All the headlines from our Life Insurance Topic Page, ordered by recency.
Apr 24 2017 // Aviva plc has acquired VietinBank’s entire 50 percent shareholding in its life insurance joint venture VietinBank Aviva Life Insurance Ltd.Aviva also has signed a new distribution agreement with VietinBank to sell...
Apr 21 2017 // The global insurance industry is set to grow more strongly at 4.5 percent per annum on average (3.0 percent in real terms, or adjusted for inflation) during 2017 and 2018, according to Munich Re.While premium income is...
Apr 11 2017 // Xiang Junbo, the man on whose watch China’s insurance industry flourished, is now himself under investigation. As Bloomberg News reported over the weekend, China’s anti-graft agency is probing the...
Apr 10 2017 // Joaquin Rams is either a father unjustly accused in the tragic, unexplained death of his 1-year-old son, or he is the most cold-blooded of murderers who snuffed the life from his boy to collect half a million dollars in...
Mar 28 2017 // Citigroup Inc. will seek bids from global insurers keen to sell general insurance products across the U.S. bank’s Asia-Pacific markets, in a deal that could be worth at least $500 million, a source with knowledge of...
Mar 21 2017 // Allianz Research projections show that total global premium income rose to a new record high of 3,650 billion euros ($3.9224 billion U.S. dollars) last year (excluding health insurance).In a year-on-year comparison, the...
Mar 6 2017 // China’s insurance regulator is considering an industry shake-up that could see the biggest and most solvent firms resuming an overseas expansion, while smaller, riskier insurers would come under tighter scrutiny.The...
Mar 1 2017 // State Farm joined the ranks of property/casualty insurers reporting challenges in their auto insurance line of business. State Farm said it lost $7 billion on its auto insurance underwriting in 2016.The State Farm...
Feb 10 2017 // The Michigan Department of Insurance and Financial Services (DIFS) announced a new online tool to assist Michigan consumers with the filing of electronic complaints.The Office of Consumer Services (OCS) at DIFS will use...
Jan 25 2017 // Portland, OR, January 23, 2017 – Consistently top-rated in Amazon reviews and recently featured in leading industry publications including LifeHealthPro and Insurance Forums, the insurance sales training book, “How...
Jan 25 2017 // A measure backed by Illinois’ treasurer could help ensure that insurance companies have paid out money properly to beneficiaries of life insurance policies.The proposed legislation would require companies to examine...
Jan 20 2017 // The cost implications of the loss of passporting rights after the UK exits the European Union will weigh on re/insurers, as will any resultant economic downturn. However, A.M. Best does not anticipate taking any rating...
Dec 22 2016 // China’s insurance regulator is making it much tougher for insurers to get new licenses as it seeks to reduce risks resulting from the aggressive business and investment practices of some players, said three people...
Nov 18 2016 // Australia and New Zealand Banking Group’s sale of its life insurance and wealth business, which has been valued at $3.33 billion by the bank, is attracting interest from Japan’s Meiji Yasuda and Hong Kong-based...
Oct 24 2016 // China Oceanwide Holdings Group Co. has agreed to purchase Genworth Financial Inc. in a $2.7 billion cash deal, joining a record buying spree by Chinese companies as they seek to boost growth overseas.Monday’s deal by...
Sep 1 2016 // Swiss Re Corporate Solutions announced that its wholly owned Luxembourg subsidiary, Swiss Re International SE, has obtained formal authorization from the Office of the Commissioner of Insurance Hong Kong to carry on...
Aug 31 2016 // For cash-strapped life insurance companies, the deal sounds almost too good to be true: A state law allows them to create complex financial instruments to transfer liabilities to new subsidiaries, instantly wiping huge...
Aug 30 2016 // Tokio Marine Holdings Inc, is in exclusive talks to buy RHB Bank’s general insurance unit in a deal that also includes an agreement to distribute the Japanese insurer’s products through the Malaysian lender,...
Aug 17 2016 // Illinois Treasurer Michael Frerichs is launching a series of public hearings to explore how life insurance companies avoid paying death benefits.The first hearing is set for this morning in the city council chambers in...
Aug 5 2016 // North Dakota Insurance Commissioner Adam Hamm announced settlement agreements with four life insurance companies related to their use of the Social Security Administration’s Death Master File (DMF).As part of the...