Conseco cuts 20 jobs at Carmel headquarters
Conseco Inc. moved some of its customer-service work to India, prompting the local job reductions.
Conseco Inc. moved some of its customer-service work to India, prompting the local job reductions.
Conseco Inc. CEO Jim Prieur says it’s time to change the company’s 27-year-old name partly because it’s become better associated
with a sports facility than with the insurer’s products.
Carmel-based insurer Conseco Inc. will ask shareholders to approve changing the company’s name to CNO Financial Group,
the company said Thursday morning.
Carmel-based insurer swings to a profit, but earnings from operations decline.
Carmel-based insurer Conseco Inc. has been profitable for four straight quarters.
The Carmel-based life and health insurer immediately applied $161 million of the funds to its bank loans.
The company plans to use at least $150 million to repay debt under its senior credit agreement. The remaining proceeds will
be used for general corporate purposes.
Carmel-based insurer hopes to raise $234 million through public offering.
A U.S. District judge threw out the lawsuit against Conseco, saying the company’s emergence from bankruptcy in September
2003 wiped out prior legal claims.
Carmel-based insurer also wants to amend bank loans to assuage investor concerns ahead of $200 million stock offering.
After more than four years on the market, the Carmel estate built for Conseco Inc. founder Stephen Hilbert is listed at
$9.9 million—less than half of the original asking price and a third of the $30
million it was estimated to be worth in 2001.
Carmel-based Conseco’s second deal with Minnesota-based Wilton Reassurance Co. will bring in $45 million.
Conseco Inc. plans to sell about $230 million in stock and use half of the net proceeds to repay debt under its senior credit
agreement.
The Indiana Supreme Court on Wednesday delivered some good news to the widow of former Conseco Inc. Chief Counsel Lawrence
Inlow, reversing a lower court’s order that she pay his estate $284,034 for funeral expenses.
The Carmel-based life insurer’s third-quarter results exceeded Wall Street analysts’ predictions.
Shares of Carmel-based life insurer soared as much as 26 percent, to $6.30 apiece, in morning trading after New York-based
Paulson & Co. agreed to buy $78 million in Conseco stock and $200 million in company bonds.
Hedge fund will control nearly 10 percent of Carmel-based insurer.
Macquarie Office Trust of Sydney has quietly pulled the 48-story Chase Tower off the market, along with a property in Boston and a property in Denver that failed to draw juicy enough offers.
Conseco Inc. this morning said it is consolidating three of its insurers into one, a move that will have no impact on employment
but will save the company about $2.5 million annually.
Carmel-based Conseco Inc. faces a shareholder lawsuit by a union pension fund over an earnings restatement the company made
18 months ago.