Bloomberg - Apr 17, 2009British American Tobacco plc (BATS)
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Marc Effgen
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HelveaIn February, the insurer reported an 87 percent drop in fourth quarter profit to $205 million following writedowns and losses on investments.
The acquisition "is clearly in line with the company's target to expand the reach" of its Farmers unit in the U.S and "necessary in order to achieve its premium target," wrote Helvea analyst Marc Effgen in a note to investors. "The price seems attractive." . The purchase of AIG's auto business will allow Zurich and its U.S home and auto insurer,
Farmers Group Inc., to reach consumers who are buying coverage from so called direct channels, including the Internet, instead of buying from agents.
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In February, the insurer reported an 87 percent drop in fourth quarter profit to $205 million following writedowns and losses on investments. <span class="sent"> The acquisition "is clearly in line with the company's target to expand the reach" of its <span class="company">Farmers</span> unit in the U.S and "necessary in order to achieve its premium target," wrote Helvea analyst <span class="analyst">Marc Effgen</span> in a note to investors. </span> "The price seems attractive." . The purchase of AIG's auto business will allow Zurich and its U.S home and auto insurer, <span class="company">Farmers</span> Group Inc., to reach consumers who are buying coverage from so called direct channels, including the Internet, instead of buying from agents.
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