All the headlines from our Life Insurance Topic Page, ordered by recency.
Mar 16 2010 // Zurich Financial Services is actively talking with sovereign wealth fund China Investment Corp and major steelmaker Baosteel on fundraising plans for their venture New China Life Insurance, a Zurich Financial executive...
Mar 11 2010 // Fitch Ratings hosted a teleconference today, March 11 on the performance of China’s life and non-life insurance sectors. A replay of the conference is expected to be posted soon on the rating agency’s web site...
Mar 8 2010 // AIG is selling its foreign life insurance unit to MetLife Inc. for about $15.5 billion, its second major asset sale in a week as it raises funds to repay a massive U.S. government bailout.MetLife said Monday that it would...
Mar 5 2010 // A tax question holding up American International Group Inc.’s sale of its foreign life insurance unit to MetLife Inc. is expected to be resolved favorably, clearing the way for a roughly $15 billion deal, sources...
Mar 2 2010 // As American International Group Inc. prepares to shed two big units, it looks set to follow the same path as Citigroup Inc. out from under the U.S. government’s wing.The government is likely to follow an exit...
Feb 26 2010 // To protect policyholders, Golden State Mutual Life Insurance Co. has entered into a letter of intent with IA American Life Insurance Co. to negotiate a reinsurance agreement to transfer all in-force insurance policies of...
Feb 12 2010 // American International Group Inc. turned down JPMorgan’s attempts to get in on the estimated $10 billion Hong Kong IPO of its Asian life insurance unit, sources involved with the deal said on Friday, in a snub partly...
Feb 10 2010 // MetLife Inc. plans to pay American International Group Inc. in stock and cash for American Life Insurance Co. (Alico), as the two sides negotiate what could be a roughly $15 billion deal, a source familiar with the matter...
Jan 20 2010 // MetLife Inc. is in talks to buy AIG’s American Life Insurance Co (Alico) unit in a deal that could be valued between $14 billion and $15 billion, a source familiar with the matter said Tuesday.Nothing has been...
Jan 19 2010 // Swiss Re has concluded an agreement with Berkshire Hathaway Life Insurance Company of Nebraska to cede, a “closed block of yearly renewable term individual life reinsurance business, written prior to 2004.” The...
Jan 19 2010 // U.S. Rep. Earl Pomeroy of North Dakota is not seeking the presidency of a Washington lobbying group for life insurers, a spokeswoman said, although an industry representative called the North Dakota Democrat a...
Jan 11 2010 // New Oreleans-based Pan-American Life Insurance Group announced the launch of its new member company, Pan-American Benefits Solutions Inc.Pan-American Benefits Solutions is a provider of group benefit programs that offer...
Jan 7 2010 // The U.S. Ninth Circuit Court of Appeals has upheld an arbitration award requiring U.S. Life Insurance Co. to pay reinsurance of more than $500 million to Superior National Insurance Companies, workers’ compensation...
Dec 23 2009 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A++’ (Superior) and ICRs of “aaa” of United Services Automobile Association (USAA) of San Antonio, Texas and its property/casualty...
Dec 1 2009 // American International Group, Inc. (AIG) today said that it has closed two previously announced transactions with the Federal Reserve Bank of New York (FRBNY) that have reduced the debt AIG owes the FRBNY by $25 billion in...
Nov 13 2009 // Georgia’s insurance commissioner said American Fidelity Life Insurance has agreed to refund its life insurance policy holders $275 each.Soldiers who purchased policies written from Sept. 1, 2004 to Oct. 2009 are...
Nov 12 2009 // California Insurance Commissioner Steve Poizner today announced that Edwin A. Flores, 33, of Long Beach pled guilty to one count of misdemeanor grand theft and was sentenced Nov. 5 to two years probation, 120 hours of...
Oct 22 2009 // If the stock market and weather are any indication, third-quarter earnings reports from insurers will look a lot better than they did a year ago.The big companies, which began their reporting season today with Travelers...
Oct 16 2009 // California no longer allows an individual to buy a life insurance policy for investors, and anyone who handles the sale of second-hand life insurance policies–so-called life settlements–must be licensed.Senate...
Oct 13 2009 // American International Group is to sell its Taiwan life insurance unit for $2.15 billion, marking the largest disposal since a U.S. government bailout saved the insurer from collapse last year.The sale of Nan Shan Life on...