New York-based private equity firms J C Flowers & Co and Apollo Global Management are reportedly considering to submit bids for Hartford Financial Services Group’s Japanese annuity business. Three people familiar with the matter ...
Tags: Apollo, Global Management
Commonwealth Annuity and Life Insurance Co, a subsidiary of Global Atlantic, has acquired Aviva USA’s life insurance business following receipt of all necessary regulatory approvals. Global Atlantic Financial Group is a multiline ...
Tags: Life Insurance
Vantis Life Insurance has deployed a business process driven software suite called FAST Insurance Components to support commissions processing for its life and annuity business. FAST Insurance Components is developed by Flexible ...
Tags: Vantis Life Insurance, Insurance
Apollo Global Management (Apollo) has agreed to provide a set of heightened policyholder protections as part of Athene Holding's proposed acquisition of Aviva Life and Annuity Company of New York (Aviva New York). The New York's ...
Tags: Apollo, Policyholder Protections
The New York Department of Financial Services (NYDFS) has approved the purchase of Sun Life Financial’s US annuity business by Delaware Life Holdings. Delaware Life Holdings is owned by shareholders of Guggenheim Partners, a ...
Tags: Delaware Life, Sun Life
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). ...
US life insurer MetLife is likely in the process of selling its UK bulk annuities business, MetLife Assurance Limited, in a deal which might be valued around pound 1bn, in a bid to consolidate its operations. The sale is part of the ...
Revenue at Microsoft's Windows division was up 11% in the fourth quarter of 2012, bucking the long-running trend where the company's OS sales have mirrored PC sales. But the unexpected results, which made Windows the company's top ...
UK-based underwriter Rothesay Life has signed a pound 115m bulk annuity insurance agreement with Western United Group Pension Scheme, to cover a portion of the pension liabilities associated with Vestey Group's pension scheme. The ...
Tags: Rothesay Life, bulk annuity insurance agreement, Western United Group
ING US has appointed David Bedard as president of its annuities business segment, a part of ING US Retirement Solutions business that is focused on driving growth and long-term success in the fixed annuity market. Based in ING US Windsor ...
Tags: annuities business, David Bedard, President, annuity market
Presidential Life Corporation, an affiliate of the American Financial Group has acquired Great American Life Assurance (GALAC) for $7.04m in cash. Great American Life Assurance's $5.6m in statutory capital and surplus, comprises of cash, ...
Tags: Presidential Life Corporation, insurance company, life insurance
London based private equity firm Cinven is planning to launch its Partnership annuity business, although the firm has not revealed the name of the new underwriting entity. Sources close to the matter told Financial Times that the private ...
Japanese multinational conglomerate Nomura is seriously mulling to dispose or refinance its ING’s insurance unit in Japan, particularly its variable annuity business, with an aim to boost its capital base. A consortium including ...
Tags: Nomura, capital base, ING, insurance
Guggenheim Life, the underwriting business unit of Guggenheim Partners, is gearing up to acquire some, or all, of Aviva US, for expected purchase price of 800m p ($1.25bn). With $160bn assets, Guggenheim has plans to increase its ...
Tags: Guggenheim Life, acquisition, Aviva US, purchase price
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 ...
Tags: MTL Insurance, policy administration system, life insurance