German insurer Allianz has expressed an interest in acquiring
Manulife Financial Corp. submitted a bid to acquire a controlling stake in India's IDBI Federal Life Insurance Company Ltd., The Economic Times reported. Manulife is competing with local insurers such as HDFC Standard Life Insurance Co. Ltd. and Aditya Birla Sun Life Insurance Co. Ltd. for the stake and if successful, the deal will mark Manulife's entry into India.
The Financial Stability Oversight Council will re-evaluate Prudential Financial Inc.'s designation as a systemically important financial institution
Property Claim Services increased its projections for losses resulting from Hurricane Irma
The U.S. property and casualty
Barring workers' compensation, nearly all major commercial lines products saw rate hikes in January, according to a report from IVANS, a division of Applied Systems. Workers' comp rates were down 1.01%, compared to a decline of 2.92% in December 2017.
Hannover Re will shift retroceded U.S. life reinsurance
Primerica Inc.'s board approved the repurchase
Navigators Group Inc. expects fourth-quarter 2017 net income to be impacted by a one-time noncash tax charge
Willis Towers Watson Plc and First American Financial Corp. reported quarterly results.
American International Group Inc., Assurant Inc., The Hartford Financial Services Group Inc. and FBL Financial Group Inc. are also expected to report earnings today.
Click here to read a summary of earnings
Featured news
Regeneron, Alexion, Teva results; US budget deal funds CHIP, biomedical research: A bipartisan two-year spending agreement reached by Senate Republican and Democratic leaders would direct billions of dollars in new funds toward addressing the U.S. opioid crisis, advancing biomedical research and ensuring healthcare coverage for poor children.
Financial news in other parts of the world
Asia-Pacific: India, New Zealand maintain policy rates; NAB Q1 profit inches up
Europe: SoftBank in talks for Swiss Re stake; Commerzbank, SocGen report Q4
Middle East & Africa: QNB secures $3.5B syndicated loan; Moody's places Angola on review for downgrade
Latin America: Brazil cuts Selic; Bradesco proposes capital hike
The day ahead
Early morning futures indicators pointed to a lower opening for the U.S. market.
In Asia, the Hang Seng rose 0.42% to 30,451.27, while the Nikkei 225 climbed 1.13% to 21,890.86.
In Europe, around midday, the FTSE 100 fell 0.87% to 7,215.73, and the Euronext 100 was down 1.21% to 1,009.32.
On the macro front
The jobless claims report, the EIA natural gas report, the Fed balance sheet and money supply report are due out today.
