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Sumitomo Life Insurance of Japan Will Acquire 40% Stake for Nearly Jpy36.2bn ($354m)
Dec 4, 2013Sumitomo 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
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Missouri Department of Insurance and Missouri Insurance Department Reach Claim Settlement
Nov 22, 2013The Missouri Department of Insurance and New York Life have reached a settlement following an examination into the firm’s life insurance and annuity benefits handling. Missouri will receive $179,916 from New York Life, under a ...
Tags: Insurance, New York Life
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The Allianz Signature 7 Annuity Is Unveiled by Allianz Life
Nov 20, 2013Allianz Life Insurance Company of North America has unveiled the Signature 7 Annuity, which offers accumulation potential and access to savings after seven years. Exclusively available to financial professionals working with the Allianz ...
Tags: Allianz Life, Service
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Prudential Individual Life Insurance Named Ann Nanda Vice President of Institutional Sales
Nov 14, 2013Prudential Individual Life Insurance, a business of Prudential Financial, Inc. (PRU), has named Ann Nanda Vice President of Institutional Sales. In this role, she is responsible for building on and executing a strategy to deliver ...
Tags: Life Insurance
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Fidelity & Guaranty Life Is Redomesticating From Maryland to Iowa Effective November 1
Nov 5, 2013Fidelity & Guaranty Life Insurance Company (Fidelity & Guaranty Life) announced that it is redomesticating from Maryland to Iowa effective November 1, 2013. This past week the company received approvals from the Iowa Insurance Division and ...
Tags: Life Insurance, Service
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Securian Has Rolled out a Simplified Issue Whole Life Insurance Product by Sallie MAE
Nov 4, 2013Securian Financial Group, a US-based financial services holding company, has rolled out a simplified issue whole life insurance product in collaboration with Upromise by Sallie Mae. Through the new product, Securian aims to offer life ...
Tags: Securian, Life Insurance Policy
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American General Life Insurance Company Has Rolled out Its Latest Index Annuity
Nov 1, 2013American General Life Insurance Company has rolled out its latest index annuity that provides a powerful grouping for retirement, including principal protection, growth potential and lifetime income for financial institutions and ...
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Affinion Announced That Its Insurance Division
Oct 24, 2013Affinion Group ("Affinion" or "the Company"), the global leader in enabling companies to connect and engage with their customers, thereby creating rewarding relationships and enhancing brand loyalty, today announced that its insurance ...
Tags: Affinion Benefits Group, Insurance
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Goldman Sachs Group Has Divested a Majority Stake in Its Insurance Business Rothesay Life
Oct 24, 2013International financial services organization Goldman Sachs Group has divested a majority stake in its UK pension insurance business Rothesay Life to a group of companies. Based on the release by the company, Singapore wealth fund GIC and ...
Tags: Goldman Sachs, Rothesay Life
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Shriram General Insurance,Sanlam Is Mulling Over Acquiring Non-Life Insurance Operations
Oct 24, 2013Shriram General Insurance (SGI), the non-life insurance subsidiary of Shriram Capital, and its South African partner Sanlam, are mulling over acquiring non-life insurance operations in Asia, including Malaysia, Indonesia, Vietnam, and ...
Tags: General Insurance, Insurance
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TAL Dai-ichi Has Agreed to Purchase 100% Ownership of NFS Group
Oct 22, 2013TAL Dai-ichi Life Australia, a unit directly owned by the Dai-ichi Life Insurance Company, and its subsidiaries, has agreed to purchase 100% ownership of NFS Group (National Financial Solutions and its subsidiaries), for an undisclosed sum. ...
Tags: NFS Group, Life Insurance
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ACA to Be a Major Setback for Insurers
Oct 16, 2013Affordable Care Act (ACA) also known as Obamacare, the flagship complimentary health insurance program for all the US denizens, is proving to be a major setback for insurers, and nine insurance firms are pulling out of Nebraska medical ...
Tags: Insurers, Healthcare Insurance
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Sanlam Emerging Markets to Acquire 49% Stake in The General Insurance Operations
Oct 15, 2013South Africa's financial services group Sanlam Emerging Markets (SEM) in engaged in negotiations with Nico Holdings, to acquire 49% stake in the general insurance operations in Malawi, Tanzania, Uganda and Zambia. Financial terms of the ...
Tags: General Insurance
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Guardian Life Rolled out Its Stop Loss Insurance Product for Employers
Oct 15, 2013The 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
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Commonwealth Annuity and Life Insurance Acquired Aviva USA's Life Insurance Business
Oct 8, 2013Commonwealth 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
