After just three months as head of battered insurer American International Group, Robert Benmosche has threatened to leave his post as he struggles to deal with heavy government oversight and restrictions on what the bailed-out company wants to pay employees, according to a published report.
The joint venture that borrowed heavily to buy Stuyvesant Town and Peter Cooper Village in 2006 could be among the first to take advantage of changes in U.S. tax law that let borrowers seek payment relief, when it said last week that it could not keep paying interest on a $3 billion loan.
NEW YORK (Reuters) - Prudential Financial Inc <PRU.N>, the No. 2 U.S. life insurer, said on Wednesday it had a third-quarter profit, reversing a year earlier loss, on record annuity sales and better performance in its investment portfolios.
Thursday, 29 Oct 2009 | Source: The Associated Press
MetLife Inc. reports quarterly results after the market closes Thursday, and investors will be anxious to see whether the improvement in the financial markets during the quarter will translate to better results in the insurer's investment portfolio.
Wednesday, 17 Jun 2009 | Source: The Associated Press
This is the summer of the new frugality. Saving money is chic, including when it comes to insurance. But reducing coverage does not mean instant cost savings.
Friday, 15 May 2009 | Source: The Associated Press
The federal government has agreed to extend billions in bailout funds to six major life insurers, helping them shore up their capital positions after major investment losses.
Thursday, 7 May 2009 | Source: CNBC staff and wire reports
US banking regulators released results of the stress tests on the 19 biggest American financial institutions, saying which banks need additional capital to survive a worsening of the economy
If last week is any indication, the market focus will be less on stocks and more on bonds and the dollar; while the dollar staged a late-week rally, the Treasury auction this week and continued weakness in long-dated Treasuries continues to be a worry for traders... Read More