$ORI (Old Republic International Corporation)

$ORI {{ '2016-05-12T18:45:20+0000' | timeago}} • Announcement

Property insuance company $ORI said its BoD declared a quarterly cash dividend on the common stock of $0.1875 per share. This dividend is payable June 15, 2016, to shareholders of record on June 3, 2016. Subject to Board approval of each quarter's new rate, the full year's cash dividend will amount to $0.75 per share compared to $0.74 paid in 2015.

$RNR {{ '2018-01-19T14:34:07+0000' | timeago}} • Announcement

RenaissanceRe Ventures Ltd., a subsidiary of $RNR, agreed to buy a minority shareholding in Catalina. The agreement is expected to close concurrently with the majority acquisition of Catalina by affiliates of Apollo Global Management. Aditya Dutt, President of Renaissance Underwriting Managers Ltd., will join the Catalina BoD.

$WFC {{ '2018-01-17T19:29:42+0000' | timeago}} • Announcement

$WFC announced that Senior Executive Vice President Mike Loughlin will retire as the company's Chief Risk Officer. The company expects to name a successor in the next few months and Loughlin will remain in his current role through the transition.

$WFC {{ '2018-01-17T11:46:10+0000' | timeago}} • Webcast

While $WFC's expenses continue to increase on higher litigation accruals and other growth investments, the bank said it is still committed to its target of $4Bil in expense reductions. It also expects to bring its efficiency ratio down to 59% by the end of 2018.

$WFC {{ '2018-01-17T11:45:02+0000' | timeago}} • Webcast

After a series of scandals over the past year, $WFC is now trying to gain confidence of its customers and build long-term relationships. In 2017, the bank has launched numbers of programs and initiatives, such as Automatic zero balance alerts and Overdraft Rewind, which has already helped over 350,000 customers avoid overdraft charges.

$XL {{ '2018-01-16T13:57:27+0000' | timeago}} • Announcement

$XL appointed Leila Madeiros, SVP, Deputy Director and Corporate Secretary of the Association of Bermuda Insurers and Reinsurers, as Head of Compliance & Regulatory Affairs, Bermuda. Madeiros will report to Sean McGovern, $XL's Chief Compliance Officer & Head of Government & Regulatory Affairs and will be a member of his leadership team.

$WFC {{ '2018-01-12T15:28:20+0000' | timeago}} • Announcement

The US corporate tax cuts has saved $WFC about $3.35Bil in 4Q17, but the bank had to set aside $3.25Bil in the quarter to pay for legal costs related to mortgage-related regulatory investigations, sales practices, and other consumer-related matters. The banking giant reported a 17% earnings growth and a 2% revenue growth for 4Q17.

$WFC {{ '2018-01-12T14:10:42+0000' | timeago}} • Infographic

$WFC Wells Fargo & Company Earnings AlphaGraphic: Q4 2017 Highlights

$RGA {{ '2018-01-11T15:21:05+0000' | timeago}} • Announcement

$RGA and $RNR launched Langhorne Re, a global reinsurer targeting large in-force life and annuity blocks. Langhorne Re will combine a long-term capital base with underwriting and third-party capital management support from $RGA and $RNR to purchase large in-force life and annuity blocks, allowing clients to optimize their capital management.

$XL {{ '2018-01-11T13:34:39+0000' | timeago}} • Announcement

$XL said that due to the recent wildfires in Southern California it is estimating natural catastrophe net losses of about $45MM and about $20MM related to other events. The estimated losses are evenly split between $XL's Insurance & Reinsurance segments. $XL also reaffirmed its previously disclosed aggregate net losses related to 3Q17 catastrophes.

$CB {{ '2018-01-10T17:13:16+0000' | timeago}} • Announcement

$CB appointed Veronique Brionne to the newly-created role of SVP, Accident & Health (A&H), Continental Europe effective immediately. Additionally, Andrew Nisbet was appointed SVP, A&H UK&I. Nisbet will have overall responsibility for A&H in the UK&I and also for growing the business in Eurasia and Africa.

$XL {{ '2018-01-09T14:10:18+0000' | timeago}} • Announcement

XL Catlin, a unit of insurance firm $XL, has appointed Simon Price as Head of Mergers and Acquisitions, Insurance, EMEA. Price had been working for Marsh's Private Equity and M&A practice, with the most recent role being Head of the company's UK Transaction Risk Team. Earlier, he was engaged in private legal practice in London for 10 years.

$WRB {{ '2018-01-05T19:42:17+0000' | timeago}} • Announcement

$WRB announced the appointment of David R. Lockhart as President of Gemini Transportation Underwriters, a Berkley Company. Mr. Lockhart succeeds Rocco P. Modafferi, who has been named Chairman of Gemini. The appointments are effective immediately.

$XL {{ '2018-01-05T11:49:49+0000' | timeago}} • Announcement

XL Catlin, a unit of $XL, has appointed Todd Wilhelm as Regional Product Leader of Energy, Property and Construction for Asia Pacific. Most recently, Wilhelm served QBE Insurance as Chief Underwriting Operations Officer. Earlier, he had worked at ACE Insurance and FM Global.

$XL {{ '2018-01-03T22:14:28+0000' | timeago}} • Announcement

$XL announced that Jacob Rosengarten, Group Chief Enterprise Risk Officer, retired effective December 31, 2017. Fielding Norton, who previously held the position of Deputy Chief Enterprise Risk Officer, has been appointed as his successor, subject to Bermuda immigration approval.

$AFG {{ '2018-01-02T22:00:07+0000' | timeago}} • Announcement

$AFG has declared a regular dividend of $0.35 per share of common stock. The dividend is payable on January 25, 2018 to holders of record on January 15, 2018.

$ORI {{ '2017-12-28T20:58:50+0000' | timeago}} • Announcement

$ORI has appointed Jeffrey Lange as Senior Vice President/Underwriting & Distribution of the Old Republic General Insurance Group, Inc. The appointment takes effect on January 2, 2018.

$CB {{ '2017-12-22T19:43:58+0000' | timeago}} • Announcement

$CB said it has authorized up to $1Bil of share repurchases through Dec. 31, 2018. The company's current share repurchase authorization expires Dec. 31, 2017.

$RNR {{ '2017-12-22T14:40:34+0000' | timeago}} • Announcement

$RNR conducted a preliminary assessment of the Tax Cuts and Jobs Act of 2017. Due to the reduction in the corporate tax rate from 35% to 21% effective Jan. 1, 2018, $RNR anticipates it will write down a portion of its deferred tax asset and expects this write-down to reduce net income by approx. $40MM in the period in which the Tax Bill is enacted.

$ORI {{ '2017-12-21T20:50:34+0000' | timeago}} • Announcement

Insurance firm $ORI has declared a special cash dividend of $1.00 per share on its common stock. The dividend is payable on January 31, 2018, to shareholders of record on January 10, 2018.

$TRV {{ '2017-12-19T16:28:30+0000' | timeago}} • Announcement

Travelers Europe, a unit of $TRV, said it will apply to the Central Bank of Ireland for authorisation of a new insurance subsidiary. Based in Dublin, this new unit will enable $TRV to continue to seamlessly serve its customers and broking partners in Ireland and across Europe when the UK exits the European Union, as currently planned in March 2019.

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