Latest Life Insurance Headlines
All the headlines from our Life Insurance Topic Page, ordered by recency.
Carolina Insurance Agent Charged With Forging Life Insurance Policies on 16 People
Jun 7 2024 // North Carolina authorities have charged a Battleboro insurance agent with 74 counts after they said he forged life insurance applications for 16 people. Jonathan Michael Vlasak, 35, a licensed producer qualified to sell...
Fort Myers Life Insurance Broker Charged With Policy Fraud, Misusing ID Info
Jun 4 2024 // Florida financial regulators have charged a Fort Myers insurance broker with taking out a life insurance policy on a person without their knowledge and misusing the person’s identification information. Bryce Corey...
Securing Life Insurance Alternatives for Clients in War Risk Zones
Apr 1 2024 // Warfare has raged on our planet since man first walked upright and disputed territorial boundaries. Those battles have impacted not only the lives of those they came into direct contact with, but also those on the...
Bank of England May Tighten Up Life Insurers’ Use of Offshore Reinsurance
Jan 12 2024 // The Bank of England may tighten supervision of life insurers’ use of the “funded reinsurance” market, typically alternative asset managers who make riskier investments, as corporate pension providers...
Japan Orders 4 Non-Life Insurers to End Anti-Competitive Business Practices
Dec 27 2023 // Japan ordered four major non-life insurance companies to improve business practices in connection with anti-competitive activity that aimed to keep premiums high, Finance Minister Shunichi Suzuki said on Tuesday. The order...
4 Miami Agents Charged With Getting Commissions on False Life Insurance Policies
Oct 24 2023 // Four Miami insurance agents have been charged with submitting false life insurance applications and collecting commissions from John Hancock Life Insurance Co., state officials said Monday. Alexander Faneites, Nicolas...
PE Firm Cinven Eyes Sale of German Life Insurer Viridium: Sources
Oct 3 2023 // Cinven is considering a sale of German life insurer Viridium after another of its insurance investments in Europe, Eurovita, was hit by heavy customer outflows earlier in the year, three people familiar with the matter...
Why Are So Many Life Insurance Producers Seeking Securities Licenses? And what does it mean for the organizations they work with?
Sep 13 2023 // This post is part of a series sponsored by AgentSync. Are two really better than one? Insurance producers seem to think so. There’s a trend forming in the insurance industry of insurance producers acquiring...
Non-Life Insurers’ Profits to See Boost From Higher Rates
Sep 11 2023 // Non-life insurers are set to significantly improve their profitability in the next few years as investment returns from higher rates cushion a hit from a rise in claims, a report by Swiss Re Institute showed on...
How Life Insurance Carriers Can Win at the Long Game of Annuity Broker Recruitment
Sep 6 2023 // This post is part of a series sponsored by AgentSync. Life insurance carriers that don’t prioritize compliance and onboarding for their variable lines brokers will lose traction in the life and annuities market over...
Eliot Partnership expands into Global Life Insurance and Reinsurance markets under Brad Whatley’s Leadership
May 9 2023 // London, England. May 09, 2023. — Eliot Partnership (“Eliot Partnership”), the leading global insurance sector specialist executive search firm, today announced its expansion into the global Life Insurance...
Starr Insurance Cos. Acquires Thai Non-Life Insurer
May 18 2022 // Starr Insurance Cos. announced an agreement with FPG Insurance Holdings Ltd. (HK) and local Thai shareholders to purchase FPG Insurance Public Co. Ltd. (FPG Thailand), a Thai non-life insurance company. Starr’s...
Update: Record $2.7 Billion IPO by India’s Life Insurance Corp. Is Oversubscribed
May 5 2022 // The record $2.7 billion initial public offering (IPO) by India’s Life Insurance Corp. (LIC) was oversubscribed on Thursday, helped by attractive pricing, making way for gains over the listing price later this...
India Halves Fundraising Goal to $3.9B for Life Insurance Corp.’s IPO: Source
Apr 22 2022 // New Delhi is halving its fundraising goal for Life Insurance Corp. of India’s IPO to 300 billion rupees ($3.9 billion), having had to cut its valuation estimates after feedback from investors, a government source...
Thailand Regulator Orders 2 Non-Life Insurers to Stop Accepting New Clients
Mar 17 2022 // Thailand’s insurance regulator ordered Southeast Insurance Pcl and Thai Insurance Pcl to stop taking new clients and sell some assets after their capital fell below the legally required levels. The non-life units of...
India Plans to Launch Life Insurance Corp.’s Delayed IPO in April: Sources
Mar 14 2022 // India aims to launch its $8 billion listing of state-run Life Insurance Corp. (LIC) by mid-April, two government sources said, after delaying what will be the country’s biggest ever IPO from this month due to market...
AIA Group Agrees to Buy Bank of East Asia’s Non-Life Insurance Businesses for $278M
Mar 7 2022 // Bank of East Asia (BEA) said late on Friday it has agreed to sell its non-life insurance and healthcare services businesses to a unit of AIA Group Ltd. for an aggregate HK$2.168 billion ($278 million). BEA agreed to sell...
India’s Life Insurance Corp. Files IPO Papers to Potentially Raise $8 Billion
Feb 14 2022 // State-run Life Insurance Corporation of India (LIC) has filed draft papers with the market regulator to sell 5% of its shares to potentially raise nearly $8 billion, dwarfing the biggest IPO in Asia’s third-largest...
Life Insurance Corp. of India’s Embedded Value Set at More Than $66.8B: Gov’t Official
Feb 3 2022 // NEW DELHI – State-run Life Insurance Corp. of India’s (LIC) embedded value has been finalized at more than 5 trillion rupees ($66.82 billion), a government official who is overseeing what is expected to be the...
Now Safe Drivers Can Get a Break on Life Insurance
Jan 25 2022 // Under a program being offered by Boston-based life insurer John Hancock, safe drivers can earn reward points towards discounts on wellness products and their life insurance premiums. John Hancock Vitality program members...
