$RGA (Reinsurance Group of America Inc.)

$RGA {{ '2015-12-03T12:06:42+0000' | timeago}} • Announcement

$RGA, one of the world's largest global life and health reinsurance companies, agreed to acquire a $22Bil block of U.S. term life reinsurance, comprising about 290,000 policies, from subsidiaries of $XL. $RGA will administer the business on $XL's behalf following a short transition period.

$CB {{ '2017-07-20T17:16:52+0000' | timeago}} • Announcement

$CB has named Michelle McLaughlin as EVP & Property Manager for its North America Commercial Insurance division. She will report to Paul Lewis, EVP & Chief Underwriting Officer, Commercial Insurance. Ms. McLaughlin succeeds Edward Radzinski, who will retire at the end of August.

$CB {{ '2017-07-18T16:37:01+0000' | timeago}} • Announcement

$CB appointed Lee Farrow as EVP and Life Sciences Industry Practice Leader for North America. In new role, effective immediately, he will oversee strategy, operations and underwriting of biotechnology, pharmaceutical, supplement, and medical device customers. Farrow succeeds Phil Fiscus who has been appointed to Deputy Industry Practices Manager.

$CB {{ '2017-07-18T10:49:22+0000' | timeago}} • Announcement

$CB appointed Alexander Wells as Regional Manager for the Northeast and Mid-Atlantic Regions of the company's Commercial Insurance division in North America. Wells succeeds Jeffrey Updyke, who was recently named $CB's COO of North America Field Operations.

$UNM {{ '2017-07-17T21:26:25+0000' | timeago}} • Announcement

$UNM declared a quarterly dividend of $0.23 per share on its common stock to be paid on August 18, 2017, to stockholders of record on July 31, 2017.

$WFC {{ '2017-07-14T20:11:34+0000' | timeago}} • Webcast

As part of its $2Bil cost-cutting initiative, $WFC, the third-largest U.S. bank by assets, has closed 93 branches, including 54 in 2Q17, and is on track to close 200 branches this year. The company, as planned, will close an additional 250 branches in 2018.

$WFC {{ '2017-07-14T20:07:37+0000' | timeago}} • Webcast

Amidst the sales scandal, $WFC still continues to invest in its businesses and technologies. At the end of 1Q17, $WFC became the first large bank in the US to offer card-free access to all of its ATMs. Customers have used the new card-free ATM access code over 1MM times as of the end of 2Q17, said the company.

$WFC {{ '2017-07-14T20:01:07+0000' | timeago}} • Webcast

Recently appointed CEO Tim Sloan, who is working to rebuild confidence in $WFC after the fake account scandal that led to the departure of his predecessor, said the company has received preliminary court approval for $142MM class action settlement and expects the settlement to resolve substantially all claims in 10 other pending class actions.

$WFC {{ '2017-07-14T19:49:28+0000' | timeago}} • Webcast

$WFC's auto portfolio continued to decline in 2Q17 and was down $2.5Bil from 1Q17, as the company is taking proactive steps to tighten underwriting standards. The bank expects a further decline in the auto portfolio through 2H16, but sees it stabilizing in 1H18.

$WFC {{ '2017-07-14T19:28:51+0000' | timeago}} • Webcast

In an effort to improve operating performance by focusing on core banking products and services, $WFC has announced the sale of its Commercial Insurance business (expected to close in 4Q17) and Shareowner Services business (expected to close by 1Q18-end). Notably, the company sold its Crop Insurance and Health Benefit Services businesses last year.

$WFC {{ '2017-07-14T14:21:20+0000' | timeago}} • Announcement

$WFC's net interest income for 2Q17 grew 6% YoY to $12.5Bil, helped partly by the Federal Reserve's interest rate hike for the second time this year in June. The bank's provision for credit losses fell 48% from a year ago primarily due to improvement in the oil and gas portfolio.

$WFC {{ '2017-07-14T14:09:00+0000' | timeago}} • Announcement

As part of the 2017 Capital Plan, $WFC expects to raise its 3Q17 dividend to $0.39 per share from $0.38. The plan also includes up to $11.5Bil of gross common stock repurchases for the four-quarter period from 3Q17 through 2Q18.

$WFC {{ '2017-07-14T13:57:16+0000' | timeago}} • Announcement

$WFC posted YoY profit growth for the first time since the third quarter of 2015, helped by higher interest income. The San Francisco-based bank, which is recovering from the fallout of its sham accounts scandal last year, reported a 5% growth in earnings for 2Q17, while the revenue remained flat at $22.2Bil.

