Voya Financial News

AIG Reported to Have Held Talks to Acquire Voya

American International Group Inc. may be back in the market for large-scale deals. The insurer was in talks to buy Voya Financial Inc. in a transaction valued at more than $10 billion before negotiations fell apart in November over the …

Negative Interest Rates Described as ‘Dirt Sandwich’ for Insurers, Asset Managers

Central bankers globally need to realize the risks that extreme monetary policies will backfire, according to Voya Financial Inc.’s Karyn Cavanaugh. “Negative rates are turning out to be a dirt sandwich, especially for Japan,” Cavanaugh, who works as senior market …

XL to Sell $22B of Life Policies to RGA, as CEO McGavick Narrows Focus on P&C

XL Group Plc agreed to sell about 290,000 life insurance policies at a loss to Reinsurance Group of America Inc. as Chief Executive Officer Mike McGavick narrows his company’s focus to property & casualty coverage after buying Catlin Group Ltd. …

ING Plans $2 Billion Sale of Voya Stock to End Investment in U.S. Insurer

ING Groep NV, the biggest Dutch bank, said it will sell its remaining 19 percent stake in Voya Financial Inc., completing its slow-motion exit from its former U.S. insurance unit. Voya will repurchase $600 million of its shares in connection …

ING Seeks as Much as $2.1 Billion from NN Insurance Offering

ING Groep NV, the biggest Dutch financial-services company, is seeking as much as €1.54 billion ($2.1 billion) in the first and what may be only public offering of its European insurance unit. The firm plans to offer 70 million shares …