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Jul
30

Smoking and Drinking on the Decline in the UK but Still Generating Controversy

For fully fifty years there has been a simple and oft repeated message from heath professionals across the world - ' Stop smoking and keep alcohol consumption to ' moderate'  levels'.

All of the ailments that tend to lead to early death - cardiac disease, strokes and the principal cancers are all strongly associated  with these two 'lifestyle' issues. The impact over the…

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May
25

AIG Raises $8.7 Billion through Share Sale

On Tuesday, American International Group Inc. (AIG) sold its first new stock offering since its near-collapse and ensuing United States government bailout in 2008, moving 300 million shares priced at US$29 each, to raise a total of US$8.7 billion for the insurance giant.

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May
09

Reinsurance Fallout from Q1 Catastrophes Continues

More established players in the reinsurance market are set to release their quarterly accounts and reassess their capacity to now meet annual growth targets.

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Aug
09

MetLife Receives Regulatory Approval for Takeover of Hungarian ALICO Subsidiary

In part of its pending takeover of ALICO, MetLife has been given regulatory approval for the purchase of ALICO's local, wholly-owned subsidiary AHICO. The regulatory approval for transfer of AHICO is part of the deal between AIG and MetLife Inc., which will see MetLife…

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Aug
03

MetLife Selling More Equity than Originally Planned for Alico Deal

American Insurer, MetLife Inc., will have to raise the amount of equity it is selling to finance its purchase of AIG's international insurance subsidiary, American Life Insurance Company (Alico), which it announced in March. The sale…

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Feb
24

American International Group May be on the Road to Recovery

American International Group may be on the road to recovery 17 months after the company received a US$ 182.3 Billion bailout from the American government at the peak of the global financial crisis of 2008/2009. AIG, whose failure threatened to collapse the USA's economy, has improved its means to repay the bailout which it received through increased sales in the company's property-casualty business.…

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