Life Insurance
Taikang Life 2010 After-tax Profit Forecast at CNY2.1bn
Taikang Life Insurance Company Limited predicts its 2010 after-tax profit would come to CNY 2.1 billion and solvency would stand at 170 percent. The insurer's bright results indicate that the company brought in CNY 86.8 billion in premium l...
Ping An of China 2010 Life Premium Topped CNY150bn
Ping An Insurance (Group) Company of China Ltd. (SHSE: 601318, SEHK: 2318) recorded more than CNY 150 billion in premiums from life insurance in 2010, and the premiums from personal insurance increased by over 40 percent year on year, accor...
Foreign Side Withdraws from Haier New York Life
As New York Life Insurance Company has withdrawn from Haier New York Life Insurance Co., the joint venture has changed its name into Haier Life Insurance Company Limited. The U.S. insurer has already transferred a 25% stake of Haier New Yor...
Ping An Performs Better than China Life in Personal Insurane
In the coming two years, Ping An Insurance (Group) Company of China (601318.SH) is predicted to surpass China Life Insurance Co. in the personal insurance premiums. From this January to November, the premiums of new personal insurance polic...
China Life, Swiss Life Join Hands in Intl Co-insurance
China Life Insurance Company Limited (SHSE: 601628, SEHK: 2628), the largest life insurer in the country, and Swiss Life inked an international co-insurance agreement on December 7, 2010, signaling that the Chinese life insurance firm forma...
INDIA'S LIFE INSURANCE CORP TO INVEST US$13BLN IN EQUITY MKT
Unfazed by controversy surrounding its housing finance arm, India's largest insurer Life Insurance Corporation (LIC) plans to pump in about Rs 61,000 crore (US$13.61 billion) in the equity market during this fiscal year. This year we are li...
Top 5 Companies in the Life & Health Insurance Industry With the Highest Return on Equity
Below are the top five companies in the Life Health Insurance industry as measured by return on equity (ROE). The ROE is a general indication of the company's efficiency; Investors usually look for companies with ROEs that are high and are...
PICC to Help Life Insurance Unit Increase Capital
People's Insurance Company (Group) of China Limited (PICC) plans to increase the capital base of its life insurance arm PICC Life, President Wu Yan of the parent group disclosed. In the middle of 2007 and mid-2009, actually, the registered...
BANGLADESH FM SEES SCOPE FOR REDUCING TAX ON LIFE INSURANCE
Finance Minister AMA Muhith Monday said there is scope to reduce the income tax rate on life insurance, as the prevailing rate in Bangladesh is the highest among neighbouring countries. At present, the government is charging 42.5 per cent i...
China Life Pension Approved to Prepare Third Branch
China Life Pension Company Limited just won regulatory approval to prepare for Shandong branch, its third branch well after Jiangsu branch and Shanghai branch. If the pension insurer sets up the Shandong branch in the maximum six-month prep...
Old Mutual-Guodian Life Vows to Transform Strategy
Old Mutual-Guodian Life Insurance Co., a Beijing-based joint venture between China Guodian Corporation and Old Mutual Plc, has just announced that it is going to change the current investment-linked insurance-focused operating strategy. The...
Minsheng Life to Lift Capital Stock to 5bn Shares
Minsheng Life Insurance Co., Ltd. is to start a new round of capital increase plan to increase the number of shares to 5 billion from current 2.7 billion shares, according to the opening ceremony of the Guangdong branch of Minsheng Life. Th...
BANGLADESH INSURANCE COS LAUNCH NEW CLOSED-END MUTUAL FUND
Bangladesh's Rupali Life Insurance and Bangladesh General Insurance Company (BGIC) has signed a trust deed to launch Rupali Life Insurance First Mutual Fund (RLIFMF), a closed end mutual fund. Earlier, the Securities and Exchange Commission...
Delta Life Women?s College Handball begins today
The 13th Delta Life Women?s College Handball Tournament began at the Handball Stadium here today (Sunday) with Holy Cross College making a good start beating Central Women?s College 3-1 in a low scoring opening match. The match was locked 1...
