life insurance businesses

• AIG's Profit of $11.2 Billion Lifted By Asset Sales

  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.

• ACE Nets N.Y. Life Hong Kong, Korea Operations

  By Allison Bell  |  October 28, 2010

  ACE Ltd. has agreed to pay about $425 million in cash for the New York Life Insurance Company life insurance businesses in Hong Kong and Korea.

• S&P Raises Some AIG Ratings, Treasury Names 2 Directors

  By Arthur D. Postal, PropertyCasualty360.com  |  April 2, 2010

  Standard & Poor's has upgraded AIG's long-term counterparty credit rating and raised its stand-alone credit profile five notches to reflect the federal government's financial support for the company.

• Buffett Says He Goofed With GEICO Credit Card Unit

  By Mark E. Ruquet, PropertyCasualty360.com  |  March 2, 2010

  Warren E. Buffett, chairman and chief executive officer of Berkshire Hathaway told investors that he goofed and should have listened to the management of GEICO when the company introduced its own credit card.