Latest Life Insurance Headlines
All the headlines from our Life Insurance Topic Page, ordered by recency.
Global Life Insurers Adapt Pandemic Risk Models After Unexpected Jump in Claims
Jan 13 2022 // A coronavirus pandemic which lasts five years, another pandemic in a decade, and ever more transmissible variants are among the scenarios life insurers are predicting after COVID-19 claims jumped more than expected in...
Life Insurance Corp. of India’s IPO Prospectus Could Be Filed in Final Week of January
Jan 11 2022 // Life Insurance Corporation of India could file a prospectus in the final week of January for what would be the nation’s biggest initial public offering, according to people with knowledge of the matter. The state-run...
China’s Anti-Graft Watchdog Probes Chairman of China Life Insurance
Jan 10 2022 // SHANGHAI – China’s Central Commission for Discipline Inspection (CCDI) has placed Wang Bin, the chairman of China Life Insurance Co. Ltd., under investigation, the bureau said on Saturday. Wang is “suspected...
Fortitude Re Forms Bermuda Multi-Line Reinsurer, Buys U.S. Life Insurer
Jan 7 2022 // Fortitude Re announced the formation of a Bermuda multi-line reinsurer and the acquisition of a U.S. life insurer. In addition, Fortitude Re’s subsidiary, Fortitude Reinsurance Co. Ltd. (FRL), Bermuda’s largest...
SiriusPoint Invests in Canadian Digital Life Insurer PolicyMe
Dec 29 2021 // SiriusPoint Ltd., the Bermuda-based global specialty insurer and reinsurer, has announced a strategic investment in PolicyMe Corp., a digital life insurance provider specializing in Canadian individual term life...
Goosehead Insurance to Enter Life Insurance Market with Ethos
Dec 8 2021 // Independent personal lines insurance agency, Goosehead Insurance Inc., has enter into the life insurance space through an alliance with insurtech Ethos Life (Ethos). The company announced today that through...
Allianz Becomes First Wholly Foreign-Owned Life Insurer in China
Nov 17 2021 // Allianz said on Wednesday that its Chinese life insurance business had received regulatory approval that will allow it to become the first wholly foreign-owned life insurer in China created from a joint venture. Many...
Murdaugh Charged With Taking Dead Housekeeper’s Life Insurance Settlement
Oct 15 2021 // Prominent South Carolina lawyer Alex Murdaugh, already accused of swindling money from his law firm and for faking his own murder, has now been charged with stealing insurance settlements meant for the sons of his late...
Life Insurance Sector at Risk if Bond Yields Rise Sharply: IMF
Oct 14 2021 // The life insurance industry is at risk if there is a sharp rise in bond yields, with an extreme situation potentially causing insurers to liquidate investments reaching $1 trillion in the United States and Europe, the...
India Plans to Let Foreign Investors Hold 20% Stake in Life Insurance Corp.’s IPO
Oct 8 2021 // India is considering a proposal for foreign investors to own as much as 20% in Life Insurance Corp., according to a person with knowledge of the matter, which would enable them to participate in the nation’s biggest...
Allstate Completes Sale of Life Insurance Company of New York
Oct 4 2021 // The Allstate Corp. moved closer to its complete exit from the life insurance and annuity business with the closing of the sale of its Allstate Life Insurance Company of New York to Wilton Re for approximately $400...
Debt-Laden China Evergrande Could Raise $600M by Selling Life Insurance Stake
Sep 27 2021 // Debt-laden China Evergrande Group may have another asset to sell in its scramble to raise cash: its fast-growing life insurance business. That’s according to Bloomberg Intelligence analyst Steven Lam, who says the...
Generali Agrees to Buy AXA’s Malaysian P/C and Life Insurance Units
Jun 22 2021 // MILAN/PARIS/KUALA LUMPUR – Italy’s top insurer Generali has agreed to buy AXA’s insurance assets in Malaysia and take full ownership of a joint-venture it runs in the country to strengthen its local...
Appalachian Underwriters Expands into Life Insurance Market with Fintech Ethos
Apr 21 2021 // Appalachian Underwriters, Inc. (AUI) has partnered with life insurance provider Ethos to offer the coverage via the fintech’s online platform. Agents can now quote customers’ life insurance without medical...
AM Best Maintains Negative Outlook on UK Non-Life Insurance Market
Apr 9 2021 // AM Best is maintaining a negative market segment outlook on the United Kingdom non-life insurance segment, citing economic uncertainty as a key headwind for UK non-life insurers. In addition, COVID-19-related lockdown...
Australia’s Regulator Weighs Limits on Life Insurers’ Exposure to Offshore Reinsurance
Apr 8 2021 // Australia’s insurance regulator on Thursday proposed to limit the exposure of life insurers to offshore reinsurers, given its lack of oversight of foreign players. The Australian Prudential Regulation Authority...
AIA Group to Buy Life Insurance Business of Bank of East Asia
Mar 24 2021 // Hong Kong-based insurer AIA Group has entered into an agreement to buy the wholly-owned life insurance unit of Bank of East Asia (BEA) and has signed a 15-year distribution partnership with the lender for a total of about...
The Hartford Q4 Profit Dips Slightly on COVID Life Insurance Claims
Feb 5 2021 // Fourth quarter profit at The Hartford dipped slightly due in part to COVID-related group life insurance claims. Fourth quarter 2020 net income came in at $532 million, down 2% from fourth quarter 2019. Fourth quarter...
Allstate to Sell Life Insurance Company to Blackstone for $2.8B to Grow in P/C
Jan 27 2021 // The Allstate Corp. is selling Allstate Life Insurance Co. to entities managed by investment firm Blackstone for $2.8 billion. Explaining the move from Allstate’s perspective, Allstate CEO Tom Wilson referred to a...
Federal Reserve Raises Questions Over Life Insurers’ Risk of Coronavirus Claims
Nov 17 2020 // U.S. life insurers face questions about their ability to cover a sudden rush of claims after the Federal Reserve highlighted liquidity and leverage risks in a report this week. Issues the Fed focused on are not new: Life...
