Reuters Global Investor: Insurer Lancashire's written premiums surge as rates improve

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Global Investor   Tweet       Share Insurer Lancashire's written premiums surge as rates improve Lancashire posted on Thursday a 47% surge in gross written premiums for the nine months ended September as the insurer took advantage of improving rates, while its property and casualty reinsurance business saw strong growth. Credit Suisse reins in bankers after torrid year Credit Suisse will rein in its investment bankers and plough money into looking after the fortunes of the world's rich as it tries to curb a freewheeling culture that has cost it billions in a string of scandals. France's SocGen beats Q3 estimates, names new CFO French bank Societe Generale posted on Thursday higher third-quarter earnings, beating estimates, supported by strong revenue from corporate and investment banking and lower bad loans and also appointed a new financial chief. Cathie Wood scoops up Zillow as shares plunge on exiting home-flipping business Cathie Wood's Ark Invest on Wednesday capitalized on a sharp drop in Zillow Group Inc's stock price to scoop up shares of the online real-estate firm, as analysts expressed shock over its move to exit the business of buying and selling homes due to unpredictable prices. Profit jumps at Finland's Sampo, Nordea exit looms Finnish insurer Sampo on Wednesday beat expectations with a 30% jump in quarterly core earnings, aided by a strong performance from its main subsidiary If and gains from selling a stake in Finnish Nordea bank . Czech investment group PPF makes H1 profit after loss year ago Czech investment group PPF, the owner of international consumer lender Home Credit and other assets, reported a net profit of 208 million euros ($240.80 million) in the first half of 2021 after a 384 million euro loss in the same period a year ago, it said on Wednesday. Unicaja's Q3 net profit jumps as books Liberbank buy Spain's Unicaja on Wednesday said its recurrent net profit rose 53% year-on-year in the third quarter due to lower provisions and a boost from fees as it integrates Liberbank. Quilter targets doubling in profit by 2025, $500 mln return to shareholders Fund manager Quilter set out targets on Wednesday of more than doubling operating profit by 2025 and returning around 350 million pounds ($477.02 million) from the sale of Quilter International to shareholders alongside 2021 results. Credit Suisse to tighten the reins after string of scandals Credit Suisse will unveil a new centralised structure on Thursday in an attempt to bring its far-flung divisions to heel and draw a line under a string of scandals that have cost the Swiss bank billions of dollars, two sources said. Singapore banks OCBC, UOB post profit jump on lower credit charges Singapore's second- and third-largest lenders reported better-than-expected quarterly profit increases, building on a recovery from pandemic-hit markets and supported by lower provisions for credit losses. Related Videos Stocks hit records as Fed trims bond-buying No real surprises from Fed -economist Fed won't hike rates until 2023 -economist Your world. Your news. More Newsletters Get Reuters News App               © 2021 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036 Email Preferences    |   Privacy Policy    |   Terms and Conditions