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$XL said its subsidiary, XL Life, agreed to reinsure a block of U.S.Term Life treaties to a subsidiary of $RGA.The deal includes all U.S.Term Life reinsurance policy reserves & cedes 80% of remaining life reinsurance premiums not included in sale of its life reinsurance subsidiary. With this deal, $XL expects to book a net GAAP loss of about $34MM.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.