All articles by Verdict Staff
Verdict Staff
Prudential adds news features to insurance policy PruLife Custom Premier II
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
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
American Equity Investment Life Insurance has launched a new crediting method and lifetime income benefit payouts.
Manulife to buy Standard Life’s Canadian operations for $4bn
Manulife is set to buy Canadian operations of Standard Life in a transaction valued at around $4bn.
Fidelity & Guaranty Life rolls out new annuity product
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.
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Great-West concludes takeover of JP Morgan Retirement Plan Services
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
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
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
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
American International Group announced that Peter Hancock has assumed the role of president and CEO of AIG and also joined its board of directors.