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Stock Market & Financial Investment News

News Breaks
March 18, 2013
05:55 EDTKMPR, KMPR, UIHC, UIHC, ASI, ASI, NATL, NATL, AFG, AFG, IPCC, IPCC, AFSI, AFSI, FFG, FFG, HALL, HALL, RLI, RLI, UFCS, UFCS, AGII, AGII, MIG, MIG, EMCI, EMCINYSSA to host a conference
17th Annual Insurance Conference is being held in New York on March 18-19.
News For KMPR;MIG;AGII;UFCS;RLI;HALL;FFG;AFSI;IPCC;AFG;NATL;ASI;UIHC;EMCI From The Last 14 Days
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December 16, 2014
15:12 EDTAGIIArgo buys renewal rights of Lawyers’ Professional Liability book
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15:06 EDTAGIIArgo buys renewal rights of Lawyers’ Professional Liability book
Argo Group US, Inc., a member of Argo Group International Holdings announced it has entered into a binding agreement with OneBeacon Insurance Group to purchase the renewal rights of OneBeacon’s Lawyers’ Professional Liability, LPL, book of business, effective January 1, 2015. Upon renewal of accounts, all OneBeacon LPL policies will be renewed and serviced by Argo Pro—a member of Argo Group that specializes in professional liability products and services, including Errors & Omissions and Management Liability. In conjunction with this acquisition, Kim Noble, product leader and select members of the Lawyers’ Professional Liability Group at OneBeacon, will be joining Argo Pro. “This acquisition will expand our diverse professional lines capabilities in the U.S. marketplace and bring a broader portfolio of products to our brokers,” said Argo Group US President Kevin Rehnberg. “Kim and the LPL team members bring deep expertise and strong relationships in this market and we’re excited to have them join the Argo team.”
December 15, 2014
09:07 EDTUIHCUnited Insurance to acquire Family Security Holdings for $9M
United Insurance Holdings has entered into an Agreement and Plan of Merger with Family Security Holdings, LLC. Under the terms of the agreement, which is subject to FSH shareholder approval, UPC Insurance will acquire all of the issued and outstanding shares, units and other ownership rights of FSH for $9M. The merger consideration will be paid 100% in shares of the company’s common stock, with the number of shares issued to be determined by the average closing price of the company’s stock in the 180-days immediately prior to closing. In addition to the merger consideration, UPC Insurance agreed to pay FSH contingent consideration of 3% of all gross premiums written on the renewal of FSIC policies in-force as of the closing during the subsequent twelve month period following the closing of the transaction. The contingent consideration will be paid in the form of additional shares of the company’s stock issued in a manner similar to the merger consideration within approximately 30 days following the twelve month anniversary of the closing. The shares underlying both the merger consideration and the contingent consideration will be subject to a one-year lock-up from the time they are issued.
08:08 EDTAGIIArgo Group downgraded to Market Perform from Outperform at William Blair
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December 11, 2014
09:03 EDTKMPRKemper to acquire Alliance United Group for $70M in cash
Kemper Corporation has entered into a definitive agreement to acquire Alliance United Group and its wholly-owned subsidiaries, in a cash transaction valued at approximately $70M. The parties expect to close the transaction in the first half of 2015, subject to approvals by insurance regulators and the satisfaction of other customary closing conditions.
December 10, 2014
10:20 EDTAFSIOptions with decreasing implied volatility
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10:00 EDTUIHC, IPCCOn The Fly: Analyst Downgrade Summary
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07:39 EDTUIHCUnited Insurance downgraded to Market Perform from Outperform at Keefe Bruyette
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07:36 EDTIPCCInfinity Property downgraded to Market Perform from Outperform at Keefe Bruyette
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