Global multiline property and casualty insurer the ACE Group has expanded critical catastrophe limits to $30m, throughout all its North American retail and wholesale broker-distributed commercial property lines of business. The company ...
Prudential Financial’s Individual Life Insurance business is planning to launch BenefitAccess rider on its PruLife Universal Protector policy for an extra premium. The optional rider allows policyholders to use the death benefit to ...
Tags: Life Insurance
Careington International Corporation has signed an agreement with Metropolitan Life Insurance Company to offer a no-cost discount prescription card. Offered through MetLife's US Sponsored Direct business channel, the card allows members ...
Tags: Careington, No-Cost Discount Prescription Card, Metlife
Health insurer Health Insurance Innovations (HII) has rolled out HealtheMed STM plan (Short-Term Medical) in collaboration with HCC Life Insurance Company (HCC), which caters medical stop loss, group term and short term medical insurance. ...
Tags: Medical Insurance, HCC Life
AIG's American General Life Companies has unveiled its new lifestyle income rider, which can be issued with AG secure lifetime guaranteed universal life insurance (GUL) policies. The lifestyle income solution on AG Secure Lifetime GUL is ...
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
Fidelity & Guaranty Life Insurance Company has introduced a traditional deferred fixed annuity named Simplicity Elite to the address needs of pre-retirees. Simplicity Elite series offers minimum guarantees and the guaranteed minimum death ...
Switzerland-based Zurich Insurance Group is said to have a plan to buy into Chinese property insurance firm Sinosafe General Insurance Co., Ltd. Sources said recently that the Swiss insurance group was looking for a stake in a Chinese ...
Genworth Financial has expanded its family of SecureLiving Fixed Index Annuities with the launch of SecureLiving Index 5, a five-year, single premium fixed deferred annuity. The new annuity assures 104% of the premium at the end of the ...
Smart process applications provider Kofax has said that a major life insurance carrier based in the US has expanded the usage of its systems to improve the pace of claims processing. The carrier has invested an additional $550,000 to ...
Tags: Life Insurer, Kofax Systems
US-based health care benefits company Aetna is planning to stop issuing health care products to individual consumers in California at the end of 2013. The health insurer, which notified California's insurance regulator about its impending ...
UK-based independent brokerage Drewberry Insurance has launched a new protection payout rate tool that provides the payout rates across 11 different providers for income protection, critical illness insurance and life insurance. The new ...
New York Life Insurance Company has named Brooke Zrno Grisham as CEO in charge of the Nautilus Group to head a premier team of industry professionals based in Dallas. Grisham, who joined New York Life in 1999 as a senior associate in the ...
18 life insurance firms in China may be kept from opening new provincial branches because of their continuous loss-making, said people in the know. The 18 life insurers include six Chinese players and 12 foreign players like Allianz China ...
UK-based mutual life and pensions company Royal London has announced that 95% of its members have approved the acquisition of Co-operative Insurance Society (CIS), the life insurance business of the Co-operative Banking Group. Members ...