All articles by LII editorial
LII editorial
New York brokers down but not out
A dispute between New York state regulators and the states largest insurance broking organisations, the Independent Insurance Agents & Brokers of New York (IIABNY) and the Council of Insurance Brokers of Greater New York (CIBGNY), is heating up
Axa pays dearly for risk management blunder
In a major settlement with the US Securities and Exchange Commission (SEC), Axa Rosenberg, Axas US asset management unit, has agreed to pay $217m to clients harmed by a serious flaw in its quantitative investment model
Vietnam records solid premium growth in 2010
Building on its record of solid growth, Vietnams insurance market saw premium income increase by 20.3% in 2010 to VND30.69tn ($1.57bn), according to the Vietnam Business Forum
US courts deal health reform two hefty blows
President Obamas Patient Protection and Affordable Care Act has received another setback with a ruling by Federal judge Roger Vinson in the state of Florida that it is unconstitutional
Deloitte thinks big in UK pensions
Business advisory firm Deloitte is to expand its pensions advisory capacity as part of what it termed an “aggressive growth plan” to treble the size of its UK pensions advisory services practice within three to four years
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Life Partner target of SEC investigation
According to financial publication The Wall Street Journal, the SEC is investigating Texas-based LPHs method of estimating life expectancies of insured individuals, a key factor in determining the value of a policy in a life settlements deal
Crédit Agricole acquires specialist French insurer
Frances largest bancassurer Crdit Agricoles insurance unit Crdit Agricole Assurances (CAA) has completed the acquisition of French life insurer Axeria Vie and its subsidiary April Patrimoine for an undisclosed sum.
Aviva looks to HP to enhance its global communications
In a move designed to enhance productivity across its global operations, UK insurer Aviva has outsourced the management of its Microsoft communications solutions to US technology company Hewlett-Packard (HP) for the next nine years.
Swiss Life expands its group life footprint
Expanding its reach in its home market, Switzerlands largest life insurer Swiss Life has acquired the group life business of rival Swiss insurer Nationale Suisse, for an undisclosed sum
AIA talks up takaful prospects in Malaysia
AIA is set to become a major player in the important and fast-growing takaful market in Malaysia,” predicted AIA group chief executive and president Mark Tucker, a former CEO of UK life insurer Prudential