Hints and tips:
...It is not clear how much Sears is paying MetLife to take over the payment of future benefits to some 51,000 retirees....
...Lion Point Capital is pacing around Ally Financial, the former auto-lending arm of General Motors....
...By midday in New York, MetLife, which is fighting its Sifi designation in the courts, was up 6.7 per cent and Prudential Financial 5.2 per cent. The markets backdrop may also improve for insurers....
...Earnings are due from Merck, Comcast, MetLife and General Motors....
...●Related video: Bolt from the blue MetLife insists it lacks clout to threaten system MetLife is usually proud to be big and important....
...In a report, “Pensions: Time for change”, written in collaboration with MetLife, Ms Altmann says the lack of UK pension savings represents a crisis that needs to be addressed urgently....
...MetLife, Prudential Financial and Swiss Re are among the companies backing the second fund being put together by specialist “microfinance” house, Leapfrog Investments. http://on.ft.com/18O41Zu Dubai group...
...Allstate’s net income in the fourth quarter doubled to $724m as it raised rates on homeowners and auto owners and released reserves....
...MetLife’s insurance companies held $72.8bn (£47.7bn, €55.2bn) of structured finance securities at the end of last year....
...Global asset-backed securities volumes, which exclude mortgage-backed securities but include those backed by auto loans and credit cards, were by mid-April at their lowest since 1995, according to Dealogic...
...Insurers were buoyed by the news, with MetLife picking up 8.1 per cent to $19.17 and Prudential lifting 1.8 per cent to $19.10....
...A spokesman for MetLife said the assurer had no comment on the topic of accessing federal funds....
...Life insures such as MetLife and Hartford Financial are trading upfront amid pessimism over investment losses....
...On Friday, Mr Spitzer filed a lawsuit in which he accused some of the biggest life insurers in the US, including MetLife and Prudential, of colluding with a small brokerage, San Diego-based Universal Life...
...MetLife lost 1.4 per cent to $34.50 after it said it had also received subpoenas from Mr Spitzer’s office....
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