Life Insurance
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...
CRM Holdings information as Global Insurance Index rose 0.71%
The U.S. Life Insurance Index led the sector indexes, with the U.S. Insurance Brokers Index trailing the list. In descending order, the A.M. Best Insurance Stock Indexes closed at: U.S. Life Insurance Index (AMBUL) +2.69% U.S. Multi-Line In...
METLIFE SELLS OVER 1 MLN LIFE INSURANCE POLICIES IN INDIA
Private life insurer Metlife Monday said the number of life insurance policies it has sold in India has crossed the 1 million mark. It is indeed a moment of pride for us at MetLife to achieve the 1 million-mark... This achievement gains all...
Plan to Shift Sun Life Everbright Life into Chinese Remains
To inject CNY 299.4 million into Sun Life Everbright Life Insurance Co., Ltd. with Sun Life Financial Service is a part of China Everbright Group's plan to infuse capital into the Sino-Canadian insurer. The plan to shift Sun Life Everbright...
CENTRAL HUIJIN TO PAY US$594 MLN TO TAKE OVER NEW CHINA LIFE
China Central Huijin should pay 4.058 billion yuan (US$594.31 million) in a lump to buy 38.815 per cent of New China Life Insurance's shares from China Insurance Security Fund Co. Ltd., according to people familiar with the transaction. The...
Ping An Cut Equity Investment Position by CNY10bn
Ping An Insurance (Group) Company of China, Ltd. (SHSE: 601318 and SEHK: 2318) began sending out redemption orders to fund managements firms and cutting stock position from last week. So far, funds it redeemed and stocks position it cut has...
Buyers Of AIG's Taiwan Life Assets Face More Regulatory Hold-Ups
Buyers of American International Group Inc.'s [18540] Taiwanese life insurance unit, Nan Shan Life Insurance Co. Ltd. [86003], are facing more hurdles in the regulatory review process for the deal in Taiwan. Chinatrust Financial Holding Co....
Nippon Life First-Half Net Triples as Investments Improve
Nippon Life Insurance Co. [85457], Japan's largest mutual life insurance group, saw its first-half net income surge on improved investment income, even as premiums fell. First-half net income rose to 125.3 billion yen (US$1.4 billion), from...
China's Sunshine Life Approved for Shanghai Branch
Beijing-based Sunshine Life Insurance Co. Ltd. won regulatory approved to set up a branch in Shanghai. Earlier in November, Sunshine Life's sub-branch in southern China's Shenzhen commenced operations, bringing its total operations in Shenz...
Canada's Life Insurance Industry - Political, Economic, Social and Technological Framework Analysis Report
The life and health insurance industry plays an important role in the lives of Canadians by providing insurance against unexpected events and helping individuals plan their financial future. Traditional insurance, such as life and health, s...
Benazir Smart Card to benefit people living below poverty line: FM
Foreign Minister Makhdoom Shah Mehmood Qureshi said on Saturday that government is going to issue Benazir Smart Cards to benefit people living below the poverty line in the country. While addressing public meetings in different parts of NA-...
Best Removes From Under Review, Affirms Ratings of Liberty Bankers Life Insurance Company and Subsidiary; Outlook Negative
A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating (FSR) of B- (Fair) and issuer credit ratings (ICR) of ? bb-? of Liberty Bankers Life Insurance Company (LBL) and its primary l...
Edelweiss Capital to form life insurance joint venture with Tokio Marine Holdings
Edelweiss Capital Limited has entered into an agreement with Tokio Marine Holdings, Inc. to establish a life insurance joint venture in India to be called Edelweiss Tokio Life Insurance. Edelweiss Capital is an India-based provider of inves...
Update: Phoenix Reinsures Small Life Book With Swiss Re
Phoenix Cos. Inc. said it has reinsured a small block of in-force life insurance to Reassure America Life Insurance Co., a Swiss Re subsidiary. Terms of the transaction, including the types of life insurance policies in the block, were not...
Former Life Insurance Executive Named President of Japan Post Network
Japan Post Network Co., a subsidiary of Japan Post Holdings Co., has appointed Akira Nagatomi, a former senior management director of Sumitomo Life Insurance Co. [85054], as president of the postal unit that handles over-the-counter services...
AIG Edison Life Insurance to deploy salesforce.com's cloud computing solution
Japan-based AIG Edison Life Insurance has selected salesforce.com for an enterprise-wide cloud computing implementation. By implementing Salesforce CRM and Force.com, AIG Edison intends to streamline its front and back office business proce...
Group Dedicated to Women's Issues Reconvenes to Further its Focus on Advocacy, Research and Economic Power
S-women, the first volunteer women's advisory board, held its second bi-annual meeting in Chicago, where its members convened to discuss solutions to crucial women's issues, and focus on advocacy, research and economic power. The group is sp...
Phoenix Reinsures Small Life Book With Swiss Re
Phoenix Cos. Inc. said it has reinsured a small block of in-force life insurance to Reassure America Life Insurance Co., a Swiss Re subsidiary. Terms of the transaction, including the types of life insurance policies in the block, were not d...
A.M. Best Affirms Ratings of Balboa Ins Group & Its Members, Newport E&S, Balboa Life, Balboa Life Ins Co of NY & Gen Fidelity
A.M. Best Co. has affirmed the financial strength ratings (FSR) of A (Excellent) and issuer credit ratings (ICR) of ?a? of Balboa Insurance Group (Balboa) and its property/casualty members, Balboa Insurance Company (BIC), Meritplan Insurance...
Nationwide Health Undecided About Reform Effects
According to the blog, there are only four confirmed cases of super-autobiographical memory face, a condition where a person's memory is like that of a video recorder - he or she can remember exact details of almost every moment of his or h...
Choose Employee Benefits Carefully
Prepare for possible economic hardships. In these uncertain times, it pays to know all your options in advance. For example, if you or your spouse suspect you might be vulnerable to a layoff, find out the relative costs to join the spouse's...
Towers Perrin: Commercial Lines Will Increasingly Use Predictive Modeling
A survey by consulting firm Towers Perrin found commercial lines carriers are increasingly discovering the benefits of using predictive modeling in establishing price and other areas. According to the survey of 90 executives from 81 propert...
ALLIED WORLD ANNOUNCES BRANCH OFFICE IN SINGAPORE
Allied World Announces Branch Office in Singapore PEMBROKE, Nov. 13 /PRNewswire-AsiaNet/ -- Allied World Assurance Company Holdings, Ltd (NYSE: AWH) today announced the opening of a branch office in Singapore in order to further expand its...
Insurers eye passage of bill abolishing 5.25% annual life insurance tax premium this month
Life insurers are hoping that Congress? Bicameral Committee will approve this month the proposal to cut 5.25 percent tax off life insurance premiums annually. Philippine Life Insurance Association Inc. (PLIA) President Victor Quisumbing, in...
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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- Insurance Industry Campaign Contributions Lean in Favor of Democrats
- Total Admitted Assets for Top 25 U.S. Life/Health Writers Dr
- Class Action Suit against Nationwide Insurance
- MetLife's Bank Passes Federal Government's Stress Tests
- Indexed Annuity Sales Set A Record For 2Q 2009
- Insurance Department Releases Report on Executive Compensation at State's Largest Blues' Plans
- New York Life’s Top Ratings Affirmed by All Four Major Rating Agencies
- Best Removes From Under Review, Affirms Ratings of Liberty Bankers Life Insurance Company and Subsidiary; Outlook Negative
- Bank BOLI Assets Exceed $126 Billion in 2008
- LIMRA/McKinsey Study Reveals How Life Insurers Can Optimize