$WFC {{ '2017-07-14T12:37:23+0000' | timeago}} • Infographic

$WFC Wells Fargo & Company Earnings AlphaGraphic: Q2 2017 Highlights

$CB {{ '2017-07-14T11:48:27+0000' | timeago}} • Announcement

$CB announced several new leadership appointments within its Global Casualty and Excess Casualty lines of business for its North America Major Accounts division, effective immediately. $CB appointed Bill Hazelton as EVP of Chubb Construction Industry Practice, Environmental and Excess Casualty, and Joseph Fobert as EVP, Chubb Excess Casualty.

$CB {{ '2017-07-14T11:47:31+0000' | timeago}} • Announcement

$CB announced several new leadership appointments within its Global Casualty and Excess Casualty lines of business for its North America Major Accounts division, effective immediately. $CB appointed Bill Rabl as EVP, Chubb Global Casualty, and Lou Capparelli as EVP, Chubb Global Casualty Field Operations.

$CB {{ '2017-07-13T10:50:19+0000' | timeago}} • Announcement

$CB appointed Ross Bertossi as VP of Global Underwriting for Chubb Group. In this capacity, he will have responsibility for advancing underwriting excellence across the company, including general underwriting policy and underwriting management best practices.

$ICE {{ '2017-07-12T15:00:54+0000' | timeago}} • Announcement

$ICE said the NYSE enhanced its listing rules and services platform to attract Special Acquisition Companies (SPACs). The enhanced service offer has allowed for three SPAC listings in the past three months, TPG Pace Energy Holding’s $600MM listing, TPG Pace Holding Corporation’s $400MM listing and Hennessy Capital Acquisition III’s $225MM listing.

$AIZ {{ '2017-07-11T10:44:27+0000' | timeago}} • Announcement

$AIZ finalized a $1.36Bil property catastrophe reinsurance program, lowering its financial exposure and enhancing its ability to protect 2.8MM homeowners and renters policyholders against severe weather and other hazards. Base reinsurance premiums for 2017 global catastrophe program are expected to be $125.6MM, compared to $132.6MM in 2016.

$WFC {{ '2017-07-10T15:58:44+0000' | timeago}} • Announcement

$WFC announced updates to the settlement agreement for lawsuit on improper retail sales practices. The agreement will set aside $142MM for customer remediation claims back to May 2002. It includes a process to compensate customers for increased borrowing costs due to credit-score impact associated with a potentially unauthorized account.

$WFC {{ '2017-07-10T15:57:34+0000' | timeago}} • Announcement

$WFC announced updates to the settlement agreement for lawsuit on improper retail sales practices. $WFC expects this settlement to resolve substantially all claims in 10 other pending class actions that allege unauthorized accounts were opened in customers’ names or that customers were enrolled in products or services without their consent.

Recent Transcripts

WFC (Wells Fargo & Company)
Friday, July 14 2017 - 2:00pm
TD (The Toronto-Dominion Bank)
Thursday, May 25 2017 - 7:00pm
GTS (Triple-S Management Corporation)
Tuesday, May 9 2017 - 1:00pm
TSLX (TPG Specialty Lending, Inc.)
Thursday, May 4 2017 - 12:30pm
MET (MetLife, Inc.)
Thursday, May 4 2017 - 12:00pm
RNR (RenaissanceRe Holdings Ltd.)
Wednesday, May 3 2017 - 2:00pm
ICE (Intercontinental Exchange, Inc.)
Wednesday, May 3 2017 - 12:30pm
AIZ (Assurant Inc.)
Wednesday, May 3 2017 - 12:00pm
RGA (Reinsurance Group of America Inc.)
Friday, April 28 2017 - 3:00pm
PFG (Principal Financial Group Inc.)
Friday, April 28 2017 - 2:00pm
AFL (Aflac Incorporated)
Friday, April 28 2017 - 1:00pm
CNO (CNO Financial Group, Inc.)
Thursday, April 27 2017 - 3:00pm
UNM (Unum Group)
Thursday, April 27 2017 - 1:00pm
CB (Chubb Limited)
Wednesday, April 26 2017 - 12:30pm
TMK (Torchmark Corporation)
Thursday, April 20 2017 - 4:00pm
WFC (Wells Fargo & Company)
Thursday, April 13 2017 - 2:00pm
TD (The Toronto-Dominion Bank)
Thursday, March 2 2017 - 8:00pm
GTS (Triple-S Management Corporation)
Thursday, March 2 2017 - 2:00pm
CNO (CNO Financial Group, Inc.)
Wednesday, February 8 2017 - 4:00pm
CNO (CNO Financial Group, Inc.)
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