Life Insurance
Symetra Life Insurance adds cash refund payout option
Symetra Life Insurance has announced the addition of a new cash refund payout option on its income annuity products. The company said that the cash refund payout option provides beneficiaries with a sum equal to the unrecovered purchase pay...
BoCommLife Assurance CNY300mn Capital Increase Agreed
BoCommLife Assurance Company Ltd., the first insurance firm in which a bank takes a controlling stake, has gained the regulatory approval of increasing capital by CNY 300 million from the China Banking Regulatory Commission. And now, the Si...
Maui Land & Pineapple Releases 2010 1Q Results
Maui Land Pineapple Company, Inc. has reported a net loss of $2.7 million or $0.33 per share for the first quarter of 2010, compared to a net loss of $13.2 million or $1.65 per share for the first quarter of 2009. In a release on May 10, th...
Samsung Life to make market debut this week
Shares of Samsung Life Insurance Co., will start to be traded on the main stock market Wednesday in what will be the country's biggest initial public offering (IP0) this year, the bourse operator said Monday. South Korea's biggest life insu...
China's Huatai Life Cleared for Hunan Branch
Beijing-based Huatai Life Insurance Co. won the approval from the China Insurance Regulatory Commission to set up a new branch in Changsha, the capital of southern China's Hunan province. The life insurer's business strategy is to distribut...
Generali Elects New Chairman; Cites Growth in First Quarter
Assicurazioni Generali SpA's shareholders elected Cesare Geronzi as chairman of the group at the annual general meeting. Geronzi, 65, replaces Antoine Bernheim, 75, as the group's chairman. Geronzi is chairman of Italian investment bank Med...
ING Life Korea Appoints New Management Team
Dutch financial services group ING Groep [085144] appointed John Wylie as chief executive and president of ING Life Korea [087173] to take over the responsibilities of Curt Olson, according to ING Life Korea. The life insurer also appointed...
Insurance of security forces, police constabularies completed
On the directives of the government the insurance of Frontier police, Frontier Corps, frontier constabulary, personnel and officials of the security forces has been completed for effective action against the militants. In wake of law and or...
(3nd LD) Samsung Life sets IPO price at 110,000 won
Samsung Life Insurance Co., South Korea's biggest life insurer, said Friday it will raise 4.89 trillion won (US$4.4 billion) by offering its shares for 110,000 won apiece before its debut on the Korea Exchange (KRX) next month. In a regulat...
Jury Finds French Firm Guilty of Fraud in Executive Life Case
A federal jury on Tuesday found that a French company owned by billionaire Francois Pinault conspired to defraud California regulators as part of a scheme to take over failed insurer Executive Life, the Associated Press reported. While ruli...
Clock Is Ticking to Get Best Deals on Term Insurance
No matter how large or small your business, insurance can play an important role in your future planning. For the security of your family and your firm, it's important to adequately insure yourself. If you are thinking about buying term ins...
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...
Today's Picks
Blue Cross Blue Shield of North Dakota Names von Ebers
BISMARCK, N.D. Blue Cross Blue Shield of North Dakota has named insurance
Employee Benefits Selections
NEW YORK - (BUSINESS WIRE) - Millions of American workers will be making their
Obama Plan May Give Physicians leverage to press for
May 12 - WASHINGTON - The push to increase attacks health care costs by
Anthem Blue Cross and Blue Shield in Missouri
ST. LOUIS, Aug. 3 /PRNewswire/ -- Not just for teens anymore--social networking
Bank BOLI Assets Exceed $126 Billion in 2008
According to Report by Michael White and Meyer-Chatfield Radnor, PA, and
Cassidy: Movement of reforming health care reached
Copyright 2009 San Jose Mercury NewsAll rights reserved San Jose Mercury News
Family financial protection - Is your family covered?
Income protection, critical illness cover, income benefit and life insurance
Madoff IRS To Allow victims of theft loss deduction
Copyright 2009 Inc.All rights reserved Marketwatch.com MarketWatch 17 March
Job Shift insurers on premiums
Copyright 2009 Los Angeles TimesAll Rights Reserved Los Angeles Times 25 March
New York Life to pay the long-term care insurance
NEW YORK - (BUSINESS WIRE) New York Life Insurance Company announced today that
Employers Want To Save Money While Working With TPAs
The nation's sour economy has added a new step to the tango of self-insured
See consumers life insurance as a way to help offset
Americans believe life insurance can help bridge the gaps for loved ones
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