All the headlines from our Life Insurance Topic Page, ordered by recency.
May 27 2014 // Suncorp Group Ltd., Australia’s largest general insurer by market value, plans a A$500 million (US$462 million) write-down at its life insurance unit and cut its growth target for the year to June 2015.The write-down...
May 4 2014 // The Florida legislature has approved legislation setting out new insurer solvency requirements while also requiring individuals to disclose information about any affiliated company.Sponsored by Senator David Simmons...
Mar 28 2014 // After Symetra Financial Corp. was formed in 2004, the life insurer set up shop in a 25-story glass tower outside Seattle, put its name on the building and pushed the state to adopt more favorable rules for its business.The...
Mar 21 2014 // The Canada Pension Plan Investment Board (CPPIB) announced that it has agreed to buy U.S. life insurance and reinsurance provider Wilton Re Holdings Ltd for $1.8 billion from a group of private equity firms, the first...
Mar 14 2014 // Ping An Insurance (Group) Co., China’s second-biggest insurer, fell to the lowest in more than a month in Hong Kong trading after reporting profit that trailed analysts’ estimates.The shares fell 1.1 percent to...
Mar 11 2014 // Insurance companies will urge U.S. lawmakers today to stop the Federal Reserve from imposing bank- like capital standards on their industry.A provision of the 2010 Dodd-Frank Act that overhauled U.S. financial regulation...
Jan 13 2014 // American International Group Inc. plans to add 600 advisers and expand their offerings to boost sales as rivals retreat from some retirement products.The insurer will increase the number of career agents at its newly named...
Dec 19 2013 // Former insurance agent Eugene Shy-Ren Hsu, 31, of West Covina, Calif., was arrested by Department of Insurance officers and charged with multiple felony counts.The charges include grand theft, forgery, and identity theft...
Dec 4 2013 // Axa Konzern AG, the German unit of Paris-based Axa SA, plans to increase operating profit this year as it reduces costs and readies a new life insurance product for 2014.“Our cost-reduction program is proceeding...
Nov 14 2013 // Canadian insurance companies including Manulife Financial Corp. and Sun Life Financial Inc. will have three more years to comply with new regulations from the Office of the Superintendent of Financial Institutions.OSFI...
Oct 10 2013 // Zurich has introduced a new Side A D&O policy that addresses the evolving litigation landscape and provides coverage for liability exposures in the global marketplace, including China, Brazil, Mexico, Japan and India....
Oct 7 2013 // Taiwan insurers have the financial capacity to invest at least $10 billion in overseas properties after the island’s government relaxed rules in April on real estate investments abroad, according to an industry...
Sep 19 2013 // Federal regulators may miss important threats to the financial stability of U.S. insurers by focusing on bank risks, MetLife Inc. Chief Financial Officer John Hele said.“Bank rules overlook key insurance...
Sep 19 2013 // Britain’s financial regulator is investigating whether two life insurance companies breached new rules that ban the offering of commissions to financial advisers for selling their products.The Financial Conduct...
Sep 12 2013 // New York State’s financial-services regulator is pressing insurers including American International Group Inc., Lincoln National Corp. and Principal Financial Group Inc. to boost reserves at units in the state, a...
Sep 12 2013 // New York State’s financial-services regulator said rules adopted by state watchdogs for some life insurance contracts failed to boost reserves to adequate levels in the industry.Of sixteen companies that are major...
Aug 26 2013 // People’s Insurance Company (Group) of China Ltd., parent of the nation’s biggest non-life insurer, said profit rose 53 percent in the first half as investment and premiums income expanded.Net income increased...
Aug 26 2013 // ING Groep NV sold its South Korean insurance unit on its second attempt within a year, raising about 1.84 trillion won ($1.7 billion) from MBK Partners Ltd., the Asian buyout firm formed by ex-Carlyle Group executives.MBK...
Aug 5 2013 // The Financial Stability Oversight Council (FSOC) designated AIG as a Systemically Important Financial Institution (SIFI) after determining that “material financial distress at AIG could pose a threat to U.S....
Aug 5 2013 // Aviva PLC is planning to pull out of its Indian insurance joint venture, valued at more than $500 million, as the British insurer retreats from less-profitable markets where it has struggled to grow its business, sources...