The U.S. Supreme Court has denied Starr International Co. Inc.'s request for a review of the appeals court ruling
Property Claim Services' initial loss estimate
United Insurance Holdings Corp. launched a $100 million catastrophe bond
A group of public North American property and casualty
XL Group Ltd was one of half a dozen potential acquisition targets that Axa was weighing, and was relatively cheaper compared to other rival companies that had more expensive valuations, Axa CEO Thomas Buberl said in an interview with the Financial Times. France-based Axa has agreed to acquire XL Group for a total cash consideration of $15.3 billion.
1347 Property Insurance Holdings Inc. reported fourth-quarter 2017 net income
AIG closed its sale of approximately $2.5 billion in notes and debentures.
The life and health industries want to speed up the process of setting long-term care
Novartis sells consumer stake to GSK for $13B; WHO faces challenge on hepatitis: GlaxoSmithKline agreed to buy Novartis' stake in their consumer health joint venture; World Health Organization's targets for extinguishing hepatitis B virus are unlikely to be achieved unless screening become more accessible, according to a report.
Financial news in other parts of the world
Asia-Pacific: Goldman Sachs in Indian M&A talks; Australian wealth manager files for IPO
Europe: Commerzbank predicts fall in revenue; Deutsche Bank looks to replace CEO
Middle East & Africa: Abraaj mulls unit stake sale; Hapoalim Q4'17 profit up; Bank of Ghana cuts rate
The day ahead
Early morning futures indicators pointed to a higher opening for the U.S. market.
In Asia, the Hang Seng rose 0.79% to 30,790.83, while the Nikkei 225 climbed 2.65% to 21,317.32.
In Europe, around midday, the FTSE 100 gained 1.93% to 7,021.46 and the Euronext 100 rose 1.33% to 1,004.44.
On the macro front
The Redbook, the S&P Corelogic Case-Shiller HPI, the consumer confidence report, the Richmond Fed Manufacturing Index and the State Street Investor Confidence Index are due out today.
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