Industrial Bank (SHSE: 601166) signed a comprehensive business cooperation agreement with PICC Group its affiliated companies. Under the agreement, both sides will conduct all-round cooperation in insurance agency, bank deposits, ...
Tags: Industrial Bank, PICC, Cooperation
New York-based insurer MetLife has eliminated the jobs of 2,500 advisers, representing a third of total, in a bid to save operational cost and make the company more productive. Other reasons of the job cuts as dictated by the company ...
Minneapolis-based Allianz Life Insurance Company of North America (Allianz Life) has posted operating profit of $134m for the first quarter of 2013 compared to $217m in 2012. Decrease in the year-over-year quarterly profit and the ...
Tags: Service
ING US’ Insurance Solutions business has named Dave Wilken as head of individual life distribution team, who will report to Butch Britton, chief executive officer effective from 1 June. In his new role, Wilken will succeed Dan ...
Pacific Life Insurance has introduced a new variable annuity, Pacific Choice, aimed to grow retirement savings faster for investors through the power of tax deferral. The new variable annuity will provide the power of choice for investors ...
Tags: Pacific Life, Investors
Microsoft yesterday took a swipe at long-time partner Adobe for the latter's wholesale shift to rent-not-buy software subscriptions, and along the way seemed to promise it would continue to offer Office as old-school perpetual licenses for ...
Tags: Computer Products, software, Microsoft
Wells Fargo has agreed to make Prudential Retirement’s guaranteed lifetime income solution, IncomeFlex Target, available to its over 3,000 defined contribution retirement plans, to cover over three million plan participants. ...
Tags: Wells Fargo, Prudential Retirement
Primerica has agreed to expand its retirement portfolio by including additional Lincoln Financial Group's annuity products. Representatives of Primerica will specifically recommend the Lincoln ChoicePlus Assurance variable annuity and a ...
AXA Equitable Life Insurance Company has recently established a new Life Operations headquarters at 8501 IBM Drive in Innovation Park, Charolette, US. Besides reaffirming the company's long-term commitment to support its employees, ...
Tags: Life Insurance, Life Operations
Genworth Financial has reported net income of $103m, or $0.21 per diluted share, compared to $46m, or $0.09 per diluted share, during the first quarter last year. Net operating income was $151m, or $0.30 per diluted share, against $17m, ...
Tags: Genworth Financial, Net Income
The Hartford has reported net loss of $241m, or $0.58 per diluted share, against net income of $96m, or $0.18 per diluted share, during the first quarter a year ago. First quarter net income included a $541m, after tax, unlock charge due ...
Legal & General (L&G), the UK based diversified financial conglomerate, is planning to purchase New Ireland Assurance's existing annuity business as well as a fraction of its future business, in a deal valued at nearly 136m (£114m). ...
American General Life Insurance Company (AGLA) has expanded its Quality of Life…Insurance products portfolio with the addition of AGLAchoiceGuarantee Plus universal life insurance product. Designed to provide protection for a ...
Tags: Universal Life Insurance, AGLA
Microsoft's Business division, which manages the company's Office cash cow, recorded a 5% revenue bump in the first quarter over the same period in 2012, an increase driven by a surge in enterprises signing long-term licensing agreements. ...
Tags: Microsoft, Computer Products
The Phoenix Companies, a US-based boutique life insurance and annuity company, has introduced a single premium fixed indexed annuity offered with a Guaranteed Lifetime Withdrawal Benefit (GLWB) rider. Available through independent ...