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Update: NAIC Hires Pimco to Model Residential Mortgage-Backed Securities
(Corrects the year in the third paragraph. U.S. insurers owned about 18,000 residential mortgage-backed securities at year-end 2008.) The Nat
Date: 11/20/2009     Source: Bestwire

Willis Works Out Ownership Deal with France's Gras Savoye
Willis Group Holdings Ltd. said it and the original family shareholders of French insurance broker Gras Savoye & Cie. have signed an agreement with As
Date: 11/19/2009     Source: Bestwire

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
Date: 11/18/2009     Source: Bestwire

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 co
Date: 11/18/2009     Source: Bestwire

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 t
Date: 11/17/2009     Source: Bestwire

Fortis Sees Nine-Month Profit on Insurance Gains
Belgian financial services group Fortis claimed a solid performance in the first nine months of the year, as its core insurance operations posted a pr
Date: 11/17/2009     Source: Bestwire

China's Jiangxi Province Signs Export Credit Insurance Policy
China Export and Credit Insurance Corp. (Sinosure) [77801] has signed a US $149 million export buyer credit insurance contract with the Jiangxi branch
Date: 11/17/2009     Source: Bestwire

Amlin Sees 52% Rise in Third-Quarter Premiums
Lloyd's insurer Amlin has announced that it had a good third quarter of 2009, with gross written premiums totalling 1.37 billion pounds (1.537 euros),
Date: 11/16/2009     Source: Bestwire

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 inves
Date: 11/16/2009     Source: Bestwire

Perspectives: Weatherford Says Move Quickly on Speed-to-Market for Variable Annuity Industry
With the U.S. life insurance industry revamping its stock market-linked variable annuity offerings, the chief of the Insured Retirement Institute says
Date: 11/16/2009     Source: Bestwire