BMO Insurance today introduced BMO Guaranteed Investment Funds (GIFs) - segregated funds which are designed to help Canadians reach their retirement saving goals while protecting their hard-earned dollars. The funds are an ideal choice ...
Tags: Service
UK-based life insurance group Resolution is, reportedly, negotiating with prospective buyers to divest its Luxembourg-based Lombard division, which markets tax-efficient insurance products to high net-worth individuals. The business that ...
Tags: Life Group, Insurance Business
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
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
Japan-based underwriter Meiji Yasuda Life Insurance is engaged in advance negotiations to acquire a 15% stake in Thai Life Insurance, for nearly $700m. People familiar with the matter were quoted by Reuters as saying that the proposed ...
Tags: Service, Insurance, Life Insurance
Hong Kong-based Dah Sing Life Assurance (DSLA) has completed implementation of eBaoTech LifeSystem suite to run its conventional and unit-linked life insurance operations. Accomplished in two phases, the implementation has enabled the ...
Tags: Dah Sing, EBaotech, LifeSystem
Fidelity Life Assurance Company has purchased most of life insurance business from New Zealand insurance company Tower in a deal valued at approximately NZ$189m ($159.54m). The deal has enabled Tower to concentrate on general insurance ...
Aurigen USA Holdings has acquired Brokers National Life Assurance from Ameritas Life Insurance, following the receipt of approval from concerned regulatory bodies. Financial terms of the transaction remain undisclosed. Originally inked ...
Tags: Aurigen Capital, Life Assurance
General insurance provider AXA UK has appointed Ian Brimecome as chairman of the board with immediate effect, who has been serving as a non-executive director of the company in the UK for six years. With more than 30 years of expertise of ...
Tags: General insurance, insurance, financial services industry
HSBC Life Assurance Malta has entered into a portfolio transfer agreement with HSBC Life (Europe) (HLE) for the acquisition of HLE's insurance policy book for nil consideration. Pending receipt of concerned regulatory approvals, the ...
Tags: HSBC, Life Assurance, Assurance
Aurigen Capital has signed a definitive agreement to acquire Brokers National Life Assurance Company from Ameritas Life Insurance. Under the terms of the agreement, Aurigen Capital's unit Aurigen USA will buy Brokers National Life ...
Old Mutual has completed the acquisition of a majority stake in Oceanic Life, the life assurance operations of the former Oceanic Bank in Nigeria. Financial terms of the transaction, which was originally announced in February 2012, have ...
Tags: Old Mutual, majority stake, Oceanic Life
PVI Sun Life Insurance has received regulatory approval from both Vietnam and Canada regulators to operate its life insurance business in Vietnam. Set up as a joint venture (JV) between PVI with 51% stake and Sun Life Assurance Company of ...
Bermuda-based Athene Annuity & Life Assurance Company (Athene Annuity) has completed the acquisition of US-based Presidential Life, which markets and sells various fixed annuity, life insurance and accident and health insurance products. ...
Tags: Athene Annuity, Presidential Life, annuity, life insurance
Presidential Life has received stockholders approval for merger with Athene Annuity & Life Assurance Company, which is a retail fixed and index annuity sales and reinsurance provider. Athene had inked an acquisition agreement with ...
Tags: Presidential Life, Service, Athene Annuity