Canadian group Manulife Financial and MetLife in the US are understood to be among the potential bidders to acquire a major stake in AmLife Insurance, the life insurance business of Malaysian bank AMMB Holdings. Sources familiar with the ...
US-based insurer MetLife has introduced Income Guard disability insurance product, intended to meet specific needs for consumers, while providing ability to customize their coverage. The disability insurance will meet the unique needs of ...
Tags: Metlife, Insurance Product
MAG Mutual Insurance Company (MMIC) has received final approval from the Oregon Insurance Department to move ahead with the acquisition of Utah Medical Insurance Association (UMIA). The acquisition plan of Utah-based medical professional ...
Tags: Oregon Insurance, Acquire Umia
American International Group (AIG) has reported net income attributable to the company of $2.2bn and after-tax operating income of $2bn for the first quarter of 2013, compared to $3.2bn and $3bn, respectively during the same period last ...
South Korean insurer Hanwha Life has selected eBaoTech LifeSystem as the policy administration system for management of its new business in Indonesia. The selection is based on the partnership between eBaoTech and Hanwha Life, which has ...
Tags: Hanwha Life, Indonesian Business
Global property and casualty insurer ACE Group has launched new ACE Express Private and ACE Express Not-For-Profit health care protection polices to provide comprehensive management liability coverage for health care organizations. ...
Global property and casualty insurer ACE has completed the acquisition of Mexican personal lines insurer ABA Seguros from Ally Financial for nearly $690m in cash, after offering a $175m pre-closing dividend to the seller. The definitive ...
Tags: casualty insurer, ABA Seguros
A major UK Insurer has awarded a multi-year agreement to Symbility Solutions for integration of claims management software and mobile scoping tool into its organization through its European partner, The Innovation Group (TIG). Scheduled ...
Tags: UK Insurer, Symbility Solution
HSBC Insurance has entered into an agreement to dispose of 50% stake in Hana HSBC Life Insurance Company, to joint venture partner Hana Financial Group. Financial terms of the transaction have not been disclosed, however it is expected ...
Tags: HSBC Insurance, Hana Financial
Legal & General (L&G), the UK based diversified financial conglomerate, is planning to purchase New Ireland Assurance's existing annuity business as well as a fraction of its future business, in a deal valued at nearly 136m (£114m). ...
QBE Insurance has tapped the US debt market for $US600 million to help buy back convertible securities next month, within days of being downgraded by credit ratings agency Moody's. Highlighting the strength of international debt markets, ...
Tags: QBE Insurance, US debt market
General insurance provider AXA has agreed to acquire 50% shareholding in Chinese property & casualty insurer Tian Ping Auto Insurance Company (Tian Ping), for a total consideration of €485m. As part of Ambition AXA strategy, the deal ...
Tags: insurance provider, insurance
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, ...
US stocks ended a tumultuous day with strong gains after a false tweet briefly sent financial markets veering, underscoring technology's role in tightly linking global markets. The Dow Jones Industrial Average briefly plunged Tuesday ...
Tags: US Markets, Reel on False