Insurance

Prudential's Thiam Faces `Uphill Struggle' to Win Backing for Record Deal Prudential Plc Chief Executive Officer Tidjane Thiam said the $35.5 billion purchase of AIA Group Ltd. in Asia will ensure the company’s future. He may struggle to win over investors more concerned with the present.

AIG Chief Benmosche's Salary Remains $7 Million This Year, Feinberg Says American International Group Inc. Chief Executive Officer Robert Benmosche, the highest-paid executive at the bailed-out insurer, will get a $7 million salary again this year, said paymaster Kenneth Feinberg.

Bernanke Asked by Congress About Friedman's Goldman Sachs Stock Purchase A House committee requested that Federal Reserve Chairman Ben S. Bernanke turn over documents related to Stephen Friedman’s purchase of Goldman Sachs Group Inc. shares while he was on the boards of both the Wall Street firm and the Federal Reserve Bank of New York.

Overhaul Gives Drugmakers, Insurers Millions of Customers, Stricter Rules Drugmakers and health insurers will gain millions of customers under legislation overhauling the U.S. medical system. The industry also will pay new fees to the government, and face stricter rules that may narrow profit margins and fuel mergers.

Allianz Sells Third of Its Stake in China's ICBC for Gain of $545 Million Allianz SE, Europe’s biggest insurer, sold about one third of its remaining stake in Chinese lender Industrial & Commercial Bank of China Ltd. for a gain of about 400 million euros ($545 million).

Fargo's Residents Watch Levees as Swollen Red River Nears Crest at 37 Feet The Red River climbed to almost 37 feet this afternoon as forecasters searched for signs the swollen waterway, held back so far by sandbag levees in Fargo, North Dakota, and Moorhead, Minnesota, had started to recede.

Health-Care Legislation: Changes Made to Senate Bill by House Democrats The House of Representatives last night approved the biggest changes to the U.S. health-care system in more than four decades, extending coverage to tens of millions of uninsured Americans and attempting to curb rising medical costs.

Allianz, Corio May Buy Italy's Biggest Mall Porta di Roma for $582 Million Allianz SE and Corio NV are in talks to acquire Italy’s largest shopping center for about 430 million euros ($582 million), according to three people with knowledge of the transaction.

Treasury Futures Contracts Hold Gains After Traders Trimmed Inflation Bets Treasury 10-year futures contracts held gains from last week as traders bet the U.S. economy will keep expanding without driving faster inflation.

Cyclone Ului May Strengthen Before Reaching Australia's Coastline Tomorrow Tropical Cyclone Ului is forecast to strike Australia’s Queensland coast with damaging winds and heavy rain tomorrow as it’s expected to strengthen to category three before making landfall.