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Mar 24, 2010, 09:00 AM
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NEW YORK, March 24, 2010 -- Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, announces that Dr. Robert J. Blendon, Sc.D., resigned from its Board of Directors, effective March 19, 2010.
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Feb 3, 2010, 09:00 AM
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NEW YORK, Feb. 3, 2010 -- Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, today reported results for the fourth quarter and twelve months ended Dec. 31, 2009.
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Jan 25, 2010, 09:00 AM
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NEW YORK, Jan. 25, 2010 -- Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, announces that its board of directors has declared a quarterly dividend of $.15 per share of common stock... In a separate action, the board also authorized an additional $600 million for the repurchase of Assurant shares. This brings the Company's total repurchase authorization to $770 million for use in the open market and/or for private transactions.
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Jan 21, 2010, 09:00 AM
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NEW YORK, Jan. 21, 2010 -- Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, announced today that it has entered into a settlement with the U.S. Securities and Exchange Commission ("SEC") that concludes the SEC's finite reinsurance investigation of Assurant. The SEC made no allegation of fraud on Assurant's part. Rather, the SEC alleges that, in connection with its accounting for a recovery under a catastrophe reinsurance arrangement that expired in 2004, the Company violated certain non-fraud-related sections of the Securities Exchange Act of 1934. Assurant neither admits nor denies the SEC's allegations.
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Jan 9, 2010, 09:00 AM
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NEW YORK, Sept. 1, 2010 -- Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, announces today that Michael J. Peninger, executive vice president and chief financial officer, will present an overview of the company and answer questions from participants during the Keefe, Bruyette & Woods Insurance Conference in New York on Wednesday, Sept. 8, 2010 at 8:15 a.m. ET.
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Jan 4, 2010, 09:00 AM
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NEW YORK, Jan. 4, 2010 -- Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, will release 2009 fourth quarter and year-end financial results on Wednesday, Feb. 3, 2010 after the market closes with the news release available on Assurant's Web site at www.assurant.com . Assurant's 2009 fourth quarter conference call follows the next morning, Thursday, Feb. 4, 2010, at 9:00 a.m. ET and is expected to last one hour.
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Nov 13, 2009, 09:00 AM
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NEW YORK, Nov. 13, 2009 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, announces that its board of directors has declared a quarterly dividend of $.15 per share of common stock. The dividend will be payable on Dec. 14, 2009 to stockholders of record as of the close of business on Nov. 30, 2009. Future dividend declarations will be made at the discretion of the Assurant board of directors and will be based on such factors as the company's earnings, financial condition, cash requirements, future prospects and other factors. Assurant is a premier provider of specialized insurance products and related services in North America and selected international markets. Its four key businesses - Assurant Solutions, Assurant Specialty Property, Assurant Health, and Assurant Employee Benefits - have partnered with clients who are leaders in their industries and have built leadership positions in a number of specialty
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Oct 28, 2009, 09:00 AM
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NEW YORK, Oct. 28, 2009 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialized insurance and insurance-related products and services, today reported results for the third quarter and first nine months of 2009. Third Quarter Results Net income in the third quarter 2009 was $144.7 million, or $1.22 per diluted share, versus a net loss of $111.4 million, or ($0.94) per diluted share, in the third quarter 2008. Quarterly results benefited from a $12.9 million after-tax realized gain in the investment portfolio versus a $194.5 million after-tax loss in the third quarter 2008. In addition, there were no reportable catastrophe losses compared to $94.8 million after-tax of reportable catastrophe losses and reinstatement premiums in the third quarter 2008. Net operating income 1 for the third quarter 2009 was $126.2 million, or $1.07 per diluted share, compared to third quarter 2008 net operating income of $83.1 million, or $0.70 per diluted share. The improvement
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Oct 23, 2009, 09:00 AM
