Edition:
United Kingdom

Multiline Insurance & Brokers

Page 1

Huize Holding Ltd Sees U.S. IPO Of Up To 4.65 Million ADSS Priced To Be Between $9.40 And $11.40/ADS

Thursday, 6 Feb 2020

Feb 6 (Reuters) - Huize Holding Ltd ::HUIZE HOLDING LTD SEES U.S. IPO OF UP TO 4.65 MILLION ADSS, REPRESENTING 93.0 MILLION CLASS A COMMON SHARES - SEC FILING.HUIZE HOLDING LTD SAYS ANTICIPATES IPO PRICE WILL BE BETWEEN $9.40 AND $11.40 PER ADS.HUIZE HOLDING LTD - LESS THAN TEN CORPORATE INVESTORS INDICATED INTERESTS IN PURCHASING UP TO $50.0 MILLION OF ADSS OFFERED IN IPO AT IPO PRICE.HUIZE HOLDING LTD SAYS IT REMOVES MORGAN STANLEY FROM THE LIST OF UNDERWRITERS.HUIZE HOLDING LTD SAYS IT ADDS VALUABLE CAPITAL AS AN UNDERWRITER TO THE U.S. IPO.

Lee Enterprises To Buy Berkshire Hathaway Newspaper Operations, Berkshire Hathaway To Finance All Debt

Wednesday, 29 Jan 2020

Jan 29 (Reuters) - Lee Enterprises Inc ::LEE ENTERPRISES TO BUY BERKSHIRE HATHAWAY NEWSPAPER OPERATIONS; BERKSHIRE HATHAWAY TO FINANCE ALL DEBT.LEE ENTERPRISES INC - DEAL IMMEDIATELY ACCRETIVE TO EARNINGS BEFORE SYNERGIES, REDUCES BALANCE SHEET LEVERAGE.LEE ENTERPRISES INC - DEAL FOR $140 MILLION IN CASH.LEE ENTERPRISES INC - ANNUAL RUN-RATE REVENUE AND COST SYNERGIES ESTIMATED AT $20-25 MILLION FROM DEAL.LEE ENTERPRISES INC - SUBSEQUENT TO DEAL CLOSING, BERKSHIRE HATHAWAY WILL BE LEE'S SOLE LENDER..LEE ENTERPRISES INC - BERKSHIRE HATHAWAY IS PROVIDING APPROXIMATELY $576 MILLION IN LONG-TERM FINANCING TO LEE AT A 9% ANNUAL RATE.LEE ENTERPRISES INC - LEE WILL ENTER INTO A 10-YEAR LEASE FOR BHMG'S REAL ESTATE.LEE ENTERPRISES INC - PROCEEDS FROM BERKSHIRE FINANCING WILL BE USED TO PAY FOR ACQUISITION, REFINANCE LEE'S APPROXIMATELY $400 MILLION OF EXISTING DEBT.LEE ENTERPRISES - BERKSHIRE FINANCING REQUIRES NO FEES, WILL RESULT IN ABOUT $5 MILLION OF INTEREST RATE SAVINGS ON LEE'S REFINANCED DEBT ANNUALLY.LEE ENTERPRISES INC - BERKSHIRE FINANCING WILL ELIMINATE LEE'S EXISTING $23 MILLION REVOLVING CREDIT FACILITY.

Saudi's Walaa Shareholders Approve Merger With Metlife AIG ANB

Tuesday, 28 Jan 2020

Jan 28 (Reuters) - WALAA COOPERATIVE INSURANCE COMPANY <8060.SE>::SHAREHOLDERS APPROVE MERGER WITH METLIFE AIG ANB.

Aub Group Sees 8-10% Growth In Adjusted NPAT In Fy20

Monday, 27 Jan 2020

Jan 28 (Reuters) - AUB Group Ltd ::EXPECTS TO DELIVER TOWARD TOP OF ITS PREVIOUSLY ANNOUNCED GUIDANCE RANGE OF 8-10% GROWTH IN ADJUSTED NPAT IN FY20.

Brown & Brown Inc Posts Q4 EPS Of $0.27

Monday, 27 Jan 2020

Jan 27 (Reuters) - Brown & Brown Inc ::BROWN & BROWN, INC. ANNOUNCES QUARTERLY REVENUES OF $579.0 MILLION, AN INCREASE OF 13.8%; AND DILUTED NET INCOME PER SHARE OF $0.27.Q4 EARNINGS PER SHARE $0.27.Q4 REVENUE ROSE 13.8 PERCENT TO $579 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.27 -- REFINITIV IBES DATA.QTRLY ADJUSTED EARNINGS PER SHARE $0.28.Q4 REVENUE VIEW $563.6 MILLION -- REFINITIV IBES DATA.

