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Life Insurance & Pensions News

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16-30 of 1676 results
AXA to transform Swiss group life business to semi-autonomous model
By IBR Staff Writer
French insurer AXA is planning to restructure its Swiss unit into a semi-autonomous model from a full-value insurance model by the end of this year.
Life Insurance & Pensions > News
Prudential Financial acquires minority stake in Peak Re
By IBR Staff Writer
Prudential Financial has completed the acquisition of a 13.1% stake in Peak Reinsurance Holdings, the sole shareholder of Hong Kong-based Peak Reinsurance Company.
Life Insurance & Pensions > News
Atidot raises $5m to bring big data and predictive analytics to life insurers
Atidot has raised $5m in Series A funding round, which was led by Vertex Ventures with the participation of existing investors The D.E. Shaw Group, Moneta Seeds, and Bank Hapoalim.
Life Insurance & Pensions > News
B3i Services to commercialize blockchain solutions for re/insurance
By IBR Staff Writer
The Blockchain Insurance Industry Initiative (B3i) founders have formed a startup to offer insurance solutions on a blockchain platform that improves efficiency across the value chain of the re/insurance industry.
Life Insurance & Pensions > News
FCCI Insurance selects Guidewire's solution to replace manual underwriting processes
Commercial property and casualty (P&C) provider FCCI Insurance Group has selected Guidewire Software’s Underwriting Management as its new cloud-based underwriting workstation for its commercial line of business.
Life Insurance & Pensions > News
Elliott and Wand Partners to buy Prosperity Life Insurance
By IBR Staff Writer
An investor group including hedge fund manager Elliott Management and insurance-focused private investment company Wand Partners have agreed to acquire Prosperity Life Insurance Group from its current majority shareholders, including funds managed by Reservoir Capital Group and Black Diamond Capital Partners.
Life Insurance & Pensions > News
Prudential to sell £12bn of UK annuity portfolio to Rothesay Life
By IBR Staff Writer
British multinational life insurance and financial services firm Prudential has agreed to divest £12bn of UK annuity portfolio, covering 400,000 policyholders, to Rothesay Life.
Life Insurance & Pensions > News
Centerbridge-led consortium completes $952m acquisition of Canopius
By IBR Staff Writer
A private equity consortium led by Centerbridge Partners has completed the $952m acquisition of Canopius from Sompo Holdings.
Life Insurance & Pensions > News
Sanlam to buy remaining stake in Saham's insurance business for $1.05bn
By IBR Staff Writer
South African financial services group Sanlam will acquire the remaining 53.37% stake in Saham Group's insurance business for $1.05bn.
Life Insurance & Pensions > News
FICO Cybersecurity Insurance Dashboard offers underwriters modeling and analysis tools
FICO announced that the FICO Enterprise Security Score is the first cybersecurity rating to include powerful risk assessment and modeling capabilities to help insurers make better underwriting, pricing and portfolio decisions, and meet profitability targets for their cyber book of business.
Life Insurance & Pensions > News
MassMutual to sell majority stake in Japanese subsidiary to Nippon Life
By IBR Staff Writer
MassMutual International has agreed to sell 85.1% stake in it is Japanese subsidiary, MassMutual Japan, to Nippon Life for JPY104.2bn ($935m).
Life Insurance & Pensions > News
Asta Capital completes sale of Pelican Underwriting to MUM
Asta, a third party managing agent at Lloyd’s, has sold its managing general agent (MGA) Pelican Underwriting One Limited (Pelican), which trades as Pelican Underwriting, to Manchester Underwriting Management (MUM).
Life Insurance & Pensions > News
CBL Insurance Europe goes into administration
By IBR Staff Writer
The Central Bank of Ireland has appointed an administrator to CBL Insurance Europe dac (CBLIE) to avoid a disorderly failure of the company.
Life Insurance & Pensions > News
Y-Risk to offer cyber and technology E&O insurance
Specialty underwriting management company Y-Risk has been approved as a Lloyd’s coverholder to provide cyber and technology E&O insurance.
Life Insurance & Pensions > News
Zurich to buy QBE’s Latin American operations for $409m
By IBR Staff Writer
Zurich Insurance Group has agreed to acquire the Latin American operations of QBE Insurance Group (QBE) for $409m.
Life Insurance & Pensions > News
16-30 of 1676 results