Sumitomo Life Insurance of Japan has reached an agreement to acquire 40% stake in PT Bank Negara Indonesia's life insurance business for nearly JPY36.2bn ($354m). Sumitomo Life said in a statement that the partnership with BNI and BNI ...
Tags: Service
MetLife, a US life insurer, has been chosen as an official partner for the US Department of Veterans Affairs Dental Insurance Program (VADIP), for which enrollment started on 15 November, while the coverage begins from 1 January 2014. ...
Tags: Dental Insurance, MetLife
UK-based life and general insurer Aviva has embarked on a conditional agreement to divest its entire 39% stake in Eurovita Assicurazioni, to New York-based private equity firm JC Flowers, in a cash transaction valued at approximately ...
Tags: Aviva Agrees, Insurer
Cognizant (CTSH) has announced that Max Life Insurance, India's largest non-bank owned private life insurer, has licensed Cognizant's TruMobi suite as its enterprise mobility platform to help transform the way thousands of its agent ...
US-based life insurer MetLife has reported third quarter 2013 profit of $942m, or $0.84 per share, compared to a loss of $984m or $0.92 per share during the corresponding period last fiscal. For the quarter ended on 30 September 2013, ...
New Zealand owned life insurer Pinnacle Life has added a new ‘tick box’, which enables policy owners to boost their accidental death coverage by 50% by increasing their current premiums by 20%. The company said that the new ...
Tags: Pinnacle Life, Life Insurance
US-based life insurer MetLife has received regulatory approval from Myanmar's Directorate of Investment and Company Administration to set up a representative office in the country. The company will now concentrate on completing the ...
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
The Guardian Life Insurance Company of America, a mutual life insurer and employee benefits provider, has rolled out its stop loss insurance product for employers that self-fund their own health plans. Guardian's Stop loss insurance ...
Tags: Life Insurance, Guardian
India-based Jammu & Kashmir Bank is planning to offload entire or a fraction of its 5% stake in life insurance joint venture (JV) MetLife India. J&K Bank CEO and chairman Mushtaq Ahmed was quoted by the Economics Times as saying that the ...
Tags: J&K Bank, Minority Stake
US-based life insurer MetLife has finalized acquisition of a 64.3% stake of Chilean pension fund administrator, AFP Provida from Spanish bank BBVA, in a deal worth approximately $1.54bn. From the sale of AFP, the Spanish bank received ...
Tags: Metlife, life insurer
Malaysia-based diversified financial conglomerate CIMB Group is seriously exploring options to divest certain stake in Indonesian life-insurance joint venture (JV), PT CIMB Sun Life, to leverage growth opportunities in Southeast Asia. ...
Tags: Life-Insurance, CIMB Mulls
US-based insurer MetLife will roll out the Enhanced Care Benefit as a rider available on its entire whole life portfolio, to offer consumers with greater flexibility and convenience to fulfill their insurance needs. Available for policies ...
China Eastern Airlines Group, parent of leading Chinese airline China Eastern Airlines Corp. Ltd. (SHSE: 600115 and SEHK: 0670), plans to quit Cathay Life Insurance Co., Ltd. It put a 50 percent stake in the 50-50 joint venture with ...
Tags: Service
Guardian Life Insurance, a mutual life insurer and a provider of employee benefits, has appointed Caitlin Pincus as senior vice president of Strategy & Guardian Labs and Dean Del Vecchio as senior vice president and chief information ...
Tags: Guardian Life, Insurance