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A.M. Best Affirms Ratings of Guardian Life of the Caribbean Limited and Guardian General Insurance Limited: A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit ratings (ICR) of "a-" of Guardian Life of the Caribbean Limited (GLOC) and Guardian General Insurance Limited (GGIL). Concurrently, ... Source: BestWire News
Date: July 30, 2014

A.M. Best Affirms Ratings of Guardian Life of the Caribbean Limited and Guardian General Insurance Limited: A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit ratings (ICR) of "a-" of Guardian Life of the Caribbean Limited (GLOC) and Guardian General Insurance Limited (GGIL). Concurrently, ... Source: Press Releases
Date: July 30, 2014

China Starts Second-Generation Solvency Reform With Stress Tests: The China Insurance Regulatory Commission has started the second round of stress tests for the quantitative requirements of the second-generation solvency reform of nonlife insurers, as well as the first round of the tests fo... Source: BestWire News
Date: July 29, 2014

MetLife and Norges Bank Buy 34-Story Office Tower in Boston for $561 Million: MetLife Inc. said it has bought a second property investment in Boston as part of its joint venture with Norges Bank Investment Management, bringing its real estate portfolio to a gross value of about $2.4 billion. MetLife a... Source: BestWire News
Date: July 28, 2014

Temasek Selling Entire Stake in New China Life: Singapore's state-owned investment company Temasek Holdings has sold its shares in Beijing-based life insurer, New China Life Insurance Co. Ltd. Temasek has confirmed the divestment on New China Life, the company told Best's... Source: BestWire News
Date: July 28, 2014

Symetra Financial's Second-Quarter Profit Up 59% on Lower Claims in Medical Stop-Loss: Symetra Financial Corp.'s second-quarter 2014 net income increased nearly 59% as the company saw lower claims frequency in its medical stop-loss insurance business. The company reported "another solid quarter of earnings and... Source: BestWire News
Date: July 25, 2014

Update: Principal CEO: International Assets Under Management Highlights Strategy in Latin America: (Clarifies headline on graphic.) As Principal Financial Group Inc.'s second-quarter 2014 profit increased 38%, its chief executive officer said assets under management at the company's international business represent "a test... Source: BestWire News
Date: July 25, 2014

A.M. BestTV: Insurance Legislation Picks Up; Business Travel Concerns: In this episode of A.M.BestTV, Kathy Donovan, senior compliance counsel of Wolters Kluwer Financial Services reports that the pace of U.S. state insurance-related legislation is running ahead of 2013. In addition, James Scott... Source: Press Releases
Date: July 25, 2014

Strong Economic Fundamentals in Asia Drive AIA's 23% New Business Growth in First Half: AIA Group Ltd. posted a 23% growth in value of new business to US$792 million for the six months ended May 31, according to the Hong Kong-listed life insurance group's financial statement. China and Hong Kong saw the hig... Source: BestWire News
Date: July 25, 2014

A.M. Best Affirms Ratings of TOWER Limited and Its Subsidiaries: A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit ratings (ICR) of "a-" of TOWER Insurance Limited (TIL) and TOWER Life (N.Z.) Limited (TLNZ). A.M. Best also has affirmed the ICR of ... Source: BestWire News
Date: July 25, 2014

A.M. Best Affirms Ratings of TOWER Limited and Its Subsidiaries: A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit ratings (ICR) of "a-" of TOWER Insurance Limited (TIL) and TOWER Life (N.Z.) Limited (TLNZ). A.M. Best also has affirmed the ICR of ... Source: Press Releases
Date: July 25, 2014

MassMutual to Launch $100 Million Venture Capital Firm: Massachusetts Mutual Life Insurance Co. is set to launch a $100 million corporate venture capital firm, the company said. The new firm, MassMutual Ventures L.L.C., will be designed to "back startups and entrepreneurial busin... Source: BestWire News
Date: July 24, 2014

Horace Mann Educators' Second-Quarter Net Drops 21.5% on Catastrophe Losses: Horace Mann Educators Corp.'s second-quarter profit declined 21.5%, in part, by catastrophe losses. Net income dropped to $20.4 million. The combined ratio for property/casualty of 102.7 "reflected the impact of 16.3 points ... Source: BestWire News
Date: July 24, 2014

Ohio Bureau of Workers' Compensation, Employers Reach $420 Million Settlement of Overcharges Lawsuit: The Ohio Bureau of Workers' Compensation is seeking court approval of a settlement that would have the agency pay $420 million to cover claims of employers involved in a class-action lawsuit involving workers' compensation in... Source: BestWire News
Date: July 24, 2014

UK Government Marshals Support for Bill to Revamp Commercial Insurance Sector: The U.K. government is marshaling support for legislation that promises to bring the biggest change to the country's commercial insurance market for more than a century, industry watchers said. The Insurance Bill, which is i... Source: BestWire News
Date: July 24, 2014

A.M. Best Affirms Ratings of Medco Containment Company and Medco Containment Insurance Company of New York: A.M. Best has affirmed the financial strength rating of A- (Excellent) and issuer credit ratings of "a-" of Medco Containment Life Insurance Company (MCLIC) (Mechanicsburg, PA) and Medco Containment Insurance Company of New Y... Source: BestWire News
Date: July 23, 2014

A.M. Best Affirms Ratings of Medco Containment Company and Medco Containment Insurance Company of New York: A.M. Best has affirmed the financial strength rating of A- (Excellent) and issuer credit ratings of "a-" of Medco Containment Life Insurance Company (MCLIC) (Mechanicsburg, PA) and Medco Containment Insurance Company of New Y... Source: Press Releases
Date: July 23, 2014

Equity Analyst: Kansas City Life's Transfer of Broker-Dealer Subsidiary Part of Continuing Trend in Industry: Kansas City Life Insurance Co.'s subsidiary, Sunset Financial Services, will stop retail operations and transfer its broker-dealer and registered investment advisory accounts to Securities America. Kris Bradley, a spokeswoma... Source: BestWire News
Date: July 23, 2014

Japan Post Insurance Starts Distribution of Aflac's Cancer Products: Japan Post Insurance Co. Ltd. has begun distribution of cancer insurance products for Aflac through its 79 directly managed outlets, said Japan Post Insurance, an insurance unit of state-owned Japan Post Holdings. Japan ... Source: BestWire News
Date: July 23, 2014

NAIC Panel Looking at Enhanced Groupwide Reporting Options: A National Association of Insurance Commissioners panel has temporarily tabled one of three options that could determine what information insurance groups might file as part of enhanced group-wide supervision, but may ultimat... Source: BestWire News
Date: July 23, 2014

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