All articles by Verdict Staff
Verdict Staff
FSC approves CTBC’s purchase of Taiwan Life Insurance
Financial Supervisory Commission (FSC) has approved the CTBC Financial Holdings US$890 million acquisition of Taiwan Life Insurance.
Reliance Life launches new online life cover plan
Reliance Life Insurance Company (RLIC), a part of Reliance Capital, has launched a new online life cover plan called, Reliance Online Term.
Crown Global enters into new reinsurance treaty
Crown Global Insurance has signed a new reinsurance treaty with a major reinsurance company, under which Crown Global will receive up to $40m of additional reinsurance capacity per insured life.
Aviva to restructure life JVs in Italy
Aviva has signed agreements with UBI Banca and UniCredit to restructure its life joint ventures in Italy.
Belarus allows voluntary life insurance agreements with foreign-owned firms
Belarus has reportedly amended legislation regulating insurance industry to allow insurance firms regardless of their ownership to sign voluntary life insurance agreements with the countrys citizens.
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Insurance broker unveils new life insurance enrollment platform
Employee benefit broker and Voluntary Benefits of America founder Tom Smith has unveiled a new EnrollForLife platform to provide life insurance through age 100+ and solve the long term care difficulty.
Aviva to offload 47% stake in South Korean Woori Aviva Life
UK-based Aviva has reached an agreement to divest its total 47% shareholding in its South Korean business Woori Aviva Life Insurance (WALI) to NongHyup Financial Group (NHFG), for an undisclosed sum.
IRDA fines Reliance Life Insurance over violation of norms
The Insurance Regulatory and Development Authority (IRDA) in India has slapped a series of penalties of INR17.7m ($292,311) on Reliance Life Insurance for breach of sectoral rules.
IGI Insurance acquires controlling stake in ALICO Pakistan
Pakistan-based general insurance firm IGI Insurance has purchased a controlling stake in American Life Insurance (Pakistan).
Guardian agrees to purchase Premier Access Insurance
The Guardian Life Insurance Company of America (Guardian) has agreed to purchase Premier Access Insurance Company, for an undisclosed sum.