All articles by Verdict Staff

AIG signs agreement to buy UK’s Ageas Protect for £181m

American International Group (AIG) has signed a deal to buy Ageas Protect, a UK life protection carrier from Ageas Group, in a deal valued at approximately £181m ($305m).

Legal & General in talks to clinch first bulk annuity deal outside UK

British insurer Legal & General is reportedly in talks with North American and European companie over probable multi-billion pound pension insurance deals.

HDFC Life rolls out Click2Protect Plus insurance policy

Indian insurer HDFC Life has unveiled Click2Protect Plus, a traditional, non-participating pure term insurance plan.

UK’s online life insurer Beagle Street taps Sabio’s web chat solution

Beagle Street, UK-based online life insurer, has implemented a web chat solution from Sabio to further optimize its digital customer experience.

CNA divests Continental Assurance Company to Wilton Re

CNA Financial (CNA) wrapped up the previously announced divestiture of its life and group insurance business, Continental Assurance Company (CAC), to a subsidiary of Wilton Re Holdings.

Ladenburg Thalmann Financial purchases Highland Capital Brokerage

Ladenburg Thalmann Financial Services has acquired Highland Capital Brokerage, an independent insurance brokerage company, in a transaction valued at approximately $42m in a grouping of cash and share.

LII 298, August 2014

Hanover Insurance Group Q2 net income rose to $82.6m

Hanover Insurance Group reported net income of $82.6m or $1.84 per share for the second quarter of 2014, compared to $53.4m or $1.19 per share, during the same period a year ago.

Optimum Re Insurance buys reinsurance portfolio from Munich American Reassurance

Optimum Re Insurance Company acquired a reinsurance portfolio of 115 client insurers from Munich American Reassurance Company.

Allianz Life of New York debuts new index variable annuity

Allianz Life Insurance Company of New York debuts a new index variable annuity (IVA), known as Allianz Index Advantage New York Variable Annuity, to offer balance with potential growth and protection.