Malaysia-based banking group AMMB Holdings is looking for potential buyers to dispose of certain stake in its life insurance operations, in a bid to raise nearly $600m from the deal. Sources familiar with the deal were quoted by the Wall ...
Tags: Life Insurance, Insurance
US mutual insurer Sentry Insurance has introduced a mobile version of its risk management solution at the 2013 RIMS Annual Conference & Exhibition in Los Angeles, US. Dubbed Sentry Insight Mobile, the new solution offers an enhanced, ...
Property and casualty insurer ACE has reported net income of $953m during the first quarter of 2013, with a decrease of 2% compared to $973m during the corresponding period earlier year. For the latest quarter period ended on 31 March ...
Tags: ACE, Net Income
ACE Medical Risk Group has teamed up with Trust Risk Management Services (TRMS) to provide admitted professional and general liability policy, designed to offer insurance protection to individuals and small groups of allied healthcare ...
Tags: ACE Partners, Liability Coverage
London-based underwriter Aviva is considering purchasing the Co-operative Group general insurance business in a deal valued at approximately £650m ($989.82m). Co-operative Group, which operates as one of the UK's largest consumer ...
Tags: Aviva, Co-Operating Insurance
US-based Fringe Benefit Group has introduced a range of insurance plans, Framework benefits, designed specifically for part-time workers Framework benefits will include dental, vision, critical illness, short-term disability, life ...
Dutch financial conglomerate ING, has agreed to dispose of its 49% stake in Korean joint venture (JV), KB Life Insurance Company (KB Life), to venture partner KB Financial Group. A total consideration of KRW166.5bn (€115m) will be ...
Tags: ING, KB Life Insurance
The Phoenix Companies, a US-based boutique life insurance and annuity company, has introduced a single premium fixed indexed annuity offered with a Guaranteed Lifetime Withdrawal Benefit (GLWB) rider. Available through independent ...
Property and casualty insurer ACE has established a $95m special purpose vehicle, Altair Re, to offer additional collateralized capacity for its global reinsurance business. The capital will be used to largely support ACE Tempest Re's ...
Tags: ACE, Special Purpose Vehicle
ACE European Group has named John Napier as the new non-executive chairman of two of its key entities, ACE European Group and ACE Underwriting Agencies. The appointment of Napier, who previously has undertaken senior roles within UK and ...
Tags: ACE European Group, appointment
London-headquartered diversified financial conglomerate HSBC is gearing up to offload its general insurance business in Macau, as part of its strategy to get rid of unprofitable businesses across the globe. One of its indirect wholly ...
Canada-based Sun Life Financial and Khazanah Nasional in Kuala Lumpur have completed the acquisition of CIMB Aviva Assurance and CIMB Aviva Takaful after receiving regulatory approvals in Malaysia and Canada. CIMB Aviva Assurance is a ...
Tags: Sun Life, CIMB Aviva
The Guardian Life Insurance Company of America (Guardian), a provider of employee benefits, has introduced a new absence management program Guardian AbsenceWorks, aimed to help brokers and employers navigate the changing employee benefits ...
ACE Group, a multiline property and casualty insurer, has unveiled a new agriculture property and casualty insurance business, known as ACE Agribusiness, in a bid to further reinforce its presence in the sector. The newly established ...
Canada based financial services group Manulife Financial and HDFC Life, the Indian affiliate of Standard Life, have submitted their bids to acquire HSBC's Indian life insurance arm, which has a market value of nearly $200m. As part of a ...
Tags: Manulife, HDFC Life, financial services