Insurer Conseco posts 4Q profit, reversing a loss (AP)

AP – Conseco Inc., the parent of Banker’s Life and Casualty and Colonial Penn Life Insurance, on Friday posted a fourth-quarter profit, reversing last year’s loss, as sales rose 18 percent and the company lost less on investments than during the market downturn.

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Cleaning up toxic mortgage assets a slow task (FT.com)

FT.com – With $45bn of investments in securities backed by US mortgages – or nearly a quarter of the insurance group’s total assets – it is no overstatement to say that MetLife is a heavyweight in the mortgage market.

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Mortgage investors try to regroup after meltdown (AP)

AP – The financial wizards who concocted the complicated mortgage-linked investments that nearly brought down the world economy are trying to come back from the dead.

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