$UIHC (United Insurance Holdings Corp.)

$UIHC {{ '2016-08-18T15:39:51+0000' | timeago}} • Announcement

$UIHC said the combination will have greater market presence, growth potential and earnings power than the sum of the two companies separately. The transaction is expected to immediately add to $UIHC's EPS and ROE. The combined entity will have over $1Bil of premium in force.

$TMP {{ '2017-07-21T15:53:00+0000' | timeago}} • Announcement

Financial services firm $TMP has declared a quarterly cash dividend of $0.45 per share. The dividend is payable on August 15, 2017, to shareholders of record on August 1, 2017.

$BAC {{ '2017-07-18T18:18:01+0000' | timeago}} • Webcast

$BAC said it does not consider M&A as a capital strategy. It said the company has been grown organically by investing in cash major capabilities and hence, it does not want to be distracted by acquisitions.

$BAC {{ '2017-07-18T17:11:25+0000' | timeago}} • Webcast

$BAC said total loans in 2Q17 were up 2% YoY, adding that sale of UK card lowered average loan by 2.9Bil. Loan growth was reduced by continued run-off consumer real estate loans during the quarter. However, loans in the business segment were up $39Bil or 5%, led by consumer banking. $BAC continues to see good growth in residential mortgages.

$TRV {{ '2017-07-18T14:16:51+0000' | timeago}} • Announcement

$TRV launched its IntelliDrive smartphone app, which allows customers to better understand their driving habits and get auto insurance priced according to their driving habits. Customers who use the app and drive safely can save up to 20% and will receive feedback on improving their driving skills and savings.

$BAC {{ '2017-07-18T13:11:59+0000' | timeago}} • Infographic

$BAC Bank of America Corporation Earnings AlphaGraphic: Q2 2017 Highlights

$BAC {{ '2017-07-18T12:24:18+0000' | timeago}} • Announcement

Revenue increased 9% to $8.5Bil in $BAC's Consumer Banking segment in 2Q17. Meanwhile, revenue rose 6% to $4.7Bil in Global Wealth and Investment Management, and 7% to a record $5Bil in Global Banking. Global Markets was a dark spot, with a revenue decline of 8% to $3.9Bil, driven by lower sales and trading results.

$BAC {{ '2017-07-18T12:12:51+0000' | timeago}} • Announcement

$BAC, the second-largest US lender by assets, said its sales and trading revenue was $3.2Bil in 2Q17, including negative net debit valuation adjustment of $159MM. Excluding net DVA, sales and trading revenue was down 9%YoY. Meanwhile, fixed income trading unit showed a decline of 14% during the quarter.

$BAC {{ '2017-07-18T12:03:28+0000' | timeago}} • Announcement

Despite a fall in trading, banking major $BAC reported higher revenue and net income in 2Q17, helped by growth in its largest unit - Consumer Banking. Total revenue grew 7% to $22.8Bil, while net income increased 10% to $4.9Bil, or $0.46 per share. Meanwhile, net interest income rose 9% to $11Bil, reflecting benefits from higher interest rates.

$AIG {{ '2017-07-13T13:23:56+0000' | timeago}} • Announcement

$AIG appointed appointment of Seraina Macia as EVP and CEO of a new planned subsidiary that aims to transform the way that $AIG delivers and underwrites commercial insurance. The appointment is effective immediately. Macia will report to $AIG President and CEO Brian Duperreault, and serve on the company's Executive Leadership Team (ELT).

$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.

$XL {{ '2017-07-12T12:08:52+0000' | timeago}} • Announcement

XL Catlin, a $XL company, said its insurance operation in Iberia appointed Carlota Martinez and Antonio Prior to its Financial Lines team in Madrid as Senior Underwriters, and that Silvia Fernandez has been promoted to Junior Underwriter. All three will report to Ana Dores, Financial Lines Underwriting Manager based in Madrid.

$XL {{ '2017-07-11T11:49:53+0000' | timeago}} • Announcement

$XL's global brand XL Catlin appointed Ashish Umre as Accelerate Partner, Artificial Intelligence, based in London. Accelerate is XL Catlin's internal disruption and innovation team. Umre is responsible for developing XL Catlin's participation in AI projects working with partner start-ups to understand and develop their technical capabilities.

$XL {{ '2017-07-07T12:46:01+0000' | timeago}} • Announcement

Insurance firm $XL said a total of $420.26MM of aggregate principal amount of securities were tendered in a tender offer by the company’s subsidiary XLIT Ltd. The tender offer is relating to the securities of XL-Cayman and XL Group subsidiary Catlin Insurance Company.

$ICE {{ '2017-07-06T21:51:43+0000' | timeago}} • Announcement

$ICE has appointed Warren Gardiner as VP of Investor Relations effective July 17. He will succeed Kelly Loeffler, who will continue to lead global marketing and communications as an SVP and a member of $ICE’s executive management committee. Gardiner joins $ICE from Evercore ISI.

$AIG {{ '2017-07-05T21:53:35+0000' | timeago}} • Announcement

$AIG announced the appointment of Peter Zaffino as EVP, Global COO effective August 1, 2017. Mr. Zaffino was previously the CEO of Marsh LLC.

$AIG {{ '2017-06-29T13:40:36+0000' | timeago}} • Announcement

Shareholders of $AIG elected 13 directors at its annual meeting. The shareholders also voted to support each of the four proposals recommended by $AIG's BoD.

$BAC {{ '2017-06-29T13:13:13+0000' | timeago}} • Announcement

$BAC received no objection from the Federal Reserve for its capital plan. The plan includes its intention to lift quarterly dividend by 60% to $0.12 per share, beginning in 3Q17, and its authorization to repurchase of $12Bil of common stock from July 1, 2017 through June 30, 2018.

$XL {{ '2017-06-26T21:19:28+0000' | timeago}} • Announcement

$XL subsidiary XL-Cayman has waived financing condition of tender offers relating to its Series D Preference Ordinary Shares, Series E Preference Ordinary Shares and 5.5% Subordinated Notes due 2045 as well as Non-Cumulative Preference Preferred Shares of Catlin. XL also amended the price determination date of the 2045 Notes Offer to June 30, 2017.

$XL {{ '2017-06-23T10:42:11+0000' | timeago}} • Announcement

$XL subsidiary XLIT Ltd. has priced a public offering of €500MM aggregate principal amount of Fixed to Floating Rate Subordinated Notes due 2047. The offering is expected to close on June 29, 2017, subject to customary closing conditions. The company expects to receive net proceeds from the offering of approximately €490MM.

$XL {{ '2017-06-22T14:27:10+0000' | timeago}} • Announcement

$XL’s Excess & Surplus insurance team has named Caitlin Murphy as Eastern Regional Vice President, E&S Property. Ms. Murphy will report to Stephen Oh, President of XL Catlin’s multi-line E&S insurance business.

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