Latest Life Insurance Headlines
All the headlines from our Life Insurance Topic Page, ordered by recency.
SPECIAL REUTERS REPORT: Inside AIG’s Tortuous Turnaround
Dec 22 2010 // During a rainstorm in Washington in early 2009, amid the furor over Wall Street’s post-bailout bonuses, an American International Group employee pulled out an umbrella that had the insurer’s name on...
Buy Sell Agreement Basics
Dec 5 2010 // Why Every Business Should Develop a Comprehensive Buy-Sell Agreement It can be anti-intuitive for some people, but when getting into a business, one needs to plan how to get out of the business. There can be many options...
Dutch Insurer Aegon to take $290 Million Charge from U.S. Restructuring
Dec 2 2010 // Dutch insurer Aegon NV will cut up to 500 jobs in the United States and discontinue sales of certain types of life insurance policies, it said on Wednesday, leading to $290 million in restructuring charges and...
Best Affirms Assurant and Subsidiaries Ratings; Outlook Stable
Nov 22 2010 // A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of the property/casualty and life/health insurance subsidiaries of Assurant, Inc. Best also affirmed the ICR of...
New York Court Validates Resale of Life Insurance Policies
Nov 18 2010 // New York’s highest court Wednesday said it was legal for residents of the state to take out life insurance on themselves and immediately sell the policy, a ruling seen as having substantial implications in the...
Nationwide Insurance Reports Net Income of $975M
Nov 16 2010 // Columbus, Ohio-based Nationwide Insurance has reported that consolidated net operating income through September 30 was up 39 percent to $975 million. That is compared to $702 million in the first three quarters of 2009....
3 Ways to Boost P/C Agency Revenues with Life Insurance Sales
Nov 14 2010 // When I was a regional advisor for a multiline insurance company we were always looking for ways to help agents build more profitable agencies. The most successful agents invariably had a system to promote life insurance...
Competition Picks Up in Insurance Market for the Rich
Nov 12 2010 // U.S. insurers are targeting the wealthy as one of the few client groups willing to pay higher rates and buy more policies, and competition to serve those people is increasing. From life insurers to property and casualty...
AIG Reports Big Loss on Charges; Insurance Results Remain Stable
Nov 5 2010 // American International Group, Inc. (AIG) reported a net loss of $2.4 billion for the third quarter of 2010, compared to net income of $455 million in the third quarter last year. The loss was attributable to restructuring...
AIA Shares Surge 17% on Trading Debut in Hong Kong
Oct 29 2010 // AIA Group Ltd surged 17 percent in its Hong Kong debut on Friday as investors, chasing exposure to Asia’s fast-growing life insurance business, piled into the record offering in the world’s hottest IPO...
Sources Report SCOR, RGA in Race to Acquire Aegon’s Transamerica Re
Oct 29 2010 // French reinsurer SCOR Group and Reinsurance Group of America (RGA) are in the race to buy Dutch insurer Aegon NV’s Transamerica Reinsurance unit, sources familiar with the matter said. The auction, which started...
ACE to Acquire New York Life’s Operations in Hong Kong and Korea
Oct 27 2010 // ACE Limited announced that it has signed a definitive agreement to acquire New York Life’s Hong Kong and Korea life insurance operations for approximately $425 million in cash. ACE said the deal would expand its life...
Analysts Watching How Insurers Handle Low Interest Rates, Pricing
Oct 26 2010 // Insurers are under growing pressure from two fronts, each of which promises to be a key focus in earnings reports the next two weeks — depressed interest rates that could dampen investment income in coming years and...
AIG Raises $17.9 Billion; Prices AIA IPO at Top of Range
Oct 22 2010 // AIA, the Asian life insurance arm of AIG, raised $17.9 billion by pricing its Hong Kong IPO at the top of its range, as investors piled into a company with a wide footprint across rapidly growing Asia. The pricing of the...
New Swiss Re sigma Study Examines Impact of Inflation on Insurers
Oct 19 2010 // Swiss Rre has issued a timely new sigma study , “The impact of inflation on insurers,” which examines “recent commodity price spikes and the current easy monetary policy” that have “increased...
AIA Warns Failed Prudential UK Deal Could Impact Business
Oct 5 2010 // AIA Group Ltd, which aims to raise about $15 billion through a Hong Kong listing, flagged a series of business risks including the collapsed bid from Prudential Plc as it launched the share offering on Tuesday. AIA, the...
AIG to Sell Japan Life Units to Prudential (U.S.) for $4.8 Billion
Sep 30 2010 // American International Group said Thursday it will sell its two Japanese life insurance units to Prudential Financial Inc for $4.8 billion, marking another step in its efforts to repay U.S. taxpayers. The sale of AIG Star...
U.S., AIG Exit Plan Faster, Riskier, Perhaps Profitable for Taxpayers
Sep 30 2010 // American International Group Inc. laid out a plan Thursday that sets the insurer on an accelerated path for payback of bailout money, but it also increases the risk for the U.S. government. The plan, which comes a little...
Alabama’s Protective Life Acquires United Investors Life
Sep 14 2010 // Protective Life Corporation, of Birmingham, Ala., today announced that its principal subsidiary, Protective Life Insurance Company, has signed an agreement to acquire United Investors Life Insurance Company from Liberty...
Minnesota’s Allianz Has New VP of Life Insurance Sales
Sep 14 2010 // Allianz Life Insurance Company of North America, Minneapolis has named Jason Wellmann as the new senior vice president of Life Insurance Sales. In this role, Wellmann will be responsible for leading Allianz life insurance...
