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Saham Finances to acquire majority stake in LIA Insurance By IBR Staff Writer
Morocco based Saham Finances has signed a deal with Bank Audi - Audi Saradar Group to buy 81% of the capital of LIA Insurance for an undisclosed amount.
Life Insurance & Pensions > News
Scottish Re Q1 net income declines By IBR Staff Writer
Scottish Re Group has reported a net income of $17.13m for the first quarter of 2012, compared to $22.38m for the same period in 2011.
Life Insurance & Pensions > News ING US hires new chief risk officer By IBR Staff Writer
ING US, the retirement, insurance and investment management operations of ING Group has appointed Michael Smith as chief risk officer to oversee its enterprise-wide and business-level risk monitoring and management program.
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ING US hires new chief risk officer
15 May 2012 | By IBR Staff Writer
ING US, the retirement, insurance and investment management operations of ING Group has appointed Michael Smith as chief risk officer to oversee its enterprise-wide and business-level risk monitoring and management program.
Life Insurance & Pensions > News
Jackson National Life Insurance picks up PAM accounting system
15 May 2012 | By IBR Staff Writer
Jackson National Life Insurance has inked a deal with Princeton Financial Systems, for the implementation of its PAM for Securities system and PAM InfoHub for investment accounting, which provides easy access to all stored data, helping firms to prepare report easily and efficiently.
Life Insurance & Pensions > News
Macquarie, UOB submit bids to acquire ING Asia arm
15 May 2012 | By IBR Staff Writer
Macquarie Group, Principal Financial Group (PFG) in the US and Singapore based United Overseas Bank have submitted their bids to takeover ING’s Asian asset management business.
Life Insurance & Pensions > News
Allianz Life names new vice president for legal department
14 May 2012 | By IBR Staff Writer
Allianz Life Insurance Company of North America, a part of Allianz group has appointed Mike Fischer as the new vice president within the legal department.
Life Insurance & Pensions > News
Dubai, Samsung Life Insurance to set up insurance partnership
14 May 2012 | By IBR Staff Writer
Dubai is gearing up to form an alliance by signing a memorandum of understanding with South Korea's Samsung Life Insurance.
Life Insurance & Pensions > News
HSBC may exit its Indian insurance venture
11 May 2012 | By IBR Staff Writer
HSBC is planning to exit its insurance joint venture Canara HSBC Oriental Bank of Commerce Life Insurance Company in India, a second foreign company to depart Indian insurance sector.
Life Insurance & Pensions > News
Zurich Insurance Q1 net income surges
11 May 2012 | By IBR Staff Writer
Zurich Insurance has reported a net income of $1.14bn for the first quarter of 2012, compared to $640m for the same period in 2011.
Life Insurance & Pensions > News
Arthur J. Gallagher buys VEBA Service Group
11 May 2012 | By IBR Staff Writer
Illinois-based insurance brokerage Arthur J. Gallagher & Co. (AJG) has completed the purchase of VEBA Service Group, a Spokane-based health reimbursement arrangement (HRA) consulting firm.
Life Insurance & Pensions > News
Aegon reports 59% surge in Q1 net profit
11 May 2012 | By IBR Staff Writer
Dutch insurer Aegon has reported that its net profit for the first quarter of 2012 stood at €521m, with an increase of 59%, compared to a net profit of €327m during the same period a year ago.
Life Insurance & Pensions > News
Allstate sues 18 medical professionals for insurance defraud case
10 May 2012 | By IBR Staff Writer
Allstate Insurance has sued 18 persons to recover more than $796,000, which the company paid to its customer due to forged bills prepared by these people.
Life Insurance & Pensions > News
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