Jessica Peters, Spanish, commercial, Pan American Life Insurance, Delighted
MET's Interest in AIG's Alico Is a Route Out of US Insurance Doldrums
12.02.10
By Tiernan Ray
Metropolitan Life’s ( MET ) stated interest in buying the American Life Insurance, or “ Alico ,” subject of American International Group ( AIG ) seems like a deal Met can’t take away from, though it comes with numerous risks.
MET, which currently gets 85% of its area from the U.S. market, needs to boost its share of international markets, mainly in the developing world, which will be the source of growth for insurance premia for years to light on.
With little overlap to Met’s operations, Alico fits the bill and could triple the crowd’s contribution from overseas business.
The immediate payoff would be to put MET in the same conspiring with, or very close to, European insurance giant AXA ( AXA ) by market cap, FBR Capital’s Lustful Binner tells me in a phone interview today. It could also add 6.5% to estimated 2011 earnings per allot and boost Met’s return on equity to around 12.5% in 2011 from a in the air projection of 11.5%, he believes.
Five Points To Beware Of While Working From Home « All About Life ...
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Insurance on Air: American Health Life Insurance Company
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MET's Interest in AIG's Alico Is a Direct Out of US Insurance DoldrumsMetropolitan Life's (MET) stated interest in buying the AmericanLifeInsurance, or “Alico,” charge of AmericanInternational Group (AIG) and more »
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Responsibility insurance premiums reportedly grew by 17.8% and lifeinsurance premiums reportedly grew by 3.5%. Perhaps the starkest prototype of a developed
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