Latest Life Insurance Headlines
All the headlines from our Life Insurance Topic Page, ordered by recency.
S&P Sees No Rating Change for AIG from $4.1 Billion Charge
Feb 11 2011 // Standard & Poor’s Ratings Services announced that its ratings on American International Group Inc. (A-/Negative/A-2) and AIG’s insurance subsidiaries “are not affected by the company’s...
AIG Completes Sale of Japanese Life Insurance Companies to Prudential
Feb 1 2011 // American International Group, Inc. (AIG) reported it has closed the sale of its Japan-based life insurance subsidiaries, AIG Star Life Insurance Co. Ltd. and AIG Edison Life Insurance Co., to Prudential Financial Inc. for...
S&P Japan Ratings Downgrade Hits Insurers
Jan 28 2011 // Yesterday Standard & Poor’s Ratings Services announced that it had lowered its sovereign rating on Japan to ‘AA-‘ from ‘AA’. The rating agency followed up that action by announcing that it...
Capgemini/Efma Report Urges ‘Re-focusing,’ ‘Operational Efficiencies’
Jan 21 2011 // In their recently released 2011 World Insurance Report Capgemini and Efma explore how insurers can “dissect their business to identify opportunities that will make fundamental and lasting improvements to their core...
Best Affirms USAA and Subs ‘A++’ Ratings; Outlook Stable
Dec 29 2010 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa” of Texas-based United Services Automobile Association (USAA) and its...
Japan’s Dai-ichi Life to Take over Australia’s Tower Group for $1.2 Billion
Dec 28 2010 // Japan’s Dai-ichi Life Insurance Co said it would buy the shares it does not already own in Tower Australia Group Ltd for 99.6 billion yen ($1.2 billion) as it seeks expansion overseas. Japan’s No.2 life insurer...
Best Europe Affirms ‘A’ Ratings of HDI, Gerling, Talanx Companies
Dec 28 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Germany’s HDI...
SPECIAL REUTERS REPORT: Inside AIG’s Tortuous Turnaround
Dec 22 2010 // During a rainstorm in Washington in early 2009, amid the furor over Wall Street’s post-bailout bonuses, an American International Group employee pulled out an umbrella that had the insurer’s name on...
Buy Sell Agreement Basics
Dec 5 2010 // Why Every Business Should Develop a Comprehensive Buy-Sell Agreement It can be anti-intuitive for some people, but when getting into a business, one needs to plan how to get out of the business. There can be many options...
Dutch Insurer Aegon to take $290 Million Charge from U.S. Restructuring
Dec 2 2010 // Dutch insurer Aegon NV will cut up to 500 jobs in the United States and discontinue sales of certain types of life insurance policies, it said on Wednesday, leading to $290 million in restructuring charges and...
Best Affirms Assurant and Subsidiaries Ratings; Outlook Stable
Nov 22 2010 // A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of the property/casualty and life/health insurance subsidiaries of Assurant, Inc. Best also affirmed the ICR of...
New York Court Validates Resale of Life Insurance Policies
Nov 18 2010 // New York’s highest court Wednesday said it was legal for residents of the state to take out life insurance on themselves and immediately sell the policy, a ruling seen as having substantial implications in the...
Nationwide Insurance Reports Net Income of $975M
Nov 16 2010 // Columbus, Ohio-based Nationwide Insurance has reported that consolidated net operating income through September 30 was up 39 percent to $975 million. That is compared to $702 million in the first three quarters of 2009....
3 Ways to Boost P/C Agency Revenues with Life Insurance Sales
Nov 14 2010 // When I was a regional advisor for a multiline insurance company we were always looking for ways to help agents build more profitable agencies. The most successful agents invariably had a system to promote life insurance...
Competition Picks Up in Insurance Market for the Rich
Nov 12 2010 // U.S. insurers are targeting the wealthy as one of the few client groups willing to pay higher rates and buy more policies, and competition to serve those people is increasing. From life insurers to property and casualty...
AIG Reports Big Loss on Charges; Insurance Results Remain Stable
Nov 5 2010 // American International Group, Inc. (AIG) reported a net loss of $2.4 billion for the third quarter of 2010, compared to net income of $455 million in the third quarter last year. The loss was attributable to restructuring...
AIA Shares Surge 17% on Trading Debut in Hong Kong
Oct 29 2010 // AIA Group Ltd surged 17 percent in its Hong Kong debut on Friday as investors, chasing exposure to Asia’s fast-growing life insurance business, piled into the record offering in the world’s hottest IPO...
Sources Report SCOR, RGA in Race to Acquire Aegon’s Transamerica Re
Oct 29 2010 // French reinsurer SCOR Group and Reinsurance Group of America (RGA) are in the race to buy Dutch insurer Aegon NV’s Transamerica Reinsurance unit, sources familiar with the matter said. The auction, which started...
ACE to Acquire New York Life’s Operations in Hong Kong and Korea
Oct 27 2010 // ACE Limited announced that it has signed a definitive agreement to acquire New York Life’s Hong Kong and Korea life insurance operations for approximately $425 million in cash. ACE said the deal would expand its life...
Analysts Watching How Insurers Handle Low Interest Rates, Pricing
Oct 26 2010 // Insurers are under growing pressure from two fronts, each of which promises to be a key focus in earnings reports the next two weeks — depressed interest rates that could dampen investment income in coming years and...
