Lloyds Banking Group, a 40% government-owned UK lender, is mulling to divest its German insurance business Heidelberger Leben to Frankfurt-listed insurer Hannover Re, in a transaction valued at approximately €400m ($533m). As part of ...
Tags: Lloyds Banking, Insurance
Prudential Insurance Company of America (PICA) and Bank Simpanan Nasional (BSN) have agreed to acquire 100% of Uni.Asia Life Assurance’s (UAL) issued and paid-up ordinary share capital, to boost their insurance operation in Malaysia. ...
Tags: Life Assurance
Property and casualty insurance provider American International Group (AIG) has named Kevin Hogan as new CEO of AIG Global Consumer Insurance, effective October 2013. Hogan, who earlier served the company for 24 years, will report to ...
Tags: Consumer Insurance
Apollo Global Management (Apollo) has agreed to provide a set of heightened policyholder protections as part of Athene Holding's proposed acquisition of Aviva Life and Annuity Company of New York (Aviva New York). The New York's ...
Tags: Apollo, Policyholder Protections
Insurer Lincoln Financial Group (LNC) has unveiled next generation survivorship variable universal life insurance product, SVULone (2013), which provides a guaranteed lifetime death benefit, while enabling to pursue market-driven growth ...
Tags: Lincoln Financial, Life Policy
UK-based diversified insurance company Aviva is reportedly considering divesting its 26% shareholding in its Indian life insurance joint venture (JV) Aviva India, which represents its exit from the business in the country market. The ...
Tags: Aviva, Insurance JV
Lincoln Financial Group has launched a new e-ticket system for its hybrid life insurance policies featuring AFFIRM technology from Aplifi, to shorten application process. Besides reducing the potential of lost sales for producers, the ...
Tags: Lincoln Financial, E-Ticket System
Allianz Life Insurance Company of North America (Allianz Life) has deployed Accenture’s life and annuity insurance software suite to support its new business and core policy administration needs for variable annuity products. The ...
Tags: Life Insurance
Global multiline property and casualty insurer ACE Group has named Geoff Russell as its new regional senior professional indemnity underwriter for UK and Ireland, to boost underwriting capabilities throughout its network of regional ...
Tags: multiline property, ACE
The handloom industry is one of the industries which uses labour intensive techniques. The total number of people currently employed in this sector/industry is 43.32 lakhs as per the census of 2009-10. Handloom weaving constitutes one of ...
British multinational life insurance company Aviva and Bank Zachodni WBK have reached an agreement to expand their ongoing strategic partnership in Poland until 2033. As per terms of the agreement, the UK-based insurer will increase its ...
Tags: Aviva, Zachodni WBK
American International Group (AIG) has reported net income attributable to the company of $2.7bn, or $1.84 per share, for the quarter of 2013, up by 17% compared to $2.3bn, or $1.33 per share during the corresponding period earlier year. ...
The Covered California health insurance exchange has accepted Health Net Life Insurance’s bid to provide healthcare coverage to eligible small businesses for all 58 counties in the state. Health Net Life Insurance is a wholly owned ...
Tags: health insurance, Health Net Life
Manulife Financial has inked a contract to dispose of its life insurance business in Taiwan to CTBC Life Insurance Co (CTBC Life), a subsidiary of CTBC Financial. The acquisition of insurance operations of Manulife in Taiwan, which ...
Tags: Life Insurance, CTBC Life
US personal lines insurer Allstate has rolled out its new life insurance policy, dubbed as whole life advantage, which guarantees death benefits, cash values and premiums, in case of sudden demise of the policyholder. Underlining the ...
Tags: Allstate, Whole Life Insurance