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Reuters - 4 hours ago

EU agency says cleaning process may be linked to Cathay Pacific A350 engine fire

UPDATE 1-EU agency says cleaning process may be linked to Cathay Pacific A350 engine fire Adds details PARIS, Sept 19 (Reuters) - Europe's aviation regulator on Thursday linked a recent engine fire on a Cathay Pacific 0293.HK Airbus A350 to a possible problem with the maintenance of its Rolls-Royce RR.L engines. The European Union Aviation Safety Agency (EASA) earlier this month ordered airlines to carry out visual inspection s on Rolls-Royce XWB-97 engines after the incident involving a Zurich-
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Reuters - 13 hours ago

Hong Kong probe finds Cathay engine failure due to ruptured fuel hose

UPDATE 3-Hong Kong probe finds Cathay engine failure due to ruptured fuel hose Aviation authority found ruptured fuel hose in A350 jet Incident illustrates potential for fuel leaks -report AAIA urges Rolls-Royce to impose inspection requirements Recasts, adds Cathay response in paragraphs 9-10 Sept 19 (Reuters) - A probe by Hong Kong's aviation authority found a ruptured fuel hose caused a mid-flight fire on a Cathay Pacific 0293.HK operated Airbus AIR.PA A350 plane this month.
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Reuters - 1 day ago

GS initiates European insurers on policy rate easing, retail P&C, mix improvement

BUZZ-GS initiates European insurers on policy rate easing, retail P&C, mix improvement ** Goldman Sachs initiates coverage of European multi-line insurers, as it sees positive trend of diversification and downside protection multi-lines can provide ** Says key sub-sector themes are an impact of central bank policy easing, earnings volatility and re
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Reuters - 1 day ago

Vontobel assesses obesity drugs impact for Swiss insurers, med-tech companies

BUZZ-Vontobel assesses obesity drugs impact for Swiss insurers, med-tech companies ** Vontobel estimates the market potential for obesity drugs in the U.S. to reach a three-digit billion U.S. dollar amount and picks Swiss Re SRENH.S and Ypsomed YPSN.S as the most likely to profit from it ** Among Swiss life insurers, Swiss Re could benefit the most from a rising demand in life and health reinsurance, with a market share of about 15%, as obesity drugs improve life expectancy, it says ** Its posit
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Reuters - 1 week ago

Investors press Baloise to shake up business after Cevian swoop

Investors press Baloise to shake up business after Cevian swoop By Oliver Hirt and Paul Arnold ZURICH, Sept 10 (Reuters) - Swiss insurer Baloise BALN.S is under pressure to heed shareholder demands to shake up its portfolio and boost returns since activist investor Cevian Capital said it held over 9% of the company's stock, becoming its biggest stakeholder.
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Reuters - 2 weeks ago

Japan Airlines expects no flight cancellations from A350 inspections

UPDATE 3-Japan Airlines expects no flight cancellations from A350 inspections Updates with additional Rolls-Royce comment in paragraph 3, details on engine fuel nozzle supplier in paragraphs 13-16 By Lisa Barrington and Tim Hepher SEOUL, Sept 6 (Reuters) - Japan Airlines 9201.T does not expect flight cancellations or delays as a result of inspections ordered by Europe's air safety regulator on engines of Airbus AIR.PA A350-1000 jets, it said on Friday.
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Reuters - 2 weeks ago

Europe regulator orders checks on Airbus A350-1000 engines

UPDATE 4-Europe regulator orders checks on Airbus A350-1000 engines EASA regulator orders checks on some A350 jets Measure involves visual checks of A350-1000 engines Comes after engine part failed on Cathay Pacific jet Recasts after regulator issues safety bulletin By Joanna Plucinska and Tim Hepher LONDON/PARIS, Sept 5 (Reuters) - Europe's air safety regulator on Thursday ordered inspections on engines of Airbus AIR.PA A350-1000 jets after an engine fire during the flight of a Cathay Pacific 0
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Reuters - 2 weeks ago

Falling rates offer scant shelter from property storm

REFILE-ANALYSIS-Falling rates offer scant shelter from property storm Corrects typo in "offer" in headline Property boomed during decade of rock bottom rates Prices unravel after recent hikes Crisis claims victims from U.S. to Germany Small U.S. banks at risk due to outsized property loans By Tom Sims, Matt Tracy, John O'Donnell and Iain Withers NEW YORK/LONDON, Sept 5 (Reuters) - Global property markets, rattled by the steepest rise in interest rates in a generation, will get little relief from
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Reuters - 2 weeks ago

Airbus, Rolls to break silence to airlines on Cathay Pacific A350 engine incident, sources say

UPDATE 2-Airbus, Rolls to break silence to airlines on Cathay Pacific A350 engine incident, sources say Airbus, Rolls prepare to brief airlines on Cathay A350 incident Cathay Pacific found 15 of its 48 A350s had damaged fuel lines Some other carriers have made precautionary checks Initial investigation highlights pierced pipe, cause unclear-sources Too early to rule out findings requiring further action-sources Recasts updating paragraphs 1-3, adds Rolls-Royce shares in paragraph 16 By Tim Hephe
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Reuters - 2 weeks ago

Cathay Pacific A350 fleet to resume full service by Saturday after repairs

UPDATE 3-Cathay Pacific A350 fleet to resume full service by Saturday after repairs All Cathay's A350s expected to resume service by Saturday Source says leaking fuel system may have caused engine fire Engine maker Rolls-Royce has not ordered fleet-wide inspection Some Asian A350 operators inspecting engines, carriers say 15 A350s need fuel line repairs, Cathay says Updates with comments from airlines paragraphs 15,19 By Lisa Barrington and Joanna Plucinska Sept 4 (Reuters) - Cathay Pacific Airw
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Reuters - 2 weeks ago

