European shares rally on AXA acquisition

Article Abstract:

With French insurer AXA S.A.'s $5.59 billion acquisition of Britain's Guardian Royal Exchange, the company is moves up in rank from the 10th to 3rd largest property and casualty insurer and the second largest health insurer in the U.K.

Comment:

France's AXA S.A.'s acquires Guardian Royal Exchange, becomes 3rd largest prop/casualty & 2nd largest health insurer in U.K.

France, AXA Group, Guardian Royal Exchange Assurance PLC

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Swiss Re to buy Reinsurance arm of Lincoln National

Article Abstract:

Swiss Reinsurance Co. will be acquiring the reinsurance unit of Lincoln National Corp. for $2 billion (Euro2.28 billion) in an attempt to boost its life and health reinsurance business.

Foreign operations, Reinsurance, Reinsurance Carriers, Lincoln National Corp., LNC, Swiss Reinsurance Co.

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AIG agrees to buy American General, beating Prudential

Article Abstract:

American International Group Inc. (AIG) has reached a deal to acquire American General Corp. for $24.6 billion. AIG beat out Prudential PLC for American General.

American International Group Inc., AIG, American General Corp., AGC

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