sale
S&P unimpressed with ING restructure
Standard and Poor's have downgraded ING Life Insurance, after a restructure of the company. ING's financial strength and counterparty credit ratings were lowered to...
Big unit sales, listing bring AIG back to profit
The sale of key units helped push US insurance giant AIG -- a firm at the epicenter of the US financial crisis -- back...
SCOR is selling its subsidiary Investors Insurance Corporation
SCOR is disposing of its US Fixed Annuity business through the sale of its subsidiary Investors Insurance Corporation (IIC) for USD 55 million. SCOR...
MetLife to stop selling Long-Term Care Insurance
MetLife Inc., the largest life insurer in the U.S., said it plans to discontinue the sale of new Long-Term Care Insurance (LTCI) coverage next...
AIG to repay 36.7 billion dollars of US bailout
Ailing insurer AIG is poised to repay 36.7 billion dollars in government bailout aid after floating its Asian unit AIA and selling another subsidiary,...
AIA shares soar 12 percent on trading debut
Shares in the Asian unit of troubled US insurer AIG soared 12 percent on their trading debut in Hong Kong on Friday, opening at...
AIA set for Hong Kong debut after huge share offer
The Asian unit of troubled US insurer AIG is set to make its trading debut in Hong Kong on Friday after a monster share...
Sale : Hiscox sells US animal mortality business
Hiscox Ltd, the international specialist insurer, announced today that it has agreed to sell its US animal mortality business to Markel Service, Incorporated.
The business...
AXA will sell $1 billion stake in China’s Taikang Life Insurance
French insurer AXA is in the early stages of selling its 15 percent stake in China's Taikang Life Insurance Company, in a deal that...
AIG reports $1.4 billion loss net of tax on Nan Shan sale
AIG $2.15 billion sale of its Taiwan life insurance unitwill result in a loss of around $1.4 billion net of taxes that the company...
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,...
Resolution Will Buy Friends Provident for $3 Billion
Friends Provident, a British insurance company, has accepted a revised bid from a buyout firm, Resolution, worth £1.86 billion ($3.1 billion) after rejecting two...
AIG completes sale of life insurance premium finance portfolio
American International Group, Inc. (AIG) today announced that it has completed the sale of a majority of the...
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 completes the sale of 21st Century Insurance to Zurich Financial Services Group Unit
American International Group, Inc. (AIG) announced that it has closed the sale of 21st Century Insurance Group, the wholly owned subsidiaries of AIG’s U.S....
