 AM         [audio] After the Bell from MarketWatch Radio Network [1.0 min] October 28, 2010 at 12:26 AM   [at MarketWatch] - The latest news from Steve Orr.         Insurer ACE posts jump in 3Q profit October 28, 2010 at 12:20 AM   [AP] - Swiss insurer ACE Ltd. posted a 37 percent jump in third-quarter earnings Wednesday, reflecting a sharp drop in net losses on investments as well as an increase in net premiums written and earned.         AIG board reviews CEO succession plans October 28, 2010 at 12:10 AM   [at MarketWatch] - Directors say Chairman Steve Miller is ready to take on interim CEO role if needed.         Summary Box: Allstate profit surges in 3Q October 28, 2010 at 12:07 AM   [AP] - THE BOTTOM LINE: Home and auto insurer Allstate Corp. said Wednesday that its profit surged 66 percent in the third quarter.         Berkshire Buys Horizon Wine to Expand Alcohol Unit to Tennessee October 27, 2010 at 11:58 PM         Photo of Berkshire's 'mysterious man' elusive October 27, 2010 at 11:55 PM   [at MarketWatch] - Todd Combs is set to oversee part of the massive portfolio Warren Buffett runs. But Berkshire doesn't have a photo, or won't release one. Former employers of the hedge-fund manager don't have pictures to share either.         AIG board: Chairman ready to be CEO if needed October 27, 2010 at 11:39 PM         AIG Chairman to Step In as Interim CEO If Needed October 27, 2010 at 11:38 PM         [video] Who Is Todd Combs? Berkshire's Heir Apparent [3.4 min] October 27, 2010 at 11:29 PM   [at MarketWatch] - Todd Combs, a little-known 39-year-old fund manager, is the leading contender to take over Warren Buffett's portfolio when he dies or retires. WSJ's Dennis Berman and Greg Zuckerman discuss what he brings to the table.         AIG Designates Miller to Serve as Interim CEO If Benmosche Needs to Leave October 27, 2010 at 11:27 PM         AIG Names Miller to Serve as Interim CEO If Needed October 27, 2010 at 11:27 PM         AIG Designates Miller to Serve as Interim CEO If Benmosche Needs to Leave October 27, 2010 at 11:27 PM         A.I.G. Sets Possible C.E.O. Backup Plan October 27, 2010 at 11:26 PM         Read AIG's CEO Succession Plan October 27, 2010 at 11:26 PM         Berkshire's McLane, Empire Distributors to Buy Horizon Wine October 27, 2010 at 11:21 PM         Empire Distributors and McLane Enter Agreement to Acquire Horizon Wine and Sprits October 27, 2010 at 11:18 PM   [Business Wire] - Empire Distributors, Inc. and McLane Company, Inc. have entered into an agreement to acquire Horizon Wine and Spirits, Inc., a beverage distributor based in Nashville and Chattanooga, Tennessee.         AIG Board of Directors Issues Statement on Succession Planning October 27, 2010 at 11:14 PM   [Business Wire] - Today, upon unanimous vote, the Board of Directors of American International Group, Inc. agreed to issue the following statement:         Platinum Underwriters Holdings, Ltd. Announces an Increase in its Share Repurchase Program and Declares a Quarterly Dividend on its Common Shares October 27, 2010 at 11:07 PM   [PR Newswire] - Platinum Underwriters Holdings, Ltd. announced today that it has increased the authorized amount under its existing share repurchase program to a total of up to $250.0 million of its common shares.  This represents an increase of approximately $194.6 million from the approximately $55.4 million remaining in the program.  Repurchases under the program may be made in open market or privately negotiated transactions or otherwise, from time to time, depending on market conditions.         Allstate's profit surges as investments improve October 27, 2010 at 10:48 PM   [AP] - Property and casualty insurer Allstate Corp. said Wednesday that its net income surged 66 percent in the third quarter as investment losses eased.         Denise Granlun Appointed CNA Business Development Leader October 27, 2010 at 10:47 PM   [Business Wire] - Denise Granlun has been appointed Business Development Leader for CNA's Philadelphia territory, effective November 8, 2010. In this role, Granlun will help support CNA's goals to build a more effective organizational sales discipline and competency, and stronger engagement with its producers.         RenaissanceRe Reports Net Income Available to RenaissanceRe Common Shareholders of $204.8 Million for the Third Quarter of 2010 or $3.70 Per Diluted Common Share October 27, 2010 at 10:44 PM   [Business Wire] - RenaissanceRe Holdings Ltd. today reported net income available to common shareholders of $204.8 million or $3.70 per diluted common share in the third quarter of 2010, compared to net income available to common shareholders of $258.6 million or $4.12 per diluted common share for the third quarter of 2009.         