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Stock Market & Financial Investment News

News Breaks
December 18, 2012
16:17 EDTAIZAssurant 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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October 16, 2014
18:27 EDTAIZGlobal Indemnity to purchase American Reliable Insurance from Assurant
Global Indemnity's (GBLI) U.S. affiliate agreed to purchase American Reliable Insurance Company from Assurant (AIZ). In a transaction with an enterprise value of approximately $394M, Global Indemnity's U.S. division will pay approximately $114M in cash to Assurant at closing - which could be increased to approximately $120M to account for net earnings between June 30 and the closing - and assume approximately $280M in customary insurance related liabilities, obligations, and mandates.
18:21 EDTAIZAssurant to sell American Reliable Insurance to Global Indemnity for $114M cash
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