Financial services in the United States

Primerica Closes Previously Announced Acquisition of e-TeleQuote

Retrieved on: 
Thursday, July 1, 2021
Professional services, Health, Consumer, Seniors, Insurance, Managed care, Finance, Primerica, Finance, Service companies, Financial services in the United States, Insurance, Primerica, Inc., e-TeleQuote, PRIMERICA, INC., E-TELEQUOTE

Primerica, Inc. (NYSE:PRI), a leading provider of financial services to middle-income families throughout the United States and Canada, announced today that the Company has closed its previously announced acquisition of 80% of Etelequote Limiteds operating subsidiaries (collectively, e-TeleQuote).

Key Points: 
  • Primerica, Inc. (NYSE:PRI), a leading provider of financial services to middle-income families throughout the United States and Canada, announced today that the Company has closed its previously announced acquisition of 80% of Etelequote Limiteds operating subsidiaries (collectively, e-TeleQuote).
  • Additionally, under the terms of the agreement, Primerica will purchase the remaining 20% stake over a period of up to four years.
  • The synergies created by this acquisition will allow Primericas life insurance-licensed independent sales representatives to serve clients financial needs more fully throughout their lifecycle, said Glenn Williams, Primerica Chief Executive Officer.
  • Primerica, through its insurance company subsidiaries, was the #2 issuer of Term Life insurance coverage in North America in 2020.

Chubb Limited to Hold its Second Quarter Earnings Conference Call on Wednesday, July 28, 2021

Retrieved on: 
Thursday, July 1, 2021
Chubb Limited, Chubb, New York Stock Exchange, Service companies, Financial services in the United States

ZURICH, July 1, 2021 /PRNewswire/ --Chubb Limited (NYSE: CB) will hold its second quarter earnings conference call on Wednesday, July 28, 2021, beginning at 8:30 a.m. Eastern.

Key Points: 
  • ZURICH, July 1, 2021 /PRNewswire/ --Chubb Limited (NYSE: CB) will hold its second quarter earnings conference call on Wednesday, July 28, 2021, beginning at 8:30 a.m. Eastern.
  • The company expects to issue its second quarter earnings release and financial supplement after the market closes on Tuesday, July 27, 2021.
  • The earnings conference call will be available via live webcast at investors.chubb.com or by dialing 888-254-3590 (within the United States) or 323-994-2093 (international), passcode 8683056.
  • Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index.

American National Announces Two New Indices and Strategies to ASIA Plus 7 & 10

Retrieved on: 
Thursday, July 1, 2021
Annuities, Finance, Money, Financial services in the United States, Insurance, American National Insurance Company, Galveston, Texas, Fixed annuity, One Moody Plaza

GALVESTON, Texas, July 01, 2021 (GLOBE NEWSWIRE) -- American National is enhancing and expanding its industry leading Strategy Indexed Annuity PLUS flexible premium products.

Key Points: 
  • GALVESTON, Texas, July 01, 2021 (GLOBE NEWSWIRE) -- American National is enhancing and expanding its industry leading Strategy Indexed Annuity PLUS flexible premium products.
  • In addition to the current crediting strategies based on the S&P 500 index; ASIA PLUS 7 & 10 will now offer two new index crediting strategies.
  • American National Group, Inc. is the parent company of the American National companies, which include American National Insurance Company and its insurance affiliates.
  • American National Insurance Company, founded in 1905 and headquartered in Galveston, Texas, is licensed in all states except New York.

American Financial Group, Inc. Declares Quarterly Dividend

Retrieved on: 
Thursday, July 1, 2021
Professional services, Insurance, Finance, Lindner family, AFG, Insurance, American Financial Group, Companies, Financial services in the United States, Service companies, American Modern Insurance Group, Insurance Company of North America

American Financial Group, Inc. (NYSE: AFG) announced that it has declared a regular dividend of $0.50 per share of American Financial Group Common Stock.

Key Points: 
  • American Financial Group, Inc. (NYSE: AFG) announced that it has declared a regular dividend of $0.50 per share of American Financial Group Common Stock.
  • American Financial Group is an insurance holding company, based in Cincinnati, Ohio.
  • Through the operations of Great American Insurance Group, AFG is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses.
  • Great American Insurance Groups roots go back to 1872 with the founding of its flagship company, Great American Insurance Company.

Relation Insurance Services, Inc. Acquires the Assets of Walker & Associates Services, Inc.

Retrieved on: 
Wednesday, June 30, 2021
Consulting, Professional services, Insurance, Finance, Financial services in the United States, Service companies, Service industries, Truist Financial, Wilson, North Carolina

Relation Insurance Services, Inc. (Relation), one of the largest and fastest-growing national insurance agencies, announced today it acquired the assets of North Carolina-based Walker & Associates Services, Inc. (Walker).

Key Points: 
  • Relation Insurance Services, Inc. (Relation), one of the largest and fastest-growing national insurance agencies, announced today it acquired the assets of North Carolina-based Walker & Associates Services, Inc. (Walker).
  • Walker provides personal lines and commercial lines insurance solutions to clients throughout North Carolina and is headquartered in Winterville, North Carolina, with multiple locations throughout the state.
  • We are excited to welcome David Walker and his entire team to the Relation family, said Tim Hall, Executive Vice President and Head of Mergers and Acquisitions for Relation.
  • Relation Insurance Services is an insurance brokerage that offers superior risk-management and benefits-consulting services through its family of brands across the United States.

SWBC Mortgage Expands its Presence with New Branches from Coast-to-Coast

Retrieved on: 
Wednesday, June 30, 2021
Mortgage industry of the United States, Finance, Financial services in the United States, Money, SWBC, Fannie Mae, Mortgage bank, Mortgage Bankers Association, Mortgage loan, Freddie Mac

"SWBC Mortgage professionals live and lend in the same communities with our customers," said Susan Stewart, CEO of SWBC Mortgage, and the current national chairperson of the Mortgage Bankers Association (MBA).

Key Points: 
  • "SWBC Mortgage professionals live and lend in the same communities with our customers," said Susan Stewart, CEO of SWBC Mortgage, and the current national chairperson of the Mortgage Bankers Association (MBA).
  • This growth allows SWBC Mortgage to expand its footprint into new markets, providing a superior mortgage experience for local customers and communities through 78 retail branches across the nation.
  • SWBC Mortgage Corporation ( www.swbcmortgage.com ) is a full-service mortgage lender approved with FNMA, FHLMC, and GNMA.
  • Headquartered in San Antonio, Texas, SWBC Mortgage has been providing mortgage banking services since 1988.

CrossCountry Mortgage Named a Top Workplace for Fifth Straight Year

Retrieved on: 
Wednesday, June 30, 2021
Loans, Mortgage loan, Finance, Mortgage industry of the United States, Financial services in the United States, Financial services, Quicken Loans

BRECKSVILLE, Ohio, June 30, 2021 /PRNewswire/ --CrossCountry Mortgage, LLC, one of the nation's 10 largest retail mortgage lenders, has been recognized for the fifth straight year as a Top Workplace in Northeast Ohio.

Key Points: 
  • BRECKSVILLE, Ohio, June 30, 2021 /PRNewswire/ --CrossCountry Mortgage, LLC, one of the nation's 10 largest retail mortgage lenders, has been recognized for the fifth straight year as a Top Workplace in Northeast Ohio.
  • CrossCountry Mortgage has again been ranked among the top 25 workplaces with 500 or more employees, placing it among several of the region's premier public, private, non-profit and government organizations.
  • To learn more about CrossCountry Mortgage products, services and career opportunities, visit CrossCountryMortgage.com .
  • CROSSCOUNTRY MORTGAGE, LLC is a top 10 retail mortgage lender in America, founded in 2003 by CEO Ronald J. Leonhardt, Jr.

Johnson Fistel, LLP Files Class Action Suit Against Rocket Companies (RKT)

Retrieved on: 
Wednesday, June 30, 2021
Quicken Loans, Class action, New York Stock Exchange, Financial market, Securities Exchange Act, Service companies, Financial services in the United States, Economy of the United States

SAN DIEGO, June 30, 2021 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP announces that a class action lawsuit has commenced on behalf of shareholders of Rocket Companies, Inc. (NYSE: RKT) Class A common.

