Insurance Re-pricing, Expanded Services, Upgraded S&P Ratings, and New Master Policies - Analyst Notes on AIG, ACE, MBIA, MGIC Investment, and Radian Group
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NEW YORK, March 24, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding American International Group, Inc. (NYSE: AIG), ACE Limited (NYSE: ACE), MBIA Inc. (NYSE: MBI), MGIC Investment Corporation (NYSE: MTG), and Radian Group, Inc. (NYSE: RDN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
American International Group, Inc. Analyst Notes
On March 17, 2014, American International Group, Inc. (AIG) announced that it has repriced AG Select-a-Term, the highly customizable term life insurance issued by American General Life Insurance Company. The Company said that AG Select-a-Term offers an affordable coverage for policy holders until age 90, with a wide selection of available riders making the policy further customizable. "AG Select-a-Term's newly lowered premiums, together with the product's flexibility, can make it a smart solution for many family and business needs. Further, the repricing of AG Select-a-Term reflects our ongoing commitment to our valued distribution partners; this is yet another step we've taken that's intended to help them thrive in today's economy," said Chris Ogburn, Vice President of Product Management for AIG's US Life Insurance Business. The full analyst notes on American International Group, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03242014/AIG/report.pdf
ACE Limited Analyst Notes
On March 18, 2014, ACE Limited (ACE) announced that it has expanded its environmental risk insurance proposition to add crisis management cover. The Company stated that the expansion is in response to the evolving environmental cover needs of companies in Europe. ACE's environmental risk insurance proposition now covers the costs of counsel and other expert services for businesses. "By expanding our environmental risk proposition with crisis management services we can now offer our clients and their brokers comprehensive insurance cover combined with the reassurance of access to critical services that can help them navigate the immediate aftermath of a serious environmental incident," said Karl Russek, Senior Vice President Environmental Risk for ACE Overseas General. The full analyst notes on ACE Limited are available to download free of charge at:
http://www.AnalystsReview.com/03242014/ACE/report.pdf
MBIA Inc. Analyst Notes
On March 18, 2014, MBIA Inc. (MBIA) announced that the S&P has upgraded its financial strength rating on the Company's primary financial guarantee insurance subsidiary, National Public Finance Guarantee Corp. (National) to "AA-" from "A." In addition, the Company also announced that S&P has upgraded the counterparty credit rating of MBIA to "A-" from "BBB." S&P has given a "Stable" outlook to both the companies. "With a rating in the double-A range now in hand, National will turn its attention toward executing its business plan and supporting the credit enhancement needs of municipalities across the United States. MBIA Inc.'s single-A minus rating will significantly enhance its financial flexibility and provide us with greater opportunities to reduce holding company leverage over time," said Jay Brown, CEO of MBIA. The full analyst notes on MBIA Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03242014/MBI/report.pdf
MGIC Investment Corporation Analyst Notes
On March 12, 2014, MGIC Investment Corporation (MGIC Investment) announced that its principal mortgage insurance subsidiary Mortgage Guaranty Insurance Corporation (MGIC) has introduced an updated Master Policy, providing greater clarity and transparency on all aspects of the mortgage insurance process. The Company said that the new Master Policy features combined coverage requirements of Fannie Mae and Freddie Mac, with the ability to upgrade to 12-month rescission coverage protection under MGIC's Gold Cert program. "Our new policy reemphasizes our partnership with the lending community and maintains MGIC's strong focus on quality. We will work with customers to make the transition to our new Master Policy as simple and easy as possible," said Patrick Sinks, President and CEO of MGIC. The Company expects the new master policy to take effect on July 1, 2014. The full analyst notes on MGIC Investment Corporation are available to download free of charge at:
http://www.AnalystsReview.com/03242014/MTG/report.pdf
Radian Group, Inc. Analyst Notes
On March 12, 2014, Radian Group, Inc. (Radian Group) announced that its subsidiary Radian Guaranty Inc. (Radian Guaranty) is planning to offer rescission relief after 12 months for both delegated and non-delegated customers. The Company intends to make the new product available as part of the enhancements that it is making to its Master Policy. "Our unique offering - Confident Coverage™ - is designed to offer customers the ability to opt-in to receive rescission relief on every loan after just 12 months," said Teresa Bryce Bazemore, President of Radian Guaranty. The Company expects the new policy to be effective starting July 1, 2014. The full analyst notes on Radian Group, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03242014/RDN/report.pdf
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