$Y (Alleghany Corporation)

$Y {{ '2016-07-05T18:31:39+0000' | timeago}} • Announcement

Investment holding company $Y said its subsidiary Transatlantic Reinsurance Company has entered into a five-year agreement with General Reinsurance Corporation, a wholly owned subsidiary of $BRK, under which TransRe will act as underwriting manager on behalf of Gen Re for US and Canadian property and casualty treaty reinsurance business.

$ALL {{ '2017-09-21T16:40:03+0000' | timeago}} • Announcement

$ALL announced estimated catastrophe losses, net of reinsurance recoveries, for the month of August 2017 of $593MM, pre-tax, or $385MM after-tax. Catastrophe losses occurring in August comprised 6 events at an estimated net cost of $591MM, pre-tax, plus unfavorable reserve reestimates of prior reported catastrophe losses.

$ICE {{ '2017-09-20T22:33:44+0000' | timeago}} • Announcement

$ICE said the American Depositary Shares of BEST Inc., a Chinese supply chain technology firm, began trading on the New York Stock Exchange under the ticker symbol BSTI. The company raised $450MM in gross proceeds and is the largest US IPO of a Chinese firm YTD. GTS is the NYSE Designated Market Maker (DMM) for the company’s shares.

$BAC {{ '2017-09-20T15:41:19+0000' | timeago}} • Webcast

With customers like $BAC and $T, $ORCL is confident of taking market share across the applications ecosystem. Oracle's app business grew 17% in 1Q18 with large marquee customer wins across Cloud portfolio. Oracle said its app business growth rate in the Cloud is higher than other players and sells double of what $CRM sells in absolute dollars.

$XL {{ '2017-09-20T15:18:28+0000' | timeago}} • Announcement

XL Catlin's insurance operation in Iberia announced new local underwriting capabilities with the appointment of Santiago Herrero as Head of Political Risk, Credit & Bond (PRCB), Iberia. Herrero will be based in Madrid and report to Dan Riordan, XL Catlin's Global Head of PRCB. XL Catlin is part of $XL.

$FITB {{ '2017-09-19T21:28:56+0000' | timeago}} • Announcement

$FITB's BoD declared a cash dividend on its common shares of $0.16 for 3Q17. The dividend is payable on Oct. 16, 2017 to shareholders of record as of Sept. 29, 2017.

$PGR {{ '2017-09-19T15:31:10+0000' | timeago}} • Announcement

$PGR reported net loss for the month of August 2017 of $16.8MM or $0.03 per share compared to a profit of $49.3MM or $0.08 per share last year. Net premiums written grew 16% to $2.21Bil from $1.91Bil and net premiums earned increased 14% to $2.02Bil from $1.77Bil.

$XL {{ '2017-09-19T14:58:22+0000' | timeago}} • Announcement

Insurance firm $XL has decided to move XL Insurance Company, its principal European Union insurance company, from the UK to Ireland in 2018 in response to Brexit. The measure is expected to allow clients and brokers to benefit from continuity of service through the company’s branch network in Europe.

$ALL {{ '2017-09-19T12:36:20+0000' | timeago}} • Announcement

$ALL announced that Gregg Sherrill, Executive Chairman of Tenneco Inc, has been elected to Allstate's BoD, effective Oct 1. As of that date, the Allstate board will stand at 11 directors.

$BAC {{ '2017-09-18T14:48:54+0000' | timeago}} • Announcement

$BAC Board has authorized a regular quarterly cash dividend of $0.375 per depositary share on the 6% Non-Cumulative Preferred Stock, Series EE. The dividend is payable on Oct 25, 2017 to shareholders as of Oct 1, 2017.

$BAC {{ '2017-09-18T14:44:34+0000' | timeago}} • Announcement

$BAC authorized a regular quarterly cash dividend of $0.3875 per depositary share on the 6.20% Non-Cumulative Preferred Stock, Series CC. The dividend is payable on Oct 30, 2017 to shareholders as of Oct 1, 2017.

$BAC {{ '2017-09-18T14:42:51+0000' | timeago}} • Announcement

$BAC authorized a regular semi-annual cash dividend of $32.50 per depositary share on the Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series Z. The dividend is payable on Oct 23, 2017 to shareholders as of Oct 1, 2017.

$BAC {{ '2017-09-18T14:41:40+0000' | timeago}} • Announcement

$BAC authorized a regular quarterly cash dividend of $0.40625 per depositary share on the 6.50% Non-Cumulative Preferred Stock, Series Y. The dividend is payable on Oct 27, 2017 to shareholders as of Oct 1, 2017.

$BAC {{ '2017-09-18T14:39:22+0000' | timeago}} • Announcement

$BAC authorized a regular quarterly cash dividend of $18.125 per share on the 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L. The dividend is payable on Oct 30, 2017 to shareholders as of Oct 1, 2017.

$MET {{ '2017-09-15T15:09:03+0000' | timeago}} • Announcement

Life insurer $MET said it completed the acquisition of Logan Circle Partners, L.P. from $FIG, for approx. $250MM in cash. As of August 31, 2017, Logan Circle Partners had more than $37Bil in assets under management.

$FITB {{ '2017-09-15T14:41:07+0000' | timeago}} • Announcement

$FITB subsidiary Fifth Third Insurance Agency has signed an agreement to acquire Epic Insurance Solutions. The transaction, along with the previously announced acquisition of Integrity HR Inc. by Epic Insurance Solutions, is expected to close in fall 2017.

$XL {{ '2017-09-13T20:33:14+0000' | timeago}} • Announcement

$XL said XL Catlin's insurance operations appointed Roman Mosli as Underwriting Manager Casualty, Switzerland, Insurance. Mosli replaces Michael Rusch who steps down from his role as Underwriting Manager Casualty Switzerland, Insurance, effective immediately, in order to fully focus on his role as Country Manager Switzerland, Insurance.

$Y {{ '2017-09-13T13:29:25+0000' | timeago}} • Announcement

$Y's subsidiary Alleghany Insurance Holdings agreed to sell Pacific Compensation Insurance Co., an underwriter of workers' compensation insurance, primarily in California, to CopperPoint Mutual Insurance Co. for $150MM of total cash consideration. The transaction is expected to close at the end of the year.

$FITB {{ '2017-09-12T19:51:38+0000' | timeago}} • Announcement

$FITB said Fifth Third Securities Inc. acted as the exclusive financial advisor to Schafer Industries Inc. on its recent acquisition by HBM Holdings Co. With a long-term buy and build approach, HBM combines the benefits of both a strategic acquirer and a private equity firm to grow a diversified portfolio of businesses.

$SPGI {{ '2017-09-12T12:37:06+0000' | timeago}} • Announcement

$SPGI, a data provider to the capital and commodity markets, has taken a minority stake in Algomi, a fintech company, with offices in New York, Hong Kong and London. Algomi is the second minority fintech investment this year for S&P Global, following its stake in Kensho. S&P Global will have a seat on the Algomi BoD. Financial details are awaited.

$TRV {{ '2017-09-12T11:15:36+0000' | timeago}} • Announcement

$TRV estimates its catastrophe losses from Hurricane Harvey, including estimated recoveries from reinsurance, to be in the range of $375-750MM pre-tax and $245-490MM after-tax. The company also announced that it has temporarily suspended common share repurchases while it assesses losses from Hurricanes Harvey and Irma.

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