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By Associated Press |
February 25, 2011
Bailed-out insurer AIG ended the year on a strong note, earning income of $11.2 billion in the fourth quarter.
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By Arthur D. Postal, PropertyCasualty360.com |
June 2, 2010
Prudential Plc withdrew its offer to purchase American International Group's International Assurance Group (AIA) Asian life insurance subsidiary.
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By Daniel Hays |
April 27, 2010
European insurers will be ramping up merger and acquisition activity driven by regulatory action, a search for growth and group restructuring to meet EU competition rules, a rating firm predicted.
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By Mark E. Ruquet, PropertyCasualty360.com |
March 2, 2010
Reacting to American International Group's agreement to sell its Asian life unit to Prudential, LLC for $35.5 billion, Moody's Investors Service affirmed ratings of two entities and Standard & Poor's placed one on ratings watch.
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By Mark E. Ruquet, PropertyCasualty360.com |
March 1, 2010
American International Group Inc. said it has agreed to sell American International Assurance Group Ltd. to Britain-based Prudential plc for approximately $35.5 billion, its largest asset sale to date as the insurer works to pay back its government debt.