Ace Limited (NYSE:ACE): The insurance industry regulator, International Association of Insurance Supervisors, suggests that insurers thought of as too big to fail should reduce their systemic risks, improve their liquidity planning and boost their capital buffers to minimize the impact on the economy if they should collapse, according to Bloomberg. In April, the group will release a list of the too-big-to-fail insurers and also plans to implement stricter supervision “immediately afterwards”. Shares closed up 0.75 percent on the day at $79.29, having been traded in a 52-week range of $64.03 to $78.93.
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A.O. Smith Corp. (NYSE:AOS) Chief Executive Paul W. Jones stated that , “Our businesses continue to perform well in a challenging global economy. Our focus on customers, combined with disciplined cost management, is paying off throughout the organization. We expect this strong performance to carry through to the end of the year. Consequently, we are raising our earnings guidance for the full year to between $2.85 and $2.95 per share. This does not include the potential impact from any future acquisitions, the first quarter gain from the sale of the RBC shares, or adjustments to the estimate of the calculation of the Lochinvar earn-out.” Shares closed up 3.13 percent on the day at $57.75, and have traded in a 52-week range of $32.26 to $58.93.
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