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Life & Health Insurance

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India's HDFC Standard Life Insurance Co Dec-Qtr PAT Rises

Friday, 19 Jan 2018

Jan 19 (Reuters) - HDFC Standard Life Insurance Company Ltd ::DEC QUARTER PAT 2.07 BILLION RUPEES VERSUS PROFIT OF 1.81 BILLION RUPEES YEAR AGO.DEC QUARTER NET PREMIUM INCOME 54.20 BILLION RUPEES VERSUS 45.35 BILLION RUPEES YEAR AGO.

Protective Enters Agreement To Reinsure Liberty Life, Annuity Business

Friday, 19 Jan 2018

Jan 19 (Reuters) - Protective Life Corporation: :PROTECTIVE ENTERS AGREEMENT TO REINSURE LIBERTY LIFE AND ANNUITY BUSINESS.PROTECTIVE LIFE CORPORATION SAYS HAS REACHED AN AGREEMENT WITH LINCOLN FINANCIAL GROUP.PROTECTIVE LIFE CORPORATION SAYS TRANSACTION REPRESENTS CAPITAL INVESTMENT BY PROTECTIVE OF ABOUT $1.17 BILLION.PROTECTIVE LIFE CORP- TO BUY VIA REINSURANCE SUBSTANTIALLY ALL OF INDIVIDUAL LIFE & ANNUITY BUSINESS OF LIBERTY LIFE ASSURANCE COMPANY OF BOSTON.PROTECTIVE LIFE CORP- ‍REINSURANCE TRANSACTION WILL CLOSE IN CONJUNCTION WITH LINCOLN'S ACQUISITION OF LIBERTY LIFE FROM AFFILIATES OF LIBERTY GROUP INC​.

Lincoln Financial Signs Agreement To Acquire Liberty Life Assurance Company Of Boston

Friday, 19 Jan 2018

Jan 19 (Reuters) - Lincoln National Corp ::LINCOLN FINANCIAL GROUP SIGNS AGREEMENT TO ACQUIRE LIBERTY LIFE ASSURANCE COMPANY OF BOSTON.LINCOLN FINANCIAL GROUP - CO WILL PAY LIBERTY MUTUAL INSURANCE GROUP ABOUT $3.3 BILLION.LINCOLN FINANCIAL - DEAL CONSISTS OF $1.446 BILLION TOTAL NET INVESTMENT FOR GROUP BENEFITS BUSINESS & $425 MILLION IN REQUIRED CAPITAL.LINCOLN FINANCIAL GROUP - DEAL EXPECTED TO BE ACCRETIVE TO CO'S EPS IN 2019, EXCLUDING INTEGRATION COSTS.LINCOLN FINANCIAL GROUP - DEAL WILL BE FINANCED WITH CASH AND ISSUANCE OF DEBT.LINCOLN FINANCIAL - CO'S BUYBACK PROGRAM TO BE TEMPORARILY SUSPENDED, EXPECTED TO RESUME NO LATER THAN Q3 2018​.LINCOLN FINANCIAL - REMAINING COMPONENTS OF PAYMENT TO LIBERTY MUTUAL INCLUDE $410 MILLION OF INDIVIDUAL LIFE & ANNUITY VALUE PAID BY PROTECTIVE LIFE.LINCOLN FINANCIAL - REMAINING COMPONENTS OF PAYMENT TO LIBERTY MUTUAL ALSO INCLUDE $1.202 BILLION RELATED TO EXCESS CAPITAL IN LLAC, $211 MILLION TAX ITEMS.

India's ICICI Prudential Life Insurance Dec Qtr Profit Rises

Friday, 19 Jan 2018

Jan 19 (Reuters) - Icici Prudential Life Insurance Company Ltd ::DEC QUARTER NET PROFIT 4.52 BILLION RUPEES VERSUS PROFIT OF 4.50 BILLION RUPEES LAST YEAR.DEC QUARTER NET PREMIUM INCOME 67.95 BILLION RUPEES VERSUS 56.98 BILLION RUPEES LAST YEAR.AS AT DEC 31, TOTAL ASSETS UNDER MANAGEMENT OF CO WAS 1.38 TRLN RUPEES.

Ping An Insurance Plans Funding For Partial Technology-Related Business To Maximise Shareholder Values

Thursday, 18 Jan 2018

Jan 18 (Reuters) - Ping An Insurance Group Co of China Ltd <601318.SS><2318.HK>::SAYS IT PLANS FUNDING FOR PARTIAL TECHNOLOGY-RELATED BUSINESS TO MAXIMISE SHAREHOLDER VALUES, IN RESPONSE TO REPORT ON IPO PLAN FOR ITS HEALTHCARE UNIT.

China Taiping Insurance Holdings Posts FY Gross Premium Income For unit

Wednesday, 17 Jan 2018

Jan 17 (Reuters) - China Taiping Insurance Holdings Co Ltd <0966.HK>::‍FY GROSS PREMIUM INCOME FOR TAIPING LIFE INSURANCE COMPANY 113,924.76 MILLION RMB​.

MetLife Intends To Merge Two Subsidiaries

Tuesday, 16 Jan 2018

Jan 16 (Reuters) - MetLife Inc ::METLIFE ANNOUNCES PLANNED MERGER OF TWO SUBSIDIARIES.METLIFE INC - ‍INTENDS TO MERGE SUBSIDIARY, GENERAL AMERICAN LIFE INSURANCE COMPANY, INTO ANOTHER SUBSIDIARY, METROPOLITAN TOWER LIFE INSURANCE COMPANY​.METLIFE - METROPOLITAN TOWER LIFE INSURANCE COMPANY WILL CONTINUE AS SURVIVING ENTITY AFTER MERGER; MERGED ENTITY WILL BE DOMICILED IN NEBRASKA.

Anadolu Hayat FY 2017 Life And Non Life Gross Premium Total 575.7 Mln Lira‍​

Tuesday, 16 Jan 2018

Jan 16 (Reuters) - ANADOLU HAYAT ::FY 2017 LIFE AND NON LIFE GROSS PREMIUM TOTAL 575.7 MILLION LIRA‍​.

China Life Insurance Says 2017 Accumulated Premium Income Was About RMB 512.3 Bln

Tuesday, 16 Jan 2018

Jan 16 (Reuters) - China Life Insurance Co Ltd <601628.SS>::ACCUMULATED PREMIUM INCOME OF COMPANY FOR PERIOD FROM 1 JANUARY 2017 TO 31 DECEMBER 2017 WAS ABOUT RMB512.3 BILLION..

MMI Holdings ‍Announces Leadership Changes

Tuesday, 16 Jan 2018

Jan 16 (Reuters) - MMI Holdings Ltd ::‍ANNOUNCED THAT NICOLAAS KRUGER WILL BE STEPPING DOWN AS CEO OF MMI HOLDINGS WITH EFFECT FROM 15 FEBRUARY 2018​.HILLIE MEYER HAS AGREED TO JOIN MMI ON A THREE-YEAR CONTRACT AS CEO OF MMI HOLDINGS​.‍JEANETTE MARAIS WILL JOIN GROUP AS A SECOND DEPUTY CEO; APPOINTMENT IS EFFECTIVE 1 MARCH 2018​.‍RISTO KETOLA, CURRENT CFO OF MMI HOLDINGS, HAS BEEN APPOINTED GROUP'S FINANCIAL DIRECTOR​.‍GROUP IS NOW FOCUSING ON A NARROWER SET OF NEW INITIATIVES SUCH AS AFRICAN BANK JV AND ADITYA BIRLA JV​.

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