Latest Life Insurance Headlines
All the headlines from our Life Insurance Topic Page, ordered by recency.
AIG Raises $17.9 Billion; Prices AIA IPO at Top of Range
Oct 22 2010 // AIA, the Asian life insurance arm of AIG, raised $17.9 billion by pricing its Hong Kong IPO at the top of its range, as investors piled into a company with a wide footprint across rapidly growing Asia. The pricing of the...
New Swiss Re sigma Study Examines Impact of Inflation on Insurers
Oct 19 2010 // Swiss Rre has issued a timely new sigma study , “The impact of inflation on insurers,” which examines “recent commodity price spikes and the current easy monetary policy” that have “increased...
AIA Warns Failed Prudential UK Deal Could Impact Business
Oct 5 2010 // AIA Group Ltd, which aims to raise about $15 billion through a Hong Kong listing, flagged a series of business risks including the collapsed bid from Prudential Plc as it launched the share offering on Tuesday. AIA, the...
AIG to Sell Japan Life Units to Prudential (U.S.) for $4.8 Billion
Sep 30 2010 // American International Group said Thursday it will sell its two Japanese life insurance units to Prudential Financial Inc for $4.8 billion, marking another step in its efforts to repay U.S. taxpayers. The sale of AIG Star...
U.S., AIG Exit Plan Faster, Riskier, Perhaps Profitable for Taxpayers
Sep 30 2010 // American International Group Inc. laid out a plan Thursday that sets the insurer on an accelerated path for payback of bailout money, but it also increases the risk for the U.S. government. The plan, which comes a little...
Alabama’s Protective Life Acquires United Investors Life
Sep 14 2010 // Protective Life Corporation, of Birmingham, Ala., today announced that its principal subsidiary, Protective Life Insurance Company, has signed an agreement to acquire United Investors Life Insurance Company from Liberty...
Minnesota’s Allianz Has New VP of Life Insurance Sales
Sep 14 2010 // Allianz Life Insurance Company of North America, Minneapolis has named Jason Wellmann as the new senior vice president of Life Insurance Sales. In this role, Wellmann will be responsible for leading Allianz life insurance...
China’s Largest Bank to Sell AIG Life Insurance Products at Branches
Sep 10 2010 // Industrial and Commercial Bank of China Ltd (ICBC) and soon-to-be listed AIA Group Ltd have signed an agreement under which ICBC will sell AIA’s life insurance products at its branches, the two companies said on...
South Carolina Forms Insurance Funding Program
Sep 3 2010 // South Carolina Insurance Director Scott Richardson, will introduce the new South Carolina Insurance Funding Program (SCIF) during the annual South Carolina Captive Insurance Association Conference, Sept. 13-15 in...
Manulife, Ace among Bidders for NY Life Asia – Sources
Aug 27 2010 // Canadian insurer Manulife Financial Corp and Switzerland’s Ace Ltd are among bidders for New York Life Insurance Co’s Hong Kong, Taiwan and South Korean assets, sources said, in a deal valued between $800...
AIG Posts Q2 Loss; Chartis Insurance Stable Despite Flood, Oil Spill Claims
Aug 6 2010 // American International Group Inc. reported a $2.7 billion quarterly loss compared to a net profit of $1.8 billion for the same quarter a year earlier. The second quarter 2010 loss was primarily due to a $3.3 billion...
European Life Insurers Hope Accounting Change Will Woo Investors
Aug 4 2010 // British life insurers reporting half-year results this month plan to simplify their notoriously complex financial statements in a move that could lift their flagging shares. Standard Life, Britain’s fourth-biggest...
Illinois Insurance Agency, Agents Face Steep Fines; Licenses Revoked
Jul 30 2010 // The Illinois Department of Insurance revoked the insurance producer licenses of a Lake Bluff-based insurance agency and three insurance agents, including two from Antioch and one from Chicago, for the improper marketing...
MetLife, Pru Facing Probe Over Soldiers’ Death Benefits
Jul 30 2010 // New York’s attorney general has subpoenaed MetLife Inc. and Prudential Financial Inc. as part of a probe into whether life insurers are defrauding families of deceased military personnel by siphoning off millions of...
Court Dismisses Lawsuit Challenging Calif. Commissioner’s Actions
Jul 27 2010 // California Insurance Commissioner Steve Poizner is considering a recent court decision a victory for consumers, as a lawsuit that attempted to stop the Commissioner from protecting Californians in connection with the...
P/C Trade Groups Join GNAIE in Opposing Unitary Accounting Standard
Jun 4 2010 // The Group of North American Insurance Enterprises (GNAIE), an association representing the Chief Financial Officers of major life insurance companies in Bermuda, Canada, and the United States, has joined with four other...
AIG Posts $1.5B Net Income in Q1; Chartis Sees 1.1% Drop in Premiums
May 7 2010 // American International Group Inc. turned a quarterly profit after a year-ago loss as the bailed-out insurer got a boost from its investments and general insurance operations appeared to stabilize. Chartis, the general...
Tower Australia Eyes AIA Insurance
Apr 8 2010 // Tower Australia Ltd will be interested in buying the “well-run” Australian business of AIA if it comes up for sale, as it moves into the fast-growing group insurance sector, Tower’s chief executive said...
Zurich Considering New China Life Fundraising; Future P/C Growth
Mar 16 2010 // Zurich Financial Services is actively talking with sovereign wealth fund China Investment Corp and major steelmaker Baosteel on fundraising plans for their venture New China Life Insurance, a Zurich Financial executive...
Fitch Holds Conference on China’s Life, Non-Life Insurance Sectors
Mar 11 2010 // Fitch Ratings hosted a teleconference today, March 11 on the performance of China’s life and non-life insurance sectors. A replay of the conference is expected to be posted soon on the rating agency’s web site...
