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Jan 8, 2025 | 
investorshangout.com | Alexander Hübner |Tom Sims
Munich Re Reports Significant Increase in Disaster CostsBy Alexander Hübner and Tom SimsA recent report by Munich Re highlights a staggering rise in the economic toll of natural disasters, with estimated insured losses reaching $140 billion in 2024. This figure marks a notable increase from 2023's total and positions 2024 among the most costly years ever recorded due to natural catastrophes.
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Jan 8, 2025 | 
ca.marketscreener.com | Alexander Hübner |Tom Sims
By Alexander Hübner and Tom Sims MUNICH (Reuters) - Hurricanes, storms, floods and other natural disasters caused an estimated $140 billion in insured losses in 2024, up from 2023 and one of the costliest years on record, Munich Re said on Thursday. The year's tally of losses from natural catastrophes covered by insurance compares with $106 billion recorded in 2023 and is well above long-term averages. It is also higher than a similar forecast by Swiss Re published in December.
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Nov 29, 2024 | 
ca.finance.yahoo.com | Tom Sims |John O'Donnell |Valentina Za
MUNICH/FRANKFURT/MILAN (Reuters) - Just days before UniCredit CEO Andrea Orcel set his sight on a takeover target in Italy, more evidence emerged of fierce resistance to his interest in German flagship lender Commerzbank. A group of customers from Germany's corporate elite pleaded with Commerzbank's CEO to reject a deal, according to people involved in the meeting at the bank's Frankfurt headquarters, underscoring the depth of opposition.
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Nov 6, 2024 | 
msn.com | Tom Sims |Valentina Za
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Nov 6, 2024 | 
swissinfo.ch | Valentina Za |Tom Sims
reuters_tickers This content was published on November 6, 2024 - 14:02 4 minutes By Valentina Za and Tom SimsMILAN/FRANKFURT (Reuters) -Italy’s UniCredit beat third-quarter forecasts on Wednesday and lifted its profit outlook as its CEO talked up his possible deal with Commerzbank, which said its own growth plan meant to fend off a takeover was working.
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Nov 6, 2024 | 
streetinsider.com | Valentina Za |Tom Sims
By Valentina Za and Tom Sims MILAN/FRANKFURT (Reuters) -Italy's UniCredit beat third-quarter forecasts on Wednesday and lifted its profit outlook as its CEO talked up his possible deal with Commerzbank, which said its own growth plan meant to fend off a takeover was working. The banks' financial results are the first since Italy's No. 2 bank disclosed in September it had snapped up a significant stake in Germany's Commerzbank and began pressing for a possible tie-up.
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Sep 26, 2024 | 
msn.com | Tom Sims
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Sep 26, 2024 | 
es-us.finanzas.yahoo.com | Tom Sims
Por Tom SimsFRÁNCFORT, 26 sep (Reuters) - El consejo de supervisión y el directorio de Commerzbank acordaron por unanimidad apoyar la actual estrategia de independencia del banco, dijo el jueves la entidad, mientras que el italiano UniCredit presiona para una posible vinculación. UniCredit reveló a principios de este mes que había comprado una participación del 9% en el banco alemán, planea comprar más acciones y ha presionado para entablar conversaciones con el fin de explorar una fusión.
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Sep 20, 2024 | 
marketscreener.com | Tom Sims |Christian Kraemer
FRANKFURT (Reuters) - Germany will not sell any more shares in Commerzbank for the time being and the bank's strategy is "geared towards independence," the country's Finance Agency said on Friday. The statement comes days after Italian bank UniCredit announced it had bought a 9% stake in Commerzbank - from the German government as well as on the open market - and its chief executive said he wanted to explore a merger.
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Sep 18, 2024 | 
srnnews.com | John O’Donnell |Tom Sims
Exclusive-Commerzbank readies talks with UniCredit, seeking to stay independent By John O’Donnell and Tom SimsFRANKFURT (Reuters) -Commerzbank is poised to put CFO Bettina Orlopp in charge of talks with UniCredit when the German bank’s supervisory board meets next week, two people with knowledge of the matter said, as the Italian rival eyes a takeover. UniCredit recently bought a 9% stake in Commerzbank, expressing interest in a merger of the two.
