London based underwriter Aviva has entered into a settlement agreement to transfer its entire holding in Spanish joint venture (JV) Aseval to lender Bankia for 608m (£494m) in cash, which will be held in trust. Pending receipt of ...
Tags: insurer, insurance, cash earnings, Aviva
UK non-life insurer Ageas has completed the acquisition of Groupama Insurance Company Limited, strengthening its multi-channel distribution approach and commitment to grow in Britain's broker market. The deal makes Groupama a separate ...
Tags: Ageas, Groupama Insurance Company, multi-channel distribution
US based American International Group (AIG) has entered into a non-binding term sheet with Chinese state-owned insurer PICC Group to set up a proposed joint venture insurance agency company that will sell life insurance and other insurance ...
Tags: AIG, PICC, insurance products
The Empire Life Insurance Company has launched a new Extended Healthcare Policy Protection Plan (EP3) plan to safeguard its group benefit customers against high cost claims. Introduced as per requirements of the Canadian Drug Insurance ...
Tags: Empire Life, Extended Healthcare Policy, EP3, CDIPC
Dutch insurer ING has inked an agreement with Pacific Century Group (PCG) to dispose of its underwriting business units in Hong Kong, Macau and Thailand for a combined consideration of $2.14bn (€1.64bn) in cash. Its insurance ...
Tags: ING, PCG, underwriting business
Presidential Life has posted 18.7% decline in total revenues for the second quarter of 2012, which stood at $60.4m, compared to $74.3m during the corresponding period earlier fiscal. The underwriter attributed the decrease of $13.9m in ...
Tags: Presidential Life, decline, total revenues
The Netherlands based ING bank has inked an agreement with Hong Kong's AIA, to offload its Malaysian insurance business for €1.3bn in cash. The transaction comprises ING's life insurance and employee benefits business as well as 60% ...
Tags: ING, AIA, insurance business
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
Fubon Financial Holding will foray into the banking market in southwestern China, as Xiamen Bank, under the auspices of the financial holding, will buy into a municipal commercial bank in the southwestern region, said Daniel Tsai, chairman ...
The Dai-ichi Life Insurance and Janus Capital have inked a deal, pursuant to which the Japanese insurer will acquire 15-20% stake in Janus, in an open market purchases and potentially through the exercise of conditional options issued to ...
FBL Financial has appointed James (Jim) Brannen to the position of chief executive officer, after serving as interim chief executive officer for two months at the company. The current vice president of finance Donald (Don) Seibel has been ...
CSC has rolled out an optimum suite of insurance unclaimed property resolution process, such as searches to identify deceased insureds, trace beneficiaries and distribute funds, or transfer unclaimed benefits to the States. The new ...
Tags: insurance, Property, unclaimed policy, unclaimed death benefits
Allianz Life Insurance Company of North America has appointed Steve Thiel as the vice president of actuarial reporting and analysis, for timely reporting of actuarial balances while analyzing the financial performance. Serving as ...
Allianz Life Insurance Company of North America (Allianz Life) has introduced the optional Premium Deposit Fund (PDF) Rider for its Life Pro+ Fixed Index Universal Life Insurance (FIUL) policy. Available for no additional cost, the newly ...
Tags: Allianz Life, PDF, Pro+
Nan Shan Life widened the lead on Fubon Life in first year premium (FYP) revenues from NT$500 million (US$16.67 million) in October to NT$2.8 billion (US$93.3 million) in November, also challenging the leader Cathay Life fiercely after ...
Tags: Nan Shan, FYP revenues, Cathay Life