Key Points: 
  • SAN DIEGO, June 30, 2021 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP announces that a class action lawsuit has commenced on behalf of shareholders of Rocket Companies, Inc. (NYSE: RKT) Class A common.
  • The class action is on behalf of shareholders who purchased Rocket Companies between February 25, 2021 and May 5, 2021, both dates inclusive (the "Class Period").
  • The Rocket Companies class action lawsuit charges the Company and certain of its officers and directors with violations of the Securities Exchange Act of 1934.
  • The stunning collapse in Rocket Companies' gain on sale margin reflected the fact that the favorable market conditions purportedly being experienced by Rocket Companies during the Class Period had, in fact reversed.

Global Atlantic Announces $8.0 Billion Reinsurance Deal With Ameriprise Financial

Retrieved on: 
Tuesday, June 29, 2021
Professional services, Insurance, Finance, Insurance, Reinsurance companies, RiverSource, Reinsurance, Financial services in the United States, Chubb Limited, Gen Re

Global Atlantic Financial Group (Global Atlantic) , a leading U.S.-focused annuity, life insurance and reinsurance company, today announced the signing of an $8.0 billion annuity reinsurance transaction between two of its insurance subsidiaries (Commonwealth Annuity and Life Insurance Company and First Allmerica Financial Life Insurance Company) and Ameriprise Financial (Ameriprise) insurance subsidiaries (RiverSource Life Insurance Company and RiverSource Life Insurance Co. of New York).

Key Points: 
  • Global Atlantic Financial Group (Global Atlantic) , a leading U.S.-focused annuity, life insurance and reinsurance company, today announced the signing of an $8.0 billion annuity reinsurance transaction between two of its insurance subsidiaries (Commonwealth Annuity and Life Insurance Company and First Allmerica Financial Life Insurance Company) and Ameriprise Financial (Ameriprise) insurance subsidiaries (RiverSource Life Insurance Company and RiverSource Life Insurance Co. of New York).
  • Global Atlantic Financial Group (Global Atlantic) is the marketing name for The Global Atlantic Financial Group LLC and its subsidiaries.
  • Reinsurance transactions are entered into by Global Atlantic Re Limited, Global Atlantic Assurance Limited, Commonwealth Annuity and Life Insurance Company or one of their affiliates.
  • Reinsurance is placed, where required by applicable law, by Global Atlantic Risk Advisors, L.P., a licensed reinsurance intermediary and subsidiary of Global Atlantic Financial Group Limited.

Ready Capital Announces Strong Q2 Results for Freddie Mac SBL & Small Bridge Business

Retrieved on: 
Monday, June 28, 2021
Mortgage industry of the United States, Affordable housing, Freddie Mac, Economy of the United States, Companies, Financial services in the United States, Mortgage industry of the United States, Affordable housing, Freddie Mac, Economy of the United States, Companies, Financial services in the United States

NEW YORK, June 28, 2021 (GLOBE NEWSWIRE) -- Ready Capital announced growth in deal volume for its Freddie Mac Small Balance Loan (SBL) and small multifamily Bridge-to-Agency businesses in the second quarter of 2021, with an increase of more than 36% over the first quarters strong results.

Key Points: 
  • NEW YORK, June 28, 2021 (GLOBE NEWSWIRE) -- Ready Capital announced growth in deal volume for its Freddie Mac Small Balance Loan (SBL) and small multifamily Bridge-to-Agency businesses in the second quarter of 2021, with an increase of more than 36% over the first quarters strong results.
  • During the second quarter of 2021, Ready Capital closed 72 Freddie Mac SBL and small multifamily Bridge-to-Agency loans totaling $223 million in funding, with a firm pipeline going into the third quarter of approximately $130 million.
  • ReadyCapital closed $223 million during the second quarter of 2021, following a strong Q1 2021 where over $160 million was closed in Freddie Mac SBL and small multifamily Bridge-to-Agency loans.
  • Average LTV for the Freddie Mac SBL loans was 63.35 across deals 72 deals.