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NEW YORK, Oct. 23, 2009 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, will release 2009 third quarter financial results on Wednesday, Oct. 28, 2009 after the market closes as previously announced. The news release will be available on Assurant's Web site at www.assurant.com . The company's 2009 third quarter conference call originally scheduled for 9:00 a.m. ET on Thursday, Oct. 29, 2009 will now be held at 8:00 a.m. ET with access available via Internet and telephone. This change was made to better accommodate investors and analysts. The teleconference is expected to last about one hour. Robert B. Pollock, president and chief executive officer, Michael J. Peninger, executive vice president and chief financial officer, Christopher J. Pagano, executive vice president, treasurer and chief investment officer, and Melissa Kivett, senior vice president, investor relations, will review the 2009 third quarter
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Sep 22, 2009, 09:00 AM
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NEW YORK, Sept. 22, 2009 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, will release 2009 third quarter financial results on Wednesday, Oct. 28, 2009 after the market closes. The news release will be available on Assurant's Web site at www.assurant.com . The company will broadcast its 2009 third quarter conference call at 9:00 a.m. ET on Thursday, Oct. 29, 2009 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 chief financial officer, Christopher J. Pagano, executive vice president, treasurer and chief investment officer, and Melissa Kivett, senior vice president, investor relations, will review the 2009 third quarter results. Following the review, there will be a question and answer session. Investors and analysts may participate in the live
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Sep 14, 2009, 09:00 AM
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NEW YORK, Sept. 14, 2009 — Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, announces today that Gene Mergelmeyer, president and chief executive officer, Assurant Specialty Property, is scheduled to present at the 2009 Bank of America Merrill Lynch Smid Cap Conference in Boston on Monday, Sept. 21, 2009 at 8:50 a.m. EDT. Mr. Mergelmeyer's presentation will be available on Assurant's Web site at www.assurant.com. After connecting to the home page, click on Investor Relations, then Events, to access the 2009 Bank of America Merrill Lynch Smid Cap Conference webcast. Slides of Mr. Mergelmeyer's presentation will be posted on the company's Web site for viewing shortly before the presentation begins. An archive of the webcast will be available. Assurant is a premier provider of specialized insurance products and related services in North America and selected international markets. Its four key businesses -
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Jul 29, 2009, 09:00 AM
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New York, July 29, 2009 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialized insurance and insurance-related products and services, today reported results for the second quarter and first six months of 2009. Second Quarter Results Net income in the second quarter of 2009 increased 2 percent to $193.3 million, or $1.63 per diluted share, versus net income of $190.0 million, or $1.59 per diluted share, in the second quarter 2008. The second quarter results benefited from $85.0 million of after-tax income related to a legal settlement. Improving credit markets increased the fair value of invested assets and realized losses and other-than-temporary-impairments ("OTTI") were lower. Net operating income1 for the second quarter 2009 decreased 47 percent to $99.3 million, or $0.84 per diluted share, compared to second quarter 2008 net operating income of $185.8 million, or $1.55 per diluted share. The decrease was primarily driven by losses at Assurant Health and
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Jul 23, 2009, 09:00 AM
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NEW YORK, July 23, 2009 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, announces that its board of directors has declared a quarterly dividend of $.15 per share of common stock. The dividend will be payable on Sept. 15, 2009 to stockholders of record as of the close of business on Aug. 31, 2009. Future dividend declarations will be made at the discretion of the Assurant board of directors and will be based on such factors as the company's earnings, financial condition, cash requirements, future prospects and other factors. Assurant is a premier provider of specialized insurance products and related services in North America and selected international markets. Its four key businesses - Assurant Solutions, Assurant Specialty Property, Assurant Health, and Assurant Employee Benefits - have partnered with clients who are leaders in their industries and have built leadership positions in a number of
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Jul 1, 2009, 09:00 AM
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NEW YORK, July 1, 2009 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, today announces the appointment of Lawrence V. Jackson, former president and chief executive officer, global procurement division, Wal-Mart Stores, Inc. ("Wal-Mart"), to its board of directors, effective July 1, 2009. "Lawrence Jackson is a highly respected executive who brings nearly 30 years of management experience to the Assurant board of directors," says Robert B. Pollock, Assurant's president and chief executive officer. "His senior leadership roles with some of the world's biggest and best known consumer-based companies make him a valued new advisor, as we continue to build upon our diversified, specialty insurance strategy." Jackson, 55, currently serves as senior advisor with New Mountain Capital, LLC, a private equity fund based in New York. When he served as president and chief executive officer of Wal-Mart's global
