Edition:
United States

Life & Health Insurance

Page 1

SimCorp signs perpetual license agreement with Generali

Tuesday, 27 Dec 2016 04:08am EST

SimCorp A/S : Said on Friday, Generali selected SimCorp Dimension as its new front-to-back investment management platform .Signed perpetual license agreement with Generali for its asset management company, Generali Investments, plus its insurance companies in Italy and France to use SimCorp Dimension as their new enterprise investment management solution.

NIB Holdings says NZ unit enters into distribution partnership with Automobile Association

Sunday, 2 Oct 2016 05:24pm EDT

NIB Holdings Ltd : Entered into a health insurance whitelabelling distribution partnership with New Zealand Automobile Association .NIB New Zealand announces new distribution partnership.

CNO financial says termination of long-term care reinsurance agreements with Beechwood RE

Thursday, 29 Sep 2016 04:38pm EDT

CNO Financial Group Inc : CNO Financial Group announces termination of long-term care reinsurance agreements with Beechwood RE and recapture of assets, liabilities and policyholder administration . CNO Financial says BCLIC and WNIC gave written notice to bre that they are terminating their reinsurance agreements with BRE, effective immediately . BCLIC and WNIC have also commenced litigation against current and former individual principals of BRE . CNO Financial Group Inc says CNO has suspended its share repurchase program for remainder of 2016 . Preliminary information indicates CNO would record after-tax charge of about $55 million, calculated on a pro forma basis . As a result of recapture and other things , CNO will contribute approximately $200 million to its insurance subsidiaries . Terminating reinsurance agreements with Beechwood RE (BRE) and recapturing approximately $550 million of closed block long-term care liabilities . BCLIC and WNIC recently expanded scope of audit to include additional level 3 investments with a reported amount of approximately $90 million . CNO cos are resuming responsibility for aspects of policyholder administration; expect no impact to policyholders due to actions.

Storebrand ASA in banking deal with labour union

Monday, 22 Feb 2016 02:15am EST

Storebrand ASA:Says labour union Unio and Storebrand sign banking agreement.Says offers members of Unio's affiliates home loans in Storebrand.Says the agreement will include 11 of Unio's 12 national affiliates with a potential to reach of 230,000 members.The agreement comes into force on March 1.

Axa partners with Jumia to provide insurance in Africa

Monday, 8 Feb 2016 02:25am EST

Axa SA:Axa will become the exclusive provider of insurance products and services through Jumia and other Africa Internet Group online and mobile platforms in Africa.

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary