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	<title>Stock Blog Hub &#187; Prudential plc</title>
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		<title>(RAA) Insurance Industry Stock Update &#8211; May 2011 &#8211; Industry Outlook</title>
		<link>http://www.stockbloghub.com/2011/05/05/raa-insurance-industry-stock-update-may-2011-industry-outlook/73446</link>
		<comments>http://www.stockbloghub.com/2011/05/05/raa-insurance-industry-stock-update-may-2011-industry-outlook/73446#comments</comments>
		<pubDate>Fri, 06 May 2011 01:12:40 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Closed-End Fund - Debt]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[AFG]]></category>
		<category><![CDATA[AGII]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American Financial Group Inc.]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[American Safety Insurance Holdings Limited]]></category>
		<category><![CDATA[Argo Group International Holdings Limited]]></category>
		<category><![CDATA[ASI]]></category>
		<category><![CDATA[BlackRock California Investment Quality Municipal]]></category>
		<category><![CDATA[CNA]]></category>
		<category><![CDATA[CNA Financial Corporation]]></category>
		<category><![CDATA[CNO]]></category>
		<category><![CDATA[Conseco Inc.]]></category>
		<category><![CDATA[Delphi Financial Group Inc.]]></category>
		<category><![CDATA[DFG]]></category>
		<category><![CDATA[FBL Financial Group Inc.]]></category>
		<category><![CDATA[FFG]]></category>
		<category><![CDATA[ING]]></category>
		<category><![CDATA[ING Groep NV]]></category>
		<category><![CDATA[Lincoln National Corporation]]></category>
		<category><![CDATA[LNC]]></category>
		<category><![CDATA[Old Republic International Corporation]]></category>
		<category><![CDATA[ORI]]></category>
		<category><![CDATA[Prudential plc]]></category>
		<category><![CDATA[PUK]]></category>
		<category><![CDATA[RAA]]></category>
		<category><![CDATA[RLI]]></category>
		<category><![CDATA[RLI Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=73446</guid>
		<description><![CDATA[After enduring stress with respect to pricing pressure and reduced insured exposure through mid-2009, the overall health of the U.S. insurance industry has improved to some extent in recent quarters. Though the market turmoil forced many companies to take immense write-downs, the worst of the crisis appears to be now behind us. However, long-lasting soft market conditions, shrinking businesses, a still-high unemployment rate and legislative challenges are threatening insurers’ ability to rebound to the historical growth rate. The industry continues to be challenged by subdued pricing and premium volume growth in a perked up economy as well as a massive health care restructuring. Though there are signs of economic recovery, its sluggish pace is expected to continue at least through 2011. Also, structural economies of scale have pushed the industry ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(MET) MetLife Seals Taiwan Deal</title>
		<link>http://www.stockbloghub.com/2011/03/31/met-metlife-seals-taiwan-deal/70164</link>
		<comments>http://www.stockbloghub.com/2011/03/31/met-metlife-seals-taiwan-deal/70164#comments</comments>
		<pubDate>Thu, 31 Mar 2011 19:25:54 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Life Insurance]]></category>
		<category><![CDATA[AEG]]></category>
		<category><![CDATA[Aegon N V Adr]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[ING]]></category>
		<category><![CDATA[ING Groep NV]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife Inc.]]></category>
		<category><![CDATA[Prudential plc]]></category>
		<category><![CDATA[PUK]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=70164</guid>
		<description><![CDATA[The Wall Street Journal has reported that MetLife Inc. (MET) has finally been able to vend its Taiwan life insurance unit to Chinatrust Financial Holdings Co. for about $180 million. This is the second desperate attempt of the company to move out of Taiwan given the limited scope for growth in the region. Previously, in April 2010, the company had almost sealed a deal with Waterland Financial Holdings Co., a tiny financial firm in Taiwan, who had agreed to purchase it for about $112 million. However, the deal did not culminate since the regulatory authorities in Taiwan were skeptical about the financial health of Waterland. Furthermore, in January 2010, Taiwan Life Insurance Co. offered $122 million to buy MetLife’s insurance wing in Taiwan. However, the deal failed to materialize due ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/03/31/met-metlife-seals-taiwan-deal/70164/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIG) American International Group&#8217;s AIA IPO Raises $17.9 Billion</title>
		<link>http://www.stockbloghub.com/2010/10/25/aig-american-international-groups-aia-ipo-raises-17-9-billion/56384</link>
		<comments>http://www.stockbloghub.com/2010/10/25/aig-american-international-groups-aia-ipo-raises-17-9-billion/56384#comments</comments>
		<pubDate>Tue, 26 Oct 2010 04:51:41 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife]]></category>
		<category><![CDATA[PRU]]></category>
		<category><![CDATA[Prudential Financial Inc.]]></category>
		<category><![CDATA[Prudential plc]]></category>
		<category><![CDATA[PUK]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=56384</guid>
		<description><![CDATA[On the back of strong demand and good positioning in the market, the American International Group Inc. (AIG) has raised $17.9 billion, as the company vended off the 58.4% stake in its Asian life-insurance unit, American International Assurance Group Ltd. (AIA) by offering 7.03 billion shares priced at HKD19.68 ($2.53) each. However, if the underwriters exercise the over-allotment option, the IPO size would rise 15% to $20.5 billion. Also, AIG is holding the remaining 41.6% stake that would drop to 33%, if it exercises an option to issue more shares. AIG is subject to a lock-in period of 6 months and must hold at least a 30% stake in AIA for a year, post-listing. AIG plans to utilize the sale proceeds of AIA to repay some of the US government ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/10/25/aig-american-international-groups-aia-ipo-raises-17-9-billion/56384/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIG) American International Group Estimates $2 Billion Profit for Asian Unit in 2010</title>
