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Stock Market & Financial Investment News

News Breaks
February 6, 2013
16:37 EDTAIZAssurant reports Q4 net operating income p/s 7c consensus (38c)
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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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