Life Insurance
Combined net worth for the State Farm group increased in 2009 by $4.8 billion to end the year at $58.1 billion
The primary reason for the improvement was a $3.8 billion increase in the value of the property-casualty (P-C) companies’ unaffiliated stock portfolio (net of...
Taiwan aims to rule on AIG unit’s deal by June
Taiwan aims to make a decision by the end of June on the controversial sale of the local unit of American International Group (AIG)...
Prudential eyes Asia’s coming insurance boom
Asia's insurance industry is set to boom thanks to rising incomes, a growing middle class and ageing populations, explaining the allure behind Prudential's costly...
Swiss Re edges back to profit-making
One of the world's biggest reinsurers, Swiss Re, on Thursday reported a 506-million-Swiss-franc annual net profit in 2009, edging away from a record loss...
How to get the best life insurance deals ?
People across the UK have been offered some advice on how to get the best life insurance deals to meet their needs.
Kevin Tooze, managing...
State Farm Life Insurance Affiliates Expect to Pay Policyholders $653 Million in Dividends for 2010
State Farm Life Insurance Company, State Farm Life and Accident Assurance Company and State Farm International Life Insurance Company Ltd. announced an increase in...
France: The Groupama Group creates Groupama Gan Vie
The new company is the result of the merger of Groupama Vie and Gan Eurocourtage Vie into Gan Assurances Vie and the transfer of...
Asia: S.Korea watchdog penalises insurance unit Kumho Life over losses
South Korea's financial watchdog said Thursday it penalised the insurance unit of South Korea's debt-stricken Kumho Asiana group for causing 243 million dollars in...
Life longevity problem in Asia ‘serious as climate change’
Longer lifespans, falling fertility rates and growing ranks of elderly people in Asia can pose problems as serious as the impact of climate change,...
US: Allianz Life Insurance appoints Ross Bowen as vice president of profitability management
Allianz Life Insurance Company of North America has appointed Ross Bowen as the vice president of profitability management.
In his new role, Mr Bowen will...
Asia: S.Korea’s largest life insurer to launch IPO
South Korea's biggest life insurer has applied to launch what would likely be the country's largest ever initial public offering, the stock exchange said...
AIG in talks with Metlife to sell Alico
AIG is in talks with MetLife Inc. to sell one of its largest insurance units for between $14 billion and $15 billion, according to...
Prudential Plc’s Japan Life Unit to Stop Life Insurance Sales
PCA Life Insurance Co. Ltd a life insurance unit of U.K.-based Prudential plc, has ended sales of new policies in Japan as of Jan....
Allianz receives license for P&C subsidiary in China
The Chinese regulatory authority CIRC has granted Allianz the license to convert Allianz Insurance Company Guangzhou Branch into a subsidiary. This decision marks a...
China Life’s 2009 insurance premiums $43.38 billion
China Life Insurance Co. the country's biggest life insurer by premiums, said Monday its insurance premium income in 2009 totaled CNY295 billion (US$43.38 billion)....
Swiss Re transfers risk from closed block of US individual life reinsurance business to Berkshire Hathaway
Swiss Re announced today the closing of a US individual life retrocession transaction with Berkshire Hathaway. The transaction builds on Swiss Re’s tradition of...
AXA aquires Omniasig Life and enter the Romanian Life insurance market
AXA announced today the acquisition of Omniasig Life. With this operation, AXA enters the Romanian Life insurance market, in line with its objective of...
Asia: China Pacific Insurance 2009 Life Insurance Premium reached CNY67.6 Billion
China Pacific Insurance (Group) Co. said Friday its life insurance premium income in 2009 was 67.6 billion Chinese yuan ($9.9 billion).
It collected a total...
Generali could become banca pop milano Life Partner
Italian insurance giant Assicurazioni Generali SpA could become Banca Popolare di Milano's next life insurance partner, Il Messaggero reports Friday, without citing its sources.
Generali...
UBI banca in talks with Aviva to sell stakes
Italy's UBI Banca is in exclusive talks with insurer Aviva to sell a minority stake in its Banca Popolare di Ancona unit, a source close...
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