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Saham Finances to acquire majority stake in LIA Insurance
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
Life Insurance & Pensions > News
Scottish Re Q1 net income declines
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
Life Insurance & Pensions > News
ING US hires new chief risk officer
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
Life Insurance & Pensions > News
Jackson National Life Insurance picks up PAM accounting system
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
Life Insurance & Pensions > News
Macquarie, UOB submit bids to acquire ING Asia arm
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
Life Insurance & Pensions > News
Allianz Life names new vice president for legal department
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
Life Insurance & Pensions > News
Dubai, Samsung Life Insurance to set up insurance partnership
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
Life Insurance & Pensions > News
HSBC may exit its Indian insurance venture
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
Life Insurance & Pensions > News
Zurich Insurance Q1 net income surges
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
Life Insurance & Pensions > News
Arthur J. Gallagher buys VEBA Service Group
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
Life Insurance & Pensions > News
Aegon reports 59% surge in Q1 net profit
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
Life Insurance & Pensions > News
Allstate sues 18 medical professionals for insurance defraud case
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
Life Insurance & Pensions > News
Shenandoah Life exits receivership
Shenandoah Life Insurance Co has successfully exited receivership, following a $60m capital infusion.
Life Insurance & Pensions > News
Life Insurance & Pensions > News
National Western Life Insurance Q1 revenue grew 9%
US based life insurer National Western Life Insurance Company reported that its revenue rose by 9% to $196.7m for the first quarter in 2012, compared to revenue of $180.37m during the same quarter previous year.
Life Insurance & Pensions > News
Life Insurance & Pensions > News
Wells Fargo Insurance appoints senior executive of North Carolina operations
Wells Fargo Insurance has selected Michael Murray as senior vice president and managing director for its Charlotte, North Carolina operations, as well as operations in Winston Salem, NC. and Greenville and Columbia, South Carolina, US.
Life Insurance & Pensions > News
Life Insurance & Pensions > News