All articles by Verdict Staff
Verdict Staff
New York Life Agents Produce Record Sales in 2012
New York Life, Americas largest mutual life insurance company, enjoyed another year of record sales through its primary distribution channel of 12,250 agents across the United States in 2012.
Protective Life introduces Protective Indexed Annuity
Protective Life Insurance Company has introduced Protective Indexed Annuity, which includes withdrawal charge schedules and three interest crediting strategies to help customers grow contract value over time.
Americans Proactively Managing Risk in Long-Term Financial Security Planning
Americans continue to proactively plan to mitigate the impact of risks on their long-term financial security, as evidenced by the demand for Northwestern Mutual’s life, disability and long-term care risk solutions.
Lockton Retirement Services Dallas Clients Receive Eddy Awards from Pensions & Investments
Two clients of the Lockton Retirement Services, in collaboration with their recordkeeping partners, recently received prestigious Eddy Awards by Pensions & Investments Magazine.
Royal London to buy Co-operatives life insurance, asset management businesses
Royal London, a UK-based mutual life and pensions company, has entered into a binding agreement to buy The Co-operative Banking Groups life insurance business, Co-operative Insurance Society (CIS), and asset management business, The Co-operative Asset Management (TCAM), for GBP219m.
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Great-West Financial’s life insurance sales through banks break industry record by 9%
Great-West Financial achieved nearly $465 million in life insurance sales through banks in 2012 breaking the previous industry record of $426 million set in 2011.
GWG Life receives viatical settlement provider license in Florida
GWG Life Settlements, LLC, a wholly owned subsidiary of GWG Holdings, Inc. has received a viatical settlement provider license from the Florida Office of Insurance Regulation (FLOIR) to allow the purchase of life insurance policies in the secondary market directly from owners residing in the state.
Jubilee Life WinsPutting The Consumers First Award for CSRV
Jubilee Life won the Putting the Consumers First award for Corporate Social Responsibility (CSR) at the 7th National Awards ceremony organized by HelpLine Trust at a local hotel in Karachi.
Swiss Life posts 26% increase in profit from operations to CHF 993 million with net profit after one-off effects of CHF 93 million.
In the 2012 financial year, Swiss Life increased its profit from operations adjusted for one-off effects by 26% from CHF 788 million to CHF 993 million, thanks to further operational improvements and an excellent investment result. One-off effects, in particular as a result of the impairment in the value of AWDs intangible assets of CHF 578 million, led to reported net profit of CHF 93 million (2011: CHF 606 million).
New York Life names CFO
New York Life Insurance Company has named John Fleurant as its executive vice president and CFO, effective 1 July 2013, succeeding Michael Sproule.