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S&P Affirms Validus' Rating, Revises Holding Co Outlook To Negative On AIG Deal

Monday, 22 Jan 2018 11:27am EST

Jan 22 (Reuters) - S&P: :S&P SAYS VALIDUS HOLDINGS RATINGS AFFIRMED; HOLDING CO OUTLOOK REVISED TO NEGATIVE ON ANNOUNCED ACQUISITION BY AIG.S&P SAYS REVISED OUTLOOK ON HOLDING CO OF VALIDUS TO NEGATIVE FROM STABLE, OUTLOOK ON OPERATING COS REMAINS STABLE; RATINGS ON AIG ARE UNAFFECTED.

AIG Says Validus To Pay Termination Fee Of $162 Mln‍​ If Merger Terminated Under Some Conditions

Monday, 22 Jan 2018 07:24am EST

Jan 22 (Reuters) - American International Group Inc ::AIG SAYS IF VALIDUS MERGER TERMINATED, IN SOME CONDITIONS, VALIDUS TO BE REQUIRED TO PAY AIG A TERMINATION FEE OF $162 MLN‍​ - SEC FILING.AIG - VALIDUS DEAL TO BE NEUTRAL TO BOOK VALUE, MODESTLY DILUTIVE TO TANGIBLE BOOK VALUE WITH "REASONABLE PAYBACK PERIOD".AIG - WILL EVALUATE FUNDING ALTERNATIVES‍​ FOR VALIDUS DEAL PRIOR TO CLOSING.AIG - VALIDUS DEAL MAY ACCELERATE UTILIZATION OF EXISTING AIG DTAS.

eHealth Announces Changes To Management Structure

Tuesday, 16 Jan 2018 04:10pm EST

Jan 16 (Reuters) - eHealth Inc ::EHEALTH, INC. ANNOUNCES CHANGES TO MANAGEMENT STRUCTURE.EHEALTH INC - DAVID FRANCIS, CO'S CHIEF FINANCIAL OFFICER AND CHIEF OPERATIONS OFFICER, WILL TAKE ON NEW ROLE OF CHIEF OPERATING OFFICER OF EHEALTH.EHEALTH INC - EHEALTH INTENDS TO COMMENCE A SEARCH FOR A NEW CHIEF FINANCIAL OFFICER.EHEALTH INC - FRANCIS WILL CONTINUE TO SERVE AS CHIEF FINANCIAL OFFICER UNTIL HIS REPLACEMENT IS NAMED.EHEALTH INC - ROBERT HURLEY WILL MOVE FROM PRESIDENT OF EHEALTH'S MEDICARE BUSINESS TO TAKE ROLE OF PRESIDENT, CARRIER AND BUSINESS DEVELOPMENT.

eHealth Announces Acquisition Of GoMedigap

Tuesday, 16 Jan 2018 04:10pm EST

Jan 16 (Reuters) - Ehealth Inc ::EHEALTH, INC. ANNOUNCES ACQUISITION OF GOMEDIGAP TO FURTHER ACCELERATE EXPANSION OF MEDICARE SUPPLEMENT STRATEGY.EHEALTH INC - ‍DEAL FOR $20 MILLION IN CASH AND EHEALTH COMMON STOCK​.EHEALTH INC - ‍EHEALTH EXPECTS ACQUISITION OF GOMEDIGAP TO BE ACCRETIVE TO COMBINED COMPANY'S EARNINGS​.EHEALTH INC - EXPECTS ACQUISITION OF GOMEDIGAP TO BE ACCRETIVE TO COMBINED COMPANY'S EARNINGS.EHEALTH INC - ‍EHEALTH EXPECTS TO FUND PURCHASE PRICE THROUGH EXISTING CASH BALANCES​.EHEALTH INC - ‍GOMEDIGAP'S CO-CEOS WILL JOIN EHEALTH EXECUTIVE TEAM AND WILL CONTINUE TO MANAGE GOMEDIGAP'S MEDICARE SUPPLEMENT BUSINESS​.

eHealth Sees Q4 2017 Revenue Of $39 Mln To $40 Mln

Tuesday, 16 Jan 2018 04:10pm EST

Jan 16 (Reuters) - eHealth Inc ::EHEALTH, INC. ANNOUNCES PRELIMINARY RESULTS FOR THE FOURTH QUARTER AND FISCAL YEAR 2017.SEES FY 2017 REVENUE $172.5 MILLION TO $173.5 MILLION.SEES Q4 2017 REVENUE $39 MILLION TO $40 MILLION.- ‍GAAP NET LOSS FOR Q4 2017 EXPECTED TO BE IN RANGE OF $23.5 MILLION TO $22.5 MILLION​.Q4 EARNINGS PER SHARE VIEW $-1.21, REVENUE VIEW $37.0 MILLION -- THOMSON REUTERS I/B/E/S.

Mercer Announces Acquisition Of BFC Asset Management In Japan

Tuesday, 16 Jan 2018 09:00am EST

Jan 16 (Reuters) - Marsh & Mclennan Companies Inc ::MERCER ANNOUNCES ACQUISITION OF BFC ASSET MANAGEMENT IN JAPAN.MARSH & MCLENNAN - TERMS OF AGREEMENT WERE NOT DISCLOSED..

Wethaq Takaful Board Appoints Abdul Rahman Al Swaidan as CEO

Tuesday, 16 Jan 2018 03:50am EST

Jan 16 (Reuters) - WETHAQ TAKAFUL INSURANCE CO ::BOARD APPOINTS ABDUL RAHMAN FAHAD AL SWAIDAN AS CEO.

India's ICICI Lombard General Insurance Co Dec-Qtr PAT Up 5.2 Pct

Tuesday, 16 Jan 2018 02:46am EST

Jan 16 (Reuters) - ICICI Lombard General Insurance Company Ltd ::DEC QUARTER PROFIT AFTER TAX 2.32 BILLION RUPEES VERSUS PROFIT OF 2.20 BILLION RUPEES LAST YEAR.DEC QUARTER NET PREMIUM EARNED 17.51 BILLION RUPEES VERSUS 15.43 BILLION RUPEES LAST YEAR.DEC QUARTER COMBINED RATIO 96 PERCENT VERSUS 106.6 PERCENT LAST YEAR.DEC QUARTER RETURN ON AVERAGE EQUITY 22.4 PERCENT VERSUS 20.4 PERCENT LAST YEAR.

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