Asset Sales
AIG is getting a bit more leverage
American International Group Inc., once perceived as a forced seller, has a bit more leverage these days as it has worked through most of...
2,000 insurance agents of AIG’s Taiwan unit protest against a proposal to sell the local unit
About 2,000 insurance agents for a local unit of American International Group protested Wednesday against a proposal to sell the company's Taiwan unit to...
Hub International acquires Mones & Associates Insurance brokers from AVIVA Canada
Hub International Limited announced today that it has acquired Mones & Associates Insurance Brokers Inc., one of the largest personal and commercial insurance brokers...
AIG reports quarterly profit of $455 million
Bailed out insurance giant AIG on Friday announced a profit of 455 million dollars in the third quarter, a massive turnaround from a 24.4...
RBS likely to sell its insurance operations (Churchill and Direct Line brands) and cut 3,700 jobs
Royal Bank of Scotland said it would be forced to sell more assets than it had expected and axe 3,700 jobs from its retail...
Britain announces plans to break up state rescued banks RBS and Lloyds
Britain is to force state-rescued banks RBS and Lloyds Banking Group to sell assets in a massive shake-up of the banking sector but will...
British bank RBS signals new asset sales
Britain's Royal Bank of Scotland said Monday it will consider selling more assets than initially planned to win EU support for the state aid...
ING to sell Asian Private Banking business to OCBC
ING announced today that it has reached an agreement to sell its Asian Private Banking business to Oversea-Chinese Banking Corporation Limited (OCBC Bank) for...
AIG sells Taiwan unit to Primus Financial Holdings for £2.15 billion
AIG said Tuesday it would sell its Taiwan unit for 2.15 billion US dollars as the insurance giant raised money to pay off a...
AIG enters into agreement to sell Nan Shan to consotium led by Primus Financial
AIG today announced an agreement to sell its 97.57% share of Nan Shan Life Insurance Company, Ltd. ...
Fortis sells Luxembourg non-life activities to La Baloise for €23 million
Belgian-based financial services group Fortis said on Tuesday it would sell its Luxembourg non-life activities to Luxembourg insurer La Baloise for...
Franco-Belgian bank Dexia to sell French insurance unit
Dexia, the Franco-Belgian financial group, who announced few weeks ago to be strong enough to stay independent by the end of 2010 is now...
AIG enters into agreement to sell Asset Management business to Bridge Partners
American International Group, Inc. (AIG) today announced an agreement to sell a portion of its investment advisory and asset management business to Bridge Partners,...
Aegon sold its Taiwanese life insurance business to Zhongwei for €65m
AEGON has completed the sale of its Taiwanese life insurance business to Zhongwei Company*.
The entering by the parties into an agreement for the sale...
AIG to sell consumer finance operations in Hong Kong
AIG announced that it has entered into an agreement to sell 100 percent of its shares of AIG Finance (Hong Kong) Limited (“AIG Finance”)...
AIG close to unit sale for $300 mln-$400 mln-source
American International Group Inc, AIG is close to selling its asset management business to a consortium that includes private equity firm Crestview Partners for...
AIG to complete sale of its consumer finance operation in Mexico
American International Group, Inc. (AIG) today announced that it has closed the sale of its consumer finance operations in Mexico
AIG to accelerate separation of ALICO
American International Group, Inc. (AIG) today announced it will accelerate steps to position American Life Insurance Company (ALICO) as an independent entity and seek...
Barclays and CNP agree life insurance joint venture in Spain, Portugal and Italy
Barclays Bank PLC and CNP Assurances SA have agreed to establish a long-term life insurance joint venture in Spain, Portugal and Italy. As part...
Aviva – Incredible transaction of $925 million from sale of Australian life business
Aviva plc ("Aviva") announces that it is to sell Aviva Australia Holdings Ltd, its Australian life and pensions business and wealth management platform (“Aviva...
