LONDON (Reuters) – Prudential’s (PRU.L) proposed acquisition of AIG’s (AIG.N) Asian crown jewel puts pressure on other insurers to bulk up in the fast-growing region and could trigger a series of rival approaches and consolidation deals. Canada’s Manulife Financial (MFC.TO) and France’s Axa (AXAF.PA) are both seen as potential contenders for AIG’s American International Association [...]

Continue reading...

There was a lot of negative news affecting banks, mortgage companies and to a lesser extent, investment brokerage firms, such as sub-prime debacle, rising mortgages, rising interest rates, and an excess inventory of real estate. However, in the financial services industry, there has been a group that is somewhat overlooked, life insurance companies. there is [...]

Continue reading...