Assurant expects losses from Sandy to be $200M-$220M Assurant Specialty Property announced it expects losses from Superstorm Sandy to be in the range of $200M-$220M on a pre-tax basis and net of reinsurance. Based on this estimate, the company does not expect to exceed the retention limit of its 2012 property catastrophe reinsurance program.
News For AIZ From The Last 14 Days
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Novation Cos. sells StreetLinks to Assurant for $60M Novation Companies (NOVC) subsidiary StreetLinks has been sold to Assurant (AIZ) for $60M in cash, plus a potential earn-out payment of up to $12M post-closing based on StreetLinks future performance. Novation owned approximately 88% of StreetLinks and receives a corresponding share of the sales proceeds. StreetLinks provides banks and mortgage lenders with full service appraisal management services and appraisal management software.
Assurant acquires StreetLinks from Novation Cos. for $60M cash Assurant (AIZ) announces the acquisition of StreetLinks from Novation Companies (NOVC) and other shareholders. Assurant Specialty Property has acquired StreetLinks for approximately $60M in cash, plus a potential earnout payment based on future performance. Assurant expects the transaction to be accretive to earnings in 2015.