GE Capital Agrees to Buy Pacific Life Insurance
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)
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)
N.Y. Life Insurance Elects
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