Sun Life Financial(SLF)has inked a definitive agreement to dispose of its domestic US annuity and certain life insurance businesses for$1.35bn to Delaware Life,a company owned by shareholders of Guggenheim Partners. The transaction ...
Tags: service, Sun Life Financial, transaction
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
Industrial Alliance Insurance and Financial Services have inked a deal to offload by way of indemnity reinsurance and assumption reinsurance, all its US fixed annuities and accumulation riders to Security Benefit Life Insurance and ...
Tags: Industrial Alliance Insurance, Financial Services, indemnity reinsurance
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
The Hartford, an investment and insurance firm, has named Beth Bombara, the company's senior vice president and corporate controller, to president of Life Runoff. Bombara will succeed David Bedard and manage The Hartford's Life Other ...
Tags: investment, insurance, legacy annuity business, property, casualty
ING US, the retirement, insurance and investment management operations of ING Group has appointed Michael Smith as chief risk officer to oversee its enterprise-wide and business-level risk monitoring and management program. In his new ...
Tags: ING US, Michael Smith, management program