South Africa's financial services group Sanlam Emerging Markets (SEM) in engaged in negotiations with Nico Holdings, to acquire 49% stake in the general insurance operations in Malawi, Tanzania, Uganda and Zambia. Financial terms of the ...
Tags: General Insurance
The Guardian Life Insurance Company of America, a mutual life insurer and employee benefits provider, has rolled out its stop loss insurance product for employers that self-fund their own health plans. Guardian's Stop loss insurance ...
Tags: Life Insurance, Guardian
India-based Jammu & Kashmir Bank is planning to offload entire or a fraction of its 5% stake in life insurance joint venture (JV) MetLife India. J&K Bank CEO and chairman Mushtaq Ahmed was quoted by the Economics Times as saying that the ...
Tags: J&K Bank, Minority Stake
Commonwealth Annuity and Life Insurance Co, a subsidiary of Global Atlantic, has acquired Aviva USA’s life insurance business following receipt of all necessary regulatory approvals. Global Atlantic Financial Group is a multiline ...
Tags: Life Insurance
US-based insurer MetLife, Bank for Investment & Development of Vietnam (BIDV), and Bank for Investment and Development of Vietnam Insurance Corporation (BIC), have reached an agreement to form a life insurance joint venture (JV) in Vietnam. ...
Multiline insurance and reinsurance company Global Atlantic Financial Group has signed an agreement to buy Forethought Financial Group, a US-based financial services company with life insurance and annuity operations. Pending regulatory ...
Tags: insurance, reinsurance
Indonesian joint venture partners Sinar Mas Group and CT Corp are planning to divest their share in insurance company Mega Life to a foreign partner. Established in 2003 as an insurance joint venture (JV) between Sinar Mas and CT Corp, ...
American General Life Companies, a part of AIG, has rolled out a highly flexible guaranteed universal life insurance policy, known as AG Secure Lifetime GUL II. Issued by American General and US Life Insurance Company in the City of New ...
Tags: American General, Life Insurance
Chilean financial institution CorpGroup is mulling over divestment of its insurance division to a pension fund manager, Inversiones La Construccion (ILC), in a deal worth approximately $165m. The company, which manages CorpBanca, said ...
Boston-based Liberty Mutual Insurance’s group benefits unit has launched a new online capability for group life insurance beneficiaries, to offer speedy and easy access to important claims documents and information. Using a secure ...
Dutch insurer Delta Lloyd Group has entered into an agreement to acquire Belgium-based insurer, ZA Verzekeringen, from Amodo Group, to boost its presence in the country by providing a comprehensive assortment of products. Delta Lloyd ...
Tags: Delta Lloyd, Za Verzekeringen
ABC Life, Aviva-COFCO Life and other small and medium property companies swarmed to pilot ordinary life insurance since the implementation of ordinary life insurance rate reform on August 5. On September 22, New China Life, one of top ...
Tags: Agriculture, Food, insurance, Service
The UK Financial Conduct Authority (FCA) has found that some life insurance companies still had arrangements, which could influence advisers, violating and working against Retail Distribution Review's (RDR) aim of removing commission bias ...
Securian Financial Group, a US-based financial services holding company, has established a new Voluntary Employee Benefits Group under Minnesota Life Group Insurance, in a bid to enhance its business footprint. The voluntary benefits ...
Allianz Life Insurance Company of North America has released a new indexed variable annuity (IVA), dubbed as Index Advantage, suitable for consumers willing to trade some potential gains from market growth in exchange for protection from ...
Tags: Allianz Life, Insurance