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MetLife, the largest U.S. life insurer, said its considering a sale, spinoff or public offering of much of the retail operation.

Carl Icahn, the billionaire investor, disclosed an investment in American International Group Inc. and said it should split into three companies.

AIG., which opted against joining Maurice Hank Greenberg in a suit against the U.S., became a victor in the case after a judge ruled that the former chief executive officer isnt entitled to compensation over the insurers 2008 rescue.

Warren Buffett said his firm isnt even close to being a too-big-to-fail risk to the economy.

American International Group Inc. said it would weigh reshaping the company to escape the U.S. government risk tag that brings greater regulatory oversight.

A member of the U.S. panel charged with preventing another financial crisis said hes concerned that global regulators have too much sway over American policy, especially on insurance.

MetLife Inc. CEO Steven Kandarian was accompanied by Washington lawyer Eugene Scalia at a hearing today to challenge regulators proposal to subject the insurer to Federal Reserve oversight, a person with knowledge of the matter said.

The designation of MetLife as a systemically important financial institution on Thursday drew an immediate response from the P&C insurance industry.