		<link>http://www.stockbloghub.com/2010/09/27/aig-american-international-group-estimates-2-billion-profit-for-asian-unit-in-2010/52841</link>
		<comments>http://www.stockbloghub.com/2010/09/27/aig-american-international-group-estimates-2-billion-profit-for-asian-unit-in-2010/52841#comments</comments>
		<pubDate>Tue, 28 Sep 2010 04:29:33 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Barclays plc]]></category>
		<category><![CDATA[BCS]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[Prudential plc]]></category>
		<category><![CDATA[PUK]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=52841</guid>
		<description><![CDATA[Over the weekend, American International Group Inc. (AIG) estimated pre-tax earnings of about $2 billion for its Asian life-insurance unit, American International Assurance Group Ltd. (AIA), in fiscal 2010. This is notably higher than the $1.84 billion pre-tax operating profit earned by AIA in fiscal 2009, as reported by Prudential plc (PUK) in March 2010. Background Story&#8230; AIG started reorganizing for the initial public offering (IPO) of AIA in Hong Kong after Prudential refused to buy the unit for about $35.5 billion in May 2010. After facing several hurdles and rejections, AIG finally acquired preliminary approval from the Hong Kong exchange last week to list AIA share trading from October 29, 2010 onwards. Since then, AIG has started to estimate its investor demand, expecting to raise about US$15 billion from ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/09/27/aig-american-international-group-estimates-2-billion-profit-for-asian-unit-in-2010/52841/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIG) American International Group Rejected by Taiwan on Unit Sale</title>
		<link>http://www.stockbloghub.com/2010/09/13/aig-american-international-group-rejected-by-taiwan-on-unit-sale/49923</link>
		<comments>http://www.stockbloghub.com/2010/09/13/aig-american-international-group-rejected-by-taiwan-on-unit-sale/49923#comments</comments>
		<pubDate>Mon, 13 Sep 2010 13:38:55 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AEG]]></category>
		<category><![CDATA[Aegon N V Adr]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[Fifth Street Finance Corporation]]></category>
		<category><![CDATA[FSC]]></category>
		<category><![CDATA[Inc.]]></category>
		<category><![CDATA[ING]]></category>
		<category><![CDATA[ING Groep NV]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife]]></category>
		<category><![CDATA[Prudential plc]]></category>
		<category><![CDATA[PUK]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=49923</guid>
		<description><![CDATA[Earlier today, Taiwanese regulators rejected American International Group Inc.’s (AIG) bid to sell its Taiwanese unit Nan Shan Life Insurance Co. to a Hong-Kong based consortium, according to Reuters. The $2.15 billion bid by the consortium, which comprises Primus Financial Holdings Ltd., a Chinese investment firm, and China Strategic Holding Ltd., a battery maker, was rejected citing political concerns in the country. The buyers can file an appeal to the Cabinet within 30 days. AIG had agreed to sell its Taiwan unit Nan Shan to the consortium in order to pay off its US government bailout money. The deal was earlier decided to be closed by July 2010. However, it got delayed by three months due to regulatory concerns in Taiwan such as the prohibition of Chinese investments in Taiwan ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/09/13/aig-american-international-group-rejected-by-taiwan-on-unit-sale/49923/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIG) American International Group Unit Signs Deal with China Bank</title>
		<link>http://www.stockbloghub.com/2010/09/10/aig-american-international-group-unit-signs-deal-with-china-bank/51041</link>
		<comments>http://www.stockbloghub.com/2010/09/10/aig-american-international-group-unit-signs-deal-with-china-bank/51041#comments</comments>
		<pubDate>Sat, 11 Sep 2010 05:43:32 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Barclays plc]]></category>
		<category><![CDATA[BCS]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[Prudential plc]]></category>
		<category><![CDATA[PUK]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=51041</guid>
		<description><![CDATA[In a move to strengthen its position in China, American International Assurance Co. (“AIA”), the Asian arm of American International Group Inc. (AIG), signed a bancassurance agreement with Industrial &#38; Commercial Bank of China Ltd. (“ICBC”) to sell its life insurance products at ICBC’s branches. To date, AIA has 17 bancassurance agreements in China and is the only foreign company to own its Chinese operating license outright. This agreement will allow AIA to market its products through ICBC’s more than 16,000 branches. AIA will also work hand in hand with ICBC in the field of sales and marketing, product innovation, service quality, technological advancement and sustainable profitability. AIA has already positioned itself as the leading foreign life assurer in China, having more than 25,000 sales agents in the country and ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/09/10/aig-american-international-group-unit-signs-deal-with-china-bank/51041/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIG) American International Group International Lease Finance Unit Repays US Loan</title>
		<link>http://www.stockbloghub.com/2010/08/23/aig-american-international-group-international-lease-finance-unit-repays-us-loan/49050</link>
		<comments>http://www.stockbloghub.com/2010/08/23/aig-american-international-group-international-lease-finance-unit-repays-us-loan/49050#comments</comments>
		<pubDate>Mon, 23 Aug 2010 23:40:34 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife]]></category>
		<category><![CDATA[Prudential plc]]></category>
		<category><![CDATA[PUK]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=49050</guid>
