• China Pacific Life Bancassurance Boomed in Q1

      Products China Pacific Life Insurance Co., Ltd. sold in the first quarter of this year are mainly security-oriented insurance and long-term saving-oriented insurance, revealed top executives of its parent China Pacific Insurance (Group) Co....
    • Postal life Insurance an unbeatable presence in rural areas: Zehri

      Postal Life Insurance has an unbeatable presence in the rural areas due to extensive network of post offices and a key player in life insurance business and offered its services to every one across the country. Every Post office serves as i...
    • Insurers Seeking Opportunity from Aging Problem

      Life insurers in the Chinese market cast eye to nursing community in succession as they are going to be allowed to invest in property. Taikang Life Insurance Co., Ltd., the nation's fourth-biggest life insurer, established a unit namely Tai...
    • Pacific Life Names Morris CEO to Replace Retiring Sutton

      Orange County's largest privately held company, Newport Beach-based Pacific Life Insurance Co., officially named Jim Morris as its next chief executive, starting next year. Morris, 46, is set to take over for the retiring Thomas Sutton, who...
    • Apartment Complexes Finding Buyer, Investor Interest

      Its been a busy month for sales of some of Orange Countys larger apartment complexes. In May, I wrote about a trio of local apartment salestwo properties in Aliso Viejo and another in Rancho Santa Margaritaby Milwaukees Northwestern Mutual...
    • Samsung Life plans to raise 5.1 trl won in May IPO

      Samsung Life Insurance Co., South Korea's top life insurer, released Wednesday a target price range for its May initial public offering (IPO), which could fetch up to 5.1 trillion won (US$4.5 billion). Samsung Life said in a regulatory fili...
    • Sun Life Financial Shows Biggest Gain in Net Premiums Written in 2009

      Sun Life Financial Group and Jackson National Group showed the biggest gains in net premiums written in 2009 among the top 25 U.S. life/health writers, according to a recent A.M. Best Statistical Study. The two companies were among just a f...
    • Nippon Life Benefits Names New President and CEO

      Nippon Life Benefits said it named Toshihiro Nakashima as president and chief executive officer. Nippon Life Benefits is the U.S. subsidiary of Japan's Nippon Life Insurance Co. (Nissay). Nakashima replaces outgoing president and CEO Akira...
    • Top Insurers Saw Losses from Investment in Listed Firms

      China Life Insurance Co. (China Life, 601628.SH, 2628.HK), Ping An Insurance (Group) Co. of China Ltd. (601318.SH) and China Pacific Insurance (Group) Co. (CPIC, 601601.SH) by this March totally suffered floating losses of about 1.1 billion...
    • Manulife Financial Aims at Financial Holding Group in China

      Sino-Canadian insurer Manulife-Sinochem Life Insurance Co., Ltd. saw a branch in Chongqing, the biggest Chinese municipality, for one year recently. Amid quit of foreign shareholders of Sino-foreign insurers in the Chinese market, Manulife...
    • Life Insurance Start-up Embraces Private Investor in China

      The China Insurance Regulatory Commission, the nation's top insurance regulator, gave a nod to the opening of Zhongrong Life Insurance Co., Ltd., a life insurance start-up located in Shanghai, on March 25, 2010. United Copper Foils (Huizhou...
    • Life Flight Expands Services

      Saint Francis Health System and St. John Health System, along with Air Methods, Inc., announce a new arrangement for the provision of Tulsa Life Flight services beginning this month. The new agreement allows Tulsa Life Flight to expand its...
    • Pacific Life Reports Higher Assets, Revenue

      Newport Beach-based Pacific Life Insurance Co. ended 2009 with $109.9 billion in assets, up from $96.9 billion a year earlier, according to financial statements posted on its Web site. The insurer, the largest privately held company in the...
    • Judge Rules to Liquidate Frank Whitbeck's Signature Life Insurance

      So far it hasn't been a good 2010 for Frank B. Whitbeck. Last week, Pulaski County Circuit Court Judge Jay Moody ruled that the Arkansas Insurance Department could liquidate Whitbeck's insolvent Signature Life Insurance Co. of Little Rock....
    • Pacific Life's investment losses Prospect

      Fitch Ratings Inc. lowered its credit ratings on Newport Beach-based Pacific Life Insurance Co. and its parent company and predicts more investment losses for the life insurer. New York-based Fitch took Pacific Life and its parent down a no...
    • John Hancock Reorganizes, Narrows From Five Life Insurers to Three

      With the close of the year, John Hancock Financial Services announced the completion of a reorganization that reduced its primary life insurers from five to three and also shuffled some other components of the company. John Hancock Life Ins...
    • New RMBS Calculation to Save Life Insurers $5 Billion

      A new evaluation of the risk-based capital requirements that life insurers face when they invest in residential mortgage-backed securities will free up approximately $5 billion in capital industrywide. A determination by Pimco Advisory, con...
    • US Life Insurers Bracing for Second Wave of Losses From Commercial Real Estate

      Many U.S. life insurers are likely bracing for losses linked to their investments in commercial real estate but unlike 2008's residential mortgage market crisis, this time around, it's different. And the industry should be trying to raise m...
    • Fort Dearborn Life Insurance Announces New Brand Name

      Fort Dearborn Life Insurance Company along with several affiliate companies has announced that it will begin marketing its products and services under the newly created brand name Dearborn National. The affiliate companies marketing under th...
    • Minnesota Life Offers Help With GINA - Genetic Information Nondisclosure Act

      ST. PAUL, Minn. , Jan. 6 /PRNewswire/ -- While much of the Genetic Information Nondisclosure Act (GINA) remains to be interpreted in terms of rules and regulations, the employment section of GINA that incorporates procedures and remedies fo...