News ArchiveArchive of industry news from the global life insurance industry
News By Date
US life (re)insurance start-up Nassau Reinsurance Group raises over $750m for launch
US-based Nassau Reinsurance Group has raised over $750m of initial capital to build an insurance and reinsurance platform focused on the life, annuity and long-term care sectors.
RFIB Group launches life reinsurance unit
RFIB Group, the international Lloyd’s insurance and reinsurance broker, has launched a life reinsurance unit with the appointments of Michael Crawcour, as divisional director and Valentine Stockdale as account executive.
Swiss Re: UK protection market grows by 4.1% YoY
Swiss Re’s annual snapshot of the UK protection market has reported that in 2014 1.67m new term assurance, whole life, critical illness and income protection policies were sold, a year-on-year (YoY) increase of 4.1%.
Star Union Dai-ichi Life Insurance Company launches new endowment assurance plan
Star Union Dai-ichi Life Insurance Company (SUD Life) has rolled out a new non-linked non-participating guaranteed return endowment assurance plan.
Moody's: Australian life insurers' profits under pressure through to 2016
The profitability of Australian life insurers will be under pressure throughout 2015 and 2016, due to the policy lapses and rising claims seen for their risk products, according to Moody's Investors Service.
Lincoln Financial Group introduces indexed universal life insurance product
Lincoln Financial Group has rolled out an indexed universal life (IUL) insurance offering designed to help clients achieve goals related to wealth protection and legacy planning, tax efficient income or business needs.
Aegon UK makes protection product enhancements
Aegon UK has upgraded its range of protection cover to include improved definitions, an increase in the level of cover and extended age limits.
Sun Life Financial adopts Aon PathWise variable annuity platform
Sun Life Financial has adopted the Aon PathWise variable annuity risk management technology platform in order to boost its operational performance.
Delaware Life Insurance Company rolls out new annuity product
Delaware Life Insurance Company has launched the new Retirement Chapters 10 Fixed Index Annuity.
Accenture: Partnership is key in the digital insurance era
Nearly two-thirds of insurers plan to engage with new digital partners in the insurance industry, according to a recent report by Accenture, Digital Insurance Era: Stretch Your Boundaries.
BCCL to buy Religare’s stake in Aegon Religare Life Insurance
Bennett, Coleman and Company (BCCL) has agreed to buy Religare Enterprises’s 44% stake in life insurance joint venture Aegon Religare Life Insurance.
Timetric: China’s life market begins to open up
China’s life insurance market is beginning to open up and become more innovative – and together with rising disposable incomes and increased awareness of insurance products – this should boost growth in the Chinese life segment.
Rothesay Life to purchase Zurich’s legacy UK annuity business
Zurich UK Life has signed an agreement to transfer its legacy portfolio of immediate annuities to Rothesay Life.
Aetna and Starr Companies launch PMI plans for the Philippines market
US health insurer Aetna and Starr Companies have launched two international private medical insurance products for expatriate and local employees of companies based in the Philippines.
Aviva’s Asia global life CEO spells out region’s insurance opportunities
Insurance growth in Hong Kong is being driven by worries about savings, healthcare and retirement, according to Chris Wei, CEO global life insurance and chairman Asia, at Aviva.
Marsh acquires Sumitomo Life Insurance Agency America
Insurance broker Marsh has acquired Sumitomo Life Insurance Agency America (SLIA).
AXA to raise stake in India's Bharti insurance JVs to 49%
French insurer AXA has reportedly received approval from the Indian government to raise its stake in two local insurance joint ventures with Bharti Enterprises to 49%.
Sun Life Hong Kong makes several senior appointments
Sun Life Hong Kong has made a number of senior executive appointments as part of its new organisational structure.
AIG Life unveils whole of life insurance product
AIG Life – previously known as Ageas Protect – has launched a whole of life insurance product in the UK that comes with access to Best Doctors, a second opinion medical service.
USAA releases insurance app for smartwatches
US-based insurance and banking provider, USAA, has released a smartwatch app for the Apple Watch and Android Wear, which is now available in the Apple Store and through Google Play.
AXA Gulf signs ten-year bancassurance deal with Bank Muscat
AXA Gulf has reportedly inked a ten-year partnership deal with Bank Muscat to provide life insurance and health products to the bank’s customers.