Goosehead Insurance Sees Q4 Revenue Under Accounting Guidance Asc 605(1) To Be Between $20.1 Mln & $20.3 Mln

Monday, 27 Jan 2020

Jan 27 (Reuters) - Goosehead Insurance Inc ::GOOSEHEAD INSURANCE INC SEES REVENUE UNDER ACCOUNTING GUIDANCE ASC 605(1) FOR Q4 OF 2019 IS EXPECTED TO BE BETWEEN $20.1 MILLION AND $20.3 MILLION.GOOSEHEAD INSURANCE INC - FOR FULL YEAR 2019, REVENUE UNDER ACCOUNTING GUIDANCE ASC 605(1) IS EXPECTED TO BE BETWEEN $83.8 MILLION AND $84.0 MILLION.

Saudi's CMA Fines SABB Takaful 40,000 Riyals

Monday, 27 Jan 2020

Jan 27 (Reuters) - SAUDI'S CMA::FINES SABB TAKAFUL 40,000 RIYALS.FINES SABB TAKAFUL AS IT FAILED TO TIMELY DISCLOSE RESIGNATION OF ITS BOARD MEMBER.

Randall & Quilter Investment Says Acquired Vigneron Insurance Company

Monday, 27 Jan 2020

Jan 27 (Reuters) - Randall & Quilter Investment Holdings Ltd ::RANDALL & QUILTER LD - ACQUISITION.RANDALL & QUILTER INVESTMENT HOLDINGS LTD - ACQUIRED MONTANA CAPTIVE INSURER, VIGNERON INSURANCE COMPANY.RANDALL & QUILTER INVESTMENT HOLDINGS LTD - R&Q INTENDS TO MERGE VICI INTO R&Q'S VERMONT CAPTIVE CONSOLIDATOR INSURER, ICDC LTD., IN Q1 2020.

Crawford Expects To Record Non-Cash Goodwill Impairment Charge In Q4

Friday, 24 Jan 2020

Jan 24 (Reuters) - Crawford & Co ::CRAWFORD - EXPECTS TO RECORD NON-CASH GOODWILL IMPAIRMENT CHARGE OF BETWEEN $0.24 TO $0.32 PER DILUTED SHARE, IN 2019 Q4.CRAWFORD & CO - NON-CASH GOODWILL IMPAIRMENT CHARGE IN Q4 RELATED TO ITS CRAWFORD CLAIMS SOLUTIONS SEGMENT.CRAWFORD & CO - EVALUATING RECOVERABILITY OF CERTAIN DEFERRED TAX ASSETS.CRAWFORD & CO - PRELIMINARY GAAP Q4 REVENUE BEFORE REIMBURSEMENTS ARE EXPECTED TO BE IN RANGE OF $245.0 MILLION TO $249.0 MILLION.CRAWFORD - PRELIM GAAP Q4 DILUTED LOSS PER SHARE IS EXPECTED TO BE IN RANGE OF $0.18 TO LOSS OF $0.22 FOR CRD-A , AFTER NON-CASH ADJUSTMENTS.CRAWFORD - PRELIM GAAP Q4 DILUTED LOSS PER SHARE IS EXPECTED TO BE IN RANGE OF $0.20 TO LOSS OF $0.24 FOR CRD-B, AFTER NON-CASH ADJUSTMENTS.CRAWFORD - PRELIM NON-GAAP Q4 OF DILUTED EPS, IS EXPECTED TO BE IN RANGE OF $0.12 TO $0.16 FOR CRD-A AND $0.10 TO $0.14 FOR CRD-B.CRAWFORD & CO - LOWER OVERALL CLAIMS VOLUME, DELAYS IN ONBOARDING OF NEW CLIENT WINS, RESULTED IN LOWER REVENUE THAN CO ANTICIPATED IN Q4.CRAWFORD & CO - CONTINUE TO EXPERIENCE WEATHER-RELATED CLAIMS VOLATILITY.CRAWFORD & CO - PREDICTING QUARTER-TO-QUARTER PERFORMANCE OF BUSINESS IS SOMEWHAT MORE DIFFICULT, BUT WE REMAIN CONFIDENT IN OUR LONG-TERM OUTLOOK.

Ibercaja Banco To Sell 4.45% Stake In Caser To Helvetia For About 51 Mln Euros

Friday, 24 Jan 2020

Jan 24 (Reuters) - Ibercaja Banco SA [RIC:RIC:IBEBA.UL]::SAYS TO SELL 4.45% STAKE IN CASER TO HELVETIA FOR ABOUT 51 MILLION EUROS.POSITIVE IMPACT OF THIS SALE ON IBERCAJA'S FULLY-LOADED COMMON EQUITY TIER 1 (CET1) RATIO ESTIMATED AT ABOUT 22 BASIS POINTS.SAYS AFTER FORMALIZATION OF SALE IBERCAJA WILL KEEP A SHAREHOLDING IN CASER OF 9.5%.IT WILL FORMALIZE NOVATION AGREEMENT MODIFYING ITS DISTRIBUTION CONTRACT FOR NON-LIFE INSURANCE WITH CASER.NOVATION WITH CASER WILL MEAN FOR IBERCAJA THE COLLECTION OF FIXED COMMISSION OF 70 MILLION EUROS PLUS ADDITIONAL PAYMENTS OF UP TO 50 MILLION EUROS IN THE NEXT 10 YEARS.

Markets

  • Sectors
  • Europe
  • U.S.
  • Asia

Sector Summary