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Latest AFG News From Around the Web
Below are the latest news stories about American Financial Group Inc that investors may wish to consider to help them evaluate AFG as an investment opportunity.
It sells off insurance unit to focus on its specialty P&C business
CINCINNATI--(BUSINESS WIRE)--It is with great sadness that the American Financial Group Board of Directors announces the sudden passing of longtime Board member Kenneth C. Ambrecht on Friday, September 25, 2020. Mr. Ambrecht was elected to AFG’s Board of Directors in 2005 and was a member of the Compensation and Corporate Governance Committees. He had extensive corporate finance experience, having worked in the U.S. capital markets for over 30 years. After a career in investment banking, he for
CINCINNATI--(BUSINESS WIRE)--American Financial Group, Inc. (NYSE: AFG) today announced that it has reached a definitive agreement to sell GAI Holding Bermuda and its subsidiaries, comprising the legal entities that own its Lloyd’s of London insurer, Neon, to RiverStone Holdings Limited (“RiverStone”). Upon closing of the sale, AFG expects release of all of its funds at Lloyd’s (FAL) including release of the letters of credit and collateral pledge facility that AFG guarantees in support of Neon
American Financial Group Inc. announced it has reached a definitive agreement to sell GAI Holding Bermuda and its subsidiaries, comprising the legal entities that own its Lloyd’s of London insurer, Neon, to RiverStone Holdings Ltd. Upon closing of the sale, …
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “bbb+” to the new $200 million 4.5% 40-year subordinated debentures, due 2060, of American Financial Group, Inc. (AFG) (Cincinnati, OH). The outlook assigned to this Credit Rating (rating) is stable. The existing ratings of AFG and its subsidiaries are unchanged. The proceeds of the sale are expected to be used for general corporate purposes, which may include the redemption of callable subord
American Financial Group, Inc. Announces the Pricing of $200 Million Aggregate Principal Amount of Subordinated Debentures Due 2060
CINCINNATI--(BUSINESS WIRE)--American Financial Group, Inc. (NYSE: AFG) announced today that it priced an offering of $200 million aggregate principal amount of 4.50% Subordinated Debentures due September 15, 2060 (the “Debentures”). The offering is expected to close on September 15, 2020, subject to customary closing conditions. The Company intends to apply to list the Debentures on the New York Stock Exchange under the symbol “AFGE”. If approved for listing, trading of the Debentures on the N
American Financial Group, Inc. Management to Participate in the 2020 Keefe, Bruyette & Woods Virtual Insurance Conference
CINCINNATI--(BUSINESS WIRE)--American Financial Group, Inc. (NYSE: AFG) announced today that Carl H. Lindner III and S. Craig Lindner, Co-Chief Executive Officers, and Brian S. Hertzman, Senior Vice President & Chief Financial Officer, will participate in the 2020 Keefe, Bruyette & Woods Virtual Insurance Conference on Wednesday, September 9, 2020. While there will be no Company presentation, AFG will host several investor meetings in this virtual setting. The investor material to be us
Insurance and investments holding company, American Financial Group has announced the promotion of Brian S. Hertzman to the role of Senior Vice President
American Financial Group (AFG) promoted Brian S. Hertzman to senior VP and CFO; he has held positions within the company's finance and accounting areas during his nearly 30-year tenure.Previously served as VP and Controller of AFG....
Mortgage lender Australian Finance Group has posted an underlying profit of $36.3 million for the full financial year on the back of rising residential settlements.