$AIZ (Assurant Inc.)

$AIZ {{ '2016-06-08T05:17:59+0000' | timeago}} • Announcement

Insurance company $AIZ said it will partner with SaaS provider MyDigitalShield (MDS) to help protect small businesses against losses from data breaches. $AIZ will provide support for MDS' data breach guarantee, protecting small businesses against the costs associated with data and system restoration and other expenses in the event of a breach.

$AIZ {{ '2018-01-19T17:18:39+0000' | timeago}} • Announcement

$AIZ's BoD declared a quarterly dividend of $0.56 per share of common stock. The dividend will be payable on March 19, 2018 to stockholders of record as of the close of business on Feb. 26, 2018.

$AIZ {{ '2018-01-09T17:20:28+0000' | timeago}} • Announcement

Under $AIZ’s amended deal structure, TPG Capital and its affiliates will receive 10.4MM $AIZ shares or approx. 19.8% of current shares outstanding. In exchange for fewer $AIZ shares, TPG Capital will receive increased cash consideration, totaling approx. $850MM. $AIZ also entered into a new commitment letter for a $1.5Bil bridge facility.

$AIZ {{ '2018-01-09T17:20:14+0000' | timeago}} • Announcement

$AIZ will acquire TWG Holdings Limited. The acquisition is expected to be modestly accretive to 2018 $AIZ operating EPS on a run-rate basis, and significantly more accretive excluding the amortization of transaction-related intangible assets.

$AIZ {{ '2018-01-09T17:19:59+0000' | timeago}} • Announcement

$AIZ and The Warranty Group, a portfolio company of TPG Capital, have amended the structure of their $2.5Bil transaction. $AIZ will acquire TWG Holdings Limited and subsidiaries, and remain a Delaware corporation. The deal is expected to close in 2Q18, and is valued at $1.9Bil in equity value or $2.5Bil of enterprise value, including existing debt.

$AIZ {{ '2017-11-03T18:47:35+0000' | timeago}} • Infographic

$AIZ Assurant Inc. Earnings AlphaGraphic: Q3 2017 Highlights

$AIZ {{ '2017-10-18T16:18:00+0000' | timeago}} • Announcement

$AIZ, which provides risk management solutions, has signed a definitive agreement with warranty solutions provider Warranty Group to combine their operations. As per the terms of the $2.5Bil deal, Assurant shareholders will retain majority ownership of the combined entity. The transaction is expected to close in the first half of 2018.

$AIZ {{ '2017-09-11T16:40:40+0000' | timeago}} • Announcement

$AIZ expects Hurricane Harvey's impact to result in $134-140MM pre-tax of reportable catastrophe losses for its Global Housing business unit and will be reflected in its 3Q17 results. $AIZ expects gross losses from Hurricane Irma will exceed its retention of $125MM pre-tax but will remain within its comprehensive reinsurance program.

$AIZ {{ '2017-08-15T15:09:10+0000' | timeago}} • Announcement

$AIZ has appointed Carey Roberts as EVP, Chief Legal Officer and Corporate Secretary, effective Oct 30. She will be responsible for Assurant’s legal department, including compliance, government relations, internal audit and all other legal matters. Roberts succeeds Bart Schwartz, who earlier this year announced his intention to retire at year-end.

$AIZ {{ '2017-08-07T14:01:27+0000' | timeago}} • Announcement

$AIZ, provider of risk management solutions, has announced the appointment of Harriet Edelman, Vice Chairman of Emigrant Bank, and Debra Perry, former Senior MD of  Moody’s Investors Service, to its BoD with immediate effect. The board named Edelman to its Compensation Committee and Perry to its Finance & Risk Committee.

$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.

$AIZ {{ '2017-05-15T14:35:46+0000' | timeago}} • Announcement

$AIZ appointed Daniel Pacicco as SVP, Chief Accounting Officer and Controller, effective June 1, 2017. Most recently, Pacicco served as SVP, finance for the North American operations of $CB, after holding many roles in over two decades with The Chubb Corporation.

$AIZ {{ '2017-05-02T21:07:10+0000' | timeago}} • Announcement

Risk manager $AIZ reported 34.6% decline in 1Q17 earnings. The results were impacted by lower net realized gains on investment associated with the sale of Assurant Employee Benefits. Net income fell to $143.8MM, or $2.53 per share from $220MM, or $3.34 per share in 1Q16. Revenues fell to $1.55Bil from $2.14Bil.

$AIZ {{ '2017-02-13T12:13:30+0000' | timeago}} • Announcement

$AIZ completed a transaction for a majority interest in Olivar Co. Ltd., a provider of mobile device lifecycle management and disposition in South Korea. The transaction strengthens $AIZ's leadership in mobile device protection by enhancing its ability to deliver mobile phone insurance products and services.

$AIZ {{ '2017-02-08T17:36:14+0000' | timeago}} • Webcast

$AIZ's net operating income was down YoY in 4Q16, hurt by higher reportable catastrophes and lender-placed normalization. For 2017, $AIZ expects to grow operating EPS, excluding catastrophe losses, by double digits. Over the long-term, the company estimates to grow net operating income and generate 15% average annual growth in operating EPS.

$AIZ {{ '2017-02-08T17:35:37+0000' | timeago}} • Webcast

Beginning in 4Q16, $AIZ revised its reportable segments to align with the company’s new global operating model. The new reportable segments are Global Housing, Global Lifestyle, Global Preneed and Corporate.

$AIZ {{ '2017-02-07T21:57:28+0000' | timeago}} • Announcement

Risk manager $AIZ reported lower 4Q16 earnings, mainly due to $20.7MM net realized losses on investments. Net income fell to $31.3MM, or $0.54 per share, compared to $65.7MM, or $0.97 per share during 4Q15.

$AIZ {{ '2017-01-25T12:24:34+0000' | timeago}} • Announcement

$AIZ announced new reportable segments to align with the company’s evolved global operating model resulting from its multi-year transformation. Starting in 4Q16, $AIZ will have four reportable segments, including Global Housing, Global Lifestyle, Global Preneed, and Corporate & Other.

$AIZ {{ '2017-01-18T11:38:23+0000' | timeago}} • Announcement

$AIZ announced changes to its legal department. Bart Schwartz, chief legal officer, will retire at end of 2017. $AIZ has launched a comprehensive search and expects to name a successor prior to his departure. Also, Gregory DeChurch has been promoted to SVP and deputy general counsel, and Doris Vigo has been named SVP and chief compliance officer.

$AIZ {{ '2017-01-04T17:45:38+0000' | timeago}} • Announcement

$AIZ agreed to buy Green Tree Insurance Agency from a subsidiary of Walter Investment Management for $125MM in cash with a potential earnout of up to $25MM, based on future performance. $AIZ expects the transaction to close in 1Q17. The acquisition will have minimal impact to $AIZ's GAAP earnings in 2017.

$AIZ {{ '2016-11-14T15:57:46+0000' | timeago}} • Announcement

$AIZ's BoD approved a quarterly dividend increase of $0.03 to $0.53 per common share, payable on Dec. 12, 2016 to stockholders of record on Nov. 28, 2016. The board also authorized the repurchase of up to an additional $600MM of its common stock, bringing the total authorization to about $753MM.

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