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
The 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
Allianz 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
Prudential 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
Fidelity & 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
Securian 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
American 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 ...
Affinion 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
International 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
Shriram 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
TAL 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
Affordable 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
South 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
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
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