More twists, turns in CNO’s surreal hedge fund odyssey
The Carmel-based insurer for years has been managing the fallout of a deal it cut in 2013 that was supposed to reduce risk but instead blew up in spectacular fashion.
Conseco/CNO Financial
-
Carmel-based CNO Financial to cut 230 employees in restructuring
The company said it expects to reduce its annual spending by about $22 million by the end of 2020 as a result, investing about half of that savings into various technology and growth initiatives.
Read More
Articles
Indiana 100: CNO investment chief says keep-it-simple approach works best
Eric Johnson leads a team with $25.3 billion in assets under management.
CNO Financial adds two vice presidents
The company hired Patti Kolodziejczyk as vice president of application delivery and promoted Doug Williams to vice president of finance and administration for the company’s Bankers Life brand.
Carmel-based CNO says new CFO will work in Chicago
The insurance company’s executive team is split between three cities that house its major brands. Chicago-bound CFO Paul McDonough will replace Erik Helding, who was based in Carmel.
CNO Financial posts fourth-quarter profit but full-year loss
The Carmel-based insurance holding company said last week that a previously reported third-quarter transaction hurt its full-year financial results.
CNO Financial suffers $529M quarterly loss on reinsurance deal
Carmel-based insurance holding company CNO Financial Group Inc. on Wednesday reported a big third-quarter loss despite sales growth in all three of its business units.
Data breach at Bankers Life under investigation by state insurance department
Bankers Life and Casualty, a division of Carmel-based CNO Financial Group, said some of its customers had personal data exposed, including Social Security numbers, driver’s license numbers, bank account numbers and medical information.
Q&A: CNO exec says he fell into the insurance industry
Gary Bhojwani's path to the insurance industry started in college, where he earned a bachelor’s degree in actuarial science from the University of Illinois.
Path to $1.6 billion acquisition by Lilly full of twists and turns
At one point this spring, Lilly and three other companies were simultaneously angling to buy AMRO BioSciences.
CNO Financial reports quarterly loss due to tax reform
The Carmel-based insurance holding company profit would have been $101.6 million without the one-time impact of the federal tax reform act.
CNO CEO Bonach has left mark on far more than his company
Ed Bonach became active in the community partly to send a message to the company’s beaten-down workforce that “you don’t have to hang your head about being part of this company. We are doing a lot of good things, and we will be doing more of them.”
CNO exceeds expectations with third-quarter earnings
The Carmel-based insurance holding company turned a profit of $100.8 million in the period, up from $18.6 million a year ago.
CNO Financial reports improved quarterly earnings, revenue
The Carmel-based insurance holding company said total collected premiums were $925 million in the latest quarter, up 7 percent from last year’s second period.
2017 Indiana 100: After pulling CNO back, Bonach stepping aside
Q&A with Edward Bonach, CEO of CNO Financial Group: “Thankfully, I don’t know if it’s genes or what, but I can usually get by on less sleep than most. Starting early is good for me.”
CNO Financial CEO Bonach to retire at year’s end
The Carmel-based insurance holding company has selected its president, Gary Bhojwani, to succeed Ed Bonach, who has has held the top spot since 2011.
CNO Financial shakes up executive ranks
The Carmel-based insurance holding company on Tuesday replaced its senior vice president for marketing and communications and the leaders of two of its three insurance subsidiaries.
CNO Financial sees jump in quarterly profit, revenue
CNO Financial Group Inc. saw a big increase in profit in the fourth quarter, but not enough to meet Wall Street expectations.
Feds bring charges in alleged fraud scheme that stung CNO Financial
Prosecutors accused Platinum Partners of carrying out a $1 billion fraud that included setting up an affiliate to bamboozle institutional investors—including CNO Financial Group—into investing in the teetering hedge fund.
CNO Financial beats third quarter analyst estimates
CNO Financial Group Inc. on Tuesday reported third-quarter results that topped Wall Street expectations despite a 45 percent decline in profit.
UPDATE: CNO ends deal with Platinum-tied insurer, to take $55M loss
CNO Financial Group Inc. said it ended a risk-transfer deal with a reinsurer tied to embattled hedge fund Platinum Partners and has filed suit against executives of Beechwood Re. CNO shares tumbled after the news.