AIG's sale of Asia-based life insurer, AIA Group, to Britain's Prudential PLC last week for 35.5 billion tops the global 2010 list

Published - 03/08/2010 11:00 PM

Insurance deals boost 2010 M&A activity CHARLOTTE, N.C. -- The 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., or Alico, brought the total value of dealmaking globally ... 

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Life and Health Earnings Surge Boosts Allianz's 2009 Profit

Published - 02/24/2010 11:00 PM

MUNICH, Germany, Feb 25, 2010 (A. M. Best via COMTEX) (Insurance News) -- Allianz S.E. reported a surge in life and health insurance income for 2009, enough to overcome a drop in property and casualty earnings to give the multiline insurer a 13.2% gain in net income from ... 

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New York Life Insurance Company awards scholarships

Published - 02/23/2010 11:00 PM

For the sixth year in a row, New York Life Insurance Company awarded scholarships to full time undergraduate students who are majoring in business, achieve academic success with a GPA of 3.0 or higher and play an active role in their communities. Scholarships are given in honor of New York Life ... 

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Old Mutual May Sell U.S. Life Insurance Business, FT Reports

Published - 02/20/2010 11:00 PM

Old Mutual Plc has hired JPMorgan Chase & Co. to consider a sale of its U.S. life insurance business and has found several possible buyers, the Financial Times said, citing unidentified people familiar with the situation. Unrealized losses at the U.S. unit narrowed to $600 million at Sept. 30, ... 

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Corporate-travel insurance market continues to be competitive

Published - 02/15/2010 11:00 PM

While many companies have cut back on business travel, competition remains strong in the U.S. corporate travel insurance market, experts say. The products and services available to buyers of business travel coverage are innovative and, most importantly, help safeguard the employee, insurers and brokers say. Nine principal insurers provide business travel coverage ... 

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Study: Online search for life insurance information jumps 15%

Published - 02/04/2010 11:00 PM

More Americans are turning to the Internet for information about life insurance, according to a new study. Reston, Va.-based comScore, a digital marketing firm, found that searches for life insurance information grew to 16.6 million queries in 2009, an increase of 15% from the previous year. “As more ... 

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Poorly Worded Life Insurance Policies Can Cost Survivors Big Bucks

Published - 02/01/2010 11:00 PM

Anyone with a life insurance policy they haven’t carefully read will want to do so ASAP after they learn about one widow’s unsuccessful fight with her dead husband’s life insurer. It all started when Craig Bauer, an executive at manufacturer Omron Electronics, died in June 2006 of bacterial meningitis following a ... 

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AIG may sell life insurance unit to MetLife

Published - 01/23/2010 11:00 PM

NEW YORK -- "American International Group Inc. reportedly is in discussions to sell one of its largest life insurance units to MetLife Inc., a move that would represent its biggest divestiture since its 2008 bailout. The sale would send one of the beleaguered insurer's most prized assets to its New York-based ... 

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