Canadian group Manulife Financial and MetLife in the US are understood to be among the potential bidders to acquire a major stake in AmLife Insurance, the life insurance business of Malaysian bank AMMB Holdings. Sources familiar with the ...
Amsterdam-based ING group has reported 38.2% increase in its total underlying net profit for the first quarter of 2013, which stood at €800m compared to €579m during the same period earlier year. For the three months ended on 31 ...
Tags: ING, Net Profit
South Korean insurer Hanwha Life has selected eBaoTech LifeSystem as the policy administration system for management of its new business in Indonesia. The selection is based on the partnership between eBaoTech and Hanwha Life, which has ...
Tags: Hanwha Life, Indonesian Business
CBIZ, a Cleveland-based business consultancy, has purchased Minneapolis-based insurance brokerage agency Associated Insurance Agents (AIA), in a bid to boost its insurance capabilities. Financial terms of the transaction were not ...
Tags: CBIZ, Insurance Agents
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
Lincoln Financial Group has posted net income of $239m, or $0.86 per diluted share for the first quarter of 2013, compared to of $243m, or $0.82 per diluted share during the same period prior year. For the quarter period ended on 31 March ...
Tags: Lincoln, Net Income
Global property and casualty insurer ACE has completed the acquisition of Mexican personal lines insurer ABA Seguros from Ally Financial for nearly $690m in cash, after offering a $175m pre-closing dividend to the seller. The definitive ...
Tags: casualty insurer, ABA Seguros
Bank of Beijing is in talks with ING Group over a possible acquisition of a stake in their joint venture, said Yan Bingzhu, chairman of the Beijing-based bank, at a results release conference today. ING Group intends to sell its stake in ...
Tags: Bank, Service, Bank of Beijing
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
HSBC Middle East has inked an exclusive agreement with Zurich Insurance Middle East for distribution of its personal and commercial general insurance products in the UAE over the next ten years. Involving distribution in other Middle East ...
Tags: General Insurance, HSBC
Foresters, a provider of life insurance products and annuities, has introduced a new participating whole life insurance product to offer cost-effective permanent insurance options to families across Canada. Dubbed Familylife, the new ...
Tags: Foresters, Whole Life Insurance
HSBC Insurance has entered into an agreement to dispose of 50% stake in Hana HSBC Life Insurance Company, to joint venture partner Hana Financial Group. Financial terms of the transaction have not been disclosed, however it is expected ...
Tags: HSBC Insurance, Hana Financial
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
Minsheng Life Insurance has implemented IPC Systems’ Unigy trading communications platform, to help speed communication between counterparties and increase collaboration across offices. IPC's IQ/MAX Edge 100 turrets will be deployed ...
Tags: Life Insurance, Insurance
General insurance provider AXA has agreed to acquire 50% shareholding in Chinese property & casualty insurer Tian Ping Auto Insurance Company (Tian Ping), for a total consideration of €485m. As part of Ambition AXA strategy, the deal ...
Tags: insurance provider, insurance