Topic: Insurance Industry
How the major stock indexes fared on Monday
AP Features
Stocks ended mixed after a new round of mergers and acquisitions raised some hope for the economy. Financial shares rose 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 fell after ...
Insurance deals boost 2010 M&A activity
AP News
AIG deals with insurers take No. 1 and No. 5 spots so far in 2010 globally, says DealogicThe pace of mergers and acquisitions is gaining speed in 2010 thanks to American International Group Inc. MetLife Inc.'s $15.5 billion deal Monday to buy AIG's American Life Insurance Co ...
Summary Box: AIG's $15.5B Alico sale to MetLife
AP News
Summary Box: AIG sells Alico to MetLife for $15.5B in ongoing bid to payback governmentTHE SALE: American International Group Inc. sold its American Life Insurance Co. division, or Alico, to MetLife Inc. for $15.5 billion. The deal is AIG's second big asset sale in two weeks. On ...
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 ...
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