All articles by Verdict Staff

More life insurers poised to foray into Argentina

A number of new life insurance companies are expected to foray into Argentina to tap the growing market of the life insurance products and services in the country, Deloitte Argentina partner and insurance specialist Lionel Moure told BNamericas.

Anbang Insurance plans to acquire controlling stake in South Korea’s Tong Yang Life

Anbang Insurance Group, a Chinese insurer, has reportedly agreed to purchase certain majority stake in Tong Yang Life Insurance in South Korea.

Colombian life premiums rose by 14% to $1.82bn in 2014

Life insurance premiums in Colombia increased by 14% to COP4.39trn ($1.82bn) for the year 2014 compared to COP3.84trn ($1.62bn) during 2013, bnamericas.com reported citing data released by local insurance association the Federación de Aseguradores Colombianos (Fasecolda).

Manulife completes acquisition of Canadian operations of Standard Life

Manulife Financial has closed its previously announced acquisition of Standard Life’s Canada operations.

Dai-ichi Life completes takeover of Protective Life in US

Dai-ichi Life Insurance, a Japan-based financial services company, has concluded the previously announce takeover of Protective Life in the US, in a transaction valued at approximately $5.7bn.

Cigna Insurance Services to enter individual UK life market

Cigna Insurance Services, which is part of US-based health insurer Cigna, is to enter the individual UK life insurance market this year, extending its proposition for the affinity market.

LII 303, January 2015

M&A activity set to rise in 2015

Increased funding ability, a combination of insurers seeking consolidation and the impact of Solvency II on capital requirements is likely to mean increased M&A activity in the global life market in 2015. This is the main takeaway of research and interviews with industry experts, explains Ronan McCaughey

A.M. Best posts stable outlook for US life / annuity segment

A.M. Best has posted a stable rating outlook for the US life / annuity segment based on positive factors including a benign credit environment, improving economic conditions and high levels of reported risk-adjusted capitalisation.

Bancassurance: a model to bank on

Mark Holweger, managing director (intermediated) at Legal & General, discusses the latest opportunities, challenges and best practice in bancassurance