Aflac has introduced a new individual vision insurance plan, Vision Now, to help support workers and employers to providing essential vision benefits without adding benefits costs. The new insurance plan will provide enhanced benefits for ...
Tags: Aflac, Enhanced Vision, Insurance Plan
Charles Taylor's wholly owned Isle of Man-registered closed life business,LCL International Life Assurance Company Limited(LCLI),has agreed to acquire Global Life Assurance(GLA)from Pinnacle. Transaction involves initial consideration ...
Tags: Charles Taylor, LCL, GLA, Pinnacle
Presidential Life Corporation, an affiliate of the American Financial Group has acquired Great American Life Assurance (GALAC) for $7.04m in cash. Great American Life Assurance's $5.6m in statutory capital and surplus, comprises of cash, ...
Tags: Presidential Life Corporation, insurance company, life insurance
UK based insurance and financial services firm Prudential has inked an agreement with Thailand based Thanachart Bank to acquire its Life Assurance Company for £368m in cash. The transaction, which is expected to complete during the ...
Tags: insurance and financial services, Prudential, Thanachart Bank
PVI Holdings and Sun Life Assurance Company of Canada, has entered into an agreement to establish a joint venture, called PVI Sun Life Insurance Company Limited (PVI Sun Life) to offer innovative life insurance products to customers in ...
Tags: life insurance, joint venture, PVI Sun Life Insurance, insurance product
UK Financial Services Authority (FSA) has penalized Sun Life Assurance Company of Canada (UK) (SLOC UK) 600,000 pounds for poor management of its 1.2bn pounds with-profits business. The market watchdog claimed that the design and ...
Tags: FSA, Sun Life Assurance, life insurance, insurance product
Presidential Life and Athene have inked a definitive agreement for an Athene subsidiary to acquire Presidential Life for $14 per share in cash, in lieu of an aggregate purchase price of nearly $415m. In pursuant of the terms of the merger ...
Tags: Presidential Life and Athene, Presidential Life, acquisition
The UK's biggest insurer by market capitalisation, Prudential is in a deal with Swiss Re to purchase part of the latter's US life assurance business for 398m pounds in cash. The deal would be carried out through Prudential's subsidiary, ...
Tags: Prudential, Swiss Re, life assurance, insurance
Philadelphia Financial, a high net worth private placement insurer, has launched its international private placement life and annuity business. The newly floated businesses in Bermuda include Philadelphia Financial Life Assurance Company ...
Tags: Philadelphia Financial, private placement business, Bermuda
Prudential is seriously contemplating to wash its hand from its UK life annuity business as its operation in the UK is not fetching sumptuous profit. The same move has been termed as a "disaster", by its chief executive officer Tidjane ...
Tags: UK Arm, Prudential, annuity business, sumptuous profit
Life assurance consolidator Phoenix has agreed to transfer a £5bn annuity book to Guardian Financial Services, a private equity-backed competitor. Established by Hugh Osmond, Phoenix is debt-laden known as Pearl to fund the ...
Tags: Phoenix, Annuity Deal, Guardian
Ireland has fined UBS AG's life insurance subsidiary for violating a regulation of 2010, intending to prevent money laundering law and the financing of terrorism. The Central Bank of Ireland fined EUR65,000 and alleged that UBS had not ...
Tags: UBS AG, financing of terrorism, effective implementation