All articles by Verdict Staff

News digest

Long-term care cover a must-have in the US… Malaysians remain investment orientated… Asian insurers on IT spending spree…

News Digest

The Hartford gets a $2.5 billion boost… SWIFT to power reinsurance platform… Life-Exchange brims with optimism…

Eureko faces conflict in Poland

News Digest

US group business disappoints… Protective goes online… Analysts back global expansion by insurers…

News Briefs

Great Eastern gets Vietnam go-ahead… War rages in US term life sector… Aon snaps up Gallagher Re..

News Digest

US retirement security takes a big hit… Sun Life talks up its growth prospects… UK consumers throw caution to the wind…

News Briefs

US annuity sales set new record… Prudential Financial scoops prestigious award…

Go-ahead for Aviva reattribution

After two failed attempts and 18 months of negotiations, UK insurer Aviva has been given the go ahead by policyholder advocate Clare Spottiswoode to proceed with a reattribution offer to the one million policyholders in two of its Norwich Union Life units with-profits funds Under the offer, policyholders in Norwich Unions CGNU Life and CULAC funds will be able to choose whether to receive a cash payment in return for giving up their right to receive any possible future payouts from the funds inherited estates or to stay as they are In essence the inherited estate represents funds surplus to realistic liabilities.

News Digest

Baloise and Gothaer to merge German units… Streamlining broker account reconciliation… Insurers urged to market online…

News Digest

Aviva extends Italian reach with UAV… Price comparison websites under fire… Honesty is the best policy…