March 14, 2013
A new report from UK based market research, publishing and consulting firm Finaccord notes that “emerging markets in the Asia-Pacific region and Latin America offer the most growth potential for bancassurers but the magnitude and nature of opportunities vary greatly …
October 10, 2012
India’s proposal to allow more foreign investment in its $41 billion insurance business provides a lifeline for an industry starved of capital and squeezed by regulation – but it may not pass parliament and it may not be enough. India’s …
September 25, 2012
With three months to go until the European Court of Justice ban on insurers taking a person’s gender into account when calculating premiums and benefits, the Association of British Insurers (ABI) has published guidance for consumers. “Gender has always been …
August 9, 2012
Dutch banking and insurance group ING now expects a quick sale of parts of its $7 billion Asian insurance business as it seeks to repay state aid and meet European requirements for its 2008 state bail-out, its chief executive said …
August 1, 2012
American International Group announced that its life and retirement business, SunAmerica Financial Group, Inc., has signed a definitive agreement with The Hartford Financial Services Group Inc. to acquire Woodbury Financial Services, Inc., an independent broker-dealer. Once the transaction is finalized, …
July 16, 2012
A wide range of suitors, from the son of Asia’s richest man and a former rugby player in New Zealand to more established players including AIA Group and Manulife Financial Corp, are expected to submit binding bids on Monday for …
July 12, 2012
Global private equity fund Blackstone Group LP is backing Mark Wilson, the former chief of AIA Group Ltd, in the bidding for ING Groep NV’s Asia insurance unit, a source directly familiar with the matter said. The consortium led by …
May 4, 2012
Following its rating actions on the parent company, France’s SCOR SE, A.M. Best has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of the group’s non-life North American …
May 3, 2012
A.M. Best Europe – Ratings Services Limited has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of French reinsurer SCOR SE and its main subsidiaries. Best also upgraded …
February 14, 2012
A report from the FUNDACIÓN MAPFRE, which analyzed 19 Latin American countries, concludes that the Latin American insurance market “achieved in 2010 a 19.3 percent rise in premium volumes compared to the preceding year, reaching €91.370 billion [$120.15 billion], confirming …