Metlife buys up Citigroup insurer
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US banking giant Citigroup sells its Travelers Life & Annuity insurance arm to Metlife for $11.5bn.
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Insurer Standard Life has agreed to buy  rival Resolution for 4.9 billion pounds ($10.1 billion),  topping a competing offer and breaking up Resolution's planned  merger with Friends Provident.
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Citigroup Inc , which last week posted a record $9.83 billion quarterly loss, on Tuesday said it has strengthened its balance sheet and replenished depleted capital levels by raising about $30 billion in the last two months.
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Citigroup Inc. C.N the world's  largest financial services company, said on Tuesday it will  acquire First American Bank in the quickly-growing Texas  market.
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Mortgage insurer MGIC Investment  plans to buy rival Radian Group Inc.  for about $5.47 billion, the companies said on Tuesday, a move that will allow them to cut costs amid shrinking demand that has been hurt further by a slowing housing market.
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Dutch banking and insurance group Fortis said that its international insurance arm will acquire the Ukranian insurer Etalon Life, for 7.6 million euros (9.7 million dollars).
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Shares of Marsh &amp; McLennan Cos. , the world's largest insurance brokerage, had their biggest gain in almost three months after The Wall Street Journal said the broker may settle New York Attorney General Eliot Spitzer's bid-rigging charges next week.
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The bond insurer MBIA raised $1 billion on Thursday by selling shares at $12.15 each in an effort to protect its AAA insurance rating.
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MGIC Investment Corp. , the largest U S mortgage insurer, will buy number three Radian Group Inc. for $4.9 billion in stock to reduce computer and salary expenses in a stagnating market.
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Top U.S. life insurer MetLife Inc.  MET.N said on Friday it had received several subpoenas from  New York Attorney General Eliot Spitzer, in a sign that a probe  into alleged rigging of bids in exchange for fat fees in the  insurance industry is widening.
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MetLife Inc. MET.N on Monday agreed  to acquire Travelers Life & Annuity from Citigroup Inc. C.N  for $11.5 billion, bolstering its product reach while sounding  Citigroup's retreat from the one-stop financial supermarket  concept.
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U.S.-based investment bank Citigroup  has agreed to buy wealth manager Quilter from rival Morgan Stanley  as it seeks to expand in the UK, the companies said on Wednesday.
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MetLife Inc. on Monday agreed to acquire Travelers Life & Annuity from Citigroup Inc. for &#36;11.5 billion, bolstering its product reach while sounding Citigroup's retreat from the one-stop financial supermarket concept.
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The insurance giant MetLife Inc. announced Monday that it was acquiring Travelers Life & Annuity Co. from Citigroup Inc. for at least $11.5 billion.
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SHARES in grocery wholesaler Metcash Trading jumped 14.6 per cent yesterday as investors welcomed its surprise takeover bid for Foodland Associated&#39;s Australian operations.
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Pharmacy-benefits manager Medco  Health Solutions Inc.  said on Tuesday it agreed to buy  PolyMedica Corp.  for $1.2 billion, in a move to expand  its diabetes care services.
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Citigroup said it had agreed to buy Quilter Holdings, an investment manager for wealthy clients, from Morgan Stanley. Quilter, which manages Â£5.6 billion ($11 billion), will become part of Citigroupâs global wealth-management division in Europe, run by Marianne Hay, Citigroup said. Quilter has more than 18,000 clients and 300 employees in 10 offices in Britain, Ireland and the Channel Islands, Citigroup said. Terms were not disclosed.