		<description><![CDATA[International Lease Finance Corp. (“ILFC”), an aircraft-leasing wing of American International Group Inc. (AIG), has repaid the US government loan of $3.9 billion, following the debt offering of $4.4 billion of secured and unsecured notes. ILFC now has a principal loan balance of over $15 billion with the Federal Reserve Bank of New York, which it expects to repay without any support of its parent company AIG. ILFC raised $4.4 billion of new debt on August 11, of which ILFC sold $3.9 billion of secured debt in the private 144a market and the remaining $500 million by way of 9% 7-year unsecured notes. Besides the debt sale of $4.4 billion in secured and unsecured debt, AIG’s ILFC unit has sold 53 planes for $2 billion in April and amended its ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/08/23/aig-american-international-group-international-lease-finance-unit-repays-us-loan/49050/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIG) American International Group Faces Lawsuit</title>
		<link>http://www.stockbloghub.com/2010/07/19/aig-american-international-group-faces-lawsuit/44005</link>
		<comments>http://www.stockbloghub.com/2010/07/19/aig-american-international-group-faces-lawsuit/44005#comments</comments>
		<pubDate>Mon, 19 Jul 2010 22:08:46 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIA]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[Marsh & McLennan Companies Inc]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife]]></category>
		<category><![CDATA[MMC]]></category>
		<category><![CDATA[Prudential plc]]></category>
		<category><![CDATA[PUK]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=44005</guid>
		<description><![CDATA[Along with the burden of repaying the bailout money, American International Group Inc. (AIG) agreed on Friday to pay $725 million to three Ohio public pension funds for the settlement of a class action lawsuit, filed with Securities and Exchange Commission in October 2004 over allegations of inflating the claim reserves. The lawsuit was submitted to the Manhattan federal court on behalf of the Ohio Public Employees Retirement System, the State Teachers Retirement System of Ohio and the Ohio Police and Fire Pension Fund, collectively called the Ohio funds, against AIG and its three executives. The lawsuit alleges that AIG fraudulently entered into a reinsurance transaction with another company to inflate its reported claims reserves. It also failed to disclose illegal contingent commission agreements with other insurance companies Incorporatedluding Marsh, ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/07/19/aig-american-international-group-faces-lawsuit/44005/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIG) American International Group Plans to Sell Japanese Units</title>
		<link>http://www.stockbloghub.com/2010/07/14/aig-american-international-group-plans-to-sell-japanese-units/42621</link>
		<comments>http://www.stockbloghub.com/2010/07/14/aig-american-international-group-plans-to-sell-japanese-units/42621#comments</comments>
		<pubDate>Wed, 14 Jul 2010 19:55:06 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife]]></category>
		<category><![CDATA[Prudential plc]]></category>
		<category><![CDATA[PUK]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=42621</guid>
		<description><![CDATA[The troubled insurer, American International Group (AIG), is planning to sell its two Japanese life insurance units – AIG Star Life Insurance Co. and AIG Edison Life Insurance Co. – The Wall Street Journal reported on Thursday. The combined sale could fetch proceeds of about $5 billion. AIG had been mulling over the sales of its overseas businesses to pay back the bailout money to the federal reserve, which rescued AIG from collapsing in 2008. The planned divestitures will help AIG partly repay the $182.3 billion bailout money it had received from the Treasury. Repayment of the bailout money will in turn liberate the company from pay restrictions. AIG had previously thought of vending these two Japanese life insurance units, but decided to hold back in an effort to stabilize ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/07/14/aig-american-international-group-plans-to-sell-japanese-units/42621/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIG) American International Group Still Target of Chinatrust</title>
		<link>http://www.stockbloghub.com/2010/07/14/aig-american-international-group-still-target-of-chinatrust/42799</link>
		<comments>http://www.stockbloghub.com/2010/07/14/aig-american-international-group-still-target-of-chinatrust/42799#comments</comments>
		<pubDate>Wed, 14 Jul 2010 13:41:11 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AEG]]></category>
		<category><![CDATA[Aegon N V Adr]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[ING]]></category>
		<category><![CDATA[ING Groep NV]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife]]></category>
		<category><![CDATA[Prudential plc]]></category>
		<category><![CDATA[PUK]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=42799</guid>
		<description><![CDATA[Despite the lapse of the original share swap agreement with the Hong Kong-led consortium, Chinatrust Financial Holding Co. Ltd., one of the biggest financial groups of Taiwan, said on Monday that it is still eyeing American International Group Inc’s. (AIG) Taiwan unit, Nan Shan Life Insurance Co. Ltd. The consortium, formed by Primus Financial Holdings Ltd., a Chinese private-equity firm, and a former battery maker, China Strategic Holding Ltd., had agreed to buy Nan Shan in October 2009 for $2.15 billion. However, the deal was stalled due to regulatory concerns in Taiwan about the buyers having ties with mainland China and being supported by Chinese funds. Besides, Taiwan had concerns over the buyer’s potential to own such a high profile business. Amidst the concerns, the consortium announced the share swap ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/07/14/aig-american-international-group-still-target-of-chinatrust/42799/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIG) AIG Analyst Upgrades The Stock To Outperform</title>
		<link>http://www.stockbloghub.com/2010/06/30/aig-aig-analyst-upgrades-the-stock-to-outperform/41994</link>
