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Topics: Life
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A.M. Best Affirms Ratings of Sagicor Financial Corporation and Its Subsidiaries: A.M. Best has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit ratings (ICR) of "a-" of Sagicor Life Inc. and Sagicor Capital Life Insurance Company Limited (both domiciled in St. Michael, ... Source: BestWire News
Date: August 20, 2014

A.M. Best Affirms Ratings of Sagicor Financial Corporation and Its Subsidiaries: A.M. Best has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit ratings (ICR) of "a-" of Sagicor Life Inc. and Sagicor Capital Life Insurance Company Limited (both domiciled in St. Michael, ... Source: Press Releases
Date: August 20, 2014

A.M. Best Affirms Ratings of Royal Bank of Canada Insurance Company Ltd.: A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of "a+" of Royal Bank of Canada Insurance Company Ltd. (RBCICL) (Barbados). The outlook for both ratings is stable. RBCICL is... Source: BestWire News
Date: August 20, 2014

A.M. Best Affirms Ratings of Royal Bank of Canada Insurance Company Ltd.: A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of "a+" of Royal Bank of Canada Insurance Company Ltd. (RBCICL) (Barbados). The outlook for both ratings is stable. RBCICL is... Source: Press Releases
Date: August 20, 2014

Ping An Insurance Group Profit Rises 19.3% for First Half: Ping An Insurance (Group) Company of China Ltd. saw a 19.3% increase in net profit attributable to shareholders of the group to 21.4 billion yuan (US$3.5 billion) in the first half of 2014 ended June 30, according to the comp... Source: BestWire News
Date: August 20, 2014

FWD Life Insurance Alliance Signs Bancassurance Deal With Indonesia's Bank Victoria: Hong Kong-based FWD Group's life insurance alliance in Indonesia, PT Finansial Wiramitra Danadyaksa (FWD Life Indonesia), has entered into a bancassurance partnership agreement with PT Bank Victoria International Tbk, FWD's f... Source: BestWire News
Date: August 20, 2014

Former Zurich CEO Schiro Dies After Cancer Diagnosis: James J. Schiro, former chief executive officer of Switzerland's Zurich Financial Services Group and former lead director of investment banking firm Goldman Sachs, has died following a diagnosis of cancer. He was 68. In ... Source: BestWire News
Date: August 18, 2014

Universal Fidelity Life Announces New President, Moves to Accounting Standard Compliance: Oklahoma City-based Universal Fidelity Life Insurance Co. said on Aug. 18 that Val Rajic was elected president of the company "late last year." Rajic "has implemented several operational enhancements, management tools" and a... Source: BestWire News
Date: August 18, 2014

Reinsurance Group of America Unit to Reinsure $100 Billion of In-Force Term Life Policies of Voya Financial: Two subsidiaries of Voya Financial Inc. --- ReliaStar Life Insurance Co. and Security Life of Denver Insurance Co. --- agreed to transfer via reinsurance an in-force block of about 170,000 level term life insurance policies r... Source: BestWire News
Date: August 15, 2014

Cambodia's Insurance Industry Ready to Take Off With New Regulatory Framework, Industry Watchers Say: Cambodia's insurance sector has not really taken off from its nascent stage with lack of insurance regulatory framework and a low level of insurance awareness often cited as the biggest hurdles. But with the recent passing of... Source: BestWire News
Date: August 15, 2014

A.M. Best Affirms and Withdraws Ratings of Commonwealth Dealers Life Insurance Company: A.M. Best has affirmed the financial strength rating of B+ (Good) and the issuer credit rating of "bbb-" with a stable outlook for Commonwealth Dealers Life Insurance Company (CDLIC) (Richmond, VA). CDLIC ceased writing insu... Source: BestWire News
Date: August 14, 2014

A.M. Best Affirms and Withdraws Ratings of Commonwealth Dealers Life Insurance Company: A.M. Best has affirmed the financial strength rating of B+ (Good) and the issuer credit rating of "bbb-" with a stable outlook for Commonwealth Dealers Life Insurance Company (CDLIC) (Richmond, VA). CDLIC ceased writing insu... Source: Press Releases
Date: August 14, 2014

A.M. Best Places Ratings of Fortegra Financial Corporation and its Subsidiaries Under Review with Negative Implications: A.M. Best has placed under review with negative implications the issuer credit rating (ICR) of "bbb-'' of Fortegra Financial Corporation (Fortegra) (headquartered in Jacksonville, FL) [NYSE: FRF] and the financial strength ra... Source: BestWire News
Date: August 14, 2014

A.M. Best Places Ratings of Fortegra Financial Corporation and its Subsidiaries Under Review with Negative Implications: A.M. Best has placed under review with negative implications the issuer credit rating (ICR) of "bbb-'' of Fortegra Financial Corporation (Fortegra) (headquartered in Jacksonville, FL) [NYSE: FRF] and the financial strength ra... Source: Press Releases
Date: August 14, 2014

Swiss Life Expanding in Asset Management by Acquiring German Real Estate Firm for €210 Million: As Swiss Life Group's net profit for the first half of 2014 rose 3% to 487 million Swiss francs (US$536.5 million), the company said it's expanding in real estate asset management by acquiring a real estate service provider i... Source: BestWire News
Date: August 14, 2014

CNO Financial Names Chief Actuary-Executive Vice President: CNO Financial Group Inc. said it named Chris Nickele chief actuary and executive vice president. Previously, Nickele served as president of the other CNO business segment and executive vice president of product management. ... Source: BestWire News
Date: August 14, 2014

Taiwan's Regulator Takes Over Insolvent Global Life and Singfor Life: Taiwan's Financial Supervisory Commission's Insurance Bureau said it has taken over two insolvent life insurance companies, Global Life Insurance Co. and Singfor Life Insurance Co., which have continued to post negative net w... Source: BestWire News
Date: August 14, 2014

Prudential Financial Inks Longevity Reinsurance Deal With Rothesay Covering $1.7B in Pension Liabilities: The retirement business unit of the U.S.-based Prudential Financial Inc. entered into a longevity reinsurance transaction with Rothesay Life Ltd. under which Prudential will reinsure the longevity risk of Rothesay Assurance L... Source: BestWire News
Date: August 13, 2014

Suncorp's 2014 Earnings Up 49% on Non-Life Business; Life Business Faces Headwinds: Australian insurer Suncorp Group Ltd. reported a 49% jump in group net profit for the year ended June 30, 2014 to A$730 million (US$676 million) from A$491 million on an improved performance of its non-life insurance business... Source: BestWire News
Date: August 13, 2014

Etiqa Enters Singapore's Life Insurance Market: Malaysia's leading banking group, Maybank Group, said its insurance unit Etiqa Insurance Pte. Ltd., has commenced life insurance business in Singapore, aiming to become a top-10 life insurer there within the next five years. ... Source: BestWire News
Date: August 13, 2014

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