Latest Life Insurance Headlines
All the headlines from our Life Insurance Topic Page, ordered by recency.
Santander Pays $1.1B to Replace Allianz with Aegon, Mapfre in Spain Joint Venture
Jun 25 2019 // Banco Santander SA agreed to pay 937 million euros ($1.1 billion) to buy Allianz SE out of an insurance joint venture in Spain, more than halving the value of the German insurer’s assets under management in the...
Zurich Completes Acquisition of ANZ’s Life Insurance Business in Australia
Jun 3 2019 // Zurich Insurance Group said it has completed the acquisition of the life insurance businesses of Australia & New Zealand Banking Group Ltd. (ANZ), becoming a major life insurer for retail customers in the Australian...
Swiss Re-Backed FWD in Talks for Biggest-Ever Southeast Asian Insurance Deal
Mar 22 2019 // FWD Group, backed by billionaire Richard Li, has revived talks about a potential acquisition of the life insurance operations of Thailand’s Siam Commercial Bank Pcl after a two-year hiatus. Siam Commercial reached a...
Belgium’s Ageas Acquires 40% Stake in Indian Non-Life Insurer RSGI
Feb 25 2019 // Brussels-based insurer Ageas has acquired 40 percent of the share capital of the Indian Non-Life insurance company Royal Sundaram General Insurance Co. Limited (RSGI) for a total cash consideration of €185 million...
Japan Insurers Eye China Acquisitions in Continuation of Overseas Deal Spree
Feb 4 2019 // Japanese insurance companies have spent more than $50 billion on acquisitions over the past five years to become the world’s second-largest buyer of insurance assets, and the deals spree won’t be slowing down...
Ageas Agrees to Acquire 40% Stake in India Non-Life insurer RSGI
Nov 14 2018 // Brussels-based insurer Ageas announced it has signed an agreement to acquire 40 percent of the share capital of the Indian non-life insurance company Royal Sundaram General Insurance Co. Ltd. (RSGI) for a total...
Australia’s AMP to Sell Life Insurance Arm at Discount, as Funds Bleed Cash
Oct 25 2018 // Australia’s largest wealth manager AMP Ltd said on Thursday it would sell its life insurance arm at a discount and revealed its funds were hemorrhaging cash as clients pulled out their money in response to...
Australia Life Insurers Will Be Required to Publish Customer Dispute Numbers
Oct 24 2018 // Australia’s life insurers will be required to publish customer dispute numbers every six months, top financial regulators said on Wednesday, as a misconduct inquiry threatens other reforms that could hurt industry...
John Hancock Will Only Sell Interactive Life Insurance with Fitness Data Tracking
Sep 19 2018 // John Hancock, one of the oldest and largest North American life insurers, will stop underwriting traditional life insurance and instead sell only interactive policies that track fitness and health data through wearable...
Global Premiums Rise by 1.5% in 2017, Driven by Emerging Markets: Swiss Re
Jul 16 2018 // Global insurance premiums continued to rise in 2017 with emerging markets leading the way, according to a study published by Swiss Re Institute’s sigma, which is celebrating its 50th anniversary of market...
Global Insurance Premiums Rise by 1.5% in 2017, Driven by Emerging Markets: Swiss Re
Jul 6 2018 // Global insurance premiums continued to rise in 2017 with emerging markets leading the way, according to a study published by Swiss Re Institute’s sigma, which is celebrating its 50th anniversary of market...
Hollywood Stars Join Supporting Cast for Insurtech
Jun 15 2018 // The company isn’t a well-known name in Silicon Valley, but its investors certainly are. San Francisco-based Ethos Technologies Inc. was founded last year, the product of two Stanford MBAs. The company’s core...
After Tax Cuts, Insurers Shy Away from Muni-Bonds
May 18 2018 // Some of the biggest U.S. insurers reduced their holdings of state and local government bonds after the corporate tax cut took effect this year, marking a retreat by a key buyer in the $3.9 trillion municipal-securities...
A.M. Best Assigns Stable Outlook to Germany’s Non-Life Insurance Sector
May 17 2018 // A.M. Best has a stable outlook on the German non-life insurance sector as Germany’s robust economy continues to drive growth. According to the ratings agency, the country’s technical profitability is solid and...
The Death of Underwriting and Underwriters
Mar 23 2018 // Underwriting is not dying. It is just being automated into digital algorithms versus analog human beings. Technology’s effect on life insurance underwriting is easiest to show by example. It is also further advanced...
Foreign Insurers Benefit as China Tightens Rules on Local Firms
Mar 21 2018 // When Zhang Xixi, a 25-year-old staffer at an online financial company in China’s southern province of Guangdong, decided last year to buy personal insurance for the first time, he was swamped with options. Local...
The Competitive Advantage: The Death of Underwriting and Underwriters
Mar 5 2018 // Underwriting is not dying. It is just being automated into digital algorithms versus analog human beings. Technology’s effect on life insurance underwriting is easiest to show by example. It is also further advanced...
Generali Evaluates Offers for Its $49B German Life Insurance Portfolio: Sources
Mar 2 2018 // Athene Holding Ltd. and Viridium Group GmbH submitted binding bids for Assicurazioni Generali SpA’s 40 billion-euro ($49 billion) German life insurance portfolio, according to people with knowledge of the...
Nippon Life Agrees to Buy 85% Stake in MassMutual’s Japan Unit for $980M
Mar 2 2018 // Nippon Life Insurance Co said on Friday it had agreed to buy an 85 percent stake in the domestic unit of U.S.-based MassMutual Financial Group for about 104.2 billion yen ($980 million) as it aims to boost its...
Liberty Mutual Sells Off Life Insurance Unit, Realigns U.S., Global P/C Business
Jan 23 2018 // Liberty Mutual is getting out of the life insurance business, and the insurer will reorganize in order to better focus on its remaining P/C businesses. The Boston-based global insurer said it will sell its life insurance...