		<comments>http://www.stockbloghub.com/2010/06/30/aig-aig-analyst-upgrades-the-stock-to-outperform/41994#comments</comments>
		<pubDate>Wed, 30 Jun 2010 22:04:08 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife]]></category>
		<category><![CDATA[Prudential plc]]></category>
		<category><![CDATA[PUK]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=41994</guid>
		<description><![CDATA[Based on strong results and a rigorous effort to restructure its operations to increase leverage and generate capital to repay the government’s bailout money, we have upgraded American International Group (AIG) to Outperform from Neutral. AIG reported solid earnings during the first quarter of 2010, surpassing the Zacks Consensus Estimate of 48 cents by a considerable 73 cents. The better-than-expected earnings were primarily driven by the company’s robust profit in its insurance operations and significant improvements in its investment income. Strong results at AIG’s General Insurance segment and Domestic Life Insurance &#38; Retirement Service helped AIG to post better results during the quarter. General Insurance’s strong results were driven by improvement in net investment income, primarily from the recovery of partnership income despite major catastrophe losses. Domestic Life Insurance &#38; ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/06/30/aig-aig-analyst-upgrades-the-stock-to-outperform/41994/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIG) Prudential-American International Group Deal May Collapse</title>
		<link>http://www.stockbloghub.com/2010/06/03/aig-prudential-american-international-group-deal-may-collapse/38995</link>
		<comments>http://www.stockbloghub.com/2010/06/03/aig-prudential-american-international-group-deal-may-collapse/38995#comments</comments>
		<pubDate>Thu, 03 Jun 2010 13:21:46 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife]]></category>
		<category><![CDATA[Prudential plc]]></category>
		<category><![CDATA[PUK]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=38995</guid>
		<description><![CDATA[American International Group (AIG) rejected Prudenial PLC’s (PUK) offer price of $30.375 billion to buy AIG’s Asian life-insurance unit, AIA Group, on June 1, 2010. AIG considers AIA to be a valuable property and is not ready to settle for a lower value, as it believes AIA has other options. AIG, which is presently operating with $132 billion in government support, will be adversely impacted in the short run if the deal collapses, as it was selling AIA to partly pay back the bailout money to the Federal Reserve, which rescued AIG from collapsing in 2008. At least 75% of Prudential shareholders’ approval was required to proceed with the deal at the value set by AIG. However, the shareholders of Prudential considered the deal to be too expensive. As a ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/06/03/aig-prudential-american-international-group-deal-may-collapse/38995/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIG) AIG Plans to Sell Consumer Finance Unit, American General Finance</title>
		<link>http://www.stockbloghub.com/2010/05/30/aig-aig-plans-to-sell-consumer-finance-unit-american-general-finance/38909</link>
		<comments>http://www.stockbloghub.com/2010/05/30/aig-aig-plans-to-sell-consumer-finance-unit-american-general-finance/38909#comments</comments>
		<pubDate>Sun, 30 May 2010 17:09:05 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AGF]]></category>
		<category><![CDATA[AIA]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[iShares S&P Asia 50 Index]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife]]></category>
		<category><![CDATA[PowerShares DB Agriculture Long ETN]]></category>
		<category><![CDATA[Prudential plc]]></category>
		<category><![CDATA[PUK]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=38909</guid>
		<description><![CDATA[In order to attain funds for repaying the government’s bailout amount, on Wednesday, American International Group Inc. (AIG) reportedly publicized its intentions to vend off its consumer finance unit, American General Finance (AGF), according to the Financial Times. However, the amount AIG expects to raise from the AGF sale or the preference of any buyer remains undisclosed. AGF constitutes 1,200 branches with 1 million customers across the U.S. In 2009, this AIG unit recorded an operating loss of $800 million due to loan defaults in lower-income consumers segment that soared given the downturn in the funding market. Hence, AIG has been reportedly hunting for potential buyers and has appointed Bank of America Merrill Lynch, a wing of Bank of America Corp. (BAC) to organize and sell its non-core consumer finance ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/05/30/aig-aig-plans-to-sell-consumer-finance-unit-american-general-finance/38909/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIG) Prudential PLC Declares Rights Issue to Purchase Unit From American International Group</title>
		<link>http://www.stockbloghub.com/2010/05/23/aig-prudential-plc-declares-rights-issue-to-purchase-unit-from-american-international-group/37598</link>
		<comments>http://www.stockbloghub.com/2010/05/23/aig-prudential-plc-declares-rights-issue-to-purchase-unit-from-american-international-group/37598#comments</comments>
		<pubDate>Mon, 24 May 2010 04:26:05 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife]]></category>
		<category><![CDATA[Prudential plc]]></category>
		<category><![CDATA[PUK]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=37598</guid>
		<description><![CDATA[In order to partly finance its $35.5 billion deal to purchase the Asian life-insurance business AIA Group from American International Group Inc. (AIG), Prudential PLC (PUK) finally announced the details of its previously announced rights issue to raise $20.9 billion (£14.5 billion). At an issue price of $1.51 (104 pence) each, PUK will offer its shareholders the right to buy 11 shares for every two existing shares in the company. Apart from the rights issue, the company intends to use debt financing to raise another $5.4 billion to fund the AIA deal. Basically, this debt will be a hybrid capital, which will help protect the buyer institutions against losses. AIG, the seller of AIA Group, has offered PUK to take part in this hybrid capital offering for up to $1.9 ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/05/23/aig-prudential-plc-declares-rights-issue-to-purchase-unit-from-american-international-group/37598/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIG) American International Group and Prudential Discussing Deal Revision</title>
