Executives from The Lifeline Program announced new efforts to promote investment in portfolios of life insurance settlements to financial institutions and hedge funds. Life settlement portfolios are non-correlated to the stock market and have performed well despite the current turmoil in the financial sector.
“With the scandals and financial freefall of 2008 behind us, we believe [...]

Max Capital Group Ltd. (NASDAQ: MXGL; BSX: MXGL BH) today announced that the estimated total return on its overall investment portfolio, including unrealized gains and losses, for the quarter ended December 31, 2008 is positive 1.0% and for the year ended December 31, 2008 is negative 1.7%. The estimated total principal increase on its overall [...]

Max Capital Group Ltd. (NASDAQ: MXGL; BSX: MXGL BH) today announced that the estimated total return on its overall investment portfolio, including unrealized gains and losses, for the quarter ended December 31, 2008 is positive 1.0% and for the year ended December 31, 2008 is negative 1.7%. The estimated total principal increase on its overall [...]

American Equity Investment Life Holding Company announced that its Board of Directors has declared a cash dividend of $0.07 per share to owners of its common stock. This marks the tenth consecutive year a cash dividend has been declared and the fifth year in a row that the Company has increased its cash dividend. [...]

The Phoenix Companies, Inc. announced today that it will hold a conference call with the investment community on Thursday, December 4, 2008, at 11 a.m., Eastern time. The call will cover Phoenix’s planned spin-off of Virtus Investment Partners.
The conference call will be broadcast live over the Internet at www.phoenixwm.com in the Investor Relations section. The [...]

The Financial Management Association of New Hampshire (FMA of NH) today announced that it hosted financial executives from diverse industries for a discussion on Safeguarding Cash and Investments in a Turbulent Economy. The event, held on November 10, was attended by about 100 senior level professionals from the New Hampshire and Massachusetts regions.
The roundtable was [...]

Transamerica Life Insurance Company (Transamerica) introduced several investment options available with its variable annuity suite. The funds are also available as designated investment options for Transamerica’s recently upgraded Retirement Income Choice living benefit rider, and the Double Enhanced Death Benefit. The four funds are: AllianceBernstein Balanced Wealth Strategy Portfolio, Franklin Templeton VIP Founding Funds [...]

Southern Community Financial Corporation announced that it has received preliminary approval from the U.S. Treasury for the sale of $42.75 million in preferred stock and related warrants to the U.S. Treasury under the Capital Purchase Program of the Emergency Economic Stabilization Act of 2008. The preferred stock will pay a 5% dividend for the first [...]

National Investment Managers Inc., a nationally-based and regionally-operated company, today announced that Woodside Capital Partners has purchased the Note and Warrants that Lehman Brothers held in National Investment Managers.
In December 2007, Lehman participated in a $27 million debt package, whereby Lehman and Woodside Capital Partners each offered National Investment Managers $6 million in subordinated debt, [...]

BlueCross BlueShield Venture Partners, L.P., a corporate venture fund that is an independent licensee of the Blue Cross and Blue Shield Association, and Sandbox Industries announced today a $5-million investment in Initiate Systems, Inc., a leader in master data management (MDM) solutions for health information exchange.
BlueCross BlueShield Venture Partners is a newly formed $116-million fund [...]