AP – THE 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 March 1, it said it would sell its AIA Group unit to Prudential PLC for $35.5 billion.
If you enjoyed this post, make sure you subscribe to my RSS feed!
AP – American International Group Inc. said Monday that it will sell its American Life Insurance Co. division for $15.5 billion to MetLife Inc. The government-approved deal, AIG’s second big asset sale in two weeks, will give the insurer more cash to repay the billions of bailout dollars it still owes the government.
If you enjoyed this post, make sure you subscribe to my RSS feed!
Reuters – MetLife Inc pursued AIG’s foreign life insurance business for two years before finally clinching a $15.5 billion purchase that will give it beachheads in 47 nations from Peru to Bangladesh.
If you enjoyed this post, make sure you subscribe to my RSS feed!
AFP – US life insurance giant MetLife will acquire a unit of American International Group in a 15.5-billion-dollar deal that will help AIG pay back part of its government bailout, the firms said Monday.
If you enjoyed this post, make sure you subscribe to my RSS feed!
AFP – US insurance giants American International Group and MetLife will on Monday announce a $15.5 billion deal for AIG’s second-largest foreign life-insurance business, The Wall Street Journal reported.
If you enjoyed this post, make sure you subscribe to my RSS feed!
Reuters – 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 on Thursday.
If you enjoyed this post, make sure you subscribe to my RSS feed!
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.
If you enjoyed this post, make sure you subscribe to my RSS feed!
Reuters – 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 on Tuesday.
If you enjoyed this post, make sure you subscribe to my RSS feed!
AP – MetLife Inc., a leading life insurance company, says its profit tumbled 70 percent in the fourth quarter as it paid out more in claims and benefits.
If you enjoyed this post, make sure you subscribe to my RSS feed!