		<link>http://www.stockbloghub.com/2010/05/12/aig-american-international-group-and-prudential-discussing-deal-revision/36929</link>
		<comments>http://www.stockbloghub.com/2010/05/12/aig-american-international-group-and-prudential-discussing-deal-revision/36929#comments</comments>
		<pubDate>Wed, 12 May 2010 21:42:44 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife]]></category>
		<category><![CDATA[Prudential plc]]></category>
		<category><![CDATA[PUK]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=36929</guid>
		<description><![CDATA[According to the Financial Times, American International Group Inc. (AIG) and Prudential Plc. (PUK) are discussing a restructuring of their $35.5 billion deal for AIG’s Asian life insurance unit, American International Assurance (“AIA&#8221;). This revision could lead to a $2 billion cut in the cash consideration. The discussion takes place following U.K. regulators&#8217; concerns over the capital position of Prudential, post acquisition. As per the original deal announced in early March this year, AIG agreed to sell AIA to Prudential for about $35.5 billion. This included approximately $25 billion in cash, $8.5 billion in face value of equity and equity-linked securities, and $2.0 billion in face value of preferred stock of Prudential, subject to closing adjustments. The cash proceeds would be used to repay the Federal Reserve Bank of New ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/05/12/aig-american-international-group-and-prudential-discussing-deal-revision/36929/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(AIG) American International Group Beats Consensus by Over 100% $$</title>
		<link>http://www.stockbloghub.com/2010/05/07/aig-american-international-group-beats-consensus-by-over-100/36528</link>
		<comments>http://www.stockbloghub.com/2010/05/07/aig-american-international-group-beats-consensus-by-over-100/36528#comments</comments>
		<pubDate>Fri, 07 May 2010 16:18:21 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife]]></category>
		<category><![CDATA[Prudential plc]]></category>
		<category><![CDATA[PUK]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=36528</guid>
		<description><![CDATA[American International Group Inc. (AIG) reported first-quarter earnings of $809 million or $1.21 per share, significantly ahead of the Zacks Consensus Estimate of 48 cents. The company incurred a loss of $2.1 billion or $22.90 per share in the year-ago period. On a GAAP basis, the company reported a net income of $1.5 billion or $2.16 per share, compared with a net loss of $4.4 billion or $39.67 per share in the year-ago quarter. AIG reported robust results in its insurance operations. The solid results were driven by significant improvements in investment income. However, it is notable that premiums, deposits, and other considerations were down 6.5% year-over-year, primarily due to a fall in individual fixed annuities and lower life insurance sales. The company also said that the surrender activity has ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/05/07/aig-american-international-group-beats-consensus-by-over-100/36528/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(AIG) American International Group Unit Sells 53 Planes for $2 Billion</title>
		<link>http://www.stockbloghub.com/2010/04/14/aig-american-international-group-unit-sells-53-planes-for-2-billion/33853</link>
		<comments>http://www.stockbloghub.com/2010/04/14/aig-american-international-group-unit-sells-53-planes-for-2-billion/33853#comments</comments>
		<pubDate>Wed, 14 Apr 2010 22:06:41 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife]]></category>
		<category><![CDATA[Prudential plc]]></category>
		<category><![CDATA[PUK]]></category>
		<category><![CDATA[Transatlantic Holdings Inc.]]></category>
		<category><![CDATA[TRH]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=33853</guid>
		<description><![CDATA[American International Group Inc.’s (AIG) aircraft leasing unit, International Lease Finance Corporation (ILFC), has announced yesterday that it has agreed to sell 53 aircraft to Macquarie Aerospace Limited, an indirect subsidiary of Macquarie Group Limited, for $1.99 billion. However, the selling price is well below the book value of the aircraft portfolio of $2.3 billion as of Apr 13, 2010. The deal is expected to be completed by the end of 2010. AIG had been exploring strategic restructuring opportunities for the ILFC. This unit has been facing challenges with respect to capital raising and in February its founder Steven Udvar-Hazy left the unit amid funding concerns. AIG, which received federal support worth $182.5 billion that helped prevent its collapse in September 2008, has been trying for the past several quarters ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>(AIG) American International Group Sells PineBridge Investments</title>
		<link>http://www.stockbloghub.com/2010/03/31/aig-american-international-group-sells-pinebridge-investments/32372</link>
		<comments>http://www.stockbloghub.com/2010/03/31/aig-american-international-group-sells-pinebridge-investments/32372#comments</comments>
		<pubDate>Wed, 31 Mar 2010 20:00:39 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife]]></category>
		<category><![CDATA[Prudential plc]]></category>
		<category><![CDATA[PUK]]></category>
		<category><![CDATA[Transatlantic Holdings Inc.]]></category>
		<category><![CDATA[TRH]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=32372</guid>
