Multi-line Insurance

Going ahead with its asset disposal strategy to repay the U.S. government bailout loan, yesterday, American International Group Inc. (AIG) announced its intention to vend its rail-car leasing wing, AIG Rail Service Inc, according to Wall Street Journal.  While the price of sale offering and other...

• Tyson (NYSE: TSN) posted fiscal fourth quarter earnings of $0.64, beating estimates of $0.56. Revenues were $7.44 billion, below estimates of $7.75 billion • Tech Data (NASDAQ: TECD) reported third quarter earnings $1.07 up from estimates of $0.95 on revenues of $6.16 billion that beat estimates...

Going ahead with its asset disposal strategy to repay the U.S. government bailout loan, yesterday, American International Group Inc. (AIG) announced its intention to vend its rail-car leasing wing, AIG Rail Service Inc, according to Wall Street Journal.  While the price of sale offering and other...

• Tyson (NYSE: TSN) posted fiscal fourth quarter earnings of $0.64, beating estimates of $0.56. Revenues were $7.44 billion, below estimates of $7.75 billion • Tech Data (NASDAQ: TECD) reported third quarter earnings $1.07 up from estimates of $0.95 on revenues of $6.16 billion that beat estimates...

Key Points: 3Q Earnings season almost done, 484 or 96.8% of S&P 500 reports in so far. Strong earnings season, with a median EPS surprise of 4.92% and a 3.73 surprise ratio. While those numbers are down from earlier in the reporting season, they are still very good. Total of 347 positive...

CB Richard Ellis Group Inc. (CBG), the world's largest commercial real estate services firm (on the basis of 2009 revenues), was recently selected by NYSE Euronext Inc. (NYX) to provide real estate transaction and facilities management services for its entire portfolio in the U.S. and Europe....

Rating agency A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of theproperty and casualty (P&C) and life and health insurance subsidiariesof Assurant, Inc. (AIZ). Also, A.M. Best has affirmed the issuer credit ratings of “bbb” and debt ratings...

The rating agency Moody's Investors Service, an arm of Moody's Corp. (MCO), has conferred a “Baa2” rating to senior unsecured notes worth $1 billion issued recently by Prudential Financial Inc. (PRU). The rating holds an investment grade status and carries a “stable” outlook.  These notes were...

CB Richard Ellis Group Inc. (CBG), the world's largest commercial real estate services firm (on the basis of 2009 revenues), was recently selected by NYSE Euronext Inc. (NYX) to provide real estate transaction and facilities management services for its entire portfolio in the U.S. and Europe....

Rating agency A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of theproperty and casualty (P&C) and life and health insurance subsidiariesof Assurant, Inc. (AIZ). Also, A.M. Best has affirmed the issuer credit ratings of “bbb” and debt ratings...

The rating agency Moody's Investors Service, an arm of Moody's Corp. (MCO), has conferred a “Baa2” rating to senior unsecured notes worth $1 billion issued recently by Prudential Financial Inc. (PRU). The rating holds an investment grade status and carries a “stable” outlook.  These notes were...

Genworth Financial Inc. (GNW) sold senior notes worth $400 million, bearing a coupon of 7.20% and maturing on February 15, 2021. The company increased the offer size from $300 million planned earlier. The company has offered these notes at 99.659% of face value to yield 7.25% if held till...

Briskly moving ahead with its recapitalization program, on Wednesday, American International Group Inc. (AIG) announced a further extension of 74.48 million of its equity units exchange offering to November 23. With the commencement of the exchange on October 8, AIG had scheduled the expiry of...

Sales of life insurance at The Hartford (NYSE: HIG) grew 14 percent in the third-quarter versus the same quarter in 2009. The Hartford Financial Services Group, Inc. reported its best quarterly profit since 2007 and its fourth consecutive quarterly profit. Net income in the third quarter of 2010...

Genworth Financial Inc. (GNW) sold senior notes worth $400 million, bearing a coupon of 7.20% and maturing on February 15, 2021. The company increased the offer size from $300 million planned earlier. The company has offered these notes at 99.659% of face value to yield 7.25% if held till...