American International Group Inc. plans to rebuild life-insurance sales outside the U.S. after divesting operations in Asia and Europe to help repay a taxpayer bailout, Chief Executive Officer Robert Benmosche said.
Principal Financial Group Inc., the insurer that last month agreed to buy a Chilean pension provider, fell the most in the KBW Insurance Index after giving a 2013 outlook that fell short of some estimates.
MetLife Inc. , the largest U.S. life insurer, said first-quarter profit climbed 20 percent on higher international revenue and investment income after buying a unit from American International Group Inc.
American International Group Inc., once the world’s largest insurer, is getting a fresh start as a more focused company as the U.S. exits its stake four years after a bailout, Chief Executive Officer Robert Benmosche said.
The 14 largest U.S. mortgage servicers must pay back homeowners for losses from foreclosures or loans that were mishandled in the wake of the housing collapse, according to consent decrees released yesterday.