All the headlines from our Life Insurance Topic Page, ordered by recency.
Jul 15 2009 // American International Group, Inc. (AIG) today announced it will accelerate steps to position American Life Insurance Co. (ALICO) as an independent entity and seek an initial public offering and public listing in New York,...
Jul 7 2009 // A group of private equity investors, including affiliates of The Blackstone Group, Goldman Sachs and Credit Suisse, is launching a new life insurance and benefits brokerage serving the middle market and small businesses,...
Jun 19 2009 // Several U.S. private equity firms and Taiwanese financial groups are showing early interest in the sale of AIG’s Taiwan life insurance unit, banking sources said on Friday, in a deal the seller hopes could raise...
May 18 2009 // Government approval for billions of dollars in taxpayer bailout funds for life insurers is dividing the industry into haves and have-nots, with Ameriprise Financial Incand possibly others rejecting the government’s...
May 18 2009 // Hartford Financial Services Group Inc. said it plans to keep its U.S. property/casualty and life businesses, after winning approval last week to tap $3.4 billion of federal bailout funds.Chief Executive Ramani Ayer...
May 15 2009 // At least four U.S. insurers won approval on Thursday to raise billions of dollars through the government’s bank bailout plan, the U.S. Treasury Department said.Hartford Financial , the No. 4 U.S. insurer and beset by...
May 7 2009 // American International Group, Inc. (AIG) today reported a net loss for the first quarter of 2009 of $4.35 billion compared to a net loss of $7.81 billion in the first quarter of 2008.The loss was less than the $5 billion...
May 5 2009 // Billionaire Warren Buffett on Sunday criticized some life insurers for taking on “crazy” financial risks by selling variable annuities, or retirement products that promised unrealistic guarantees to buyers.The...
Apr 29 2009 // U.S. life insurers, weakened by the global financial crisis, are in for mergers and regulators will not shy away from playing matchmaker to deal with weak companies, Eric Dinallo, New York’s insurance superintendent,...
Apr 10 2009 // U.S. life insurers, already weakened by the global financial crisis, are expected to report their worst-ever quarterly results in the coming weeks, stoking expectations that federal funds will be needed to prevent the...
Mar 27 2009 // The nation’s insurance industry found some things to like and not to like in Treasury Secretary Timothy Geithner’s proposed restructuring of financial services regulation.While Secretary Geithner said that any...
Mar 13 2009 // AIG’s recent claims that its collapse could threaten not just banking counterparties but also decimate the broader U.S. life insurance industry are alarming but also largely unproven.The contention was made in a...
Mar 12 2009 // Japanese non-life insurers Sompo Japan Insurance and NipponKoa Insurance plan to merge, an industry source said, in the second deal in less than two months in a sector struggling with slumping demand and a dwindling,...
Mar 6 2009 // Hartford Financial Services Group Inc. is in talks to sell most of its life insurance subsidiary to Sun Life Financial Inc. of Canada, Bloomberg News reported, citing anonymous people.Splitting the Hartford, Conn.-based...
Mar 5 2009 // Testimony by New York Insurance Superintendent Eric Dinallo to the United States Senate Committee on Banking, Housing and Urban Affairs Hearing on “American International Group: Examining What Went Wrong, Government...
Mar 4 2009 // Nebraska’s highest court will determine whether a state insurance guaranty fund must cover nearly $1 million in losses suffered by 26 Nebraskans in a life insurance deal.The Nebraska Supreme Court heard arguments...
Feb 20 2009 // Prudential Financial Inc. is leading the race to buy two Japanese life insurers put on sale by American International Group Inc. in a deal due to close next week, sources familiar with the matter said on Friday.AIG Edison...
Feb 9 2009 // Insurance companies that applied for capital injections from the government’s $700 billion financial bailout fund could get approval as soon as Monday, two sources familiar with the matter said Saturday.Some...
Jan 30 2009 // State insurance regulators voted against a proposal to loosen capital requirements for the battered life insurance industry, shooting down hopes for up to $30 billion in relief.The National Association of Insurance...
Jan 12 2009 // The U.S. Office of Thrift Supervision said on Friday that it approved applications from Hartford Financial Services Group Inc and Lincoln National Corp to become bank holding companies, an important step toward these...