Japan's JAL inspecting Rolls-Royce engines on its A350-1000 planes

Japan's JAL inspecting Rolls-Royce engines on its A350-1000 planes TOKYO, Sept 4 (Reuters) - Japan Airlines (JAL) 9210.T said on Wednesday it was conducting its own inspections of engines on its Airbus AIR.PA A350-1000 planes, after Hong Kong's Cathay Pacific Airways identified an engine part failure on one of its flights. By Tuesday, JAL had conducted in-house special inspections of three of the engines made by Rolls-Royce RR.L and they were found to be safe, a spokesperson for the Japanese air
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Reuters - 3 weeks ago

Malaysia's 1MDB says bid to strike out its $394 million claim against BSI Bank dismissed in Singapore

UPDATE 1-Malaysia's 1MDB says bid to strike out its $394 million claim against BSI Bank dismissed in Singapore Adds details, background from paragraph 2 KUALA LUMPUR, Aug 29 (Reuters) - A bid by now defunct BSI Bank Limited to strike out a $394 million claim against it by scandal-hit Malaysian state fund 1Malaysia Development Berhad (1MDB) and its unit, Brazen Sky Limited, has been dismissed by Singapore's High Court, 1MDB said on Thursday.
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Reuters - 3 weeks ago

European venture capital firm Redalpine raises $200 mln in largest fund

European venture capital firm Redalpine raises $200 mln in largest fund Aug 27 (Reuters) - Zurich-based venture capital firm Redalpine said on Tuesday it has raised $200 million in its largest-ever fund, which would back 15-20 early-stage companies across Europe. Called Redalpine Capital VII or RAC VII, the fund saw commitments from several existing investors, with limited partners including institutional investors such as public pension funds and national banks.
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Reuters - 4 weeks ago

Admiral, Capgemini, Zurich Insurance Group

EUROPE RESEARCH ROUNDUP- Admiral, Capgemini, Zurich Insurance Group Aug 22 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Admiral, Capgemini and Zurich Insurance Group, on Thursday. HIGHLIGHTS * Admiral ADML.L : Jefferies raises to hold from underperform * Capgemini CAPP.PA : Jefferies cuts target price to EUR 185 from EUR 195 * Glenveagh Properties Plc GLV.I : Jefferies raises to buy from hold * Orsted ORSTED.CO : Deutsche Bank c
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Reuters - 1 month ago

Harvard's suit against insurance broker over affirmative action case coverage narrowed

Harvard's suit against insurance broker over affirmative action case coverage narrowed By Nate Raymond Aug 15 (Reuters) - A federal judge on Thursday dismissed part of a lawsuit by Harvard University accusing a broker of botching the school's claim for up to $15 million in insurance coverage to help pay its legal bills in the case that led the U.S.
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Reuters - 1 month ago

Aviva tops earning forecasts on home, motor insurance price rises

UPDATE 2-Aviva tops earning forecasts on home, motor insurance price rises H1 operating profit 875 mln stg vs forecast 830 mln General insurance premiums up 15% To launch long-term fund for unlisted equity in H2 Adds background paragraph 4, CEO comment 6-7, detail 9-12 By Carolyn Cohn LONDON, Aug 14 (Reuters) - British insurer Aviva AV.L beat first-half profit expectations following a rise in general insurance premiums in Britain and Ireland, and said on Wednesday it remained confident of meetin
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Reuters - 1 month ago

Swiss stocks - Factors to watch on August 9

Swiss stocks - Factors to watch on August 9 Aug 9 - Here are some of the main factors that may affect Swiss stocks on Friday: ANALYSTS' VIEWS ZURICH INSURANCE GROUP ZURN.S : HSBC CUTS TARGET PRICE TO CHF 515 FROM CHF 525 GALDERMA GROUP AG GALD.S : JP MORGAN INITIATES COVERAGE WITH OVERWEIGHT RATING; PRICE TARGET CHF 90 ANNUAL GENERAL MEETINGS EMS CHEMIE HOLDING AG EMSN.S - 16 CHF/shr dividend proposed ECONOMY Swiss Q3 Consumer Confidence due at 0700 GMT.
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Reuters - 1 month ago

European insurers enjoy big profits after premium hikes

WRAPUP 1-European insurers enjoy big profits after premium hikes By Carolyn Cohn, Tom Sims and Yadarisa Shabong LONDON, Aug 8 (Reuters) - Several European insurers recorded bumper first-half profits on Thursday, as customers burnt by a pandemic, war and a pick-up in natural catastrophes in recent years continue to face higher premiums on policies.
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Reuters - 1 month ago

STOXX 600 recovers early losses on US jobs data relief

UPDATE 2-STOXX 600 recovers early losses on US jobs data relief For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Novo rebounds on positive read-across from Lilly Siemens jumps after profit beat Allianz rises on Q2 beat Deutsche Telekom up after increase in Q2 core earnings STOXX 600 up 0.1% Updates at 1600 GMT By Ankika Biswas and Pranav Kashyap Aug 8 (Reuters) - Europe's benchmark stock index recouped early losses to close slightly highe
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Reuters - 1 month ago

Zurich Insurance continue to look at market for acquisitions

BRIEF-Zurich Insurance CFO -continue to look at market for acquisitions Aug 8 (Reuters) - Zurich Insurance Group AG ZURN.S : ZURICH INSURANCE CFO -- PRIORITY IS ORGANIC GROWTH, CONTINUE TO LOOK AT MARKET FOR ACQUISITIONS Further company coverage: ZURN.S (Reporting By Carolyn Cohn)
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