A Timetric briefing service

News Archive

Archive of industry news from the global life insurance industry

News By Date

September 2014

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Allianz Life unveils fixed index universal life insurance policy
19 September 2014 Allianz Life Insurance Company of North America has rolled out Allianz Life Pro+ Survivor fixed index universal life insurance policy, that offers cost-effective death benefit protection for two lives and cash value accumulation.

Pacific Life unveils new fixed, deferred income annuity
18 September 2014 Pacific Life has rolled out its latest fixed, deferred income annuity, Pacific Secure Income, designed to offer guaranteed income for the future.

Exide Life Insurance rolls out new life product Assured Gain Plus
17 September 2014 Exide Life Insurance, formerly ING Vysya Life Insurance, has released its new traditional insurance Assured Gain Plus, designed to provide guaranteed benefits and returns on investment.

Prudential to acquire Kenyan life insurer Shield Assurance
17 September 2014 The British insurer Prudential has agreed to acquire Shield Assurance, a Kenyan life insurance company, in a bid to strengthen its presence in Africa.

BMO Insurance unveils two new simplified insurance policies
16 September 2014 Canadian underwriter BMO Insurance has rolled out two new insurance policies, insureNOW and insureNOW Plus, designed for young individuals.

Chubb to offer security services to personal insurance customers
15 September 2014 Chubb Group of Insurance Companies has started offering various types of enhanced security services through Ackerman to personal insurance customers.

SunLife plans to provide simplified life insurance policies through advisers
12 September 2014 Canada-based life insurance company SunLife is reportedly planning to provide its simplified life insurance policies through advisers.

Prudential adds news features to insurance policy PruLife Custom Premier II
11 September 2014 Prudential Individual Life Insurance has integrated an array of features to its variable universal life (VUL) insurance product, PruLife Custom Premier II, to deliver more living benefits.

Reliance Life rolls out fixed savings endowment insurance plan
09 September 2014 Reliance Life Insurance Company, a part of Reliance Capital, has rolled out its latest endowment insurance plan designed to provide fixed returns.

American Equity launches new annuity products
05 September 2014 American Equity Investment Life Insurance has launched a new crediting method and lifetime income benefit payouts.

September is Life Insurance Awareness Month in the US
04 September 2014 According to the industry research group LIMRA, 95 million adult Americans have no life insurance whatsoever. To remind Americans of the need to include life insurance in their financial plans, the nonprofit LIFE Foundation coordinates Life Insurance Awareness Month (LIAM). Each September, LIFE is joined in this educational initiative by more than 100 of insurers and industry groups.

Fidelity & Guaranty Life rolls out new annuity product
04 September 2014 Fidelity & Guaranty Life Insurance has rolled out a new annuity product, Income and WealthBuilder, as part of its objective to meet the needs of retirement savers.

Manulife to buy Standard Life's Canadian operations for $4bn
04 September 2014 Manulife is set to buy Canadian operations of Standard Life in a transaction valued at around $4bn.

Great-West concludes takeover of JP Morgan Retirement Plan Services
03 September 2014 Great-West Financial, a US subsidiary of Great-West Lifeco, has concluded the takeover of recordkeeping business JP Morgan Retirement Plan Services.

China NDRC imposes $18m fine on 22 insurers for price-fixing
03 September 2014 The National Development and Reform Commission (NDRC), a Chinese antitrust authority, has imposed a monetary penalty totaling CNY110m ($18m) against 22 insurance companies in a bid to crack price-fixing cartel.

Siam considers offloading 25% stake in SCB Life Assurance
03 September 2014 Thai lender Siam Commercial Bank is negotiating with potential buyers to dispose of approximately 25% stake in its life insurance business, SCB Life Assurance.

China Pacific Insurance to partner with Allianz
02 September 2014 China Pacific Insurance is reportedly planning to establish an insurance joint venture (JV) with Germany-based insurer Allianz with plans to formally commence operations in the first half of 2015.

Peter Hancock assumes role of president, CEO at AIG
02 September 2014 American International Group announced that Peter Hancock has assumed the role of president and CEO of AIG and also joined its board of directors.

Helvetia completes acquisition of Basler Austria
01 September 2014 Switzerland-based insurer Helvetia has completed the previously announced acquisition of Basler Versicherungs-Aktiengesellschaft in Austria, in a transaction valued at approximately €130m.

Sun Life Financial unveils new data analytics decision-support tool
01 September 2014 Sun Life Financial has rolled out a new data analytics decision-support tool that has been designed to deliver demographic benefit analysis, customized to each workplace.

August 2014

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Aflac Japan to launch exclusive cancer insurance policy for Japan Post and Kampo
29 August 2014 Aflac Japan will roll out a cancer insurance product exclusively for Japan Post Co and Kampo (Japan Post Insurance) on 1 October 2014.