OneBeacon Insurance Group, Ltd. announced today that it has obtained a new CUSIP No. for the 5.875% Senior Notes due 2013 (the “Notes”) of its indirect wholly-owned subsidiary, OneBeacon U.S. Holdings, Inc. (”OBH”). The reason for the new CUSIP No. is to reflect the change in name of the issuer from Fund American [...]
Arthur J. Gallagher & Co. (NYSE:AJG – News) today announced the acquisition of James F. Reda & Associates, LLC in New York, NY. Terms of the transaction were not disclosed.
Formed in 2004, James F. Reda & Associates, LLC is an executive compensation and corporate governance consulting firm. They provide executive and corporate governance [...]
Bailed-out insurer American International Group Inc said it will take a $4.1 billion fourth-quarter charge at its Chartis unit, and the U.S. government will allow it to retain $2 billion from recent sales to bolster capital at that unit.
AIG had been restructuring by selling business such as its AIG Star Life Insurance Co and AIG [...]
Hagens Berman Sobal Shapiro LLP, an investor-rights law firm, is progressing in its investigation involving Life Partners Holdings, Inc. (NASDAQ GS:LPHI) shares and insurance policies.
Shareholders who purchased LPHI stock between May 29, 2007 and January 20, 2011 (the “Class Period”) or investors who purchased LPHI policies are encouraged to call Hagens Berman partner Reed R. [...]
TeleTech Holdings, Inc. (NASDAQ:TTEC – News), one of the world’s largest global providers of comprehensive enterprise solutions, has been selected by a major financial services information company to provide customer care and retention support for its consumer division. TeleTech was chosen for its high security standards and best-in-class human capital and performance management processes.
Under the [...]
Baldwin & Lyons, Inc. today announced net income for the quarter of $10.3 million or $.69 per share. This compares to net income of $.74 per share for the prior year period. Operating income, defined as net income before investment gains and losses, was $6.4 million for the quarter, or $.43 per share, as compared [...]
Prudential Financial, Inc. announced today that Vice President and Corporate Counsel Robert A. Fishbein has been named Chair of the Committee of Annuity Insurers. Fishbein has been serving as Vice Chair of the Committee since March of 2010.
The Committee of Annuity Insurers is a coalition of 32 of the largest issuers of annuity contracts in [...]
LCNB Corp. (OTCBB:LCNB) today announced net income available to common shareholders of $2,420,000 ($0.36 total basic and $0.35 total diluted earnings per common share) and $9,373,000 ($1.40 total basic and $1.39 total diluted earnings per common share) for the three and twelve months ended December 31, 2010, respectively. This compares to $1,726,000 ($0.27 total basic [...]
The Empire Life Insurance Company (Empire Life) and Aspiria Corp. (Aspiria) are pleased to announce the creation of a new Employee Assistance Program (EAP), AssistNow™, designed specifically for Empire Life Group Benefits customers.
AssistNow offers expert assistance to employees and their families, as well as to managers and company leaders. It includes confidential counselling, life coaching, [...]
Leading provider of distributed marketing solutions, Distribion, will be attending the PIMA (Professional Insurance Marketing Association) 2011 Annual Meeting later this week in Miami, Florida to address industry-wide challenges that corporate insurance marketers face when attempting to centralize and manage marketing communication systems company-wide. According to the Vice President of Marketing for one of the [...]