American General Life Insurance Company has rolled out its latest index annuity that provides a powerful grouping for retirement, including principal protection, growth potential and lifetime income for financial institutions and ...
Hong Kong Exchanges and Clearing Limited (HKEx) former chairman Ronald Arculli revealed investment surpassing USD 2 billion for developing service by FWD under Richard Li Tzar Kai, chairman of PCCW Ltd. (SEHK: 0008), seeking opportunity for ...
International financial services organization Goldman Sachs Group has divested a majority stake in its UK pension insurance business Rothesay Life to a group of companies. Based on the release by the company, Singapore wealth fund GIC and ...
Tags: Goldman Sachs, Rothesay Life
Global multiline property and casualty insurer ACE Group has reported net income of $916m, of $2.66 per share for the third quarter of 2013, up by 43.1% compared to $640m, or $1.86 per share, during the same period last fiscal. ACE ...
Tags: property insurer, casualty insurer
Canterbury District Health Board has settled its quake-related insurance claim and will receive the full amount available under its policy of $320 million. Bruce Matheson, CDHB chair, said it was a relief to have the claim settled. "It is ...
Tags: United Effort, Insurance Payout
New Zealand owned life insurer Pinnacle Life has added a new ‘tick box’, which enables policy owners to boost their accidental death coverage by 50% by increasing their current premiums by 20%. The company said that the new ...
Tags: Pinnacle Life, Life Insurance
US-based life insurer MetLife has received regulatory approval from Myanmar's Directorate of Investment and Company Administration to set up a representative office in the country. The company will now concentrate on completing the ...
Spain-based insurance firm Mapfre has purchased a 20% percent stake in Indonesia’s Asuransi Bina Dana Arta ( ABDA), for an undisclosed sum. Besides acquiring the minority stake in ABDA, Mapfre has formed a partnership to provide the ...
Global specialty property and casualty insurer and reinsurer, Catlin Group has chosen Guidewire InsuranceSuite as its new platform for rating, underwriting and policy administration, claims management, and billing. As part of a plan to ...
Tags: Catlin Group, Insurancesuite
In response to the growing financial impact and frequency of product recalls for food and beverage manufacturers, distributors and importers in the U.S. and Europe, American International Group (AIG) today launched NOVI, a web-based service ...
Zurich-based Swiss Reinsurance (Swiss Re) is reportedly looking for viable options to divest Aurora National Life Assurance Co, as the company seeks to exit the US life and health insurance market. People familiar with the matter were ...
Tags: Life Insurance, Swiss Reinsurance
Randall & Quilter Investment Holdings Ltd (‘R&Q’ or the ‘Group’) is pleased to announce that it has acquired the entire issued share capital of Flagstone Alliance Insurance and Reinsurance LTD (‘FAIR’), a ...
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
Swiss commercial property-casualty insurer Zurich has rolled out a new Side A D&O policy to deal with the growing litigation landscape and provide cover for liability exposures globally, including China, Brazil, Mexico, Japan and India. ...
London-based insurer RFIB Group (RFIB) has officially launched its new representative office in Durban, South Africa, as part of its strategy to boost its operation in the sub-Saharan insurance market. RFIB director John Hoggard has been ...
Tags: RFIB, Representative Office