|
|
News Breaks | | | | October 10, 2012 | | 08:15 EDT |  | HRG | Harbinger's insurance sub FGL executes $295M reserve credit facility
Harbinger Group announced the closing of a $295M reserve credit facility between Nomura Bank International and HGI's primary insurance company, Fidelity & Guaranty Life, or FGL. The facility replaces a seller-provided facility put in place under the stock purchase agreement entered into between a subsidiary of HGI and Old Mutual plc for the acquisition of FGL. Under the terms of the reserve credit facility agreement, Nomura will provide Raven Re, a wholly-owned subsidiary of FGL, with a five-year facility at a lower financing cost to recapture business that was previously ceded to Old Mutual Reassurance Ireland Ltd. Under the terms of the stock purchase agreement between HGI and Old Mutual, HGI was required to recapture this ceded business by Dec. 31, 2015. | |
|
News For HRG From The Last 14 Days Check below for free stories on HRG the last two weeks. |
|
|
| May 20, 2013 | | 07:10 EDT |  | HRG | NY State investigates firms' investments that back fixed annuities, WSJ reports
 Subscribe for More Information | | | 06:09 EDT | | HRG | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: The New York Department of Financial Services yesterday sent subpoenas to Apollo Global Management (APO), Guggenheim Partners and Harbinger Group (HRG) as part of an investigation seeking more information on investments that back so-called fixed annuities, sources say, the Wall Street Journal reports...As Home Depot (HD) and Lowe’s (LOW) report fiscal Q1 results this week, the reconstruction phase from last year's superstorm Sandy will be looming large as cooler-than-normal temperatures delay spring selling, the Wall Street Journal reports...REUTERS: Danone Group (DANOY) will invest $417M in two deals with China Mengniu Dairy Co., marking a comeback for the French group in China where scandals have hurt confidence in food safety, Reuters reports...The Nikkei share average surged to a new 5 1/2 year high today, boosted by further weakness in the yen and optimism over the growth outlook after the Japanese government raised its assessment of the economy for the first time in two months, Reuters reports...BLOOMBERG: The longest decline in Treasuries this year has left U.S. government debt the cheapest since March 2011 when measured by real yields and the best relative value compared with German bunds in more than two decades, Bloomberg reports...As JPMorgan Chase’s (JPM) Jamie Dimon prepares for a vote Tuesday on whether he should keep his chairman and CEO titles, he may take comfort knowing that seven of the bank’s 10 largest owners are run by CEOs who are also chairmen, Bloomberg reports. | | | May 9, 2013 | | 08:54 EDT |  | HRG | Harbinger Group reports Q2 EPS with items (33c), one estimate 5c
Subscribe for More Information | |
|
|
|
|
|
|
