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Stock Market & Financial Investment News

News Breaks
May 6, 2014
08:13 EDTAIZAssurant says president and CEO Pollock to retire at year-end 2014
Assurant announced its president and CEO Robert B. Pollock plans to retire as an officer and director at year-end 2014. Assurant also announced that Michael J. Peninger, executive vice president and CFO, will retire this year after 29 years with the company. Christopher J. Pagano, currently Assurantís executive vice president, chief investment officer and treasurer, will succeed him as CFO, effective Aug. 15.
News For AIZ From The Last 14 Days
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October 29, 2014
16:32 EDTAIZAssurant reports Q3 EPS $1.82, consensus $1.57
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15:53 EDTAIZNotable companies reporting after market close
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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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