All articles by Verdict Staff
Verdict Staff
RGA to provide longevity risk protection to Dutch life insurer Delta Lloyd
Reinsurance Group of America (RGA) has agreed to provide longevity risk protection and capital benefit on reserves of nearly 12bn to Delta Lloyd Levensverzekering, the Dutch life insurance arm of the Delta Lloyd Group.
Fosun considers buying Swiss Re US life insurance business
Fosun International is engaged in talks to purchase Swiss Re’s US life insurance business Aurora National Life Assurance, as part of its global expansion drive.
CNinsure secures court approval to settle class action lawsuit
China-based CNinsure has received final approval from the US District Court for the Southern District of New York to settle a consolidated class action lawsuit against the company.
RGA agrees to acquire Voya’s $104bn insurance portfolio
Reinsurance Group of America (RGA) has signed a deal with Voya Financial to reinsure about $104bn of in-force life insurance.
Legal & General to quit ABI insurance trade body
Legal & General Group (L&G) has decided to quit its membership from the Association of British Insurers (ABI) by 2014 end, saying that a large part of its business falls beyond the trade body’s remit.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Maybank’s Etiqa enters into Singapore’s life insurance market
Malaysia-based Maybank Group has forayed into Singapore with the launch of its insurance business division Etiqa Insurance.
Philippines central bank allows banks to sell life insurance, ULIPs
The Bangko Sentral ng Pilipinas, the central bank of Philippines, has permitted banks to sell life insurance policies as part of day-to-day transactions.
Tata AIG General Insurance introduces three new health insurance plans
India-based Tata AIG General Insurance Company has introduced three new health insurance policies namely MediPlus, MediSenior and MediRaksha.
FCA imposes £8.4m penalty against Stonebridge for mis-selling accident insurance products
The UK Financial Conduct Authority (FCA) has fined Stonebridge International Insurance (Stonebridge) £8,373,600 for mis-selling accident insurance products to customers.
Zurich Insurance Q2 net income increased by 6% to $837m
Zurich Insurance Group (Zurich) has reported net income after tax attributable to shareholders of $837m for the second quarter of 2014, with an increase of 6% compared to $789m during the corresponding period last fiscal.