All articles by Verdict Staff
Verdict Staff
Standard Life contemplates increasing shareholding in HDFC Life
British insurance firm Standard Life begun discussions with HDFC, India-based mortgage lender, to increase its shareholding in HDFC Life from current 26% to 35-36%.
ACE Life names new chief agency officer for Hong Kong
ACE Life, the global life insurance division of ACE Group, has named Jeffrey Woo as its new chief agency officer, as well as a member of the executive committee, in Hong Kong.
Carige in exclusive discussion with Apollo to sell insurance businesses
Banca Carige has been reportedly engaged in exclusive negotiations with Apollo Management Holdings, a US investment fund, to divest its two insurance businesses – Carige Vita Nuova and Carige Assicurazioni.
Fringe Benefit Group purchases The American Worker Plans
Fringe Benefit Group has purchased The American Worker Plans (TAWP) from American Westbrook Insurance Services for an undisclosed sum.
Indian cabinet clears deck for 49% FDI in insurance sector
The Indian Cabinet has approved 49% foreign direct investment (FDI) in the insurance sector, up from the current limit of 26%, in a bid to drive more investment.
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Skandia partners with JLT to unveil universal life product
Skandia International has teamed up with Jardine Lloyd Thompson (JLT) Asia to roll out a variable universal life product for HNW client.
About 70% Canadians not sure about their life insurance coverage: BMO research
About 70% of Canadians are not sure whether their life insurance policy will offer enough money to support their near and dear ones in case of death, according to a BMO study.
Great-West Life launches voluntary retirement savings plan for Quebec businesses
Canadian insurer Great-West Life has released a simple offering for Quebec’s voluntary retirement savings plan (VRSP) offering retirement planning solutions for the residents of the province.
Kotak Life Insurance unveils new assured income accelerator
Kotak Mahindra Old Mutual Life Insurance (Kotak Life Insurance) has rolled out a new policy that factors in the rapidly growing cost of living by paying an increasing annual guaranteed income during the payout phase.
Guardian rolls out new fixed deferred annuity with flexible renewal
The Guardian Insurance & Annuity Company (GIAC), a wholly-owned subsidiary of The Guardian Life Insurance Company of America (Guardian), has unveiled its new fixed deferred annuity featuring flexible renewal and withdrawal options.