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Multiline Insurance & Brokers

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Third offering of ASR shares by NLFI

Tuesday, 4 Apr 2017 12:28pm EDT

ASR Nederland NV : NLFI (stichting administratiekantoor beheer financiële instellingen), which is acting on behalf of the Dutch State, has announced its intention to sell up to 20,000,000 ordinary shares of its equity interest in co . Ordinary shares in this third offering represent 13.3 pct of the outstanding share capital of co .Once the transaction has been successfully completed, NLFI’s interest will decrease from 50.1 pct to 36.8 pct of the total outstanding share capital.

eHealth announces completion of strategic alternatives review

Friday, 24 Mar 2017 04:05pm EDT

eHealth Inc : eHealth, Inc. Announces completion of strategic alternatives review . eHealth Inc - eHealth received indications of interest to both acquire and invest in company during process .eHealth - Board has determined that "interests of company's stockholders are best served by focusing on execution of company's strategic business plan".

Assiteca to incorporate units Lertora F.lli e Courtman Insurance Brokers, CDM Insurance Brokers

Monday, 13 Mar 2017 07:12am EDT

Assiteca SpA :Board approves to incorporate units Lertora F.lli e Courtman Insurance Brokers and CDM Insurance Brokers.

Rand Merchant Investment posts 12 pct rise in HY normalised earnings from cont ops

Monday, 13 Mar 2017 02:00am EDT

Rand Merchant Investment Holdings Ltd : HY normalised earnings from continuing operations up 12% to 121.3 cents . HY normalised earnings from continuing and discontinued operations up 11% to 121.5 cents . Sale of RMI's investment in RMB Structured Insurance is expected to be completed by mid-March 2017 . Economic environment for period under review remained challenging . Increasing inflation, rising levels of unemployment and low consumer confidence contributed to muted household spending . Ongoing local political uncertainty has also negatively impacted investor confidence . Shareholders should expect a decrease in final dividend to be declared in September 2017 . RMI will incur significant additional funding costs on preference shares issued and loans incurred . Declare an interim dividend of 53.0 cents . Local growth in new business volumes and profit at RMI's existing investments expected to be affected by complex regulatory environment .International markets in which RMI's portfolio companies operate are also expected to face growth and stability issues.

Crawford & Co reports Q4 Non-GAAP earnings of $0.17/share for CRD-A

Monday, 27 Feb 2017 06:46am EST

Crawford & Co : Qtrly non-gaap diluted earnings per share of $0.17 for CRD-A . Reg-Crawford & company reports substantially improved 2016 results . Sees fy 2017 earnings per share $0.63 to $0.73 per CRD-A share . Sees fy 2017 revenue before reimbursements $1.1 billion to $1.13 billion . Qtrly revenues before reimbursements of $272.4 million, compared with $284.9 million for 2015 period . company expects to incur restructuring and special charges in 2017 totaling approximately $13.0 million pretax. . qtrly diluted earnings per share of $0.14 for CRD-A .sees 2017 earnings per share $0.55-$0.65 per CRD-B share; sees 2017 non-gaap earnings per share $0.78-$0.88 per CRD-A share, non-gaap earnings per share $0.71-$0.81 per CRD-B share.

Novae Group expects discount rate change to impact 2016 results

Monday, 27 Feb 2017 03:58am EST

Novae Group Plc - : Statement in response to the lord chancellor's review of the discount rate for personal injury claims . This change will have an impact on results of company for FY 2016 primarily as a result of its exposure to motor reinsurance business . Board will also be considering impact of this announcement when assessing appropriateness of a final dividend . Given non-recurring nature of this charge company expects no significant impact on profitability of ongoing business . Given company's strong reserving position, it holds sufficient reserve margin to absorb this impact . Has decided to defer its preliminary results announcement to 9 March 2017 to allow orderly update of audited results .Expect effect of rate change will be met in part through release of reserve margin and in part through a reduction in profits for 2016.

Tower notes Suncorp unsolicited off-market share offer

Tuesday, 21 Feb 2017 02:30pm EST

Tower Ltd : Tower notes Suncorp unsolicited off-market share offer . Suncorp Group acting through UBS, have approached shareholders seeking to initially buy up to a 19.99% stake in Tower . Offer at a fixed price of NZ$1.30 per share, with a view to escalating the offer to 100% of all shares . Board also reiterated that Tower insurance policies and the rights of policy holders remain unaffected . All policies and rights will remain with Tower Insurance Limited in event of a change in ownership of Tower Limited .Tower Chairman Michael Stiassny says board's advice to shareholders was to seek advice and not to sell their shares until board had fully reviewed offer.

Charles Taylor says acquires majority stake in insurance technology firm,Otak

Thursday, 9 Feb 2017 05:15am EST

Charles Taylor Plc : Charles Taylor - Insuretech acquires majority stake in insurance platform specialist . Acquired a majority stake in otak, an insurance technology platform business specialising in delegated authority solutions .Transaction includes intellectual property rights to otak's products, including tide, which has been embedded in insuretech's delegated authority solution..

Enstar Group announces reinsurance of £957 mln of RSA's legacy U.K. employer's liability business

Tuesday, 7 Feb 2017 07:06pm EST

Enstar Group Ltd : Announces reinsurance of £957 million of RSA'S legacy U.K. employer's liability business . One of its units signed agreement to reinsure RSA Insurance Group Plc's U.K. employers' liability legacy business . Enstar Group Ltd - Unit will assume gross insurance reserves of approximately £957 million (about $1.2 billion), relating to 2005 and prior year business .Transaction is subject to finalizing and effecting certain security arrangements.

Enstar Group announces reinsurance of £957 mln of RSA's legacy U.K. employer's liability business

Tuesday, 7 Feb 2017 06:41pm EST

Enstar Group Ltd : Announces reinsurance of £957 million of RSA'S legacy U.K. employer's liability business . One of its units signed agreement to reinsure RSA Insurance Group Plc's U.K. employers' liability legacy business . Enstar Group Ltd - Unit will assume gross insurance reserves of approximately £957 million (about $1.2 billion), relating to 2005 and prior year business .Transaction is subject to finalizing and effecting certain security arrangements.

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