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AIG won't join a shareholder lawsuit against the US government

...focusing on its core insurance operations and repaying the government's bailout cash.The insurer spun off Asian life insurer AIA Group in Hong Kong's biggest initial public offering in 2010, raising $20 billion, which was used to pay bailout...

http://chronicle.augusta.com/news/business/2013-01-09/aig-wont-join-shareholder-
AIG to sell Asian life insurer to repay bailout

American International Group Inc. is selling a cornerstone of its business, Asia-based life insurer AIA Group, in a government-approved $35.5 billion deal. The sale to British insurer Prudential PLC could reduce by nearly...

http://chronicle.augusta.com/news/business/2010-03-01/aig-sell-asian-life-insure
Business
Symetra offering may overshadow 5 other IPOs

...Buffett getting most of the attention. Buffett's Berkshire Hathaway Inc. holds a sizable stake in Bellevue, Wash. life insurer Symetra Financial Corp., which hopes to raise about $351 million in its initial public offering. Symetra, which...

http://chronicle.augusta.com/stories/2010/01/21/bus_564020.shtml
Business
MetLife purchasing Travelers Life from Citigroup

...two companies, both based in New York, said in a statement that the deal will make MetLife "the largest individual life insurer in North America, based on sales." In addition to buying Travelers Life, MetLife also is acquiring almost all of...

http://chronicle.augusta.com/stories/2005/02/01/bus_441477.shtml
Business
IPO market gets off to rocky start in 2010

...and in an uncertain market. Of the six companies scheduled to have initial public offerings on Friday, just one, life insurer Symetra Financial Corp., could be considered a success. And that was thanks, in large part, to a name Americans...

http://chronicle.augusta.com/stories/2010/01/23/bus_564383.shtml
Business
Parents can teach their children a lot about personal finance

...finance is discussed are more successful in handling money as adults," said Meridee Maynard, a vice president at life insurer Northwestern Mutual in Milwaukee. "The earlier parents start working with their kids, the better," she said. There's...

http://chronicle.augusta.com/stories/2004/04/11/fin_411752.shtml
Finance
AIG sells Alico unit to MetLife

...billion.On March 1, AIG agreed to sell Asia-based life insurer, AIA Group, to Britain's Prudential PLC for $35...Korea, Chile and in Mexico, where it is the largest life insurer.Henrikson said he didn't consider a purchase of...

http://chronicle.augusta.com/news/business/2010-03-08/aig-sells-alico-unit-metli
Business
Business briefs

...Prudential Insurance Co. of America. An accounting firm has said the settlement could cost the nation's largest life insurer up to $2 billion. As many as 10.7 million policyholders who bought Prudential policies from 1982 to 1995 may qualify...

http://chronicle.augusta.com/stories/1997/03/11/biz_205147.shtml
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Business briefs

...exceptionally bright spot" with shipments up 10.9 percent throughout the industry. Another company added HOUSTON - Life insurer American General Corp. announced Friday that it plans to add another insurance company to its fold by acquiring Western...

http://chronicle.augusta.com/stories/1997/09/13/biz_214598.shtml
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Business briefs

...The class-action settlement approved March 7 by Judge Wolin, which is not capped, will cost the nation's largest life insurer at least $410 million and by some estimates up to $2 billion. TV company cutting work force NEW YORK - Scholastic...

http://chronicle.augusta.com/stories/1997/05/30/biz_209100.shtml
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