Two firms have announced separate investigations into possible claims of wrongdoing against officers and directors of a specialty finance company that proves premium financing of insurers’ individual life insurance policies.

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.

The Wilkes Barre, Pa., parent company of Penn Millers Insurance Co. plans to repurchase up to 5% of its issued and outstanding shares of common stock.

The fifth largest insurance group, Aviva plc, plans to list on the New York Stock Exchange as part of an effort to boost its presence and reach in the U.S.

American International Group plans to conduct initial public offerings for two of its international life insurance franchises in hopes of using the proceeds – an estimated $25 billion – to …  Read →