Scottish Re Group has reported a net income of $17.13m for the first quarter of 2012, compared to $22.38m for the same period in 2011. The total revenues decreased to $130.25m for the first quarter of 2012, compared to $165.74m for the ...
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Life Partners has appointed Scott Dubs as its chief financial officer, who has 36 years of financial experience, including 12 years as an auditor with Price Waterhouse Coopers and 24 years as CFO/VP of Finance. Dubs has succeeded Dave ...
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MassMutual's Retirement Services Division has hired Christopher Stout as sales director to strengthen its growing footprint in the Southeast region. Stout, who joined the firm in the first week of August, reports to Shefali Desai, ...
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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 ...
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CSC has licensed components of its Integral insurance administration software suite to Aviva Life Insurance Company India, under a deal signed by both parties in the first quarter of fiscal 2013. As part of Aviva India's business systems ...
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The Guardian Insurance & Annuity Company (GIAC), a wholly-owned subsidiary of The Guardian Life Insurance Company of America, has selected Jasonn Potter as the regional vice president for its retirement plans sales team. In his new role, ...
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Genworth Financial has reported a net income of $76m, or $0.16 diluted earnings per share, for the second quarter of 2012, compared to a net loss of $136m, or $0.28 diluted loss per share, for the same period in 2011. The total revenues ...
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Switzerland’s Zurich Insurance Group has reported that its net profit attributable to shareholders after taxes for the third quarter of 2012 has declined by 62% to $477m from $1.2bn during the same period a year ago. Total business ...
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US based life insurer National Western Life Insurance Company reported that its revenue rose by 9% to $196.7m for the first quarter in 2012, compared to revenue of $180.37m during the same quarter previous year. Operating revenues, ...
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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 ...
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Sagicor Life Insurance has completed acquisition of Washington-based PEMCO Life Insurance including addition of the latter’s 7,500 policyholders to its existing 60,000 holders, further boosting an aim to improve the communities in ...
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Genworth Financial has appointed Daniel Sheehan IV as senior vice president and chief investment officer, effective from 30 April 2012. Sheehan will report to Genworth chief executive officer and chairman Michael Fraizer and will assume ...
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US based private equity firm Apollo Global Management (APO) is said to be ahead of its rivals Philip Falcone's Harbinger Group in bidding race to purchase Aviva US life insurance and annuities unit. Sources familiar with the development ...
Tags: Apollo Global Management, Philip Falcone, bidding race
The UK's biggest insurer by market capitalisation, Prudential is in a deal with Swiss Re to purchase part of the latter's US life assurance business for 398m pounds in cash. The deal would be carried out through Prudential's subsidiary, ...
Tags: Prudential, Swiss Re, life assurance, insurance
Prudential Group Insurance, a business of Prudential Financial, has named Andrew Sullivan as the new head of its disability business, with immediate effect. Sullivan, currently spearheading the underwriter's small market business segment, ...
Tags: Prudential Group Insurance, Prudential Financial, Andrew Sullivan