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American Equity Investment Life Holding Company Announces Proposed Senior Notes Offering
Wednesday, September 15, 2010 - 4:02pm | 199American Equity Investment Life Holding Company (NYSE: AEL), today announced its intention to offer $150 million aggregate principal amount of Convertible Senior Notes due 2015, subject to market and other conditions. American Equity also expects to grant the initial purchasers a 13-day over-...
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Unum Group Completes $400 M Senior Notes Offering
Wednesday, September 15, 2010 - 4:00pm | 89Unum Group (NYSE: UNM) announced today that it has completed an offering of senior notes. A total of $400 million aggregate principal amount of 10-year senior notes was issued today with an annual coupon rate of 5.625 percent. The net proceeds are expected to be used for the repayment of the...
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Manulife Financial Prices Notes - Analyst Blog
Wednesday, September 15, 2010 - 12:15pm | 390Manulife Financial Corporation (MFC) has priced its public offer of two series of senior notes aggregating $1.1 billion–$600 million of 3.40% senior notes due 2015 and $500 million of 4.90% senior notes due 2020. Manulife Financial is offering the 3.40% senior notes at 99.854% of face value and...
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Protective to Acquire United Investors Life for $316 Million
Tuesday, September 14, 2010 - 8:32am | 179Protective Life Corporation (NYSE: PL) (“Protective”) today announced that its principal subsidiary, Protective Life Insurance Company, has signed an agreement to acquire United Investors Life Insurance Company from Liberty National Life Insurance Company for a purchase price of approximately $316...
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Morgan Stanley Comments on Aflac's Investor Day
Monday, September 13, 2010 - 2:00pm | 114Aflac (NYSE: AFL) remains one of Morgan Stanley's highest conviction ideas in the life and annuity industry following its Japan investor day presentations. Morgan Stanley feels strong sales growth momentum achieved at the bank channel has substantial room for improvement. Management also...
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AIG Unit Inks Deal with China Bank - Analyst Blog
Friday, September 10, 2010 - 12:39pm | 1180In a move to strengthen its position in China, American International Assurance Co. (“AIA”), the Asian arm of American International Group Inc. (AIG), signed a bancassurance agreement with Industrial & Commercial Bank of China Ltd. (“ICBC”) to sell its life insurance products at ICBC’s...
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Andrew J. Powers Joins Lincoln Financial Group as Vice President
Friday, September 10, 2010 - 11:28am | 66Lincoln Financial Group (NYSE: LNC) today announced that Andrew J. Powers has joined Lincoln Financial Group as Vice President, Defined Contribution Strategy. Reporting to Duane Bernt, Head of Finance and Strategy for the Defined Contribution business, Powers will lead the efforts for the company's...
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MetLife Partners with Pattern Energy - Analyst Blog
Thursday, September 9, 2010 - 1:40pm | 572On Tuesday, insurance giant MetLife Inc. (MET) entered into a partnership with San-Francisco based Pattern Energy Group LP for an equity investment in the latter’s Gulf Wind project located at Texas. However, the terms of the partnership investment remain undisclosed. Pattern Energy Group is a...
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Note Offering from Unum Group - Analyst Blog
Thursday, September 9, 2010 - 12:06pm | 693Unum Group (UNM) sold senior unsecured notes worth $400 million bearing a coupon of 5.625% and maturing on June 15, 2020. The company increased the offer size from $300 million planned earlier. Unum Group offered the debentures at 99.879% of face value to yield 5.641% if held till maturity. ...
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Lincoln, Hartford Warrants on Sale - Analyst Blog
Thursday, September 9, 2010 - 7:45am | 539As part of the bailout funds repayment by the insurers through the Troubled Asset Relief Program (TARP), the US Treasury Department plans to conduct auctions to dispose of its remaining warrants held in Lincoln National Corporation (LNC) and Hartford Financial Services Group Inc. (HIG). During the...
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Zacks Analyst Blog Highlights: Lincoln National, Hartford Financial Services Group, Deutsche Bank AG, American International Group and Casey's General Stores - Press Releases
Thursday, September 9, 2010 - 7:45am | 1583For Immediate Release Chicago, IL – September 9, 2010 – Zacks.com Analyst Blog features: Lincoln National Corporation (LNC), Hartford Financial Services Group Inc. (HIG), Deutsche Bank AG (DB), American International Group Inc. (AIG) and Casey’s General Stores Inc. (CASY ). Get the most recent...
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News Summary (RYAAY, AMR, DAL, ALK, ORCL, HPQ, HIG, LNC)
Tuesday, September 7, 2010 - 10:54am | 234Airline stocks moved down along with the wider market, with Ryanair Holdings (NASDAQ: RYAAY) as the top loser in the list. Shares of AMR Corp (NYSE: AMR) moved down about 2.05%, Delta Air Lines (NYSE: DAL) fell about 2.53% and Alaska Air (NYSE: ALK) dropped about 1.16%. The NYSE Arca Airline Index...
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Pattern Energy Announces Financing Investment by MetLife (MET)
Tuesday, September 7, 2010 - 8:20am | 63Pattern Energy Group LP today announced that MetLife (NYSE: MET) has made an equity partnership investment in Pattern's Gulf Wind project. Gulf Wind is a fully operational 283 megawatt wind farm located in Kenedy County, Texas that produces clean energy equivalent to the power needs of 80,000 Texas...
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Aflac Inc. Officer Sells 10,000 Shares of AFL
Thursday, September 2, 2010 - 4:00pm | 50In a Form 4 filed earlier today, Aflac Inc. (NYSE: AFL) Director, Tohru Tonoike, reported that he sold 10,000 shares of AFL on September 2ND for an average price of $49.61. The transaction totaled $496,100. Mr. Tonoike owns 11,446 direct shares of AFL. Source: The Washington Service
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Stocks on the Move (HAL),(AKS),(MET),(RDWR),(EXPE)
Wednesday, September 1, 2010 - 9:41am | 51Stocks on the Move (HAL),(AKS),(MET),(RDWR),(EXPE). All stocks above 15 day SMA today moving..