AIG is selling its foreign life insurance unit to MetLife Inc. for about $15.5 billion, its second major asset sale in a week as it raises funds to repay a massive U.S. government bailout. MetLife said Monday that it would …
A tax question holding up American International Group Inc.’s sale of its foreign life insurance unit to MetLife Inc. is expected to be resolved favorably, clearing the way for a roughly $15 billion deal, sources familiar with the matter said …
MetLife Inc. plans to pay American International Group Inc. in stock and cash for American Life Insurance Co. (Alico), as the two sides negotiate what could be a roughly $15 billion deal, a source familiar with the matter said Tuesday. …
MetLife Inc. is in talks to buy AIG’s American Life Insurance Co (Alico) unit in a deal that could be valued between $14 billion and $15 billion, a source familiar with the matter said Tuesday. Nothing has been finalized yet …
SureTec Houston, Texas-based SureTec Insurance Co. announced that Greg Faulx has joined the company as vice president and will head its new regional office in Denver. Faulx was a key member of the original management team that formed Universal Surety …
MetLife, Inc. said that it is combining its institutional and individual businesses, as well as its auto and home insurance unit, into a single U.S. business organization. The company said this move stems from a strategic review that was launched …
Novato, Calif.-based Fireman’s Fund Insurance Co. named Michael LaRocco president and CEO. He will report to Chuck Kavitsky, president and CEO of Allianz of America, parent of Fireman’s Fund, and will also serve on the International Executive Committee of Allianz …
Wal-Mart Stores President and CEO Eduardo Castro-Wright and Tupelo Capital Management CEO Lulu C. Wang have been named to the board of directors of New York-based MetLife Inc., the company said. With the additions of Castro-Wright, 53, and Wang, 63, …
New York Governor Eliot Spitzer has created a commission to identify ways for New York to enhance its status as a world financial capital by modernizing its regulatory scheme and perhaps merging state regulation of insurance, banking and securities. “The …
The National Association of Insurance Commissioners named its 2007 committee chairs and vice chairs. The new committee assignments are for one year: Life Insurance and Annuities Committee: chair, Julie McPeak, executive director, Kentucky Office of Insurance, and vice chair, Tim …
