Prudential P.L.C., the British financial services firm, is in talks with the American International Group over a potential deal for the American firm’s giant Asia life insurance operations that could be worth more than $30 billion, people briefed on the matter told DealBook on Saturday.
Read on: Prudential P.L.C. in Talks to Buy A.I.G. Asia Unit
Source: http://dealbook.blogs.nytimes.com
MINNEAPOLIS, Feb 26, 2010 (BUSINESS WIRE) -- Minneapolis-based Allianz Life Insurance Company of North America (Allianz Life) today posted the highest operating profit in the company's 110-year history at nearly $800MM for its 2009 financial year. The results can be attributed to strong operational performance coupled with rebounding economic conditions, including rising interest rates and narrowing credit spreads, which may not continue or be as impactful in 2010.
Read on: Allianz Life Reports Solid Operating Profits and Premium for 2009
Source: http://www.marketwatch.com
After two straight profitable quarters, AIG is expected to report a substantial loss for the fourth quarter when the troubled insurer announces its latest financial results Friday morning.
Read on: AIG to take a big hit
Source: http://money.cnn.com
Although some of us thinks that US insurance market is kind of saturated and there is very little scope for new player to gain recognition and market, there are business groups who believes in their strategic long term plans and knows how to get recognition.
Here is a news - Headquartered with the Industrial Alliance Pacific Life Insurance Company ("IA Pacific") US division in Scottsdale, Arizona, IA American is the next phase of the Company's long-term growth strategy in the United States.
Read on - A New American Life Insurance Company is Launched: IA American
Source: http://www.prnewswire.com
