ALICOAmerican Life Insurance Company
ALICOAIG Life Insurance Company One (Wilmington, DE)
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Alico said the acquisitions will make its citrus division the largest citrus producer in the United States, with total pro forma 2014 production of 10m boxes annually.
This is an exciting time for us," said Mario Valdes, General Manager, MetLife Gulf Operations, "Alico's strong brand equity and value is what initially made us maintain the Alico name in 2010, and now as MetLife's brand awareness has grown stronger, it is the time to move to a single brand, in line with our strategy.
As per the SPA, IGI will buy ALICO's remaining shareholding in ALICO Pakistan (representing approximately 12.
The acquisition of Alico Pakistan accelerates IGI's growth strategy and marks IGI's entry into life-insurance and employee benefits business.
A certain amount was retained in escrow related to any litigation or regulatory probes related to ALICO and DelAm for which AIG would be held liable.
Taj-al-Sir Mahjoub, disclosed that Al-Haji Alico has investments in more than 14 African countries and is ranked as the top man in Africa in the field of industries.
The central bank of Ireland has fined Alico Life International Ltd for breaches of the insurance act 1989.
Things were level again soon after though, as Buboy Cua and Trevor Bish-Jones overcame Billy Ampong and Lito Alico 6-2, 6-2 and the trend of there never being more than one match between the sides was set.
The launch of the facility is in line with the company's ongoing efforts to increase its online service capabilities through its customer portal, myMetLife Alico, and aims to satisfy the needs of its highly mobile expatriate policyholders who can now pay their premiums from anywhere in the world using a valid international credit or debit card.
The move will see MetLife Alico and Mashreq Bahrain tap into the market opportunity that Bahrain offers, said senior officials at the signing ceremony.
While the policies that Aflac and MetLife Alico sell are considered to be life insurance, these supplemental health policies are, on a regulatory basis, considered neither pure life insurance nor property/casualty, according to Steven Schwartz, an equity analyst with Raymond James in Chicago.
Alico adds to MetLife's positive operating earnings and diverse product and geographic mix.