Life Insurance
Insurers confidence to be more difficult to sustain as brokers confidence boosted
Life Insurance
Life insurance companies saw a rise in new business values for the first time in over two years, although other income values fell...
AXA Equitable unveils the Retirement Cornerstone
AXA Equitable Life Insurance Company has announced that it is now launching Retirement Cornerstone, a variable annuity with a dual-account investment platform expected to...
ING IM assigned a CMBS primary servicer rating of ‘CPS3+’ by Fitch
ING IM's primary servicer rating is based on the long tenure of the company's management team, its...
China Life Insurance to prepare its 2009 financial reports under China’s new accounting rules
China Life Insurance Co. will prepare its 2009 annual financial reports under China's new accounting rules.
The company said in a statement Thursday evening that...
Heath Lambert to team up with the National Autistic Society to provide travel and life insurance cover
Heath Lambert, the specialist insurance scheme designed for people living with pre-existing medical conditions, has teamed up with The National Autistic Society (NAS) to...
ING to sell 50% Pacific Antai Life Insurance stake to China Construction Bank
ING will sell its 50% stake in one of its two insurance joint ventures in China to China Construction Bank Corp, the two companies...
Taiwan hopes Nan Shan application to be resubmitted
Taiwan's top financial regulator told lawmakers Wednesday he hopes the consortium that won the bidding for American International Group Inc.'s (AIG) Taiwan unit will...
AIG halting sale of stake in Chartis
American International Group Inc has halted efforts to sell a stake in Chartis, as Chief Executive Robert Benmosche focuses on expanding the property and...
Tesco Bank launches its life insurance partnership with Friends Provident
Tesco Bank has launched its life insurance partnership with Friends Provident, announced earlier this year. All new customers taking out Tesco Life Insurance will...
Marsh to acquire US brokers, NIA Group
Marsh & McLennan Agency LLC, a subsidiary of insurance broker Marsh Inc., today announced it has acquired The NIA Group, LLC, one of the...
Over 100 families helped every day by critical illness and life insurance
In 2008, over 100 families and individuals a day were helped at the most difficult times in their lives by claiming on their life...
Korea Life Insurance applies for preliminary approval for about $2 billion IPO
Korea Life Insurance Co. submitted an application for preliminary approval for its initial public offering next year to the Korea Exchange, the bourse said...
Allianz to grow and expand property, casualty business in Japan
Allianz has announced its intention to expand its property and casualty business in Japan. As from January 1, 2010, Allianz Fire and Marine Insurance...
National Australia Bank unveils bid for AXA Asia Pacific
National Australia Bank Ltd., the country's third-largest by market capitalization, Thursday unveiled a surprise US$11.9 billion (A$13.3 billion) bid for AXA Asia Pacific Holdings...
UK insurance market premium income down 18 per cent in 2008 with a further fall in 2009
Net worldwide premium income of the UK insurance sector fell 18 per cent in 2008 to £215.3bn according to new research today from International...
UK life insurers to find simpler definitions for protection products and services
UK consumers are confused about what insurance cover they think they have compared with what they are actually covered for, according to Swiss Re’s...
ABI launched actuarial guidance for life insurers
The ABI has launched guidance for life insurers on when internal actuarial advice should be subject to external review. It follows a public...
Samsung Life Insurance undertakes to split shares ahead of IPO
Samsung Life Insurance Co., South Korea's largest life insurer by market share, said Wednesday that it is undertaking a 10-for-1 share split ahead of...
Primus Financial and China Strategic Holdings in talks with Taiwan regulators for AIG unit
Primus Financial Holdings Ltd. and China Strategic Holdings Ltd. , which American International Group Inc. (AIG) selected to buy its Taiwan life insurance unit...
Equity swap allows AIG to cut 25 billion dollars in Fed debt
Bailed-out US insurance giant AIG said Tuesday it had agreed to provide an equity stake in two subsidiaries to the Federal Reserve in a...
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