All articles by Verdict Staff
Verdict Staff
ACE Life in Asia Pacific appoints new regional chief partnership officer
ACE Life, the global life insurance unit of ACE Group, has appointed Graeme Pearson as regional chief partnership officer in Asia Pacific, effective 24 March 2014.
Orix considers acquisition of Hartford Life Insurance K.K.
Financial services firm Orix has confirmed that it is considering to buy Hartford Life Insurance K.K., although no decision has been made at this point.
Life Partners wins SECs fraud claims case
Life Partners has cleared all allegations of fraud alleged by the Securities and Exchange Commission (SEC) after an Austin Federal Court passed a ruling that the commission could not prove any of the claims against the insurer and its executives.
SBI Life to challenge IRDAs order to refund premiums
SBI Life Insurance is planning to appeal against Insurance Regulatory and Development Authority (IRDA) order asking the insurer to refund INR2.75bn ($44.9m) of policy amount collected in violation of norms.
ACE Life Insurance appoints new country president in Hong Kong
ACE Life Insurance Company (ACE Life in Hong Kong), part of the ACE Group of Companies, has appointed Allan Lam as the country president, to replace Anthony Mak who will step down in late March 2014.
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Guardian Life launches Money Management for Life program for students
The Guardian Life Insurance Company of America has launched Money Management for Life program, as part of the companys commitment towards financial literacy.
Security Plan Life completes acquisition of Magnolia Guaranty Life Insurance
Security Plan Life, a subsidiary of Citizens Insurance Company, has announced the completion of the acquisition of Mississippi-based Magnolia Guaranty Life Insurance Company.
Zurich Insurance to cut about 800 jobs globally
Zurich Insurance Group will cut nearly 800 jobs across its global operations, as part of its plan to slash operational cost and return to profitability.
Germany’s finance ministry considers new measures to support life insurers
Germany’s finance ministry is considering new measures to support life insurance companies that are struggling to give guaranteed returns due to low interest rates.
HDFC Standard, Birla Life compete to purchase Aviva Life
HDFC Standard Life and Birla Sun Life are among the six insurance firms, who are competing to acquire Aviva Life, a joint venture between UK’s Aviva and Dabur group in India.