Canada-based diversified financial services company Western Financial Group (Western) has acquired First Insurance Agencies, for an undisclosed sum. The latest acquisition, which represents the third takeover in Vancouver Island in the ...
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
UK-based insurer Aviva has sold its remaining stake of 19.4% in Dutch insurer Delta Lloyd for 353m, as part of its strategy to reorganize operations. Aviva sold all its 34 million shares in Delta Lloyd for €12.65 per share, ...
Tags: Aviva, stake, insurer, share, life insurance, general insurance
UK-based insurer Aviva has agreed to sell its US life and annuities business and associated asset management operations Aviva US to Bermuda-based Athene for $1.8bn. The deal, however, will not include Aviva Investors' North American asset ...
Tags: Aviva, Athene, insurer, annuities business, associated asset management
Protective Life Corporation (PLC) has registered 13% downfall in net income available to PLC's common shareowners to $76.2 m, or $0.91 per average diluted share for the second quarter of 2012, against $87.6m, or $1.00, during the same ...
Tags: Protective Life Corporation, net income, operating income, insurance
UK-based general insurer Liverpool Victoria (LV=) has appointed Wendy Mayall as its new chief investment officer. In her new role, Mayall will be responsible for all elements of the company's investment strategy. She will provide advice ...
Tags: Liverpool Victoria, Wendy Mayall, chief investment officer
Western Financial has bought BC Yacht Insurance Brokers (BC Yacht), Sidney's only specialized marine insurance brokerage for an undisclosed sum. With the acquisition of Sidney headquartered BC Yacht, Western Financial has acquired two ...
Tags: Western Financial, BC Yacht Insurance Brokers, marine insurance
Prudential Individual Life Insurance, a unit of Prudential Financial has promoted Caroline Feeney, agency distribution’s vice president of the eastern territory, as the president of agency distribution. Feeney will take the place of ...
Tags: Individual Life Insurance, insurance products, investment products
Pacific Life, a US insurer has selected Anthony Premer as senior vice president, real estate investments, effective from 1 January 2013. Premer will take the place of Michael Robb who will be retiring at the end of the year after a ...