All the headlines from our Life Insurance Topic Page, ordered by recency.
Mar 5 2009 // Testimony by New York Insurance Superintendent Eric Dinallo to the United States Senate Committee on Banking, Housing and Urban Affairs Hearing on “American International Group: Examining What Went Wrong, Government...
Mar 4 2009 // Nebraska’s highest court will determine whether a state insurance guaranty fund must cover nearly $1 million in losses suffered by 26 Nebraskans in a life insurance deal.The Nebraska Supreme Court heard arguments...
Feb 20 2009 // Prudential Financial Inc. is leading the race to buy two Japanese life insurers put on sale by American International Group Inc. in a deal due to close next week, sources familiar with the matter said on Friday.AIG Edison...
Feb 9 2009 // Insurance companies that applied for capital injections from the government’s $700 billion financial bailout fund could get approval as soon as Monday, two sources familiar with the matter said Saturday.Some...
Jan 30 2009 // State insurance regulators voted against a proposal to loosen capital requirements for the battered life insurance industry, shooting down hopes for up to $30 billion in relief.The National Association of Insurance...
Jan 12 2009 // The U.S. Office of Thrift Supervision said on Friday that it approved applications from Hartford Financial Services Group Inc and Lincoln National Corp to become bank holding companies, an important step toward these...
Dec 29 2008 // Japan’s Mitsui Sumitomo Insurance Group Holdings Inc, Aioi Insurance Co and Nissay Dowa General Insurance Co are in talks to merge, a company source said, in a move that would create the country’s largest...
Dec 10 2008 // At their most recent conference in London, Swiss Re’s economists predicted a “severe recession until mid 2009 in industrialized economies, including the United States and Europe.” They also expect that...
Dec 9 2008 // Prudential Financial Inc., Manulife Financial Corp. and three other firms are expected to place competing bids for two Japanese life insurers put up for sale by American International Group Inc, people familiar with the...
Dec 8 2008 // Standard & Poor’s Ratings Services affirmed its ‘A-‘ global financial strength rating and its ‘mxAAA’ national scale rating on Mexico-based Allianz Mexico Compañía de Seguros S.A....
Dec 2 2008 // A.M. best Co. has issued a new study of Asian insurance companies, which concludes that they “are expected to avoid major liquidity problems stemming from the global financial crisis, but investment income will...
Nov 26 2008 // Life insurance companies, nervous over massive investment losses that could ultimately threaten their viability, are hoping they are next in line to get a piece of the U.S. financial bailout.They argue federal funds could...
Nov 24 2008 // China Life Insurance Co, the world’s biggest life insurer by market value, is interested in buying Asian assets of American International Group, a senior China Life manager briefed on the situation said on...
Nov 6 2008 // Two Ferriday, La., area insurance agents recently were arrested and issued cease and desist orders, summary suspensions and fine notices for violating various provisions of Louisiana’s insurance code.The Louisiana...
Oct 30 2008 // Evan Greenberg, Ace Limited’s CEO, chided insurers asking to take part in a plan that could see government take stakes in ailing financial institutions, saying the motivation is not real need but access to...
Oct 28 2008 // Property/casualty insurers Travelers Cos. Inc. and Chubb Corp. said they do not need federal financial assistance and chided other insurers pushing to be included in the $700 billion bailout.“Most companies in the...
Oct 27 2008 // China’s biggest life insurers posted disappointing quarterly results on Monday, hurt mainly by investment income which took a hit from plunging stock markets across the region.China Life Insurance, the...
Oct 24 2008 // British life insurer Prudential is considering bidding for more than just the Asian operations of American International Group , its chief executive told the Financial Times on Friday.Prudential, the UK’s...
Oct 21 2008 // The Bank of Beijing, which is 16 percent owned by the Netherlands ING Groep NV, said on Tuesday it is in talks to buy a 50 percent stake in one of ING’s life insurance ventures in China from the venture’s...
Oct 17 2008 // India’s Tata Sons has been in talks to buy a stake in AIA, a major Asian unit of American International Group, sources close to the matter said.The U.S. insurance giant has been seeking to sell assets after nearly...