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American Financial Buys Liberty's Workers Comp Group for $250M in Cash
http://www.foxbusiness.com/industries/2014/01/09/american-financial-boosts-workers-comp-group-for-250m-in-cash/
American Financial Buys Liberty's Workers Comp Group for $250M in Cash Property and casualty insurer American Financial (AFG) agreed to buy Liberty Mutual's workers compensation business on Thursday for $250 million in cash. Lakeland, Fla.-based Summit Holdings Southeast provides workers compensation services in the 

Pre-Market Pulse: American International Group, Hartford Financial Services ...
http://www.prnewswire.com/news-releases/pre-market-pulse-american-international-group-hartford-financial-services-group-the-chubb-and-loews-239238021.html
On Tuesday, January 07, 2014, the U.S. equity market posted gains. The S&P 500 ended the day at 1,837.88, up 0.61%; the Dow Jones Industrial Average closed at 16,530.94, up 0.64%; and the NASDAQ Composite Index finished at 4,153.18, up 0.96%.

FNF Forms Black Knight Mortgage Tech Subsidiary
http://www.americanbanker.com/issues/179_4/fnf-forms-black-knight-mortgage-tech-subsidiary-1064707-1.html
Title insurance company Fidelity National Financial is forming a new mortgage technology and services subsidiary called Black Knight Financial Services from its ServiceLink division and very recent acquisition Lender Processing Services. It has also 

House Financial Services Chairman to Seek Volcker Rule Change
http://dealbook.nytimes.com/2014/01/07/representative-to-propose-bill-to-tweak-volcker-rule/
Representative Jeb Hensarling, a Republican of Texas and chairman of the House Financial Services Committee, is expected to propose a bill that could open up a huge loophole in the rule. The proposed change could allow banks to create and own 

American Financial Services Executive Shares His First Time Experience in Mexico

An American executive from a world renowned financial services firm reflects on his first business trip to Mexico and talks about his impressions ...

American Financial to Strengthen Specialty Casualty Business

Free Report ) has agreed to buy ABA Insurance Services Inc. (ABAIS) from American Bankers Mutual Insurance, Ltd. (ABMI) for $28 million in cash. The buyout will help fortify the company’s presence in the Specialty Casualty lines of business. The transaction, pending closing conditions, is expected to culminate in the fourth quarter of 2018.

Shaker Heights, OH-based ABAIS is a principal provider of directors and officers insurance and other complementary insurance solutions for banks, small businesses and nonprofit organizations. The company has been in operation for three decades.

The acquisition will thus help American Financial expand its specialty property and casualty insurance capabilities. The purchased company is estimated to add $50 million in net written premiums yearly to the acquirer’s benefit .

Management estimates specialty casualty group to generate net written premium growth of 6-10% in 2018, up from the earlier guided 3-7%.

T-Mobile is working with a digital bank to offer financial services

T-Mobile and digital-only bank BankMobile are joining forces on a financial services offering for the wireless provider’s customers.

Customers Bank, BankMobile’s parent company, wrote in an SEC filing this week that it’s been working with T-Mobile since 2016 on a new product and technology partnership. The filing doesn’t spell out the type of financial product, but it offers two key details: digital account opening and “substantial subscription model benefits.” Both companies declined to comment on the specifics of the agreement, like revenue share, but more information will be announced in the coming weeks, according to the filing.

With mobile banking adoption rates in the U.S. increasing (around half of banked Americans accessed their account through a smartphone last year, according to the Federal Reserve), analysts say a tie-up will let the digital banking provider access millions more customers and benefit from the geographic spread of T-Mobile’s store network and customer base. As the smartphone becomes a central hub for shopping, communication and the provision of services, a mobile banking product would let a cellular provider deepen its connection with its customers, and it offers potential new revenue streams.

American General Financial Services loan question?

if you are applying for a loan at american general financial services, do you have to have good credit? Or will they look at your gross monthly income and consider that amount? thanks!


American General is a full-service lender. You will need established credit, although it need not be perfect or even great. Your income and it's source will play a part in their decision to grant or deny credit.