Nationwide Life Insurance and some of its affiliates have inked a settle agreement over death benefits case with the Pennsylvania Insurance Department, pursuant to which the underwriter will pay $7.2m to state insurance departments. The ...
Tags: Nationwide Financial, Death Master Investigation, insurance departments
Barnet Council will cut 70%of staff from the back-office functions it is outsourcing to Capita in a controversial deal to automate council services. The London borough's Cabinet is expected to approve the deal in a vote this evening,that ...
Tags: Capita, Cut Staff, Barnet Council, Outsourcing Deal
Northwestern Mutual Life Insurance has appointed Ron Joelson as its new chief investment officer. Joelson, who is currently the chief investment officer of Genworth Financial, will succeed Mark Doll, who retires on 30 June 2012 following ...
UK based insurance and financial services firm Prudential has inked an agreement with Thailand based Thanachart Bank to acquire its Life Assurance Company for £368m in cash. The transaction, which is expected to complete during the ...
Tags: insurance and financial services, Prudential, Thanachart Bank
Aspen Insurance Holdings has appointed John Worth as the group's chief financial officer, effective from 1 November 2012 and subject to relevant regulatory approval. Succeeding Julian Cusack, interim Aspen Group chief financial officer, ...
Tags: Aspen Insurance Holdings, John Worth, chief financial officer
Lighting makes up about 18% of the total electricity consumed in the U.S. and energy efficient lighting plays a major role in conservation efforts. Switching from fluorescent to LED has benefits including energy savings and longer life, ...
Tags: energy efficient lighting, LED, light
The Insurance Council of New Zealand (ICNZ) has appointed Tim Grafton as its new chief executive officer (CEO), effective from November 2012. Grafton, currently serving as executive director at UMR Research, will succeed Chris Ryan, who ...
Tags: ICNZ, Tim Grafton, CEO, insurance
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 ...
Tags: Jackson National Life Insurance, life insurance, insurance, acquisition
Aviva has shortlisted Prudential and Manulife from the four potential buyers, which were selected from a second stage of bidding for Aviva's insurance business in Malaysia. The Malaysian underwriting business of Aviva is expected to fetch ...
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
HCL is in talks with DLF Pramerica Life Insurance to acquire 51% stake, a move that will allow the latter to foray into the Indian insurance market. DLF Pramerica Life Insurance is joint venture between DLF and Prudential International ...
Tags: HCL, DLF Pramerica Life Insurance, acquisition, Indian insurance market
The UK underwriter Aviva and CIMB have requested bidders to submit binding bids to acquire their Malaysian insurance joint venture by 29 October. Three underwriters including Prudential, Manulife Financial and Sun Life Financial are the ...
Tags: Aviva, CIMB, insurance, insurance product
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