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Oct 2, 2008, 09:00 AM
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NEW YORK, Oct. 2, 2008 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, announced today that it has completed its acquisition of Signal Holdings LLC, a leading provider of wireless handset protection programs and repair services, from Trident II L.P., a private equity fund managed by Stone Point Capital LLC, and Signal Holdings' management for $250 million in cash. Signal Holdings, a privately held company headquartered in Wayne, Pa., generates annual revenues of approximately $330 million through servicing extended service contracts for 4.2 million wireless subscribers. The transaction, which was completed earlier today, expands Assurant Solutions' client portfolio and servicing capabilities in the wireless service contract market. Assurant expects the transaction to be accretive to earnings beginning in 2010. Assurant Solutions and Signal Holdings have been business partners since 2001 and share the
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Oct 1, 2008, 09:00 AM
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NEW YORK, October 1, 2008 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, will release its 2008 third quarter financial results on Thursday, October 30, 2008 before the market opens. The news release will be available on Assurant's Web site at www.assurant.com . The company will broadcast its 2008 third quarter conference call at 9:00 am (ET) on Thursday, October 30, 2008 with access available via internet and telephone. The teleconference is expected to last about one hour. Robert B. Pollock, president and chief executive officer; Michael J. Peninger, executive vice president and interim chief financial officer; Gene Mergelmeyer, president and chief executive officer, Assurant Specialty Property; Christopher J. Pagano, executive vice president, treasurer and chief investment officer; and Melissa Kivett, senior vice president, investor relations; will review the 2008 third quarter results. Following the
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Sep 30, 2008, 09:00 AM
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NEW YORK, September 30, 2008 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, announced today that it has appointed Stephen W. Gauster senior vice president and chief corporate counsel effective immediately. Mr. Gauster, 38, will report to Bart Schwartz, Assurant's executive vice president and chief legal officer, and will oversee Assurant's public company legal work, its risk management function and its corporate law practice group. Mr. Schwartz said: "Stephen is an accomplished corporate lawyer. His expertise in securities law, complex transactions and corporate governance with a major public insurance company and a major law firm make him ideally suited for this role." Before joining Assurant, Mr. Gauster was vice president, corporate counsel and assistant secretary of Prudential Financial, Inc. and general counsel and secretary of Prudential Funding, LLC. Before that, he was an associate in the
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Sep 29, 2008, 09:00 AM
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NEW YORK, September 29, 2008 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialized insurance and insurance-related products and services, today announced that it has completed its acquisition of the Warranty Management Group business from GE Consumer & Industrial, a unit of General Electric (NYSE:GE). The acquisition was completed on September 26, 2008. As part of the agreement, Assurant also entered into a new 10-year agreement to market extended warranties and service contracts on GE-branded major appliances in the United States. In 2003, Assurant Solutions and GE, two respected leaders in the extended service contract market, entered into an alliance whereby Assurant offered extended warranties directly to GE appliance purchasers and through leading retailers for consumer electronics, computers, appliances and other goods and services. Assurant will also assume full responsibility for operating the extended warranty business it previously co-managed and
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Sep 24, 2008, 09:00 AM
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Milwaukee, WI - September 24, 2008 - State Farm Insurance® and Assurant Health have renewed the national marketing alliance that makes Assurant Health's individual medical insurance products available through State Farm agents nationwide. The original alliance became official in July 2000 and marked the first time that State Farm had joined forces with a national health insurance provider. Highlights of the renewed marketing alliance include: A ten-year term with the option for either company to exit the alliance after five years. A marketing program that will expand sales opportunities for both State Farm agents and their licensed staff. "Over the past eight years, our alliance with Assurant Health has helped us meet the needs of our customers," said State Farm Executive Vice President, Administrative Officer – Life and Vice President – Health, Susan Waring, "The alliance allows us to offer a complete portfolio of quality individual medical insurance products – from traditional
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Sep 17, 2008, 09:00 AM
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NEW YORK, Sept. 17, 2008 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, today released an estimate of losses resulting from hurricanes Gustav and Ike as well as the impact of the recent financial market developments on certain holdings within its investment portfolio. Robert B. Pollock, Assurant's president and chief executive officer, said: "While Assurant has not been immune to the recent turmoil befalling the U.S. financial markets or an active hurricane season, we continue to have a solid balance sheet, a strong excess capital position, a conservative disciplined investment philosophy and a unique specialty business model that will continue to deliver long term value to our shareholders." Hurricane Experience To date, Assurant has incurred paid and case reserves of approximately $21 million on hurricane Gustav, and estimates total claims to be in the range of $40 to $60 million. The Company
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Sep 4, 2008, 09:00 AM
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NEW YORK, September 4, 2008 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialized insurance and insurance-related products and services, today announced that it has signed a definitive agreement with GE Consumer & Industrial, a unit of General Electric (NYSE: GE), for Assurant to acquire GE's Warranty Management Group (WMG) business, a unit that markets and sells extended warranties and service contracts for major appliances and consumer electronics. As part of the definitive agreement, Assurant will also enter into a new 10-year agreement to market extended warranties and service contracts on GE-branded major appliances domestically. In 2003, Assurant Solutions and GE, two respected leaders in the extended service contract market, entered into an alliance whereby Assurant offered extended warranties directly to GE appliance purchasers and through leading retailers for consumer electronics, computers, appliances and other goods and services.
