All articles by Verdict Staff

Allianz Life launches two enhanced index allocations

Allianz Life Insurance Company of North America (Allianz Life) has launched two enhanced index allocations, namely Barclays US Dynamic Balance Index, and Russell 2000 Index.

IID approves Athene’s acquisition of Aviva USA

Regulatory authority Iowa Insurance Division (IID) has approved Athene Holding’s acquisition of Aviva USA and its subsidiaries, including Iowa-domiciled Aviva Life and Annuity.

LII 286, August 2013

NYDFS approves Delaware Life purchase of Sun Life Insurance and Annuity

The New York Department of Financial Services (NYDFS) has approved the acquisition of Sun Life Insurance and Annuity Company of New York, a unit of Sun Life Financial Inc., by Delaware Life Holdings LLC.

Manulife sells life insurance operations to CTBC Life in Taiwan

Manulife (International) Limited, a Hong Kong-based provider of insurance products, has signed an agreement to sell its life insurance business in Taiwan to CTBC Life Insurance Co., Ltd. (CTBC Life), a subsidiary of CTBC Financial Holding Co., Ltd.

Great-West Lifeco Q2 net earnings rise 7%

Great-West Lifeco Inc. (Lifeco) has reported net earnings attributable to common shareholders of $521 million, or $0.547 per diluted share, for the second quarter of 2013, an increase of 7% compared to $488 million, or $0.544 per diluted share, for the same quarter of 2012.

MetLife Q2 net income down 79%

MetLife Inc., a US-based life insurer, has reported a net income of $471 million, or $0.43 per share, for the second quarter of 2013, a 79% decrease compared to a net income of $2.26 billion, or $2.12 per share, for the same quarter of 2012.

Meiji Yasuda Life to acquire 15% stake in Thai Life

Japan-based Meiji Yasuda Life Insurance Company has signed a strategic agreement to acquire 15% stake in Thai Life Insurance Public Company Limited.

Great-West Lifeco acquires Irish Life Group for $1.7bn

Canada-based Great-West Lifeco Inc., through its indirect wholly-owned subsidiary Canada Life Limited, has completed the acquisition of Irish Life Group Limited for a total consideration of €1.3bn ($1.7bn).

Allstate to sell life insurance subsidiary to Resolution Life

The Allstate Corporation, a US-based personal lines insurer, has agreed to sell its Lincoln Benefit Life Company (LBL) to Resolution Life Holdings, Inc. for $600m.