Hartford Financial Services Group Inc. will probably expand share repurchases after agreeing to sell its Japanese operations to Orix Corp. for about $895 million.
Insurance companies are fighting the legacy of American International Group Inc. as they seek to avoid being branded systemically risky and the extra supervision that comes with that designation.
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.
American International Group Inc., the insurer majority-owned by the U.S. Treasury Department, said profit increased 27 percent on investments and improvements at its property-casualty unit.
Aflac Inc., the largest seller of supplemental health insurance, is betting on Japanese government debt in a retreat from a plan it put in place a year ago.
"We think PRU's management addressed well and head-on the continued concerns voiced both by investors and a few competitors over the pricing and returns of its pension risk transfer business."
- John Nadel on Nov 06, 2014