reports
AIG Announces Sale of a 20% Ownership Stake of Corebridge to Nippon Li...
NEW YORK--(BUSINESS WIRE)-- AIG today announced that it has reached an agreement to sell approximately 120 million shares of its Corebridge common stock to Nippon Life Insurance Company (Nippon Life) for $31.47 per share, for an aggregate purchase price of $3.8 billion. The shares represent 20% of the outstanding shares of Corebridge at signing. Under the terms of the transaction, AIG has agreed to maintain a 9.9% ownership stake in Corebridge for two years after the closing. “Nippon Life is well known in the financial services industry for its leadership in the Japanese insurance market and...
Mckesson Corp: 1 director
A director at Mckesson Corp sold 611 shares at 558.032USD and the significance rating of the trade was 83/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sho...
- Valens Research
Valens Equity Weekly Insights - 2024 05 14
Loews (L) has three business lines that are positioned to benefit from high energy prices, high interest rates, and the pandemic recovery. Uniform Accounting highlights that the market is not pricing in these tailwinds for the business highlighting an opportunity for equity upside as they prove to be sustainable. Loews currently operates in the insurance, natural gas pipeline, and hotel industries. All three of these businesses were sleepy during and even before COVID, but with major internati...
Moody’s Ratings rates CNO’s senior unsecured notes Baa3
New York , May 9, 2024 – Moody's Ratings (Moody's) has assigned a Baa3 rating to $700 million of 10-year senior unsecured notes being issued by CNO Financial Group, Inc. (CNO; NYSE: CNO). CNO intends to use the net proceeds from the offering for general corporate purposes, which may include the rede...
Fairfax Financial Holdings Limited: 2 directors
Two Directors at Fairfax Financial Holdings Limited sold/sold after exercising options 3,286 shares at 1,551.530CAD. The significance rating of the trade was 61/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the ...
CNO Financial Group Inc: 2 directors
Two Directors at CNO Financial Group Inc sold 21,718 shares at between 28.250USD and 28.261USD. The significance rating of the trade was 58/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors o...
Fairfax Announces Purchase of 275,000 Subordinate Voting Shares for Ca...
Fairfax Announces Purchase of 275,000 Subordinate Voting Shares for Cancellation From Chairman and CEO, Prem Watsa TORONTO, May 13, 2024 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) (“Fairfax”) announces that it has repurchased 275,000 subordinate voting shares (the “Purchased Shares”) for cancellation from its Chairman and Chief Executive Officer, Prem Watsa. The Purchased Shares are being repurchased by Fairfax at price of C$1,512.89 (the “Purchase Price”), or US$1,106.48, per share at an aggregate cost of approximately US$304.3 million. The Purchased Shar...
Loews Corp: 1 director
A director at Loews Corp sold 100,000 shares at 77.400USD and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sho...
Moody’s Ratings rates CNO’s senior unsecured notes Baa3
New York , May 9, 2024 – Moody's Ratings (Moody's) has assigned a Baa3 rating to $700 million of 10-year senior unsecured notes being issued by CNO Financial Group, Inc. (CNO; NYSE: CNO). CNO intends to use the net proceeds from the offering for general corporate purposes, which may include the rede...
Prudential Financial Inc: 1 director
A director at Prudential Financial Inc sold 5,189 shares at 116.580USD and the significance rating of the trade was 72/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two year...
Fairfax Announces the Passing of Eric Salsberg
Fairfax Announces the Passing of Eric Salsberg TORONTO, May 06, 2024 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces with great sadness the passing of Eric P. Salsberg, who joined Fairfax in 1988 after acting as counsel to Fairfax on every major transaction it undertook since its founding in 1985. Rick served as Vice President – Corporate Affairs and Corporate Secretary for Fairfax, and provided strategic advice and guidance on countless transactions undertaken by the company over the years. “For all of Fairfax’s history, Ricky has acte...
Fairfax Financial Holdings Limited: Financial Results for the First Qu...
