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AIG agrees to $35.5 billion unit sale to Prudential: sources (Reuters)

Posted on February 28th, 2010

The logo of British life insurer Prudential is seen on their building, in London October 21, 2008. REUTERS/Stephen HirdReuters - American International Group Inc agreed to sell its Asian life insurance unit to Britain's Prudential Plc for about $35.5 billion, in a deal that would help the U.S. government get back billions of its bailout money, sources familiar with the matter said.


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Republicans want hearing on Fannie/Freddie bailout (Reuters)

Posted on February 28th, 2010
Reuters - Two key Republicans are urging the House of Representatives to speed up a public hearing to investigate the administration's bailout of home funding giants Fannie Mae and Freddie Mac.

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Report: Prudential PLC nears buy of AIG unit (AP)

Posted on February 28th, 2010
AP - The board of American International Group Inc. has approved the sale of its Asian life insurance arm to British life insurer Prudential PLC, according to media reports Sunday.

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Reports: Prudential PLC may buy AIG unit (AP)

Posted on February 27th, 2010
AP - Prudential PLC, Britain's largest life insurer, is exploring a bid for the Asian life-insurance arm of American International Group Inc., according to media reports Saturday.

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Fannie Mae seeks $15.3B in gov’t aid after 4Q loss (AP)

Posted on February 26th, 2010
AP - Fannie Mae needs another $15 billion in federal assistance, bringing its total to more than $75 billion. And worse, the mortgage finance company warned its losses will continue this year.

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Earnings roundup: Fannie Mae, NYMagic (AP)

Posted on February 26th, 2010
AP - Among the earnings stories for Friday, Feb. 26, from AP Financial News:

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Insurer Conseco posts 4Q profit, reversing a loss (AP)

Posted on February 26th, 2010
AP - Conseco Inc., the parent of Banker's Life and Casualty and Colonial Penn Life Insurance, on Friday posted a fourth-quarter profit, reversing last year's loss, as sales rose 18 percent and the company lost less on investments than during the market downturn.

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