All articles by Verdict Staff
Verdict Staff
Standard Life keen to increase stake in HDFC Life to 35%
UK-based Standard Life is reportedly keen to increase the stake in its Indian life insurance joint venture (JV) HDFC Life to 35% from the existing 26%.
Fidelity & Guaranty Life introduces modified single premium annuity
Fidelity & Guaranty Life, a provider of fixed indexed annuities (FIA) and fixed indexed universal life products, has introduced an annuity offering designed to provide income payments for retirees.
Brazil’s Caixa plans to hold IPO for insurance subsidiary
Caixa Economica Federal, Brazil’s state owned bank, is planning to divest as much as 25% of its insurance subsidiary through an initial public offering (IPO).
Meiji Yasuda signs agreement to acquire StanCorp for $5bn
Tokyo-headquartered Meiji Yasuda Life Insurance Company has entered into a definitive agreement to acquire all outstanding shares of StanCorp (The Standard) for $115 per share in cash.
IPMI focus: Thinking beyond borders
Andy Seale, regional general manager, UK, Middle East, Italy and Scandinavia at Allianz Worldwide Care, discusses the factors to consider for international employers, intermediaries and staff when entering overseas markets, as well as the importance of choosing a trusted insurance provider
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Join up to improve the claims process
Simon Penny, head of insurance at DST, a global provider of technology-based services, argues what customers want and what insurers need are usually the same: fast, efficient and transparent claims processing leading to a fair settlement. This will both maximise the customer experience and minimise the potential for leakage. In Pennys view, a joined-up effort is needed to achieve this goal
Voya Financial launches new indexed universal life insurance policy
US-based Voya Financial’s individual life business has released a new cash value life insurance plan that enables consumers to protect the financial future of their loved ones while building cash value that can be used to supplement retirement income.
Southland National Insurance to acquire Colorado Bankers Life
Southland National Insurance Corporation (SNIC) will acquire Dearborn National Life Insurance Company’s (DNL’s) wholly-owned subsidiary Colorado Bankers Life Insurance (CBL).
Competition Commission of India permits Religare to exit insurance joint venture
The Competition Commission of India (CCI) has reportedlly permitted Religare Enterprises to divest its entire stake in the insurance joint venture (JV) with Aegon and Bennett, Coleman & Co (BCCL).
Euroins to acquire Credit Agricole’s life insurance subsidiary in Greece
Bulgarian insurance group Euroins Insurance Group (EIG) has reportedly agreed to purchase the Credit Agricole’s Greek life insurance unit.