Allianz SE invested $2.5 billion in The Hartford:
http://www.marketwatch.com/news/story/hartford-announces-25-billion-investment/story.aspx?guid={214F5C31-E194-41E4-A9AD-F70434E946C6}&dist=hppr
It's a financial investment, but I wonder if there will be a push towards a merger down the road (just speculation, but there's significant overlap between Hartford and Allianz Life and Fireman's Fund [Allianz SE's respective annuity and P&C businesses in the US]).
Aviva (parent company to Aviva USA, the top EIA seller in 2008) just took a 30% hit to their capital surplus:
Market crash rocks insurance giant Aviva - Times Online
From that same article, AIG is exiting the UK life insurance market.
Combined with the deals going on in the financial institution space, something tells me that we'll most likely look back on this period as a time of great power and wealth consolidation at the top.
http://www.marketwatch.com/news/story/hartford-announces-25-billion-investment/story.aspx?guid={214F5C31-E194-41E4-A9AD-F70434E946C6}&dist=hppr
It's a financial investment, but I wonder if there will be a push towards a merger down the road (just speculation, but there's significant overlap between Hartford and Allianz Life and Fireman's Fund [Allianz SE's respective annuity and P&C businesses in the US]).
Aviva (parent company to Aviva USA, the top EIA seller in 2008) just took a 30% hit to their capital surplus:
Market crash rocks insurance giant Aviva - Times Online
From that same article, AIG is exiting the UK life insurance market.
Combined with the deals going on in the financial institution space, something tells me that we'll most likely look back on this period as a time of great power and wealth consolidation at the top.