Topic: Insurance Industry
AIG sells Alico unit to MetLife for $15.5 billion
AP News
AIG sells Alico to MetLife for $15.5B in ongoing bid to payback governmentAmerican International Group Inc. said Monday that it will sell its American Life Insurance Co. division for $15.5 billion to MetLife Inc. The government-approved deal, AIG's second big asset sale in two weeks, will give ...
Culver letter prompts Wellmark to delay rate hike
AP News
Culver letter to Iowa insurance commissioner prompts Wellmark to delay rate increaseIowa's largest health insurance provider will delay a planned premium increase after Gov. Chet Culver raised questions Monday about the higher rates to the state insurance commissioner. Culver sent a letter to Insurance Commissioner Susan Voss, expressing concern ...
MetLife seals Alico deal after two-year quest
Reuters US Online Report Business News
NEW YORK (Reuters) - MetLife Inc <MET.N> pursued AIG's <AIG.N> foreign life insurance business for two years before finally clinching a $15.5 billion purchase that will give it beachheads in 47 nations from Peru to Bangladesh. The deal for American Life Insurance Co ...
Stocks trade flat after more corporate dealmaking
AP Features
Stocks ended mixed after a new round of mergers and acquisitions raised some hope for the economy. Financial shares are up Monday after insurer American International Group Inc. reached a deal to sell one of its major foreign divisions to MetLife Inc. for $15.5 billion. Meanwhile, health care stocks ...
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