Shares of American International Group Inc rose 6 percent Monday, and one analyst said the stock may be getting a boost from optimism the bailed-out insurer would be able to monetize its Asian life unit and pay back taxpayers. A …
UK insurer Prudential Plc is pulling out of its bold $35.5 billion takeover of AIG’s Asian life insurance arm, ending a 3-month battle with shareholders who had argued the deal was over-priced. The widely expected move on Wednesday came after …
American International Group said it would not consider revising the terms of a deal for its Asian life insurance unit with British insurer Prudential Plc, in a move that threatens to derail the industry’s largest ever transaction. Separately, Prudential said …
A prominent organ-transplant hospital in New York wasn’t to blame for the death of a Singapore-born man who became riddled with cancer after getting a kidney from a donor who unknowingly had uterine cancer, jurors found Friday. The Queens jury …
Vincent Liew waited five years for the kidney that was supposed to change his life. Instead, the organ ended it. The kidney came from a woman who had uterine cancer, but she and doctors didn’t know it. Once her disease …
Willis Group Holdings has appointed Scott Pickering as CEO, Russia, Eastern Europe, the Middle East and South Africa, effective immediately. He will be based in the Al Futtaim Willis office in Dubai and will report to Sarah Turvill, Chairman and …
German Chancellor Angela Merkel and the head of the IMF warned of financial contagion on Wednesday unless a euro zone debt crisis is stopped in Greece, while investors fled to the safe havens of the dollar and gold. Greek public …
British insurer Prudential will try to reassure investors it can seamlessly absorb the Asian arm of AIG next week when it publishes the prospectus for a record $21 billion cash call to fund the takeover. With shareholders broadly backing the …
Flights from large parts of Europe are set to resume on Tuesday under a deal agreed by the European Union to free up airspace closed by a cloud of ash hurled into the sky by an Icelandic volcano. However, with …
UK insurer Prudential Plc is under no pressure from its shareholders to cut the $35.5 billion price it’s paying for AIG’s Asian life insurance unit, the group’s Asia CEO said. “At the very beginning, we got a lot of questions …
