All articles by Verdict Staff
Verdict Staff
MetLife inks $440m pension buyout deal with TRW
MetLife has entered into an agreement with TRW, a subsidiary of TRW Automotive, for MetLife to provide pension benefits to 7,045 retirees and current beneficiaries in TRWs defined benefit plan in a $440m transaction.
AIG launches new variable universal life insurance policy
American International Group (AIG) has released its latest variable universal life insurance plan known as AG Platinum Choice VUL.
Delta Lloyd to sell Delta Lloyd Bank Belgium to Anbang Insurance
Delta Lloyd Group has reached an agreement to sell Delta Lloyd Bank Belgium to Chinese insurance company Anbang Insurance Group for 219m.
Standard Life considers increasing stake in HDFC Life before IPO
British insurer Standard Life is reportedly gearing up to increase its shareholding in Indian insurance joint venture (JV) HDFC Standard Life Insurance to 33% from current 26% ahead of planned IPO of the venture.
Prudential outlines ambitious Asian expansion strategy
Global insurance giant Prudential has outlined it ambitious Asian expansions strategy whereby the company aims to inflate its business ’30 times bigger’ from current footprint in the region.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Towers Watson launches new service to access the longevity reinsurance market
US-based Towers Watson has rolled out a new service that allows pension schemes to gain direct access to the reinsurance market for hedging longevity risk for their defined benefit liabilities.
Alliant Insurance Services buys The Camps Group
Alliant Insurance Services, a specialty insurance brokerage firm, has bought The Camps Group, a New-York-based integrated provider of employee benefits services, for an undisclosed sum.
India’s Cabinet clears bill to increase FDI in insurance sector by 49%
India’s Cabinet has approved the official amendments to the Insurance Laws (Amendment) Bill, 2008, thereby paving the way for the increased foreign direct investment (FDI) in the insurance sector from current 26% to 49%.
SBI Life Insurance unveils child insurance plan
India-based SBI Life Insurance has released a new non-linked participating child insurance plan, structured to ensure fulfilment of a child’s educational aspirations, even in any unforeseen circumstance.
Sun Life Financial to offer retirement income fund to Western University retirees
Sun Life Financial will offer a retirement income fund (RIF) to Western University’s retirees, both current and future.