News Breaks |
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| January 24, 2013 |
| 08:19 EDT |  | AFSI, TRV, RLI, NATL, MKL, HCC, CB, AIG, AGII, TWGP | William Blair says good time to buy commercial insurers
William Blair believes now is a good time to buy commercial insurance stocks with the sector coming out of a cyclical trough. The firm expects earnings to rebound quicker than usual and highlights AmTrust Financial (AFSI), Argo Group (AGII), and AIG (AIG) as its top picks in the sector. |
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News For AFSI;AGII;AIG;CB;HCC;MKL;NATL;RLI;TRV;TWGP From The Last 14 Days Check below for free stories on AFSI;AGII;AIG;CB;HCC;MKL;NATL;RLI;TRV;TWGP the last two weeks. |
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| June 19, 2013 |
| 10:18 EDT |  | AFSI | AmTrust Financial management to meet with JMP Securities
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| 10:09 EDT |  | TRV | Travelers files automatic mixed securities shelf
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| 06:15 EDT | | AIG | AIG price target raised to $56 from $52 at Deutsche Bank
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| 05:58 EDT |  | AIG | ILFC selects Pratt & Whitney PurePower engines for additional 30 A320neo aircraft
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| 05:56 EDT | | AIG | Pratt & Whitney to provide PurePower engines on ILFC order
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| 05:53 EDT | | AIG | Aerolíneas Argentinas to lease four A330-200s from ILFC
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| June 18, 2013 |
| 10:48 EDT | | AIG | AIG subsidiary expands order for LEAP-1A engines
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| 07:21 EDT | | AIG | AIG ILFC sale could be terminated, says Bernstein
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| June 17, 2013 |
| 08:02 EDT | | AIG | AIG extends deadline for ILFC sale deal, can solicit other offers
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| 07:15 EDT | | AIG | ILFC signs LOI to purchase 50 Embraer E-Jets E2 aircraft
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| 06:24 EDT | | AIG | AIG subsidiary ILFC to purchase 50 incremental A320neo aircraft from Airbus
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| June 16, 2013 |
| 21:30 EDT |  | AIG | ILFC said to be set to order $5B worth of Airbus jets, Reuters reports
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| June 13, 2013 |
| 08:38 EDT | | AIG | AIG management to meet with Deutsche Bank
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| June 12, 2013 |
| 09:17 EDT | | AIG | AIG management to meet with Deutsche Bank
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| June 10, 2013 |
| 09:05 EDT | | TRV | Travelers to acquire Dominion of Canada for $1.1B cash
The Travelers Companies announced that it has agreed to acquire The Dominion of Canada General Insurance Company from E-L Financial Corporation Limited for approximately $1.1B in cash, subject to adjustment. The Dominion and Travelers’ Canadian operations will be integrated and the combined organization will remain headquartered in Toronto. The transaction is expected to close in the fourth quarter of 2013, subject to regulatory approvals and other customary closing conditions. Travelers will fund the transaction, subject to market conditions, through a combination of debt and/or preferred stock financing and internal resources. Based on this financing plan, the company does not believe that the transaction will have a significant impact on anticipated share repurchases for 2013 or 2014. Jay Fishman, Chairman and CEO of Travelers, said, “This transaction is consistent with our strategy to make thoughtful investments in attractive markets outside the United States. The Dominion is a great franchise, and this is a very good opportunity for Travelers to significantly improve its market position and scale in a meaningful market. We expect that the transaction will have no significant impact on 2013 earnings per share and will be slightly accretive to 2014 earnings per share.” |
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| 09:04 EDT | | TRV | E-L financial agrees to sell The Dominion of Canada General to Travelers
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| 09:03 EDT | | TRV | Travelers to acquire The Dominion of Canada for $1.1B cash
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| June 7, 2013 |
| 08:17 EDT | | AIG | PIMCO supports BofA's $8.5B mortgage settledment, Bloomberg reports
Bank of America's (BAC) $8.5B mortgage-bond settlement is “outstanding” for investors, says Kent Smith, an executive VP at Pimco who helped negotiate the agreement, and who testified in a trial over the agreement, reports Bloomberg. The settlement was reached after an investor group that included Pimco and BlackRock (BLK) at first demanded $12B. The accord resolves claims from Countrywide Financial mortgage-bond investors over loans bundled into securities. AIG (AIG) is fighting the settlement, saying Bank of America isn’t paying enough to compensate investors. Reference Link |
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| June 6, 2013 |
| 07:17 EDT | | TWGP | Pershing to host a conference
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| June 5, 2013 |
| 10:07 EDT |  | TRV, AIG | On The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Audience (ADNC) initiated with a Hold at Benchmark Co.... Bank of Ireland (IRE) initiated with an Underweight at HSBC... Ellie Mae (ELLI) initiated with an Outperform at FBR Capital... Haemonetics (HAE) initiated with an Outperform at William Blair... Jive Software (JIVE) initiated with a Buy at Janney Capital... Northern Tier (NTI) initiated with a Buy at Citigroup... Workday (WDAY) initiated with a Market Perform at FBR Capital... Carlyle Group (CG) initiated with a Buy at Sandler O'Neill... XL Group (XL) initiated with a Neutral at Nomura... Travelers (TRV) initiated with a Neutral at Nomura... Marsh & McLennan (MMC) initiated with a Neutral at Nomura... Aon plc (AON) initiated with a Neutral at Nomura... Allstate (ALL) initiated with a Neutral at Nomura... AIG (AIG) initiated with a Neutral at Nomura... ACE Ltd. (ACE) initiated with a Buy at Nomura... Progressive (PGR) initiated with a Reduce at Nomura... First Solar (FSLR) coverage assumed with a Sell at Maxim... Jive Software (JIVE) reinstated with a Neutral at Credit Suisse... Standard Pacific (SPF) initiated with a Buy at BofA/Merrill... Axiall (AXLL) initiated with a Buy at BofA/Merrill. |
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