All the headlines from our Life Insurance Topic Page, ordered by recency.
Jun 12 2013 // New York State’s financial regulators issued a report today that found a widespread use of captive, reinsurance entities by New York-based life insurance companies.Calling these arrangements “shadow...
May 31 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of State Farm Mutual Automobile Insurance Company (SFMAIC) and its...
May 29 2013 // American International Group Inc. reached a deal with People’s Insurance Company Group of China Ltd. for a joint venture to sell life insurance in China.AIG will contribute 24.9 million yuan ($4.1 million) and...
May 17 2013 // Emerging markets will see the highest growth in premiums for insurance companies this year and next, while Europe lags, according to the world’s biggest reinsurer, Munich Re.In a study published on Thursday, Munich...
Apr 11 2013 // Protective Life Corp said it will buy Mony Life Insurance Company from parent AXA SA for $1.06 billion to access its portfolio of life insurance policies.Protective Life sees the deal adding between $0.10 and $0.15 to its...
Apr 10 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the U.S. life/health subsidiaries of the Netherlands Aegon N.V....
Mar 28 2013 // Germany’s Allianz announced that it has reached an agreement with Turkey’s Yapı Kredi for a 15-year exclusive distribution agreement and for Allianz to acquire Yapı Kredi Sigorta, the property and casualty...
Mar 27 2013 // U.S. insurer Protective Life Insurance is the leading candidate to buy some of AXA SA’s U.S. life insurance assets in a deal that could be valued at around $1 billion, according to two people familiar with the...
Mar 14 2013 // A new report from UK based market research, publishing and consulting firm Finaccord notes that “emerging markets in the Asia-Pacific region and Latin America offer the most growth potential for bancassurers but the...
Mar 12 2013 // Carlyle Group LP and KKR & Co. LP are among the bidders to have made first round offers to buy a minority stake in Thai Life Insurance Co. Ltd., in a deal said to be worth about $500 million, according to people close...
Mar 5 2013 // A woman has filed a lawsuit against a northern Idaho Costco contending that the company should pay out the life insurance policy of her brother, a former Costco employee who died two years after being fired.The Idaho...
Feb 25 2013 // California Insurance Commissioner Dave Jones in mid-February singled out eight insurers licensed to do business in the state that continue to have investments tied to Iran’s energy, military and nuclear...
Feb 22 2013 // Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor announced the department’s top fraud and enforcement cases for 2012.During the calendar year, the department processed 7,274 allegations of...
Feb 20 2013 // Fitch Ratings said it does not expect insured losses from the recent flooding in Jakarta, Indonesia in January to trigger widespread solvency problems or excessive financial strain on the balance sheet of non-life insurers...
Feb 13 2013 // California Insurance Commissioner Dave Jones on Wednesday singled out eight insurers licensed to do business in the state that continue to have investments tied to Iran’s energy, military and nuclear sectors.During a...
Dec 13 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa” of United Services Automobile Association (USAA) and its property/casualty...
Dec 11 2012 // Swiss Re’s latest study, “Global re/insurance review 2012 and outlook 2013/14” provides a somewhat optimistic forecast of the future state of the global economy and the insurance markets.Swiss Re said:...
Nov 28 2012 // Taiwan’s government will pay Transglobe Life Insurance T$88.4 billion ($3 billion) to take over ailing rival Kuo Hua Life after Transglobe beat out other competitors in the biggest taxpayer-funded bailout ever by the...
Nov 5 2012 // Clients value advisors who look out for their interests. They especially appreciate it when their representative is proactive in helping keep their financial house sound. One area that is often neglected is life insurance....
Oct 22 2012 // AIG Insurance Co. will pay an estimated $25 to $30 million owed to California beneficiaries of life insurance policies, and an $11 million settlement payment.California Controller John Chiang began auditing AIG’s...