Latest Life Insurance Headlines
All the headlines from our Life Insurance Topic Page, ordered by recency.
Starr Indemnity Receives Foreign, Non-Life Insurance License in Japan
Apr 3 2012 // Starr Indemnity & Liability Company announced that the Japanese Financial Services Agency (FSA) has granted it a foreign, non-life insurance business license in Japan. The license allows Starr to offer approved...
PwC, CBI Survey Finds, Growth ‘Modest Optimism’ in UK Financial Services
Apr 2 2012 // A new survey, released by PricewaterhouseCoopers LLP (PwC) and the Confederation of British Industry (CBI) highlights an “unexpected rise in employment,” as well as growth and “modest optimism” in...
The Hartford Selling Life Insurance Units
Apr 2 2012 // The Hartford Financial Services Group yielded to demands from its biggest shareholder, famed hedge fund manager John Paulson, and said on March 21 that it will get rid of most of its life insurance-related operations. The...
Hartford Moving Closer to Its P/C Roots But Not Severing All Life Ties
Mar 21 2012 // The Hartford Financial Services Group Inc., under pressure to boost its stock price from hedge fund manager John Paulson, said it would get rid of most of its life insurance-related operations and focus on being a property...
Ratings Agencies Respond to The Hartford’s Plan to Exit Life Insurance
Mar 21 2012 // In response to Hartford Financial Services Group Inc.’s planned exit from some of its life insurance business, Standard & Poor’s Rating Services said it is downgrading the subsidiaries previously aggregated...
Hartford Bows to Shareholder Paulson, Sells Most Life Insurance Units
Mar 21 2012 // The Hartford Financial Services Group yielded to demands from its biggest shareholder, famed hedge fund manager John Paulson, and said on Wednesday that it would get rid of most of its life insurance-related...
Breathing Life into a P/C Agency
Mar 19 2012 // If someone were to hand you a blank check to enhance your bottom line, would you let it sit on your desk and collect dust? Or, would you fill in a number ending with a few zeroes and take some extra cash for doing no extra...
Breathing Life into a P/C Agency
Mar 19 2012 // If someone were to hand you a blank check to enhance your bottom line, would you let it sit on your desk and collect dust? Or, would you fill in a number ending with a few zeroes and take some extra cash for doing no extra...
How to Breathe Life into a P/C Agency
Mar 19 2012 // If someone were to hand you a blank check to enhance your bottom line, would you let it sit on your desk and collect dust? Or would you fill in a number ending with a few zeroes and take some extra cash for doing no extra...
Thailand’s Thanachart Bank Ready to Sell Insurance Ops Say Souces
Mar 16 2012 // Thailand’s Thanachart Bank Pcl, backed by Canada’s Bank of Nova Scotia, is preparing to sell its insurance operations in a deal could fetch about $500 million, sources familiar with the matter said on...
South Korea’s KB Financial Eyes ING Insurance
Feb 22 2012 // South Korea’s KB Financial Group is interested in buying ING Groep NV’s South Korean insurance operations, chairman Euh Yoon-dae said. The parent of the country’s top mortgage lender which has an existing...
Report: New Orleans Wasted Money on Life Benefits for Years
Feb 9 2012 // The city misspent around $500,000 on employee benefits during a span of eight years, according to a report released by the New Orleans Inspector General. The inspector general’s office evaluated the city’s...
BB&T to Acquire P/C, Life Insurance Units of Wholesaler Crump Group
Feb 3 2012 // North Carolina-based BB&T Corp. is buying the property/casualty and life insurance units of Roseland, N.J.- based insurance wholesaler Crump Group. Under the terms of the agreement, BB&T said it will pay $570...
French P/C Insurers’ Outlook Now Stable: Moody’s
Jan 31 2012 // In a new industry outlook published today, Moody’s Investors Service says that it has changed the outlook for the French property and casualty (P/C) sector to stable from negative, reflecting insurers’ smooth...
AIG Thinking about Buying Back More of AIA
Jan 26 2012 // American International Group Chairman Steve Miller said on Thursday the bailed-out insurance company may eventually want to buy a life insurer outside the United States, including possibly a larger stake in the spun-off...
AXA, Japan Post Top Best’s List of World’s Largest Insurers
Jan 4 2012 // France’s AXA S.A. has again topped the list of the world’s 25 largest insurance companies, based on premiums written, compiled by A.M. Best. The lists, which were compiled both on asset value and on net...
General Re Reported Interested in So. Korea’s Tong Yang Life
Dec 28 2011 // General Re, a unit of Warren Buffett’s Berkshire Hathaway Inc, is interested in buying South Korea’s Tong Yang Life Insurance to tap into the promising market, South Korean media reported on Wednesday. Tong...
Swiss Re Sees Continued Emerging Market Growth; Profitability Squeeze
Dec 20 2011 // Insurance in emerging markets has “experienced strong growth over the past decade and the outlook for the next decade remains promising,” a Swiss Re sigma study concludes. However, it also notes that...
The Costs of the Financial Crisis for Policyholders
Dec 16 2011 // When examining the consequences of the financial crisis on the insurance industry it is important to differentiate between direct and indirect effects on one hand, and short- and medium-term ramifications on the...
Foreign Insurers Losing Out in China
Dec 16 2011 // Ten years ago, foreign insurers were lining up to celebrate China’s entry into the World Trade Organization, eager to tap what was certain to become the world’s next big insurance frontier. A decade on, it is...
