Entries tagged "Prudential"
Job cuts have hit Societe Generale, Bank of America and Prudential Asset Management.
Prudential Financial Inc. is apparently in the lead to buy AIG Edison Life Insurance Co. and AIG Star Life Insurance, two Japanese life insurers.
Beleaguered insurance company American International Group Inc. may have found buyers for two of its Japanese life insurance businesses, Reuters reported Tuesday. Prudential Financial Inc., Manulife Financial Corp. and three other companies are expected to make bids for the two companies, Reuters said, citing people familiar with the matter. Specifically, Prudential unit Gibraltar Life Insurance Co. and Manulife will bid for AIG Edison Life Insurance Co. and AIG Star Life Insurance Co. Reuters said the remaining three bidders are a Japanese insurance company and two non-Japanese firms. ...
U.K insurer Prudential plc could sell a 20% stake worth up to £1.2 billion ($2.1 billion) in itself to a sovereign wealth fund, according to The Sunday Times of London, in order to fund a $15 billion bid for the Asian business of American International Group Inc. ...
