CNO Financial Group Inc (CNO.N)
21 Feb 2017
* CNO financial group reports fourth quarter and full year 2016 results
(The following statement was released by the rating agency) CHICAGO, January 12 (Fitch) Fitch Ratings has removed CNO Financial Group Inc.'s ratings (CNO) from Rating Watch Negative, and affirmed the 'BBB-' Issuer Default Rating (IDR) and the Insurer Financial Strength (IFS) ratings for CNO's core insurance subsidiaries at 'BBB+'. The Rating Outlook is Stable. A full list of rating actions follows at the end of this release. Today's rating actions follow the company's announcement that it ha
* Cno financial group provides update on closed block long-term care business
* 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.