		<description><![CDATA[Yesterday, American International Group Inc. (AIG) announced that it has completed the sale of a part of its asset management business, PineBridge Investments, to Asia-based private investment firm, Pacific Century Group, for $277 million. PineBridge Investments operates in 31 countries and manages assets of about $87.3 billion for both institutional and individual investors. In addition to the $277 million received in cash at closing, AIG expects to receive a performance note and a continuing share of carried interest. As part of its internal investment operation, AIG will also carry on managing assets of about $509 billion. AIG, which received federal support worth $182.5 billion that helped prevent its collapse in September 2008, has been trying for the past several quarters to sell assets and streamline its operations in an effort ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/31/aig-american-international-group-sells-pinebridge-investments/32372/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIG) American International Group Raises $452 Million from Transatlantic Holdings Sale</title>
		<link>http://www.stockbloghub.com/2010/03/16/aig-american-international-group-raises-452-million-from-transatlantic-holdings-sale/30771</link>
		<comments>http://www.stockbloghub.com/2010/03/16/aig-american-international-group-raises-452-million-from-transatlantic-holdings-sale/30771#comments</comments>
		<pubDate>Tue, 16 Mar 2010 21:42:40 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife]]></category>
		<category><![CDATA[Prudential plc]]></category>
		<category><![CDATA[PUK]]></category>
		<category><![CDATA[Transatlantic Holdings Inc.]]></category>
		<category><![CDATA[TRH]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=30771</guid>
		<description><![CDATA[Yesterday, American International Group Inc. (AIG) announced that it has raised $452 million from its stake sale in the reinsurance company Transatlantic Holdings Inc. (TRH). AIG closed the secondary public offering of 8,466,693 shares of Transatlantic common stock owned by American Home Assurance Co. (AHAC), a subsidiary of AIG. The offering was priced at $53.35 each, generating gross proceeds of approximately $452 million. Of the total offering, Transatlantic bought 2 million shares. The underwriters of the offering include Goldman Sachs Group Inc. (GS), Wells Fargo Securities of Wells Fargo &#38; Co. (WFC) and BofA Merrill Lynch, a part of Bank of America (BAC). They have a 30-day option, exercisable until Apr 8, 2010, to purchase up to an additional 725,969 shares of Transatlantic common stock from AHAC. Also, AIG raised ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/16/aig-american-international-group-raises-452-million-from-transatlantic-holdings-sale/30771/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>($AIG) American International Group Unit&#8217;s Sale Awaits Taiwanese Government Report</title>
		<link>http://www.stockbloghub.com/2010/03/12/aig-american-international-group-units-sale-awaits-taiwanese-government-report/30483</link>
		<comments>http://www.stockbloghub.com/2010/03/12/aig-american-international-group-units-sale-awaits-taiwanese-government-report/30483#comments</comments>
		<pubDate>Fri, 12 Mar 2010 18:11:16 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Fifth Street Finance Corporation]]></category>
		<category><![CDATA[FSC]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife]]></category>
		<category><![CDATA[Prudential plc]]></category>
		<category><![CDATA[PUK]]></category>
		<category><![CDATA[Transatlantic Holdings Inc.]]></category>
		<category><![CDATA[TRH]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=30483</guid>
		<description><![CDATA[Taiwan&#8217;s financial regulator has set five conditions for the American International Group Inc.&#8216;s (AIG) Nan Shan deal, according to Reuters. The Financial Supervisory Commission (FSC) is expected to give a report to Taiwan&#8217;s parliament this Thursday. Last October, AIG agreed to sell its Taiwan life insurance company, Nan Shan Life, to China Strategic and Hong Kong-based financial services firm Primus Financial. Nan Shan has a third position by market share in Taiwan and has more than 4 million policyholders. However, the deal raised a politically sensitive issue. There was concern in Taiwan that the buyers are supported by funds from China. In February of this year, Taiwan&#8217;s foreign investment regulator said that it would look for talks in the Parliament over the deal. Though China and Taiwan have been political ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/12/aig-american-international-group-units-sale-awaits-taiwanese-government-report/30483/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(AIG) American International Group Sees $490 Million From Sale of Transatlantic Holdings</title>
		<link>http://www.stockbloghub.com/2010/03/11/aig-american-international-group-sees-490-million-from-sale-of-transatlantic-holdings/30402</link>
		<comments>http://www.stockbloghub.com/2010/03/11/aig-american-international-group-sees-490-million-from-sale-of-transatlantic-holdings/30402#comments</comments>
		<pubDate>Thu, 11 Mar 2010 23:05:34 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife]]></category>
		<category><![CDATA[Prudential plc]]></category>
		<category><![CDATA[PUK]]></category>
		<category><![CDATA[Transatlantic Holdings Inc.]]></category>
		<category><![CDATA[TRH]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=30402</guid>
		<description><![CDATA[American International Group Inc.’s (AIG) expects $490 million from its stake sale in the reinsurance company Transatlantic Holdings Inc. (TRH). Last Friday, the company announced its plan to sell its remaining 14% stake in Transatlantic owned by American Home Assurance Company (AHAC), an AIG subsidiary. Last Tuesday, the offering of 8,466,693 shares of Transatlantic’s common stock was priced at $53.35 each. The underwriters of the offering include Goldman Sachs Group Inc. (GS), Wells Fargo Securities of Wells Fargo &#38; Company (WFC) and BofA Merrill Lynch, a part of Bank of America (BAC). They have a 30-day option to purchase up to an additional 725,969 shares of Transatlantic common stock from AHAC. In total, the offering would generate proceeds of around $490 million for AIG. Last year, AIG raised over a ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/11/aig-american-international-group-sees-490-million-from-sale-of-transatlantic-holdings/30402/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>($AIG) Prudential Insurance Riding The Asian Explosion Straight Up</title>
