Multi-line Insurance

The Board of Directors of Genworth Financial, Inc. (NYSE: GNW) today declared a quarterly dividend of $0.65625 per outstanding share of its Series A Cumulative Preferred Stock. The dividend is payable June 1, 2011 to stockholders of record as of the close of business on May 16, 2011. In addition,...

Catastrophe-modeling firm Eqecat said that the insured losses from Japan earthquake could be as high as $25 billion. Eqecat said that costs could range from $12 billion to $25 billion, and that between $2 billion and $4 billion of the losses will go to the Japan Earthquake Reinsurance Pool....

Wunderlich Securities has a Buy rating and a $34 price target on shares of HCC Insurance Holdings, Inc. (NYSE: HCC). In a note to clients, Wunderlich writes, "On March 11, 2011, an 8.9-magnitude earthquake and tsunami hit Japan causing substantial damage and loss of life. Insured losses from the...

Brian Stutland said on CNBC's Options Action that the financial sector has been a roaring bull market, and that sentiment continued on Wednesday. He noticed, on Wednesday, a big transaction in the June 18 call options in Financial Select Sector SPDR (ETF) (NYSE: XLF). This transaction was worth...

American International Group, Inc. (NYSE: AIG) shares are up 2% as the equity markets have moved higher from this morning, and news came out last night that AIG is trying to purchase back the Maiden Lane 2 portfolio from the Federal Reserve for $15.7 billion. At last check, shares were up 88 cents...

Amazon.com (NASDAQ: AMZN) is in a fight with the state of Illinois regarding sales taxes, as the state wants to collect sales taxes from goods sold. Amazon is severing relationships with Illinois affiliates as a result. Banks like J.P. Morgan (NYSE: JPM) and Wells Fargo (NYSE: WFC) are fighting...

AIG (NYSE: AIG) is trading higher today. At the time of posting, shares of AIG were trading at $37.23, up 2.06% from Thursday's close.

Last night AIG (NYSE: AIG) announced its intentions to buy back all of the holdings in Maiden Lane II LLC for $15.7 billion. Here is a statement from the Federal Reserve of New York on this: The Federal Reserve has received a formal offer from American International Group, Inc. (AIG) to purchase...

The Federal Reserve has received a formal offer from American International Group, Inc. (AIG) to purchase the assets in Maiden Lane II, LLC (MLII). The Fed has been aware of AIG's interest in those assets for some time. Any decision on a possible disposition of these assets will be made in a way...

The Hartford Financial Services Group (NYSE: HIG) will release its first quarter 2011 financial results on Monday, May 2, 2011, following the close of the market. The company's conference call to discuss its first quarter 2011 financial results will take place on Tuesday, May 3, 2011, at 9 a.m....

American International Group (NYSE: AIG) announced today that its Board of Directors has adopted a Tax Asset Protection Plan (the Plan) designed to protect AIG's substantial tax assets. This Plan is similar to tax benefit protection plans adopted by other public companies with significant tax...

The Treasury Department said yesterday it received $6.9 billion from American International Group Inc. (NYSE: AIG) as it seeks to be repaid in entirety for bailing out the company during the financial crisis. Oil prices (NYSE: USO) continue to be volatile as anti-government protests spread across...

American International Group, Inc. (NYSE: AIG) announced today that it had paid in full the liquidation preference and accrued return on one of the special purpose vehicles created as part of the government's assistance to AIG and made a substantial payment on the preferred interests in another SPV...

International Lease Finance Corporation, a wholly owned subsidiary of American International Group, Inc. (NYSE: AIG), today announced that it has signed a memorandum of understanding for the purchase of 100 A320NEO family aircraft from Airbus and a purchase agreement for 33 737-800 aircraft from...

Shares of Assurant, Inc. (NYSE: AIZ) are lower on the session by 2.33%, currently trading at $38.14. The stock has been moving largely lower over the past two months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago the...