annuities News

SCOR Finalizes Sale of U.S. Fixed Annuity Business

French reinsurer SCOR announced that it has finalized the sale of its subsidiary Investors Insurance Corporation (IIC) to Athene Holding Ltd., as initially announced on February 16, 2011. SCOR said the sale, for $55 million, “is in line with the …

ABI Describes EU Court’s Ban on Gender Use as ‘Disappointing’

“The decision by the European Court of Justice (ECJ) to ban the use of gender in insurance policies from December 2012 is disappointing news,” states a bulletin from the Association of British Insurers (ABI). The UK’s insurance industry “has fought …