		<link>http://www.stockbloghub.com/2010/03/10/aig-prudential-insurance-riding-the-asian-explosion-straight-up/30222</link>
		<comments>http://www.stockbloghub.com/2010/03/10/aig-prudential-insurance-riding-the-asian-explosion-straight-up/30222#comments</comments>
		<pubDate>Wed, 10 Mar 2010 20:03:39 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Life Insurance]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[IBN]]></category>
		<category><![CDATA[ICICI Bank Limited]]></category>
		<category><![CDATA[Prudential plc]]></category>
		<category><![CDATA[PUK]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=30222</guid>
		<description><![CDATA[The American press didn’t really cover the recent, major deal in the global insurance industry. But just because they didn’t pay it any attention, doesn’t mean that you should ignore it too… It indicates one very profitable opportunity you won’t want to miss out on. British insurance firm Prudential Insurance ADR (NYSE: PUK) offered $35.5 billion to purchase the Asian arm of American International Group (NYSE: AIG). That branch, called AIA, is the leading pan-Asian foreign insurer. It carries 33 million policyholders across 13 countries, employs about 250,000 sales agents and makes annual operating profits of around $2 billion. The current deal calls for Prudential to pay AIG $25 billion in cash, $5.5 billion in stock, $3 billion in mandatory convertible notes and another $2 billion in preferred stock. And ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/10/aig-prudential-insurance-riding-the-asian-explosion-straight-up/30222/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(AIG) American International Group Continues Asset Selling Spree</title>
		<link>http://www.stockbloghub.com/2010/03/08/aig-american-international-group-continues-asset-selling-spree/30053</link>
		<comments>http://www.stockbloghub.com/2010/03/08/aig-american-international-group-continues-asset-selling-spree/30053#comments</comments>
		<pubDate>Mon, 08 Mar 2010 23:52:17 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife]]></category>
		<category><![CDATA[Prudential plc]]></category>
		<category><![CDATA[PUK]]></category>
		<category><![CDATA[TRH]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=30053</guid>
		<description><![CDATA[In an effort to payback the bailout money, American International Group Inc. (AIG) will sell its American Life Insurance Co. (ALICO) unit for about $15.5 billion to MetLife Inc. (MET). MetLife will pay $6.8 billion in cash and approximately $8.7 billion in MetLife equity securities, subject to closing adjustments. Last week, the company also announced the sale of its Asian life-insurance unit, American International Assurance (AIA) to the U.K.’s Prudential Plc (PUK) for about $35.5 billion. Additionally, last Friday, AIG announced its plan to sell its remaining 14% stake in reinsurance company Transatlantic Holdings Inc. (TRH) that is owned by American Home Assurance Company (AHAC), an AIG subsidiary. The offering is concurrent with Transatlantic’s addition to the S&#38;P Midcap 400 Index. Last year, the company raised over a billion from ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/08/aig-american-international-group-continues-asset-selling-spree/30053/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIG) American International Group Ratings Unchanged by A.M. Best</title>
		<link>http://www.stockbloghub.com/2010/03/04/aig-american-international-group-ratings-unchanged-by-a-m-best/29799</link>
		<comments>http://www.stockbloghub.com/2010/03/04/aig-american-international-group-ratings-unchanged-by-a-m-best/29799#comments</comments>
		<pubDate>Thu, 04 Mar 2010 23:49:54 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife]]></category>
		<category><![CDATA[Prudential plc]]></category>
		<category><![CDATA[PUK]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=29799</guid>
		<description><![CDATA[Subsequent to the announcement by American International Group Inc. (AIG) to sell the AIA Group, its pan-Asian life insurance companies, to Prudential Plc. (PUK), A.M. Best Co. said that the ratings of AIG and its subsidiaries remain unchanged. The deal is valued at approximately $35.5 billion. This includes about $25 billion in cash, $8.5 billion in face value of equity and equity-linked securities and $2.0 billion in face value of preferred stock of Prudential. Subject to other terms of the deal, the transaction is expected to close by the end of 2010. The company would use $25 billion cash to redeem the $16 billion stake in AIA from the Federal Reserve and repay the $9 billion credit facility. Additional non-cash proceeds of $10.5 billion will be monetized over time, with ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/04/aig-american-international-group-ratings-unchanged-by-a-m-best/29799/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PUK) Fitch Ratings Cautious on Prudential Plc</title>
		<link>http://www.stockbloghub.com/2010/03/04/puk-fitch-ratings-cautious-on-prudential-plc/29691</link>
		<comments>http://www.stockbloghub.com/2010/03/04/puk-fitch-ratings-cautious-on-prudential-plc/29691#comments</comments>
		<pubDate>Thu, 04 Mar 2010 16:42:01 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Life Insurance]]></category>
		<category><![CDATA[AIA]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[HBC]]></category>
		<category><![CDATA[HSBC HLDGS PLC ADS]]></category>
		<category><![CDATA[iShares S&P Asia 50 Index]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Prudential plc]]></category>
		<category><![CDATA[PUK]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[Royal Bank of Scotland Group plc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=29691</guid>
