Multi-line Insurance

In today's UBS research summary, UBS lowered its American International Group (NYSE: AIG) price target from $45 to $39, raised Boston Properties' (NYSE: BXP) price target from $92 to $95, lowered HiSoft Technology International's (NASDAQ: HSFT) price target from $27 to $21 and downgraded the...

NeoStem, Inc. (NYSE: NBS) is today providing unaudited results for 2010 and an update of recent activities: Revenues for the year ended December 31, 2010 were $69.8 million compared with $11.6 million for 2009. For the year ended December 31, 2010, the Company invested $16.4 million in capital...

International Lease Finance Corporation, a wholly-owned subsidiary of American International Group, Inc. (NYSE: AIG), announced today the promotions of Fred Cromer to President and Philip Scruggs to Executive Vice President. The company also announced that Alan Lund, who has served as Vice Chairman...

AIG's ILFC (NYSE: AIG) is committed in a $1.3B secured loan with a group of 15 banks from Europe, Asia, and North America.

International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYSE: AIG), announced today the commitment for $1.3 billion of a secured term loan with a group of 15 banks from Europe, Asia and North America. The company also has the right to upsize...

American International Group, Inc. (NYSE: AIG) today announced a reorganization of Chartis, its global property casualty business, and named a new management team, including a new Chief Executive Officer, Peter D. Hancock, currently AIG Executive Vice President, Finance, Risk and Investments. Mr....

NY Fed Saying There Is No Fixed Timeframe For Sale Of AIG's Maiden Lane II Assets (NYSE: AIG). Blackrock Will Offer Assets For Sale.

The Federal Reserve has declined the offer from AIG (NYSE: AIG) to buy the Maiden Lane II portfolio. The Fed says that it will conduct an auction for some of these assets in the portfolio, and will sell them as market conditions exist. Blackrock (NYSE: BLK) will run the auction.

According to Keefe, Bruyette & Woods, Assurant (NYSE: AIZ) identified long-term ROE targets for each business at investor day. Keefe, Bruyette & Woods reported that, if AIZ hits these targets, there will eventually be upside to the current ROE. “Some of the targets strike us as ambitious,...

Goldman Sachs has issued a report following Assurant Inc.'s (NYSE: AIZ) 2011 Investor Day. According to the report, "Today Assurant hosted its 2011 Investor Day. Investor focus remains centered on mitigating longer-term earnings headwinds as Specialty Property 'normalizes'. An enthusiastic outlook...

Unico American Corporation (NASDAQ: UNAM) announced today its consolidated financial results for the three months ended December 31, 2010. For the three months ended December 31, 2010, revenues were $8.7 million and net income was $0.8 million ($0.14 diluted income per share) compared with...

According to CNBC's Kate Kelly, the AIG (NYSE: AIG) "re-IPO" road show is set for May, a little later than had been originally expected. The U.S. Treasury is selling a major portion of the company, as it seeks to return the company back to the private markets. The investment bankers working on...

According to Keefe, Bruyette & Woods, the Genworth (NYSE: GNW) model and estimates have been updated to reflect last week's debt raise and recent MI delinquency reserving trends. Keefe, Bruyette & Woods reported that its 2011 estimate goes to $1.25 from $1.50 and 2012 goes to $1.80 from $1...

Cusick's Corner Inflation is on the brain and with the Hawks circling, this market needs leadership to arise before any real money is going to work. With that said, we may have this choppy action until the jobs data comes in at the end of this week. The Consumer Confidence Number will be a big one...

There are some key events tomorrow Tuesday that traders should be aware of. Assurant, Inc. (NYSE: AIZ) and Interpublic Group of Companies, Inc. (NYSE: IPG) shares are set to hold investor days tomorrow, and these are usually positive for shareholders. Assurant, Inc., through its subsidiaries,...