UK-based general insurer Liverpool Victoria (LV=) Broker has signed an agreement with Insure4Retirement, to offer ABC home insurance product to its customers. A first time collaboration between the two companies, the move also represents ...
Tags: Liverpool Victoria, nsure4Retirement, home insurance, insurance product
Lincoln Financial has registered a net income of $402m, or $1.41 per diluted share, for the third quarter of 2012, from $153m, or $0.47 per diluted share during the same period last fiscal. Third quarter income from operations stood at ...
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US insurer American International Group (AIG) has launched a sale proceed in Hong Kong to offload $2bn worth of ordinary shares of AIA by placing it to certain institutional investors. The fund raised by the sale of the proposed shares ...
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Retirement Solutions provider Jackson National Life Insurance, an indirect, wholly-owned subsidiary of Prudential, has completed the acquisition of SRLC America Holding from Swiss Re. Originally announced on 31 May 2012, the deal has ...
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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
Prudential Financial has appointed Michele Meyer-Shipp as the new vice president and chief diversity officer to oversee all diversity and inclusion initiatives for the company. In this role, she will also maintain ongoing compliance with ...
Tags: Prudential Financial, legal advice, counsel, training
The Prudential Insurance Company of America has inked a deal with Verizon Communications, pursuant to which the latter will transfer nearly $7.5bn in pension plan obligations to the former. Following the completion of the deal expected in ...
Tags: Prudential Insurance, Verizon Communications, pension plan, insurance
PartnerRe, a provider of reinsurance services, has appointed Egbert Willam to its Board of Directors to serve on it’s Audit and Nominating and Governance Committees, effective from 01 June 2012. Willam, who is the founder and ...
Tags: PartnerRe, reinsurance service, reinsurance, insurance, insurance product
XL Group has named Eileen Whelley as executive vice president, chief human resources officer for the firm, who will replace Elizabeth L Reeves, after her retirement. Whelley will take charge from 18 June 2012, and report to XL chief ...
Tags: XL Group, Eileen Whelley, executive vice president, leadership team
Prudential Insurance has struck a deal with General Motors, which will allow Prudential to assume certain salaried retiree benefit obligations as part of GM’s plan to reduce pension obligations by nearly $26bn. The agreement is ...
Tags: Prudential Insurance, General Motors, retiree benefit, insurance
New Jersey-based Prudential Financial has reported first-quarter net loss for its financial services business at $988m or $2.09 per share, compared to net income of $539m or $1.10 per share during the same period in 2011. Financial ...
Tags: Prudential Financial, financial service, net income, quarter 1, finance
US based professional business service company CBIZ has purchased the employee benefit division of Leavitt Pacific Insurance Brokers (LPIB), of Campbell, California, effective from 1 November 2012. On completion of the transaction, the ...
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Massachusetts Mutual Life Insurance (MassMutual) has inked a definitive agreement with The Hartford, an insurance and wealth management services provider, to acquire the latter's retirement plans business. The $400m transaction is ...
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Presidential Life and Athene have inked a definitive agreement for an Athene subsidiary to acquire Presidential Life for $14 per share in cash, in lieu of an aggregate purchase price of nearly $415m. In pursuant of the terms of the merger ...
Tags: Presidential Life and Athene, Presidential Life, acquisition
MassMutual's Retirement Services, a unit of Massachusetts Mutual Life Insurance, has hired Marina Narganes as its new sales director. Narganes will be based in the New York, and will report to MassMutual's Retirement Services Division ...
Tags: MassMutual, retirement service, retirement insurance, insurance