Insurance

UBS AG denied speculation that it may sell its U.S. wealth management unit to Wells Fargo & Co., saying the unit remains an “important part” of the Swiss bank, Bloomberg reported. Robert McCann, head of …

As a provision of the federal health-care overhaul, any Iowa insurers that offer child-only health policies will be required to offer an open-enrollment period this summer. The Iowa Insurance Division says the rule appears to …

Shares of LinkedIn stock traded at double their initial offering of $45 in the first hour after the business social network launched its initial public offering today, CNNMoney.com reported. At $90 a share, LinkedIn was …

Banks have arranged $8.6 billion of bonds tied to commercial real estate in 2011, and JPMorgan Chase & Co. leads the lenders with $2.9 billion of bonds backed by commercial mortgages, Bloomberg reported.

The New …

Allstate Corp. announced Wednesday that it will buy online auto insurance seller Esurance and quote comparer Answer Financial in a deal expected to total about $1 billion, Crain’s Chicago Business reported.

The deal helps address …

Principal Financial Group Inc. announced Wednesday that its board of directors has renewed an authorization initially granted in 2007 for the repurchase of up to $250 million worth of the company’s outstanding common stock. The …

The largest independent regulator of U.S. securities firms has made it easier for investors to find records of disciplinary actions and complaints that have been filed against firms and individual brokers, InvestmentNews.com reported. The Financial …

Aviva plc announced a 20 percent decrease in first-quarter life insurance and pension sales in its North America division, with results of $1.26 billion compared with $1.57 billion in the first quarter of 2010.

General …

A.M. Best Co. has upgraded its ratings of Homesteaders Life Co. of West Des Moines. The financial strength rating was raised to A- (excellent) from B++ and the issuer credit rating was raised to “a-,” …

Most parents of college graduates say they won’t pay to keep their children on their health insurance plan until age 26, despite a provision of the health-care overhaul law that says they can do so, …