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Jun 22, 2009, 09:00 AM
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NEW YORK, June 22, 2009 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, will release 2009 second quarter financial results on Wednesday, July 29, 2009 after the market closes. The news release will be available on Assurant's Web site at www.assurant.com . The company will broadcast its 2009 second quarter conference call at 9:00 a.m. ET on Thursday, July 30, 2009 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 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 2009 second quarter results. Following the review, there
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Jun 12, 2009, 09:00 AM
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Jun 12, 2009, 09:00 AM
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NEW YORK, June 12, 2009 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialized insurance and insurance-related products and services, today announced that it has finalized the structure of its 2009 property catastrophe reinsurance ("CAT") program, effective for both January 1, 2009 and June 1, 2009. Gene Mergelmeyer, president and chief executive officer of Assurant Specialty Property says, "Catastrophe reinsurance is a key component of our overall risk management program. It helps protect the capital base of our company and provides stability that enables us to effectively serve our clients and their customers." In structuring the CAT program, Assurant applies a disciplined risk management process that incorporates multiple catastrophe models to evaluate the estimated loss potential from various perils, analysis of reinsurance costs relative to the coverage provided, and evaluation of the credit quality, financial strength and claims paying ability of the
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May 15, 2009, 09:00 AM
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NEW YORK, May 15, 2009 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, today announced that its board of directors declared a quarterly dividend of $.15 per share of common stock. This represents a seven percent increase above the quarterly dividend of $.14 per share, declared on Jan. 23, 2009. The dividend will be payable on June 9, 2009 to stockholders of record as of the close of business on May 26, 2009. "Despite the global economic slowdown, where many companies have trimmed or cut their dividends completely, Assurant is pleased to be able to increase its quarterly dividend for the fifth straight year," says Robert B. Pollock, Assurant's president and chief executive officer. "We believe this increase reflects our continued strong capital position, our ability to generate solid cash flows through our diversified portfolio of specialty insurance businesses and the disciplined capital management
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May 5, 2009, 09:00 AM
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NEW YORK, May 5, 2009 - Assurant, Inc. (Assurant) (NYSE: AIZ), a premier provider of specialized insurance and insurance-related products and services, announced today that certain of its subsidiaries have entered into reinsurance agreements providing for $150 million in multi-year, fully collateralized reinsurance from Ibis Re Ltd. (Ibis Re), a special purpose reinsurance company domiciled in the Cayman Islands. Ibis Re financed the property catastrophe reinsurance coverage by issuing $150 million in catastrophe bonds to qualified institutional buyers in a private placement. The new reinsurance coverage is designed to complement Assurant's existing property catastrophe reinsurance and state-specific reinsurance programs and to enhance its ability to manage risk related to catastrophe losses. The reinsurance consists of two separate layers of coverage providing for an aggregate of $150 million of reinsurance coverage against losses from individual hurricane events in Hawaii and along
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Apr 29, 2009, 09:00 AM
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NEW YORK, April 29, 2009 - Assurant, Inc. (Assurant) (NYSE: AIZ), a premier provider of specialized insurance and insurance-related products and services, today reported results for first quarter 2009. Net operating income1 for first quarter 2009 decreased 36 percent to $137.8 million, or $1.17 per diluted share, compared to first quarter 2008 net operating income of $214.9 million, or $1.80 per diluted share. "Our quarterly results reflect how the economy is challenging consumers, employers and the financial markets. Yet, in spite of the turbulence, we were able to achieve a quarterly annualized operating ROE of 12.5 percent 2 ," says Robert B. Pollock, president and chief executive officer. "Difficult economic conditions triggered increased claim activity. For example, we believe that fears among consumers of potential loss of insurance coverage drove heavy utilization of medical services." "Even as we feel the economic turbulence of 2009, we are discovering new business
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