Insurance industry
Lehman Brothers, a leading investment bank, is reportedly exploring the possibility of forming an investor group to acquire the beleaguered Conseco Finance unit, formerly known as Green Tree Financial. The proposed deal, worth $750 million, would see Lehman pay $2.2 billion for 72 percent of the business, with Conseco
Insurance industry
Balboa Life & Casualty, a leading provider of insurance products and services for financial institutions, has partnered with Eloquent, Inc. to enhance its on-site customer training program. The Eloquent solution provides instant access to essential product and service information, enabling Balboa's customers to cut travel and achieve higher
Insurance industry
Dow Chemical Company (NYSE: DOW) has entered into a strategic alliance with Buildscape, Inc., a subsidiary of Riverside Group, Inc., to drive the growth of web-enabled business solutions for the global residential and light commercial building and construction industry. As a result, Riverside will retain a 35% investment in Buildscape,
Insurance industry
Aetna Life Taiwan, the first foreign life insurance company in Taiwan, has deployed an IBM business intelligence solution to improve its ability to market new products and meet customer demands. The data warehousing solution is designed to analyze customer database information, increase the company's knowledge of the competitive
Insurance industry
Conseco, a leading insurance and investment company, has completed a $1.3 billion receivables sale to Lehman Brothers and affiliates, as well as amended its repurchase and other financing facilities. The increased liquidity from these transactions has enabled Conseco Finance to repay approximately $500 million of intercompany indebtedness owed to
Insurance industry
Cumulus Media, the third-largest owner of radio stations in the US, saw its shares and bonds plummet last week after its auditor resigned, citing "material weaknesses" in the company's financial controls. Allied Waste's spread on its subordinated notes widened out to 1,000 basis
Insurance industry
A.M. Best Co., a leading insurance rating and information source, has taken note of the announcement by the ING Group regarding its definitive agreement to acquire ReliaStar Life's parent company, ReliaStar Financial Corp., for $5.1 billion in cash. The acquisition is expected to close in the
Insurance industry
Investor Broadcast Network (IBN), founded as Vcall in 1997, has become a leading provider of webcasting services for corporate investor conferences. The company's platform allows over 450,000 registered users to access live and archived webcasts of investor events from more than 600 public companies. IBN's
Insurance industry
Investor Broadcast Network (IBN), previously known as Vcall, announced that several prominent companies will broadcast their investor communication conference calls over the Internet, marking a significant expansion of its webcasting services. This move enables the public to access corporate earnings conference calls from over 600 public companies, providing a unique
Insurance industry
The Zurich American Insurance Company, primary insurer for Microsoft, has filed a lawsuit in federal court in Washington to avoid covering the company's mounting legal bills associated with antitrust and class action cases. Microsoft's policy is designed to cover bodily injury, property damage, and personal injury,
Insurance industry
Conseco's attempts to reassure analysts and investors about its financial situation have been met with skepticism as the company's stock continues to plummet. Following the announcement of the sale of its financial division and a restatement of last year's earnings, Conseco released two press
Insurance industry
The Australian financial group is preparing to enter the UK market aggressively, with Abbey National emerging as its first potential takeover target. National Australia Bank is seeking a separate stock market listing for its European operations, which include Clydesdale Bank, on the London stock exchange. This dual listing will provide