Rupali Life Insurance, BGIC sign trust deed to launch Mutual Fund
Eds: with correction in first para Dhaka, Oct 23 (UNB) - Rupali Life Insurance Company Limited and Bangladesh General Insurance Company (BGIC) have signed a trust deed to launch ?Rupali Life Insurance First Mutual Fund (RLIFMF)?, a close Ea...
INDIAN INSURER ICICI PRUDENTIAL TOPS FUND MANAGER RETURNS LIST
India-based ICICI Prudential Life Insurance has emerged as the top fund manager for the Indian-government run social security organisation Employees Provident Fund Organisation (EPFO), with returns of 8.72 per cent since September 2008 till...
INDIA'S RELIANCE LIFE TARGETS US$2.7 BLN PREMIUM IN 5 YEARS
Reliance Life Insurance, a part of India's Anil Dhirubhai Ambani group, is targeting a new premium income of Rs 12,000 crore (US$2.7 billion) in five years, a top company official said. We are growing 20 per cent each year. We intend to ear...
The Phoenix Companies Aligns with The AltiSure Group
The Phoenix Companies, Inc. has announced a strategic alliance with The AltiSure Group, an annuity and life insurance design and distribution company. According to a release, the collaboration will allow the two organizations to combine the...
Deficiency of infrastructure causing problems for post offices
More than 13,000 post offices providing postal services across the country are facing different problems due to deficiency of required infrastructure and other facilities. The existing infrastructure of these post offices needs to be furthe...
INDIAN PHARMA CO NECTAR LIFE GETS EU NOD FOR ANTIBIOTIC MOLECULE
Indian pharma company Nectar Lifesciences (BSE:532649) on Wednesday said its antibiotic molecule Cefuroxime Axetil, used for treating infections, has received a certificate of suitability from the European health regulator. A certificate of...
JCR retains Dai-Ichi Mutual Life Insurance's A+, J-1+ ratings
JCR confirmed on Monday the A+ rating with a stable outlook on the ability to pay insurance claims and senior debts of Japanese firm Dai-Ichi Mutual Life Insurance Co. The agency also upheld the J-1+ rating on the company's commercial paper...
JAPAN'S DAI-ICHI LIFE TO SET UP SOCIAL RESPONSIBILITY FUND
Dai-ichi Life Insurance Co. (TSE:8750) will establish next month a 1 billion yen (US$11.8 million) fund for socially responsible investing (SRI), becoming the first life insurer to do so on its own. The fund will invest in 100 domestic firm...
PICC Accelerating Dual Listing
People's Insurance Company (Group) of China Limited (PICC), the parent of PICC Property and Casualty Company Limited (PICC PC, 2328.HK), aims to get listed in Hong Kong and China's Mainland as a whole. Currently, Beijing-based PICC is the p...
Taikang Life, China Reinsurance looking at China listing in Q4
Two of China's insurers may go public on the nation's A-stock market in the fourth quarter, the Securities Times reported Monday, citing unnamed official close to the matter. TAIKANG LIFE and CHINA REINSURANCE CORP have applied for an IPO i...
Taikang Life, China Re Expecting A-share IPO
Taikang Life Insurance Co. and China Reinsurance (Group) Corporation (China Re) both have submitted the applications for getting listed in China's A-share market. Insurers' products structure, investment management capability, solvency, ris...
Life Insurers Strengthening Tie with Banks
Life insurers in the Chinese market are attaching more importance to strengthening tie with commercial lenders due to fiercer competition in the bancassurance sector. HSBC Life Insurance Co., Ltd. will copy its successful global bancassuran...
Two Life Insurers Approved to Issue Total CNY8bn Bonds
Taikang Life Insurance Co., Ltd. and Taiping Life Insurance Co. both won regulatory approval to issue maximum CNY 4 billion callable subordinated bonds so as to raise their solvency. The bonds, with a maturity of ten years, shall be issued...
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Copyright 2009 San Jose Mercury NewsAll rights reserved San Jose Mercury News
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Copyright 2009 Inc.All rights reserved Marketwatch.com MarketWatch 17 March
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