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Aug 25, 2008, 09:00 AM
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NEW YORK, August 25, 2008 -- Assurant, Inc., a premier provider of specialty insurance and insurance-related products and services, announced today that it has appointed Jay M. Cohen to the position of senior vice president and chief compliance officer effective immediately.
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Aug 13, 2008, 09:00 AM
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NEW YORK, Aug. 13, 2008 -- Assurant, Inc., a premier provider of specialty insurance and insurance-related products and services, announced today that Jane Meyer has been appointed senior vice president, human resources, and Allen Walker has been appointed senior vice president, organizational development and corporate communications effective immediately. Both positions are newly created.
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Aug 12, 2008, 09:00 AM
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NEW YORK, August 12, 2008 -- Assurant, Inc., a premier provider of specialty insurance and insurance-related products and services, announced today that its board of directors has declared a quarterly dividend of $0.14 per common share.
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Aug 7, 2008, 09:00 AM
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NEW YORK, August 7, 2008 -- Assurant, Inc., a premier provider of specialized insurance and insurance-related products and services, today announced that it has purchased 1 million of its common shares from Fortis Insurance N.V. at a price, including transaction fees, of $59.00 per share for a total of $59.0 million. The $59.00 per share price compares to the Company's closing price of $59.49 on August 6, 2008. The shares were purchased in a private aftermarket block transaction.
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Jul 31, 2008, 09:00 AM
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NEW YORK/WAYNE, PA, July 31 -- Assurant, Inc., a premier provider of specialty insurance and insurance-related products and services, announced today that it has entered into an agreement with Signal Holdings LLC, a leading provider of wireless handset protection programs and repair services, to acquire the company's outstanding capital stock for $250 million in an all cash transaction from Trident II, L.P. and Signal Holdings' management.
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Jul 31, 2008, 09:00 AM
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NEW YORK, July 31, 2008 -- Assurant, Inc., a premier provider of specialized insurance and insurance-related products and services, today reported its results for the second quarter and first six months of 2008.
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Jun 18, 2008, 09:00 AM
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NEW YORK, June 18, 2008 -- Assurant, Inc., a premier provider of specialized insurance and insurance-related products and services, today announced that it has finalized the structure of its 2008 property catastrophe ("CAT") reinsurance program, effective for both January 1 and June 1, 2008.
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Jun 17, 2008, 09:00 AM
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NEW YORK, June 17, 2008 -- Assurant, Inc., a premier provider of specialty insurance and insurance-related products and services, will release its 2008 second quarter financial results on Thursday, July 31, 2008 before the market opens.
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May 16, 2008, 09:00 AM
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NEW YORK, May 16, 2008 -- Assurant, Inc., a premier provider of specialty insurance and insurance-related products and services, announced today that its board of directors has declared a quarterly dividend of $0.14 per common share, a 17% increase over the quarterly dividend declared on January 25, 2008, and a 100% increase over the company's first quarterly dividend of $0.07 per share declared on April 16, 2004.
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May 1, 2008, 09:00 AM
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NEW YORK, May 1, 2008 -- Assurant, Inc., a premier provider of specialized insurance and insurance-related products and services, today reported its results for the first quarter of 2008. Net income in the first quarter of 2008 increased 4% to $186.8 million, or $1.57 per diluted share, versus first quarter 2007 net income of $179.5 million, or $1.45 per diluted share.
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Apr 22, 2008, 09:00 AM
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NEW YORK, April 22, 2008 - Assurant, Inc., a premier provider of specialized insurance and insurance-related products and services, today announced that Bart Schwartz, 55, has joined the firm as executive vice president, chief legal officer and secretary, effective April 28, 2008. Mr. Schwartz will be responsible for Assurant's legal department and its compliance, government relations and internal audit functions.
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Mar 3, 2008, 09:00 AM
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NEW YORK, March 3, 2008 -- Assurant, Inc., a premier provider of specialty insurance and insurance-related products and services, announced today that it will host an investor workshop at its Assurant Solutions campus in Miami, Fla. on March 12, 2008. The workshop will provide investors an in-depth look at the target growth areas of the Assurant Solutions business.
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Feb 7, 2008, 09:00 AM
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NEW YORK, February 7, 2008 -- Assurant, Inc., a premier provider of specialized insurance and insurance-related products and services, today reported its results for the fourth quarter of 2007 and the twelve months ended December 31, 2007.
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