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Archive | November 21, 2012

Apollo to buy Aviva?

Per the term sheet on Apollo Global Management is in pole position to acquire Aviva PLC‘s (LSE: AV) U.S. life insurance and unities unit, according to Bloomberg. Apollo is partnering with Guggenheim Partners on its bid, which is expected to be at a “substantial discount” to the unit’s book value. Harbinger Group also has submitted an offer.    Click to Continue


Allianz Stabilization

Allianz Stabilization Alliance had a big jump in operating profits due to a one-time sale of investments but low interest rates continue to bog down annuity sales. Allianz Life’s fixed annuity premiums dropped 16% to $4.2 billion in the third quarter compared to last year. Most of Allianz’s fixed annuity business is fixed-index annuities that  Click to Continue