GE Capital Agrees to Buy Pacific Life Insurance

GE Capital Agrees to Buy Pacific Life Insurance

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SAFECO EARNS $1.51 BILLION IN SALE OF LIFE INSURANCE UNITS

Safeco Corp receives $1.51 billion from selling its life insurance unit and related businesses to investor group led by Berkshire Hathaway Inc and White Mountains Insurance Group; will buy back debt and stock with proceeds (S)

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NATIONWIDE FILES TO SELL SHARES IN LIFE INSURANCE UNIT

Nationwide Corp files to sell to public as much as 20 percent of its life insurance unit; according to registration statement, sale would raise as much as $500 million (S)

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N.Y. Life Insurance Elects

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N.Y. Life Insurance Names Two

Exec vps R M Brown Jr and C W V Meares elected dirs; succeed J B Hollister and D C Josephs

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