Posts Tagged

Life insurance

New York Life Insurance and Cigna in December 2019 reached a deal for New York Life to acquire Cigna’s group life and disability insurance business for US$6.3 billion. The acquisition is expected to close in the third quarter of 2020, subject to applicable regulatory approvals and other customary closing conditions. The group life and disability insurance business will operate within New York Life’s portfolio of strategic businesses and support

The OECD in July 2018 released its Annual Survey of Investment Regulations of Pension Funds 2018, which describes the main quantitative investment regulations that pension funds are subject to in OECD and a selection of IOPS member countries. It covers all types of pension plans, and concerns all forms of quantitative portfolio restrictions applied to pension funds at different legal levels. The 356-page survey’s findings conclude, in part, that:

American International Group (AIG) and Munich Re in June 2018 announced that AIG Life Ltd. (AIGLL), a UK subsidiary of AIG Life & Retirement, has agreed to acquire Ellipse, a specialist provider of group life risk protection in the UK, from Munich Re. Ellipse’s group protection products, which include life, critical illness and income protection, along with its technology-enabled business model with high levels of straight through processing (STP),

AXA in May 2018 completed the initial public offering (IPO) of its U.S. individual life insurance unit, formerly known as The Equitable Life Assurance Society of America and based in New York, NY. Total proceeds are estimated at $4 billion. AXA had demutualized and recapitalized the failed U.S. mutual life insurance company, The Equitable, to the tune of $1 billion in July 1991. Back then, the company had $5.9

Having a dependant’s income continue when an employee dies is, to my mind, a massively valuable benefit. But is the product and market understood by both purchasers and employees?

Employee benefits in France are provided by several types of insurance carriers, some of which are particular to that country—and that results in some confusion. Here is a brief overview of the main types of players. French English Translation Coverage Offered Applicable Laws and Regulations Institutions de Prévoyance (IP) Provident Institutions Paritarian Institutions Group health, life, pensions Social Security Code Groupe de Protection Sociale (GPS) Social Protection Group (grouping

As the largest UK market place, Group Life is the best place to start our review. Every year the two most important surveys for U.K. Group Risk Insurers come out in April and June. Swiss Re’s ‘Group Watch’ shows how the Group Risk market is doing, and ORC International’s syndicated Group Risk adviser research shows how the industry is performing across the whole customer journey and anticipated future trends.

Most Western Europeans underestimate their personal risk of becoming unable to work, according to an August 2015 survey by Zurich covering six European countries. Respondents generally tend to overestimate accidents as a leading cause of disability. But at the same time, they are unaware that the probability of becoming work-disabled during one’s working lifetime – whether due to an accident or other causes – may be as high as

In another instance of the on-going consolidation of the life insurance sector in Europe and of European banks selling their insurance subsidiaries, Monceau Assurances, a French composite insurer, announced the acquisition of Vitis Life Luxembourg from KBL European Private Bankers on July 7, 2015. KBL is owned by Precision Capital, based in Qatar. Vitis Life specializes in life insurance for high net-worth individuals (HNWI) and sells mostly unit-linked products