All articles by Verdict Staff
Verdict Staff
LifeMap Assurance implements Wynsure software as new administrative, claims platform
US-based LifeMap Assurance Company has implemented MphasiS-Wydes Wynsure software as its full policy administration and claims platform for group life, disability, dental insurance and individual products.
RBS completes partial sale of Direct Line Group ordinary shares
The Royal Bank of Scotland Group plc (RBS) has completed the sale of 252.3m ordinary shares in Direct Line Insurance Group plc (Direct Line Group) at a price of GBP2.01 pence per share, raising gross proceeds of GBP507m, assuming the over-allotment is exercised in full.
Phoenix Companies launches new life insurance product
The Phoenix Companies, Inc., a US-based boutique life insurance and annuity company, has launched Phoenix Remembrance Life, a whole life insurance product.
Future Group divests 22.5% stake in Future Generali Life Insurance
Pantaloon Retail (India) Limited has entered into share purchase agreement (SPA) with Industrial Investment Trust Limited (IITL) to sell its part holding in Future Generali India Life Insurance Company Limited (FGILICL) representing 22.5% of the equity share capital of FGILICL in accordance with the terms and conditions of the SPA.
Prudential appoints new non-executive director
Prudential plc, a UK-based life insurer, has appointed Anthony John Liddell Nightingale as its new independent non-executive director and member of the remuneration committee, effective 1 June 2013.
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MassMutual makes management changes
Massachusetts Mutual Life Insurance Company (MassMutual) has announced two promotions, including one in its IT department.
The Standard launches new IDI insurance product for middle-income earners
Standard Insurance Company (The Standard), a US-based life insurer, has launched its newest Individual Disability Income (IDI) insurance product, Protector Essential, which is designed to meet the income protection needs of middle-income earners.
Aviva Life Insurance launches new endowment plan
India-based Aviva Life Insurance has launched a new traditional endowment plan, Aviva Wealth Builder, which guarantees double the premiums paid on maturity.
New York Life to Hire More than 3,700 Financial Representatives in 2013 with Special Focus on Women and Cultural Markets
New York Life announced that the company hired 3,597 full-time agents last year, continuing its strong trend of hiring over the past several years.
Desjardins Financial Security maintained overall business growth across Canada and recorded net income of $217.0M as at December 31, 2012
For the year ended December 31, 2012, Desjardins Financial Security (DFS), a subsidiary of Desjardins Group, specializing in life and health insurance and retirement savings, posted a 5.0% increase in insurance premiums, which totalled $3.2B.