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MetLife Sells its Banking Unit to Avoid Strict New Fed Regulations

January 21, 2016

In order to avoid new federal rules and heightened scrutiny from the Federal Reserve and other regulators as a "systemically important financial institution," MetLife has decided to sell its banking unit. MetLi...

AIG Sells $2 Billion in Bonds

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November 26, 2015

Insurance Industry

Bailed-out insurance giant American International Group (AIG) sold $2 billion of bonds in its first debt offering since it was rescued in 2008, according to Bloomberg. In a two-part sale, AIG issued three-year...

AIG Sells Two Japanese Units for $4.8 Billion

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May 17, 2015

Insurance Industry

As expected, American International Group (AIG) said Thursday it will sell AIG Star Life Insurance and AIG Edison Life Insurance in Japan to Prudential Financial (PRU) for $4.8 billion. The deal marks yet anoth...

Marsh & McLennan Sells Kroll for $1.13 Billion

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March 27, 2015

Insurance Industry

Security services firm Altegrity has agreed to buy rival Kroll from Marsh & McLennan (MMC) for $1.13 billion. Kroll had been in an auction since February and attracted tier-one private equity operators like...

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