In its annual survey, a life insurance nonprofit association examined ways Americans address financial stress.
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CINCINNATI FINANCIAL CORP: Cincinnati Financial Corporation Announces Preliminary Estimate for Recent Storm Losses
Cincinnati Financial Corporation (Nasdaq: CINF) today announced that The Cincinnati Insurance Companies' property casualty group expects its third-quarter results to include pretax catastrophe losses of approximately $120 million, representing an impact on the third-quarter 2018 combined ratio of approximately 9.5 to 10.0 percentage points, based on estimated property casualty earned premiums.
CINCINNATI FINANCIAL CORP: Cincinnati Financial Signs Agreement to Acquire MSP Underwriting Limited From Munich Re
Cincinnati Financial Corporation (Nasdaq: CINF) announced that it has signed a definitive agreement to acquire MSP Underwriting Limited, a global specialty underwriter and Munich Re subsidiary, in an all-cash transaction for £102 million, based on MSP Underwriting's projected net asset value at closing.