Manulife Seeks Dual-Track Growth in Vietnam's Urban and Rural Areas: Both urban and rural areas of Vietnam offer growth prospects, as the country's insurance sector enters its second decade of development, according to Manulife ...
Date: 2/9/2010 Source: BestWire
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China Cinda Asset Management Pursues Concurrent-Business Insurance Agency License: Beijing-based China Cinda Asset Management Corp. won approval to apply for a concurrent-business insurance agency license, said the China Insurance Regulatory ...
Date: 2/9/2010 Source: BestWire
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Update: Generali, Qatar Islamic Bank and Beema to Establish Takaful Joint Venture: (Clarifies that the operating base of Beema Co. Ltd. is Doha, Qatar.)
Italian insurance group Assicurazioni Generali S.p.A. [85071] said it is ...
Date: 2/9/2010 Source: BestWire
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ACLI: Ban Life Settlement Securities to Prevent STOLI Abuse: The life insurance industry has come out strongly against securitizing life settlements, with a newly expressed policy from the American Council of Life ...
Date: 2/8/2010 Source: BestWire
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A.M. Best Special Report: Life Insurers Take Stock and Lay Groundwork for Recovery: The life insurance industry so far has survived the financial crisis—bruised certainly—but generally healthier than its financial services peers. The ...
Date: 2/8/2010 Source: BestWire
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Hartford Benefits Sales Rep Puts 'Survivor' Skills Back in Action: In 2005, Tom Westman endured rigorous physical challenges and mentally taxing tribal councils to become the last man standing on "Survivor: Palau." Now the ...
Date: 2/8/2010 Source: BestWire
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Nationwide to Pay $2.1 Million to Settle Annuity Suitability Concerns: Two Nationwide insurance affiliates agreed to pay $2.1 million in penalties to five states and refund customers an undisclosed amount to settle allegations ...
Date: 2/5/2010 Source: BestWire
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Pickens, OSU's Athletics Fund-Raising Arm, Sue Lincoln National Over Insurance Program: Cowboy Athletics, the fund-raising foundation of Oklahoma State University's athletics department, and billionaire financier T. Boone Pickens have sued Lincoln ...
Date: 2/5/2010 Source: BestWire
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AIG Star Teams Up With Orix for Annuity Business in Japan: AIG Star Life Insurance Co. Ltd. [85459], a life insurance subsidiary of American International Group Inc., formed a business alliance with Orix Corp. to sell ...
Date: 2/5/2010 Source: BestWire
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China's Regulator Approves Launch of Anbang Life: The China Insurance Regulatory Commission approved the establishment of Anbang Life Insurance Co. Ltd. in Beijing, with registered capital of 500 million yuan ...
Date: 2/4/2010 Source: BestWire
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Labor, Treasury Departments Study Benefit of Annuities for Retirement Security: The U.S. departments of Labor and the Treasury are seeking public comments on the possibility of enhancing retirement security through use of annuities -- an ...
Date: 2/3/2010 Source: BestWire
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MetLife Posts 70% Drop in 4Q Profit, Confirms Discussions to Buy AIG's ALICO Unit: As MetLife Inc. swung to a fourth-quarter profit after three consecutive quarterly net losses, it confirmed it's in discussions to possibly acquire an ...
Date: 2/3/2010 Source: BestWire
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South Korea's Kumho Life and Two Executives Sanctioned for Risky Investment Losses: Kumho Life Insurance Co. Ltd. [78494] and its two top executives have been penalized by South Korea's financial regulator for incurring 280 billion won ...
Date: 2/3/2010 Source: BestWire
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Standard Life's 2009 Sales Beat Market Expectations: Standard Life plc said its life insurance and pensions inflows for 2009 rose 57% as a strong performance in the U.K. market offset declines in Europe. The ...
Date: 2/3/2010 Source: BestWire
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Aegon Sells Dutch Funeral Insurance Unit as Part of Strategic Realignment: Dutch financial services group Aegon N.V. said it is selling its funeral insurance business in the Netherlands to Egeria, a Dutch investment firm, for 212 ...
Date: 2/3/2010 Source: BestWire
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Insurers Critical of Several Obama Budget Proposals for 2011: Insurance industry associations have been looking over the details of President Barack Obama's 2011 budget proposal and not liking everything they find -- from ...
Date: 2/2/2010 Source: BestWire
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MetLife on Track to Merge Two Joint Ventures in China: MetLife Inc. said China insurance regulators have given preliminary approval for Capital Airports Holding Co. to transfer all of its equity interest in ...
Date: 2/2/2010 Source: BestWire
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Allianz Accelerates China Growth With New Subsidiary License: With a newly attained subsidiary license in China, Allianz Insurance said its next moves in the country will include retail business expansion and maintaining ...
Date: 2/2/2010 Source: BestWire
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Munich Re: Premium Growth, Lower Nat Cat Losses Boosted 2009 Results: Munich Re said a preliminary look at its 2009 results show a 62% rise in consolidated profit, to 2.56 billion euros on a 10% rise in gross premiums and ...
Date: 2/2/2010 Source: BestWire
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Zurich Looks for Further Gains in Hong Kong Life Market: Zurich Insurance Group (Hong Kong) intends to generate an extra 20% in life insurance business from the domestic agency force channel in Hong Kong with its ...
Date: 2/2/2010 Source: BestWire
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