Presidential Life Corporation, an affiliate of the American Financial Group has acquired Great American Life Assurance (GALAC) for $7.04m in cash. Great American Life Assurance's $5.6m in statutory capital and surplus, comprises of cash, ...
Tags: Presidential Life Corporation, insurance company, life insurance
Allied World US, a subsidiary of Allied World Assurance Company Holdings, has signed an agreement with Venture Underwriters to offer a General Liability program for commercial contractors. The program is scheduled to specifically target ...
Tags: Allied World US, commercial contractors, financial security insurance
American International Group (AIG) has reported 27% rise in net income attributable to AIG, which was $2.3bn for the second quarter of 2012, compared to $1.8bn during the same period last fiscal. For the latest quarter period, the ...
Tags: American International Group, net income, operating income
The Principal Financial Group has launched Basic Short-Term Disability to provide protection from the unexpected for more employees with a lower-cost option to its standard disability products. The Basic Short-Term Disability can be used ...
Tags: Principal Financial Group, Basic Short-Term Disability
Standard Insurance, a subsidiary of StanCorp Financial Group, has launched online educational modules for its group disability and life insurance customers, to simplify their understanding of available insurance policies. The newly ...
TIAA-CREF Life Insurance Company (TIAA-CREF Life) and M Financial Group (M Financial) have launched three new products for the M Financial clients. The three new products are M Intelligent Variable Universal Life Accumulator, M ...
Lincoln Financial Advisors, an affiliate of Lincoln Financial Group and EAGiL Financial Group, have established a strategic alliance in order to tap the opportunities of the financial market. Both firms, as per the agreement, agreed to ...
Tags: Lincoln Financial Advisors, financial market, EAGiL Financial Group
Lincoln Financial Advisors has named Stefan Lambert as its new managing principal, who will supervise recruitment of new advisors, retention and risk management. Lincoln Financial Advisors' Atlantic Regional Planning Group, which includes ...
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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 ...
Tags: Lincoln Financial, net income, third quarter, disability insurance
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
Macquarie Group, Principal Financial Group (PFG) in the US and Singapore based United Overseas Bank have submitted their bids to takeover ING’s Asian asset management business. The deal is expected to be valued at $500m to $600m, as ...
American Financial Group has reported net earnings attributable to shareholders of $226m or $2.39 per share for the third quarter of 2012, with an increase of 133% from $97m, or $0.95 per share, during the same period last year. Its core ...
Tags: American Financial Group, net earnings, quarter 3, shareholder
Canada-based Western Financial Group (Western) has purchased Orion Insurance Brokers of Winnipeg, for an undisclosed sum, in an effort to boost its presence in Winnipeg location. Expressing his views on the deal, Orion office manager ...
Tags: Western Financial Group, Orion Insurance Brokers of Winnipeg, Winnipeg
The Massachusetts Mutual Life Insurance Company (MassMutual) has appointed Peter Hoopis, CLU, ChFC, CLF to lead its newly launched general agency, Hoopis Financial Group in Deerfield, Illinois, US. MassMutual's senior vice president of ...
Tags: Massachusetts Mutual Life Insurance, Peter Hoopis, life insurance
MTL Insurance Company, a member of Mutual Trust Financial Group, has picked up the Sapiens ALIS policy administration system to administer its life and annuity business. The policy administrator will assist the US insurer to modernize its ...
Tags: MTL Insurance, policy administration system, life insurance