Fairfax Financial Holdings Limited: Financial Results for the First Quarter (Note: All dollar amounts in this news release are expressed in U.S. dollars except as otherwise noted. The financial results are derived from unaudited interim consolidated financial statements for the three months ended March 31, 2024 prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board ("IFRS Accounting Standards"). This news release contains certain non-GAAP and other financial measures, including underwriting profit (loss), adjusted op...
Fairfax India Holdings Corporation: Financial Results for the First Qu...
Fairfax India Holdings Corporation: Financial Results for the First Quarter (Note: All dollar amounts in this news release are expressed in U.S. dollars except as otherwise noted. The financial results are derived from unaudited interim consolidated financial statements for the three months ended March 31, 2024 prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board ("IFRS Accounting Standards"). This news release contains certain non-GAAP and other financial measures, including underwriting profit (loss), adjusted op...
AIG Reports Strong First Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today reported financial results for the first quarter ended March 31, 2024. AIG Chairman & Chief Executive Officer Peter Zaffino said: “AIG began 2024 with very strong momentum in delivering on our strategic and operational progress while achieving exceptional financial results, reflecting the foundational capabilities we have cultivated over the last several years. In addition to outstanding profitability, this quarter was highlighted by the significant capital management actions we completed, placing AIG in a posit...
AIG Appoints Kelly Lafnitzegger Executive Vice President and Chief Hum...
NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today announced that Kelly Lafnitzegger will join AIG as Executive Vice President and Chief Human Resources & Diversity Officer (CHRO), effective June 1, 2024. Ms. Lafnitzegger will report to Peter Zaffino, AIG Chairman & Chief Executive Officer, and will be a part of AIG’s Executive Leadership Team. This press release features multimedia. View the full release here: Kelly Lafnitzegger (Photo: Business Wire) As CHRO, Ms. Lafnitzegger will lead AIG’s global human resources organization with responsibility for aligning A...
Fairfax Announces Conference Call
Fairfax Announces Conference Call TORONTO, April 26, 2024 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) will hold a conference call at 8:30 a.m. Eastern Time on Friday, May 3, 2024 to discuss its 2024 first quarter results, which will be announced after the close of markets on Thursday, May 2, 2024 and will be available at that time on its website at . The call, consisting of a presentation by the company followed by a question period, may be accessed at 1 (888) 390-0867 (Canada and U.S.) or 1 (212) 547-0141 (International) with the passcode “FAIRFAX”. A rep...
AIG Announces Leadership Change
NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today announced that David McElroy will retire from AIG effective May 1, 2024. Mr. McElroy has agreed with AIG to accelerate his retirement date for personal reasons and will remain available to the Company. Mr. McElroy joined AIG in 2018 as President and CEO of Lexington Insurance Company and was CEO of General Insurance from August 2020 to December 2023 and Chairman of General Insurance since January 1, 2024. “David McElroy joined AIG at a pivotal time as we began the multi-year effort of improving our underwritin...
Result of Voting for Directors at Annual Shareholders’ Meeting
Result of Voting for Directors at Annual Shareholders’ Meeting TORONTO, April 12, 2024 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) (“Fairfax”) is pleased to announce the results of the vote on Directors at its April 11, 2024 Annual Shareholders’ Meeting. Each of the nominee directors listed in Fairfax’s management proxy circular dated March 8, 2024 was elected as a director. The voting results for the twelve directors nominated for election are set forth in the table below: Name ofNomineeVote For(Aggregate)%VoteAgainst(Aggregate)%Vote For(SubordinateVoting...
AIG to Report First Quarter 2024 Financial Results on May 1, 2024, and...
NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) will report financial results for the first quarter ended March 31, 2024, after the market closes on Wednesday, May 1, 2024. AIG’s press release and financial supplement will be available in the Investors section of AIG’s website at . AIG will also host a conference call on Thursday, May 2, 2024, at 8:30 a.m. ET to review these results. The live, listen-only webcast is open to the public and can be accessed in the Investors section of . A replay will be available after the call at the same location. About AIG Amer...
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