Clik here to view.
IRDA, may face battle with pension regulator
IRDA has won its battle with the market regulator Sebi, over ULIPs or the unit linked investment plans. The insurance regulator is in for another battle, this time with the pension regulator. PFRDA or...
View ArticleClik here to view.
GenworthUnum is to be subpoenaed by Cuomo as probe in Life-Insurer fraud...
Genworth Financial Inc, Unum Group and an insurer bought by France’s Axa SA have been subpoenaed by New York Attorney General Andrew Cuomo as the state tries to probe deeper into the matter of a life-...
View ArticleClik here to view.
Insurance companies will come up with norms for public offer very soon
To the relief of health insurance policy-holders, insurance companies of public sector have announced that patients will get cashless treatment in all hospitals for emergency and trauma cases.read more
View ArticleClik here to view.
Amerigroup expects profit to be up 35%
Health insurance-related company, Amerigroup Corp has said that it is expecting to see a 35 per cent jump in its second-quarter profit. This has happened because of the gains that the insurer has seen...
View ArticleClik here to view.
IPO's norms for insurance players
Finally the Indian Insurance companies can dilute their stake or issue fresh shares for their expansion purposes. As the norms, for public offer of shares will be, issued very soon by the government....
View ArticleClik here to view.
Prudential trims botched AIA bid cost
Prudential PLC has informed that it has decided to cut the cost of the AIG takeover bid. However the firm bid for the takeover of AIG Inc.'s Asian unit has been failed. The firm has posted a very...
View ArticleClik here to view.
RSA jostling to Crack Aviva
The Chief Executive Andy Haste of RSA is determined, but his £5 billion proffer for many of the opponent Aviva's general insurance business was all the time a long shot. Mr. Haste's longing to raise...
View ArticleClik here to view.
Rejection of RSA’s offer by Aviva irks its shareholders
Aviva declined the offer made by Royal London Asset Management and Standard Life Company together the previous month and failed to inform them even though its shares are keeping low in the market.read...
View ArticleClik here to view.
RSA's Aviva bid
RSA's tactic for Aviva demonstrates the insurers are gazing for conquest deals at home given that Prudential's botched the proffer for Asia's AIA tantrum gusto for perilous abroad attainment. That...
View ArticleClik here to view.
Insurer Resolution gazes new deals
British insurance buyout vehicle Resolution said that it would chase further acquisitions, as the takeover of Friends Provident made it swing to a half-year profit. The world's leading insurers are...
View ArticleClik here to view.
AIG repays $4 billion of bailout debt
American International Group announced Monday that it had made use of $4 billion from a recent debt sale to reimburse the U. S. government, indicating the distinct largest cash reimbursement so far...
View ArticleClik here to view.
Zurich Insurance fined with 2.3 million pounds over data loss of its customers
The UK operations of the insurer Zurich Insurance has been fined with 2.3 million pounds because of losing vital personal details of its 46,000 customers. This fine amount has been ordered by the...
View ArticleClik here to view.
Insurance firm Admiral Group has seen a record profit of 127 million pounds
The car insurance firm Admiral Group has reported a record pre-tax profit of nearly 127 million pounds in the first six months of this year. The profit of the first six months of this year has...
View ArticleClik here to view.
Standard Life has announced to cut 500 jobs
The insurance Goliath Standard Life has declared to slash 500 jobs in next 15 months. The Edinburgh pedestal firm is phasing out 600 existing jobs and it has also decided to craft 100 new-fangled posts...
View ArticleClik here to view.
AP poll found that health insurance reform does only so much
The Stanford University and the Robert Wood Johnson Foundation jointly conducted an AP poll and found that the majority of Americans expect more from Obama’s health care bill. The reform to make health...
View ArticleClik here to view.
Life insurance companies have raised their mortality charges
Life insurance companies are doing unethical deeds which are being overlooked by the insurance regulator From 1 September several of the life insurance firms have increased their mortality charges...
View ArticleClik here to view.
Regulator urges Insurance firms to simplify products
The regulator of the insurance sector, Regulatory and Development Authority (IRDA) has urged insurance firms to offer consumer friendly products and simply their policy documents in order to attract...
View ArticleClik here to view.
ABI studies alleged gender discrimination in insurance
The Association of British Insurers said on Thursday that it will study the text of a legal opinion on alleged gender discrimination in the pricing of insurance products. He warned the clients at the...
View ArticleClik here to view.
Childlike behavior neglects realities of insurance for children
Kentucky’s Insurance Commisioner has lately voiced an opinion that any 2-year-old who are denied its toy would feel envious since the health insurers have decided not to issue new “child-only” policies...
View ArticleClik here to view.
Pension Plus plan of LIC is a low premium one
The insurance firms are not commencing pension plans in the market after the insurance regulator IRDA has come up with rules regarding unit plus linked (Ulips). One of the major factors for this is the...
View ArticleSingapore's largest life insurer owner profit slips 7% in Q1
OCBC Bank, owner of Singapore's largest life insurer, registered a lower profit in the very first quarter as trading as well as investment income dropped down while the expenses rose. The profit came...
View ArticleClik here to view.
Manulife to increase agent base by 100%
It has been announced by the Canadian insurer, Manulife that it is going to double the headcount of its number of agents and financial advisers by 2014. This is part of the company's idea to expand...
View ArticleClik here to view.
New China Life Insurance raises US$1.9bn from IPO
New China Life Insurance Co. raised HK$14.7 billion (US$1.9bn) from its initial public offering (IPO) at the Shanghai and Hong Kong stock exchanges. The Chinese insurer sold 358.42 million shares in...
View ArticleClik here to view.
China Life issues profit warning; shares slip
Shares of China Life Insurance Co. slipped the most in a week yesterday after the country's biggest insurer issued a full-year profit warning.read more
View ArticleClik here to view.
L&G and Patron acquire Cala for £210m
Insurer Legal & General (L&G) and private equity group Patron Capital Partners have agreed to buy Lloyds Banking Group's Edinburgh-based house-builder Cala business. Each of L&G and Patron...
View Article
