IFAwebnews » Capital Purchase Program

Lincoln National Corp. to give U.S. back $950 million from stock offering

IFAwebnews Staff — Wed, 16 Jun 2010 10:21:59 +0000

Philadelphia-based Lincoln National Corp. plans to buy back $950 million worth of preferred stock to pay back the U.S. Treasury for money it received from the government last year.

Lincoln National Corp. to give U.S. back $950 million from stock offering via IFAwebnews.

McGee named new chairman, CEO of The Hartford

Keith L. Martin — Thu, 01 Oct 2009 11:01:54 +0000

The Hartford Financial Services Group has named a former Bank of America executive as its next chairman and chief executive officer.

McGee named new chairman, CEO of The Hartford via IFAwebnews.

Lincoln’s insurance subsidiary to benefit from Treasury funds

Keith L. Martin — Wed, 17 Jun 2009 10:55:36 +0000

Philadelphia, Pa.-based Lincoln Financial Group has announced a capital plan to raise $2 billion, with $1 billion set to be dedicated to its insurance subsidiary.

Lincoln announced June 15 that it ... Read →

Lincoln’s insurance subsidiary to benefit from Treasury funds via IFAwebnews.

Hartford CEO Ayer to retire by end of the year

Keith L. Martin — Mon, 08 Jun 2009 10:50:14 +0000

Indicating that the insurer has made “a series of important decisions” about its future, The Hartford Financial Services Group’s chairman and CEO, Ramani Ayer, has announced his plans to retire ... Read →

Hartford CEO Ayer to retire by end of the year via IFAwebnews.

Prudential passes on government bailout funds

Keith L. Martin — Tue, 02 Jun 2009 07:10:48 +0000

Prudential Financial announced it will not accept federal funds to help rebound financially, but instead, intends to try to raise $1.25 billion through a common stock offering.

The Newark, N.J.-based insurer ... Read →

Prudential passes on government bailout funds via IFAwebnews.

Reports: Six life insurers to receive billions through Treasury’s TARP program

Keith L. Martin — Fri, 15 May 2009 07:38:46 +0000

Six life insurance companies, including Lincoln Financial and The Hartford, are among those about to receive billions of federal dollars through the U.S. Treasury‘s Troubled Asset Relief Program.

Funding will come ... Read →

Reports: Six life insurers to receive billions through Treasury’s TARP program via IFAwebnews.

MetLife passes on TARP assistance

Keith L. Martin — Wed, 15 Apr 2009 06:24:33 +0000

Although it was mentioned as a potential participant in the latest round of federal bailouts, New York-based MetLife says it has already taken steps to stay strong financially.

C. Robert ... Read →

MetLife passes on TARP assistance via IFAwebnews.

Life insurers may get coverage from TARP

Bob Graham — Thu, 09 Apr 2009 19:08:52 +0000

The U.S. government appears ready to offer Troubled Asset Relief Program funding to several major life insurers who have aligned with banks to seek federal bailout funds.

The companies, including Prudential ... Read →

Life insurers may get coverage from TARP via IFAwebnews.