		<description><![CDATA[Following the announcement by Prudential Plc (PUK) to purchase Asian life-insurance unit American International Assurance (AIA) from American International Group Inc. (AIG), Fitch Ratings has become cautious with regard to execution risks that the deal may bring along. The value of the deal, estimated at approximately $35 billion, is greater than the company’s market value, which is $23 billion at present. Prudential Plc, which anticipates completing the deal by third quarter of 2010, expects to pay $25 billion in cash, $8.5 billion in face value of equity and equity-linked securities and $2 billion in face value of its preferred stock. Prudential Plc is considering a rights offering to raise $20 billion to fund the AIA deal. Credit Suisse Group (CS), HSBC Holdings Plc (HBC) and JPMorgan Chase &#38; Co. (JPM) ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/04/puk-fitch-ratings-cautious-on-prudential-plc/29691/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIG) American International Group Sells Asian Life-Insurance Unit</title>
		<link>http://www.stockbloghub.com/2010/03/03/aig-american-international-group-sells-asian-life-insurance-unit/29455</link>
		<comments>http://www.stockbloghub.com/2010/03/03/aig-american-international-group-sells-asian-life-insurance-unit/29455#comments</comments>
		<pubDate>Wed, 03 Mar 2010 21:57:42 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[HBC]]></category>
		<category><![CDATA[HSBC HLDGS PLC ADS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife]]></category>
		<category><![CDATA[Prudential plc]]></category>
		<category><![CDATA[PUK]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=29455</guid>
		<description><![CDATA[In order to attain funds for repaying the government’s bailout, on Monday, American International Group Inc. (AIG) announced the sale of its Asian life-insurance unit, American International Assurance (AIA) to the U.K.’s Prudential Plc (PUK) for about $35.5 billion. This comprises about $25 billion in cash, $8.5 billion in face value of equity and equity-linked securities and $2.0 billion in face value of preferred stock of Prudential. Subject to other terms of the deal, the transaction expected to close by the end of 2010. AIG is expected to utilize the $25 billion cash to redeem the $16 billion stake in AIA from the Federal Reserve and to repay the $9 billion credit facility. The remaining $10.5 billion in securities are expected to be cashed in depending upon the market conditions ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/03/aig-american-international-group-sells-asian-life-insurance-unit/29455/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIG) Insurance Industry Stock Update &#8211; February 2010 &#8211; Industry Outlook</title>
		<link>http://www.stockbloghub.com/2010/02/08/aig-insurance-industry-stock-update-february-2010-industry-outlook/27383</link>
		<comments>http://www.stockbloghub.com/2010/02/08/aig-insurance-industry-stock-update-february-2010-industry-outlook/27383#comments</comments>
		<pubDate>Tue, 09 Feb 2010 03:20:46 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AHL]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[ALL]]></category>
		<category><![CDATA[Allied World Assurance Company Holdings Limited]]></category>
		<category><![CDATA[Allstate Corporation]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[Ameriprise Financial Inc.]]></category>
		<category><![CDATA[AMP]]></category>
		<category><![CDATA[Aspen Insurance Holdings Limited]]></category>
		<category><![CDATA[AWH]]></category>
		<category><![CDATA[AXA]]></category>
		<category><![CDATA[CNO]]></category>
		<category><![CDATA[Conseco Inc.]]></category>
		<category><![CDATA[EMC Insurance Group Inc.]]></category>
		<category><![CDATA[EMCI]]></category>
		<category><![CDATA[Enstar Group Limited]]></category>
		<category><![CDATA[ESGR]]></category>
		<category><![CDATA[Everest Re Group Limited]]></category>
		<category><![CDATA[FBL Financial Group Inc.]]></category>
		<category><![CDATA[FFG]]></category>
		<category><![CDATA[GLRE]]></category>
		<category><![CDATA[Greenlight Capital Re Limited]]></category>
		<category><![CDATA[Hartford Financial Services Group Inc]]></category>
		<category><![CDATA[HIG]]></category>
		<category><![CDATA[Infinity Property and Casualty Corporation]]></category>
		<category><![CDATA[IPCC]]></category>
		<category><![CDATA[LNC]]></category>
		<category><![CDATA[Manulife Financial Corporation]]></category>
		<category><![CDATA[Max Capital Group Limited]]></category>
		<category><![CDATA[Mercer Insurance Group Inc.]]></category>
		<category><![CDATA[MFC]]></category>
		<category><![CDATA[MIGP]]></category>
		<category><![CDATA[MXGL]]></category>
		<category><![CDATA[PartnerRe Limited]]></category>
		<category><![CDATA[PFG]]></category>
		<category><![CDATA[Phoenix Companies Inc.]]></category>
		<category><![CDATA[PNX]]></category>
		<category><![CDATA[PRE]]></category>
		<category><![CDATA[PRU]]></category>
		<category><![CDATA[Prudential Financial Inc.]]></category>
		<category><![CDATA[Prudential plc]]></category>
		<category><![CDATA[PUK]]></category>
		<category><![CDATA[RE]]></category>
		<category><![CDATA[RenaissanceRe Holdings Limited]]></category>
		<category><![CDATA[RNR]]></category>
		<category><![CDATA[UAM]]></category>
		<category><![CDATA[Unitrin Inc.]]></category>
		<category><![CDATA[Universal American Corp]]></category>
		<category><![CDATA[UTR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=27383</guid>
		<description><![CDATA[The turmoil in the financial markets has created a highly challenging environment for the U.S. insurance industry, forcing many companies to take immense write-downs. This trend is expected to continue at least through the first half of 2010, though there are some early signs of an economic recovery. Also, structural economies of scale have pushed the industry toward consolidation. While enormous financial support from the government rescued AIG (AIG) from collapse, many other firms remain under tremendous pressure or have fallen by the wayside. Competition within the segments of the industry has reduced, which is consolidating through mergers and acquisitions. This has increased the market shares of the largest firms. We expect static growth with persistent soft market conditions and an ongoing market crisis, resulting in further consolidation in the ]]></description>
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