N.Y. Lawmakers Adopt Anti-STOLI legislation: New York legislators approved legislation to protect consumers against stranger-originated life insurance transactions.
If Gov. David A. Paterson ...
Date: 11/20/2009 Source: BestWire
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Tokio Marine Forms Its Second India Joint Venture: Tokio Marine Holdings Inc. [50962] has entered into a joint venture with Edelweiss Capital Ltd., an Indian financial services company, to form an insurance ...
Date: 11/20/2009 Source: BestWire
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China Market Premiums Rose 9.1% in October: The China Insurance Regulatory Commission said that for the first 10 months of this year, the domestic insurance sector had cumulative original premium income ...
Date: 11/20/2009 Source: BestWire
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Insurers Pay Claims for Snowstorms in North China's Shanxi Province: The Shanxi bureau of the China Insurance Regulatory Commission said that as of Nov. 16, domestic insurers have filed 14,683 claims related to snowstorms that ...
Date: 11/19/2009 Source: BestWire
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AIG's Nan Shan Sale Held Up as Regulators Seek More Documentation: The sale of American International Group Inc.'s [18540] Taiwanese life insurance unit, Nan Shan Life Insurance Co. Ltd. [86003], has been held up for further ...
Date: 11/19/2009 Source: BestWire
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Former Life Insurance Executive Named President of Japan Post Network: Japan Post Network Co., a subsidiary of Japan Post Holdings Co., has appointed Akira Nagatomi, a former senior management director of Sumitomo Life Insurance ...
Date: 11/19/2009 Source: BestWire
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Aschenbrenner to Retire from Principal Financial: John Aschenbrenner, president of insurance and financial services at Principal Financial Group, is retiring at the end of this year after more than 37 years ...
Date: 11/18/2009 Source: BestWire
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MetLife Teaming With 401(k) Provider Fidelity to Sell Variable Annuities: With variable annuities sales down industrywide, MetLife Inc. and 401(k) plan provider Fidelity Investments are partnering to sell these stock-market linked ...
Date: 11/18/2009 Source: BestWire
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Florida Judge Dismisses Objection to Life Settlement Examination: An administrative law judge dismissed charges that the Florida Office of Insurance Regulation's viatical exam manuals and procedures are tantamount to ...
Date: 11/18/2009 Source: BestWire
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Taiwan's Chinatrust to Acquire 30% Stake in Nan Shan: Chinatrust Financial Holding Co. Ltd. has reached an agreement with China Strategic Holdings Ltd. to acquire a 30% stake at Nan Shan Life Insurance Co. Ltd. ...
Date: 11/18/2009 Source: BestWire
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IndiaFirst Life Insurance Cleared for Operations in India: IndiaFirst Life Insurance Co. Ltd. said it has received approval from the Insurance Regulatory and Development Authority of India to operate in the country ...
Date: 11/18/2009 Source: BestWire
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Allianz Life Recaptures Title as No. 1 Seller of Equity-Indexed Annuities in Third Quarter: Allianz Life Insurance Company of North America has recaptured its position as the No. 1 seller of equity- indexed annuities in the United States in the third ...
Date: 11/17/2009 Source: BestWire
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Phoenix Reinsures Small Life Book With Swiss Re: Phoenix Cos. Inc. said it has reinsured a small block of in-force life insurance to Reassure America Life Insurance Co., a Swiss Re subsidiary.
Terms ...
Date: 11/17/2009 Source: BestWire
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Singapore's Regulator: Asia's Growth Potential Barely Tapped: Rapid economic growth and good long-term fundamentals in Asian markets are fueling reinsurance revenue and positioning the region as a key element in balancing ...
Date: 11/17/2009 Source: BestWire
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Regulator Urges Quick Insurer Response to Snowstorms in Northern China: The China Insurance Regulatory Commission has urged insurers to ramp up claims services in the wake of recent severe snowstorms affecting areas in north and ...
Date: 11/17/2009 Source: BestWire
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China and Taiwan Sign Pact on Financial Cooperation: The regulators of Taiwan and China have signed a financial memorandum of understanding that allows closer cooperation in insurance, banking and securities ...
Date: 11/17/2009 Source: BestWire
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Japan Post's Privatization Setback Raises Competition Concerns: Japan's life insurance sector is closely watching the new government's move to suspend the privatization plan of Japan Post Holdings Co., including financial ...
Date: 11/17/2009 Source: BestWire
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Lincoln National Names Chief Diversity Officer: U.S. life insurer Lincoln National Corp. has named Allison Green as chief diversity officer.
In the new post, Green will oversee the strategic ...
Date: 11/16/2009 Source: BestWire
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Rhode Island Adopts Life Settlements Law: Rhode Island legislators have passed a life settlements law that would allow policyholders to sell their policies after two years.
The legislation, S. ...
Date: 11/16/2009 Source: BestWire
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Woodmen of the World Sues U.S. Bank to Recover Nearly $30 Million in Investment Losses: Woodmen of the World has sued U.S. Bank National Association, seeking to recover nearly $29.7 million in investments it alleges the bank lost by investing in ...
Date: 11/16/2009 Source: BestWire
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