John Nadel News
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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.
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Prudential Financial Inc., the second-biggest U.S. life insurer, fell the most among the largest financial firms after reporting a loss on costs tied to currency fluctuations.
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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.
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Prudential Financial Inc., the second- largest U.S. life insurer, posted the biggest decline in the Standard & Poor’s 500 Index after first-quarter results missed analysts’ estimates.
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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.
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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.
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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.
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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.
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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.
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Unum Group dropped the most in the Standard & Poor’s 500 Index after the company reported a fourth- quarter loss tied to group long-term care coverage and said it was retreating from the business.
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