Property & Casualty Insurance

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Genworth MI Canada Inc announces transition of Brian Hurley from Chairman and Chief Executive Officer to Executive Chairman; appoints new CEO and President

Thursday, 28 Aug 2014 05:11pm EDT

Genworth MI Canada Inc:Says Chairman and Chief Executive Officer, Brian Hurley after five years in his current roles will transit to newly created role of Executive Chairman effective Jan. 01, 2015.Appoints Stuart Levings, Chief Operating Officer of Genworth Canada will succeed Hurley and take on role of President and Chief Executive Officer effective Jan. 01, 2015.

Calliden Group Ltd reaffirms FY 2014 net profit guidance

Tuesday, 26 Aug 2014 11:00pm EDT

Calliden Group Ltd:Says that it is maintains its guidance of a net profit after tax of $7.5-9.5m for the FY 2014.

Steadfast Group Ltd enters into scheme implementation deed to acquire Calliden Group

Tuesday, 26 Aug 2014 11:00pm EDT

Steadfast Group Ltd:Says that it has entered into a scheme implementation deed (SID) with Calliden Group Limited to acquire all the issued shares of Calliden by scheme of arrangement.Calliden shareholders will receive a total of 46.5 cents per share if the Scheme is approved, consisting of cash consideration from Steadfast of 41.5 cents per share and a special fully franked dividend of 5.0 cents per share.Says based on 226.7 million issued shares, the Scheme values Calliden at $105.4 million and consists of $94.1 million cash consideration from Steadfast and an $11.3 million special dividend payment from Calliden.

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