New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 7, 2014
08:20 EDTAIZ, RGA, SYA, CNO, SFGLimited Japanese growth could lead to U.S. insurance acquisitions, says UBS
UBS believes the limited growth in the Japanese insurance market could lead to acquisitions here in the U.S. The firm believes the U.S. life sector has room to consolidate but that it could be limited by regulatory uncertainty. However, UBS is more optimistic about Japanese acquirers and sees potential interest in StanCorp Financial (SFG) and Symetra Financial (SYA) and, to a lesser extent, in Assurant (AIZ), CNO Financial (CNO), and Reinsurance Group of America (RGA).
News For SFG;SYA;AIZ;CNO;RGA From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 22, 2014
16:06 EDTSFGStanCorp reports Q3 EPS ex-items $1.73, consensus $1.33
Subscribe for More Information
08:36 EDTCNOCNO Financial attractive following pullback, says FBR Capital
Subscribe for More Information
October 21, 2014
09:03 EDTRGAReinsurance Group to acquire Aurora National Life Assurance Company
Reinsurance Group of America (RGA) announced the execution of agreements under which RGA will acquire all of the stock of Aurora National Life Assurance Company, a wholly owned life insurance subsidiary of Swiss Re (SSREY). Aurora, which is part of Swiss Re's Admin Re business in the U.S., has approximately 82,000 policies in force and statutory policyholder liabilities of $2.7B. The underlying business is comprised of approximately two-thirds annuities, primarily payout annuities, and one-third interest-sensitive life products. Aurora has not written significant new business in over 20 years. The transaction is expected to close in early 2015 subject to customary regulatory approvals.
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
Subscribe for More Information
October 13, 2014
07:51 EDTSFGStanCorp upgraded to Buy from Neutral at Sterne Agee
Subscribe for More Information
October 10, 2014
19:54 EDTCNOCNO Financial management to meet with FBR Capital
Meeting to be held in London on October 13 hosted by FBR Capital.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use