All articles by Iona Serrapica
Iona Serrapica
Standard Life appoints industry veteran to grow Canadian business
Financial services industry veteran Jennifer Gregory has been appointed national vice-president for business development, group savings and retirement at Standard Life in Canada. Gregory will be responsible for creating a strategic vision and a national roadmap to grow Standard Lifes group savings and retirement businesses in Canada
Liberty Mutual advances in Chinese market
US-based Liberty Mutual Insurance Groups subsidiary, Liberty Insurance Company (Liberty), has been granted approval by the China Insurance Regulatory Commission (CIRC) to establish a branch in Chinas Shandong Province David Long, Liberty Mutual Insurance Groups president and CEO, said: Liberty Mutual continues to build its reputation in China as a strong provider of quality insurance products and as a company dedicated to helping people live safer, more secure lives.
Australia’s direct life business grows rapidly
The number of life insurance products sold directly to consumers without the aid of a financial adviser has increased from 109 in 2008 to 203 in 2012 an increase of 86%, according to a to report published by Rice Warner Actuaries.
MetLife study highlights importance of employee benefits
A total of 49% of employees in the US say current economic conditions mean they are counting on employers to help them achieve financial security through a range of employee benefits such as dental, disability and life insurance, according to a MetLife study The 10th Annual MetLife Study of Employee Benefits Trends, which was conducted in September and October 2011, said current economic conditions means many younger employees – who are often employed by small businesses – are looking more towards employee benefits to achieve financial security, even at the price of covering the costs themselves According to the study, the percentage of companies with 500-plus employees identifying voluntary benefits as a key element in their benefits strategy jumped to 57% from 43% a year earlier, while smaller firms saw an increase to 31% from 26%.
Nippon Life completes Reliance Capital stake acquisition
Indias Reliance Capital Asset Management (RCAM) has completed the acquisition of a 26 per cent stake – valued at INR 14.5bn ($261m) – in Reliance Capital Asset Management (RCAM) to Japans Nippon Life As part of the transaction, Yutaka Ideguchi, general manager of the international planning and operations department at Nippon Life has been inducted as a non executive director of RCAM Nippon Life said RCAM has grown steadily since its establishment in 1995 and currently ranks second in the Indian mutual funds industry in terms of assets under management.
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