US-based member owned financial cooperative firm North Carolina State Employees’ Credit Union (SECU) has launched its new business unit known as SECU Life Insurance Company. The insurance firm, which was set up with an initial ...
Tags: life insurance company, life insurance, insurance firm
Cornerstone National Insurance Company (Cornerstone) has deployed ISCS's SurePower Innovation Policy Administration Suite, in an effort to offer user-friendly online capabilities for insureds and independent agents. Implementation in ...
Prudential Group Insurance has named Cathy Liston as the chief operating officer of disability business unit to oversee all disability claims and absence management, and related support functions. Before joining the insurance company, ...
US-based Protective Life Insurance Company has rolled out an assortment of guaranteed universal life insurance products, in a bid to offer simple and affordable life insurance policies to its customers. The product suite includes Custom ...
Tags: Protective Life Insurance, guaranteed universal life insurance products
Nationwide Financial has increased joint payout rates for The Nationwide Lifetime Income Rider () on its Nationwide Destinationsm Series 2.0 variable annuities. With a joint option, the lifetime payout rates will increase by 0.25% for ...
Tapiola Data, a subsidiary of Finnish insurance company LahiTapiola Group, and CGI’s Logica Suomi have agreed to set up a new information and communication technology (ITC) company, known as LTC-Otso. Expected to earn euro 150m ...
Tags: Tapiola Data, LahiTapiola, CG, ITC company
Genworth Financial has appointed Michael Derstine as the new chief risk officer (CRO) for its US Mortgage Insurance (USMI) unit, effective from 03 January 2013. Derstine joins Genworth from Republic Mortgage Insurance Company (RMIC), ...
Tags: USMI, Genworth Financial, Michael Derstine, CRO
US-based Guardian Insurance & Annuity Company (GIAC) has unveiled its new deferred income annuity product, known as SecureFuture Income Annuity. The new annuity product has been designed to offer a future stream of guaranteed lifetime ...
Tags: US, GIAC, SecureFuture Income Annuity
ING US has appointed David Bedard as president of its annuities business segment, a part of ING US Retirement Solutions business that is focused on driving growth and long-term success in the fixed annuity market. Based in ING US Windsor ...
Tags: annuities business, David Bedard, President, annuity market
Canada-based Sun Life Financial and Malaysian investor Khazanah Nasional are planning to acquire life insurer CIMB Aviva in Malaysia, in a deal valued at MYR1.8bn ($596m). Both firms will jointly purchase 98% of the life insurer in order ...
Tags: life insurer, CIMB Aviva, financial services markets, insurance company
The Empire Life Insurance Company (Empire Life) has launched its next generation guaranteed withdrawal benefit (GWB) solution for customers. Dubbed Class Plus 2, the newly launched solution is specifically designed to address the changing ...
Tags: Empire Life, GWB solution, next generation, insurance
Arch Capital Group (ACGL) has successfully completed Canadian insurance and reinsurance operations domestication under a new legal entity named Arch Insurance Canada Ltd. (Arch Canada). Since 2005, Arch Canada has been operating as ...
Tags: Arch Capital Group, Arch Canada, ACGL, insurance, reinsurance operations
Wisconsin-based Mt. Morris Mutual Insurance Company (Mt. Morris) has selected the Risk Control Technologies’ RC Inspection loss control software solution to support its loss control operations. Designed to help manage internal team ...
Tags: Wisconsin, Mt.Morris, Risk Control Technologies, RC Inspection
American General Life Companies (American General) has introduced Future Income Achiever Annuity to provide a guaranteed income stream for the clients' lifespan. In addition to offering three death benefit options, the delayed-income ...
Tags: American General, Future Income Achiever Annuity, income stream, clients
Western Heritage Insurance Company has signed a partnership agreement with ISCS for provision of underwriting module of its SurePower Innovation Policy Administration Suite for use in development of the rate-to-issuance system. The ...
Tags: Western Heritage, ISCS, issuance system, Insurance Company