Topic: Insurance Carriers
Korea Life gains; buoys hopes for Samsung Life IPO
Reuters US Online Report Business News
SEOUL (Reuters) - Korea Life Insurance Co <088350.KS> shares closed up 8 percent in heavy trading on their debut on Wednesday, signaling keen demand ahead of bigger rival Samsung Life's planned $4 billion IPO in May. Korea Life had priced its $1.6 billion IPO, South Korea ...
Shin shuns limelight as Korea Life goes public
Reuters US Online Report Top News
SEOUL (Reuters) - Shin Eun-chul is a four-decade insurance veteran who, into his eighth year in charge of South Korea's No.2 life insurer, has not given any media interviews. That low profile is not unusual for the head of a flagship of one of South Korea's chaebol -- large ...
Hartford Financial selling $3B in securities
AP News
Hartford Financial selling $3.05B in securities in plan to repay $3.4B from federal bailoutHartford Financial Services Group Inc. said Tuesday it will sell $3.05 billion in securities as part of its plan to repay the $3.4 billion it received under the federal financial bailout. The financial ...
Ex-AIG employees might sue over lower payouts
Reuters US Online Report Business News
NEW YORK (Reuters) - Several former American International Group Inc <AIG.N> employees might sue the insurer after it gave them less retention bonus money than they should have received, their lawyers said on Monday. AIG is holding back $21 million from retention bonuses for current and former employees ...
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