All the headlines from our Life Insurance Topic Page, ordered by recency.
May 17 2016 // Fairfax Financial Holdings Ltd., the Canadian investment firm led by Prem Watsa, is in advanced talks to buy control of Indonesian financial group PT Paninvest’s non-life insurance unit, people with knowledge of the...
May 4 2016 // Japanese insurers made more than $18 billion worth of acquisitions in the U.S. last year, and their spending spree isn’t over yet, industry dealmakers said on Tuesday.Japan has a number of large, healthy insurers...
Apr 22 2016 // India will get its first life-insurance listing since it opened up to private-sector investors 16 years ago, paving the way for more companies seeking to go public in an industry that’s since grown to more than $50...
Apr 12 2016 // AXA SA, France’s largest insurer, is in talks to sell most of its U.K. life-insurance and wealth-investments units, according to two people with knowledge of the matter. AXA is likely to sell parts of the businesses,...
Mar 8 2016 // The mayor of Flint, Mich., says Union Labor Life Insurance Co. has committed to bring $25 million in low-cost loans to help remove lead pipes and improve water quality.Karen Weaver announced the funding on March 6, saying...
Mar 7 2016 // Pennsylvania Insurance Commissioner Teresa Miller announced that the state’s Insurance Department reclaimed $185,055,050 for insurance consumers in the state during 2015.The commissioner said that throughout 2015,...
Feb 25 2016 // AXA SA, France’s largest insurer, said 2015 profit rose 12 percent, helped by higher life insurance sales in Europe and Asia. The shares rose.Net income climbed to 5.62 billion euros ($6.2 billion) from 5.02 billion...
Feb 24 2016 // Pennsylvania Insurance Commissioner Teresa Miller announced that the state’s Insurance Department reclaimed $185,055,050 for insurance consumers throughout the state during 2015.The commissioner said that throughout...
Feb 24 2016 // Europe’s largest insurer Allianz has put its South Korean life insurance business on the block as part of a global overhaul in a tough low-interest rate environment, sources with direct knowledge of the matter...
Feb 16 2016 // Minnesota Commerce Commissioner Mike Rothman announced that his department has reached settlement agreements with three more life insurance companies that owed money to Minnesotans for unpaid insurance policies, annuity...
Feb 15 2016 // Genworth Financial Inc., the insurer battered by losses on long-term care coverage, has said it could pursue more divestitures to help pay down more than $500 million in debt maturing in 2018 as turmoil in the bond market...
Jan 4 2016 // Some, but not all, experts see an improving U.S. economy in 2016 helping to boost the property/casualty (P/C) insurance sector. Some of these prognosticators are more optimistic than others. But most also anticipate...
Dec 17 2015 // Fitch Ratings has issued reports on both the UK and the French non-life insurance sectors. The UK report indicates that “operating conditions within the UK non-life company market are expected to remain stable in...
Nov 25 2015 // The global economy is expected to strengthen moderately next year, which will support insurance premium growth in most regions, according to Swiss Re’s latest publication titled “Global insurance review 2015...
Nov 25 2015 // A Florida podiatrist accused of killing his estranged wife is using part of her life insurance settlement to pay for his defense.The Tallahassee Democrat reports that 48-year-old Dr. Adam Frasch pleaded not guilty to...
Nov 5 2015 // Assicurazioni Generali SpA, Italy’s biggest insurer, said third-quarter profit fell 18 percent after operating income declined at its life-insurance business.Net income dropped to 420 million euros [$458.6 million]...
Oct 28 2015 // U.S. Senator Elizabeth Warren said 13 major U.S. life insurers had admitted to using incentives such as expensive vacations and gifts, which could encourage agents “to put their own interests ahead of their...
Oct 5 2015 // Market conditions for UK non-life insurers are challenging as pricing remains weak across most business lines amid fierce competition, according to a new A.M. Best special report.Titled “UK Non-Life Earnings Under...
Sep 28 2015 // ACE Ltd. announced that it intends to appoint Juan C. Andrade, as executive VP of the new Chubb Group and President of the International Non-life Insurance division, which encompasses operations with both retail broker and...
Aug 21 2015 // A western New York man accused of killing his fiancee to collect on her life insurance is headed to prison on a fraud conviction.U.S. Attorney William Hochul says it’s believed to be the first time his office has...