Cincinnati Financial quarterly profit falls October 27, 2010 at 10:39 PM         Ace quarterly net income rises 37% October 27, 2010 at 10:34 PM         Aspen Insurance Holdings Reports Results for Third Quarter and Nine Months of 2010 October 27, 2010 at 10:32 PM   [Business Wire] - Aspen Insurance Holdings Limited today reported net income after tax for the third quarter of 2010 of $92.8 million and operating earnings of $0.79 per diluted ordinary share. This compares to a net income after tax of $145.8 million, and operating earnings of $1.40 per diluted share for the third quarter last year.         Allstate Profit Advances 66% to $367 Million on Investments October 27, 2010 at 10:31 PM         Cincinnati Financial Reports Third-Quarter 2010 Results October 27, 2010 at 10:30 PM   [PR Newswire] - Cincinnati Financial Corporation today reported:         American Safety Insurance Holdings, Ltd. Reports Net Earnings of $7.2 Million October 27, 2010 at 10:30 PM   [Business Wire] - American Safety Insurance Holdings, Ltd. today reported net earnings of $7.2 million for the three months ended September 30, 2010, or $0.68 per diluted share, as compared to $5.0 million, or $0.47 per diluted share for the same period of 2009.         Transatlantic Holdings, Inc. Reports Strong Third Quarter 2010 Results October 27, 2010 at 10:22 PM   [Business Wire] - Transatlantic Holdings, Inc. today reported net income of $134 million, or $2.08 per common share , for the third quarter of 2010 compared to $153 million, or $2.28 per common share , for the third quarter of 2009.         Travelers Sells Bonds for Tender as Debt Cost Falls October 27, 2010 at 10:20 PM         ACE Expands in Asia October 27, 2010 at 10:20 PM         Allstate quarterly results miss analyst estimates October 27, 2010 at 10:17 PM         Buffett Disciples' Two Value-Stock Picks October 27, 2010 at 8:30 PM         Berkshire Buys Life Reinsurance Unit From Sun Life October 27, 2010 at 8:12 PM         Does Berkshire Really Need Another Buffett? October 27, 2010 at 8:00 PM         Travelers Plans Bonds for Tender as Debt Cost Falls October 27, 2010 at 7:15 PM         Aspen Declares Dividends on Ordinary Shares, Perpetual PIERS and Perpetual Preference Shares October 27, 2010 at 6:59 PM   [Business Wire] - Aspen Insurance Holdings Limited today announced that its Board of Directors declared a quarterly cash dividend on its ordinary shares of US$0.15 per ordinary share. The dividend is payable on November 26, 2010 to the holders of record as of the close of trading on November 12, 2010.         Tornados Hit; Insurers Brace for Losses October 27, 2010 at 6:56 PM         Berkshire Hathaway Succession Is Still Up in the Air October 27, 2010 at 6:43 PM         Sun Life Sells Reinsurance Business to Berkshire Hathaway October 27, 2010 at 6:33 PM         ACE Likely to Make More Acquisitions October 27, 2010 at 5:51 PM         ACE Ltd to buy New York Life's Asian biz for $425M October 27, 2010 at 5:25 PM   [AP] - Global insurer ACE Ltd. has agreed to buy New York Life's Hong Kong- and Korea-based life insurance subsidiaries for $425 million in cash, the companies said Wednesday.         [$$] Nibbling at the Buffett October 27, 2010 at 4:45 PM         Getting A Job After Leaving the Workforce October 27, 2010 at 4:33 PM         Travelers Announces Tender Offer for its 6.25% Fixed-to-Floating Rate Junior Subordinated Debentures due 2067 and Consent Solicitation Relating to its 6.75% Senior Notes due 2036 October 27, 2010 at 3:05 PM   [Business Wire] - The Travelers Companies, Inc. announced today that it has commenced an offer to purchase for cash any and all of its $1.0 billion in outstanding 6.25% Fixed-to-Floating Rate Junior Subordinated Debentures due 2067 at a purchase price of $1,050 per $1,000 principal amount, plus accrued and unpaid interest.         Did Einhorn Rebuff Buffett? October 27, 2010 at 1:48 PM         Wormsley Testifies on Terra Firma; Ackman Exits StuyTown: Video October 27, 2010 at 1:30 PM         Was Einhorn Too Expensive for Buffett? October 27, 2010 at 1:00 PM             This email was sent to bruno.jovanov.insurance@blogger.com. Delivered by Feed My Inbox 230 Franklin Road Suite 814 Franklin, TN 37064 Create Account Unsubscribe Here