CNO Financial Group Inc (CNO.N)
2 Dec 2016
* CNO Financial Group Inc qtrly total revenue $1.01 billion versus $904.5 million
(The following statement was released by the rating agency) CHICAGO, September 30 (Fitch) Fitch Ratings is maintaining the ratings of CNO Financial Group Inc. (CNO) on Rating Watch Negative, following the company's announcement yesterday that it is recapturing its closed-block long-term care business that was reinsured by Beechwood Re Ltd. (Beechwood) since late 2013, and taking an associated charge estimated to be $55 million. A summary of all rating actions follows at the end of this rele
NEW YORK, Sept 29 CNO Financial Group Inc on Thursday said that two of its subsidiaries were terminating agreements with reinsurer Beechwood Re, after regulators in two states said that many assets managed by Beechwood were not compliant with insurance company guidelines because of exposure to troubled hedge fund manager Platinum Partners.
* CNO Financial Group announces termination of long-term care reinsurance agreements with Beechwood RE and recapture of assets, liabilities and policyholder administration
NEW YORK A U.S. insurance company that works with more than 70,000 elderly policy holders to meet their healthcare needs is aiming to cut all of its financial ties to troubled hedge fund manager Platinum Partners by the end of the year.
(The following statement was released by the rating agency) CHICAGO, August 03 (Fitch) Fitch Ratings has placed the ratings of CNO Financial Group Inc. (CNO) on Rating Watch Negative. The rating action follows recent reports of links between Beechwood Re Ltd. (Beechwood), a reinsurer of CNO Financial Group, Inc.'s (CNO) closed block long-term care business, and Platinum Partners, a hedge fund that is currently under investigation by federal authorities and is reportedly in the process of li
* CNO Financial Group names Jeff Kircher vice president, corporate finance and treasurer Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)
* Continue to expect medicare supplement benefit ratio to be in range of 70 percent to 73 percent during remainder of 2016