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New York Life Insurance

ACE First-Quarter Profit Down 2.1% on Lower Realized Gains

ACE Ltd.'s (ACE) first-quarter earnings fell 2.1% as the global insurer posted weaker realized gains.However, per-share earnings significantly topped analysts' expectations.The Swiss company raised its full-year outlook, now expecting operating income of $7.10 to $7.50 a share, from its downbeat January prediction of $6.60 to $7 a share.ACE was acquisitive last year, buying Ally Financial Inc.'s Mexican insurance arm ABA Seguros and New York Life Insurance Co.'s surety writer Fianzas Monterrey, also in Mexico. It also purchased Jakarta-based general insurer PT Asuransi Jaya Proteksi.Two weeks ago, the company said it formed an agriculture property and casualty insurance business, ACE Agribusiness, which is comprised of two previously acquired businesses.ACE reported a profit of $953 million, or $2.77 share, down from $973 million, or $2.84 a share, a year earlier. Operating income, which strips out investment gains and losses, climbed to $2.17 a share from $2.05 a share in the year-ear...

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  1. Taishin CFO: To Offer NT$100 Million for New York Life's Entire Taiwan Operation

    Taishin Financial Holding Co. (2887.TW) Chief Financial Officer Welch Lin said Thursday the lender will offer $100 million New Taiwan dollars (US$3.34 million) for t...

  2. Taishin Board OKs Plan to Buy New York Life's Taiwan Operation - Source

    Taishin Financial Holding Co.'s (2887.TW) board of directors approved a plan to acquire New York Life Insurance Co.'s operation in Taiwan, a person familair with the...

  3. Taishin Financial to Buy New York Life Taiwan Unit -Report

    Taishin Financial Holding Co. (2887.TW) is set to acquire New York Life Insurance Co.'s Taiwan unit for around 100 million New Taiwan dollars (US$3.34 million) and t...

  4. Taishin Financial In Talks To Buy New York Life's Taiwan Unit- Report

    Taishin Financial Holding Co. (2887.TW) is in exclusive talks to buy New York Life Insurance Co.'s Taiwan unit, the Economic Daily News reported, Monday citing an un...

  5. Schroders Buys 25% Stake In Axis Bank's Mutual Fund Arm

    International asset management and private banking group Schroders PLC (SDR.LN) said Friday it had reached a deal to buy a 25% stake in the asset management arm of I...

  6. Corporate Bonds Approach Record-Low Yields, $2.8 Billion Prices

    High-grade corporate bond issuance was a little subdued Tuesday as just three sizeable issuers took advantage of cheap financing in the U.S. credit markets, while in...

  7. Oral Swab Testing Tells Life Insurance Companies How Healthy You Are

    To find out if you're as healthy as you say you are on your life insurance application, don't be surprised if underwriters go straight to the source: your mouth.Inst...

  8. Small Violations With a Big Impact on Car Insurance Costs

    Car insurance rates can be a mysterious thing. Each insurance company uses its own formula to decide how much to charge you for coverage.But one fact is almost unive...

  9. New York Life Insurance Companies Directed to Find and Pay Beneficiaries

    New York is cracking down on life insurance companies , requiring that they try harder to find and pay beneficiaries when policyholders die.When someone dies after t...

  10. Hiring Vets a 'Win-Win'

    Michael Baldi, a 22-year-old Marine veteran, perused the tables of big financial firms like Goldman Sachs (NYSE:GS) and Credit Suisse (NYSE:CS) at the "Hiring Our He...

  11. Is Longevity Insurance Right for You?

    You've created a rock solid retirement plan, calculating future expenses, the effects of inflation and market volatility on your nest egg, and a reasonable withdrawa...

  12. California Investigates 10 Life Insurance Companies Over Lack of Payments to Beneficiaries

    California subpoenaed MetLife , the largest U.S. life insurance company, to testify at a public hearing on May 23 about how it handles unclaimed assets that belong t...

  1. Taiwan Regulator Rejects Taishin's Acquisition of New York Life Unit

    Taishin Financial Holding Co. (2887.TW) will continue talking with Taiwan's financial regulator after it rejected the company's bid to buy New York Life Insurance Co...

  2. Peebles Corp. Paying $160M for 346 Broadway in NYC

    Peebles Corp. CEO Don Peebles on his purchase of the historic building.

  3. Life Insurance From Marriage Into Midlife

    Sliding out of your 20s and into your 30s means you're probably about to face some serious life changes. For many people, the next couple of decades are a time to fo...

  4. Ace Swings to Third-Quarter Profit on Growth in Premiums Written, Lower Losses

    Ace Ltd. (ACE) swung to a third-quarter profit as the insurer booked lower realized losses and benefited from growth in premiums written.The company raised its full-...

  5. Ally Sells Mexican Insurance Unit to Ace for $865 Million

    Ally Financial Inc. (GMA.XX) is selling its Mexican insurance business to Swiss insurer Ace Ltd. (ACE) for $865 million as the former General Motors Co. (GM) financi...

  6. Ace to Buy Mexican Insurer ABA Seguros for $865 Million

    Ace Ltd. (ACE) has agreed to buy insurer ABA Seguros in Mexico from Ally Financial Inc. for about $865 million in cash as the global insurer continues its push to ex...

  7. Taishin Offers US$3.34 Million for New York Life's Taiwan Operation

    Taishin Financial Holding Co. (2887.TW), a mid-sized financial conglomerate, is offering $100 million New Taiwan dollars (US$3.34 million) for the entire Taiwan oper...

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