Six insurers named in Troubled Assets Relief Program (Tarp)
The US Treasury Department has allowed as many as six US insurers into the bank bailout plan (the Troubled Assets Relief Program, known as Tarp), Reuters and the Wall Street Journal (WSJ) have reported.
The insurers are:
- Hartford Financial the No. 4 US insurer got preliminary approval to raise $3.4bn
- Prudential Financial
- Lincoln National
- Principal Financial Group
- Allstate Corp (WSJ reported)
- Ameriprise Financial (WSJ reported)
The WSJ said the Treasury is prepared to inject up to $22bn.
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