Life Insurance
External growth : Allianz ready to shop for insurance firms
German insurer Allianz has set aside a billion euros (1.37 billion dollars) for future acquisitions but will take its time and shop carefully, chief...
Goldman Sachs says Prudential’s Asian plan is right
Prudential should sell its American business before hiving off its Asian assets, a confidential strategic review designed to appease investor concern about its inherent...
Prudential and MetLife set to buy AIG units in Japan
Prudential Financial Inc. and MetLife Inc., insurers that have competed for U.S. sales for more than a century, are extending their rivalry in Japan...
Good to know : How to value an insurance company
General insurance, such as home and car insurance, is mainly short-term business. Broadly, the insurer collects a premium and for the following twelve months...
Announcement : Aegon keeps protection but shuts pension admin division
Aegon today provides further details on the implementation of its plans, announced in June, to restructure and refocus its business in the United Kingdom....
Reliance Anil Dhirubhai Group : listing of Reliance Life as a separate company
The Reliance Anil Dhirubhai Group said it was looking closely in listing its insurance business on stock markets apart from entering the commercial banking...
Study : Europeans under-insured according to Swiss Re report
In a study published by Swiss Re it would appear that Europe's life insurers are missing out on a potential 25 billion Euro in...
AIG nears sale of two Japanese units
Troubled US insurer American International Group is close to selling two Japanese life insurance units to Prudential Financial Inc. in a five billion dollar...
Acquisition : Foresters to acquire New York-based First Investors Consolidated Corporation
Foresters and First Investors Consolidated Corporation (FICC) today announced that they have entered into a definitive agreement under which Foresters will acquire a 100%...
Vienna Insurance : pretax rising for 2011
Vienna Insurance Group expects to raise its pretax profit next year even though 2011 will be "more difficult" than 2010, the group's chief executive...
Acquisition : AXA UK life integrates with Friends Provident
Resolution today confirmed it has completed the acquisition of the AXA UK life businesses comprising protection, corporate benefits and annuities.
The combined business is now...
Fidelity : variable annuity fees cut for financial advisers
To attract more financial fee-based advisers, Fidelity Investments' life insurance arm has cut fees on its Fidelity Personal Retirement Annuity. Fees on the variable...
Life insurance : a sound financial plan for every stage in life
Life insurance plans can help meet coverage needs for every stage in life (married, single, young, older). "Life insurance is an essential part of...
AXA unit sale : Australia’s watchdog blocks bid a second time
Australia's competition regulator blocked National Australia Bank's $12 billion bid for AXA Asia Pacific for a second time, dashing NAB's efforts to cement its...
Study / Annuities: Allianz Survey shows Americans’ preferences
More than half (nearly 54%) of Americans aged 44-75 expressed distaste for the word "annuity", according to a recent survey from Allianz Life Insurance...
Appointment : Terry McGinness is XL Insurance’s new Chief Information Officer
XL Insurance, the global insurance operations of XL Group plc, today announced the appointment of Terry McGinness as Chief Information Officer (CIO) for its...
LV= : British mutual insurer sales surge
Rising car insurance prices and strong demand for specialist annuities created a surge in British mutual insurer LV= sales. LV=, formerly Liverpool Victoria, had...
HSCB / Nedbank : South Africa regulators fear foreign control
HSBC is in exclusive talks to buy a controlling stake in Nedbank, South Africa's fourth-largest bank, from insurer Old Mutual. Yet rigid controls on...
Merger : Industrial Alliance buys Golden State Mutual
Canada's fourth-biggest insurer Industrial Alliance Insurance and Financial Services Inc. said Friday it has acquired the life insurance policies of California-based Golden State Mutual...
AIG / Taiwan : end of unit deal for Hong Kong buyer?
US insurance giant American International Group has signaled it wants to end the sale of its Taiwan unit to a Hong Kong consortium after...
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