All articles by Verdict Staff
Verdict Staff
A stable growth path ahead for Canadas life insurance market
Despite increased uncertainty and high competition, the growth of the Canadian life insurance sector will remain stable, with a projected CAGR of 3.8% in the next few years, according to the report Life Insurance in Canada, Key Trends and Opportunities to 2016, available at the Insurance Intelligence Center.
Foresters launches new whole life insurance product
Canada-based The Independent Order of Foresters has launched Familylife, a new whole life insurance product designed to provide families with permanent insurance options tailored to their budget and protection needs.
Prudential appoints new CEO for UK, Europe
Prudential plc, a UK-based life insurer, has appointed Jackie Hunt as CEO for its Prudential UK and Europe.
Aviva completes settlement with Bankia
Aviva plc, a UK-based life insurer, has received EUR 608m in cash from Bankia SA following settlement and transfer of its entire holding in Spanish joint venture Aseval Consultora De Pensiones Y Seguros, SL to Bankia.
Prudential Individual Life names EVPs for marketing, distribution
Prudential Individual Life Insurance, a business of Prudential Financial, Inc., has named Mark Hug as executive vice president of product and marketing.
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Settlers Life appoints new advertising coordinator
US-based Settlers Life Insurance Company has appointed Jennifer Gryder as its new advertising coordinator to their marketing team.
Life Insurance in Venezuela – Balancing growth opportunities with regulatory uncertainty
The life insurance segment accounts only for a 3.5% share of the Venezuelan insurance industry offering huge potential for market players that can endure the tight local regulatory environment, according to the report Life Insurance in Venezuela, Key Trends and Opportunities to 2016, available on the Insurance Intelligence Center.
The relatively low life insurance penetration of the US continues to attract global players
With 31 million Americans not covered by life insurance products and a rising life expectancy, the US life insurance market still offers good opportunities for growth according to the report Life Insurance in the US, Key Trends and Opportunities to 2016, available on the Insurance Intelligence Center.
SURA Asset Management to acquire life insurance business of Grupo Valores Monterrey
SURA Asset Management, a subsidiary of Grupo SURA, has signed a contract of sale with Grupo Valores Monterrey to acquire its life insurance subsidiary Primero Seguros Vida SA, in México.
Manulife announces agency promotions
Manulife (International) Limited has announced the promotion of the following senior agency executives: Johnny Chan has been promoted to Senior Regional Director. Chan joined Manulife in 2009 and has achieved remarkable results both in sales and recruitment.