Latest Insurance News

Life Insurance

05 Feb 2012 19:47:12

Birla Sun Life insurance - Rainbow: A good savings product, but insurance's ... - Economic Times


Newsolio (blog)


Economic Times
Birla Sun Life Insurance - Rainbow is a single premium insurance plan with guaranteed returns at the end of the policy term. The guaranteed returns are determined by the premium amount chosen by the policyholder, age at the time of policy purchase and ...
05 Feb 2012 18:57:30

A.M. Best Upgrades Ratings of Cigna Life Insurance Company of Europe SA-N.V. - Insurance News Net (press release)




Insurance News Net (press release)
AM Best Europe – Rating Services Limited has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit rating to “a” from “a-” of Cigna Life Insurance Company of Europe SA-NV . (CLICE) ( Belgium ).

05 Feb 2012 18:38:35

Little to bank on with insurance industry stocks, analysts predict - Globe and Mail



Globe and Mail


Globe and Mail
Canada's life insurance companies are about to begin reporting quarterly results, an occasion that in recent years has been marked by big losses and unpleasant surprises. Analysts are forecasting further losses for both Manulife Financial Corp.

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05 Feb 2012 18:02:15

Life Insurance must do some introspection for industry's sustainable growth - Economic Times



Economic Times
In the case of the life insurance sector, the value proposition offered to customers is an aggregate of aspects such as the quantum of protection offered, addressing the long term financial goals by enabling long term wealth creation and finally, ...
05 Feb 2012 11:24:20

Asian Life recovers Rs 42.5m dividends from shareholders - Himalayan Times



Himalayan Times
KATHMANDU: Asian Life Insurance, has recovered 95 per cent of the dividend that it had distributed, within the deadline set by the regulator. The company has fallen short of recovering about Rs 2.5 million from shareholders, who have already cashed the ...
05 Feb 2012 07:01:05

Broker BB&T to buy Crump operations - Business Insurance



Business Insurance
“This is an opportunity for BB&T to become a significant and strategic player in the high-growth, high-margin life insurance distribution business and expand our property and casualty business.” John Howard, president and CEO of Crump, will join BB&T ...
05 Feb 2012 03:25:28

Insurance policies may soon be available in demat form - NDTV


Zee News


NDTV
India would probably be the first country in the world to undertake such a huge exercise to transform physical insurance policy certificates into electronic form. In fact, life insurance policies are the only major retail financial product that are ...
03 Feb 2012 08:20:06

BB&T to Buy Crump Units for $570 Million to Build Life-Insurance Business - Bloomberg


Bloomberg


Bloomberg
(BBT), the ninth-largest US bank by deposits, agreed to buy insurance units of Crump Group Inc. for $570 million to expand distribution of life coverage. The deal would make BB&T the nation's largest independent wholesale life insurance distributor and ...
02 Feb 2012 16:32:42

Genworth Financial Swings to a Profit as Mortgage-Insurance Unit Improves - Bloomberg


Proactive Investors Australia


Bloomberg
(KIX) US Mortgage Business The US mortgage-insurance segment's loss narrowed to $94 million in the fourth quarter from $352 million a year earlier, the company said. US life insurance posted a $114 million profit. “Fourth-quarter earnings improved from ...
02 Feb 2012 15:42:23

Prudential settles with insurance regulators over death benefit practices - The Star-Ledger - NJ.com


Los Angeles Times


The Star-Ledger - NJ.com
State insurance regulators including New Jersey's Department of Banking and Insurance have reached a settlement with Prudential Financial over its handling of death benefits from life insurance policies. As part of the agreement, the nation's ...