All the headlines from our Life Insurance Topic Page, ordered by recency.
Feb 5 2021 // Fourth quarter profit at The Hartford dipped slightly due in part to COVID-related group life insurance claims.Fourth quarter 2020 net income came in at $532 million, down 2% from fourth quarter 2019. Fourth quarter...
Jan 27 2021 // The Allstate Corp. is selling Allstate Life Insurance Co. to entities managed by investment firm Blackstone for $2.8 billion.Explaining the move from Allstate’s perspective, Allstate CEO Tom Wilson referred to a...
Nov 17 2020 // U.S. life insurers face questions about their ability to cover a sudden rush of claims after the Federal Reserve highlighted liquidity and leverage risks in a report this week.Issues the Fed focused on are not new: Life...
Nov 13 2020 // Lemonade plans to start selling term life insurance in the next 90 days, adding to its current rental, homeowners and pet insurance offerings, the company said in an earnings report this week.During an investor conference...
Nov 5 2020 // Insurers appear to have dodged a revival of strict regulations and policy upheavals after an anticipated Democratic “Blue Wave,” which would have allowed progressives to push for broad reforms, failed to...
Oct 26 2020 // American International Group has disclosed significant leadership changes as well as plans to separate its Life & Retirement business into an independent company.Peter Zaffino, currently AIG’s president and chief...
Oct 22 2020 // The Talanx Group, the Hanover, Germany-based insurance group, announced it is expanding its business in Italy by making a bolt-on acquisition, via its Italian subsidiary.HDI Assicurazioni, a subsidiary of HDI International...
Oct 7 2020 // Progressive Corp. could soon expand its horizons into life insurance.“We actually are considering that,” Chief Executive Officer Tricia Griffith said when asked about a possible move. “We have a...
Sep 30 2020 // India is planning to seek cabinet’s approval to sell 25% stake in the nation’s largest life insurer, people with knowledge of the matter said, as Prime Minister Narendra Modi seeks resources to plug a widening...
Sep 10 2020 // Canada’s property/casualty insurance industry thus far has fared better than its life counterpart amid the economic and market dynamics created by the COVID-19 pandemic, according to an AM Best report.In its...
Aug 28 2020 // The North Carolina Department of Insurance has entered into a voluntary settlement agreement with Gerber Life Insurance Company that includes a $1.1 million penalty for numerous violations related to its claims practices...
Aug 18 2020 // Allianz Benelux in Belgium reported it will transfer a closed book of life retail insurance business together with 4.500 mortgage loans to Monument Assurance Belgium (MAB) within 18 months after regulatory approvals.The...
Jul 31 2020 // Canadian life insurers are set to see double-digit earnings decreases in the second quarter as the pandemic-induced economic slowdown has ushered in decade-low interest rates and weighed on sales.Analysts predict declines...
Jul 27 2020 // Insurer groups are taking issue with push by Washington Insurance Commissioner Mike Kreidler to prohibit insurers from including information from consumer credit histories in the insurance scores used to calculate premiums...
Jun 30 2020 // A New York state insurance broker has been arrested and charged with wire fraud, attempted wire fraud and aggravated identity theft and is facing a maximum penalty of 20 years in prison.U.S. Attorney James P. Kennedy Jr....
Jun 30 2020 // BB&T Insurance Holdings, Inc., a subsidiary of Truist Bank, is officially now doing business as Truist Insurance Holdings, Inc.With $30 billion in premium in 2019, Truist Insurance Holdings is the fifth-largest...
Jun 16 2020 // Nigeria’s biggest insurer is seeing more demand from the government and employers of health workers for life cover as the coronavirus pandemic starts taking hold in Africa’s most populous country.“Health...
Jun 3 2020 // Global investment firm The Carlyle Group and T&D Holdings announced have completed their acquisition of a 76.6% interest in Fortitude Group Holdings, whose group companies include Fortitude Re, from insurer American...
May 28 2020 // Two of Europe’s largest insurers are gearing up to sell billions of euros in life assets — a niche corner of dealmaking keeping bankers busy amid the coronavirus pandemic.Allianz SE is planning to divest as...
May 4 2020 // HSBC Holdings PLC said on Monday its insurance unit had agreed to acquire its China life insurance venture partner’s 50% stake to own fully the company under the new rules on foreign ownership that came into effect...