Life & Health Insurance

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Metlife Inc Merging Offshore Reinsurance Unit With Three U.S. Subsidiaries-DJ

Tuesday, 21 May 2013 02:55pm EDT

Dow Jones reported that Metlife Inc is merging an offshore reinsurance unit with three of the parent company's U.S. subsidiaries. The offshore MetLife unit, named Exeter Reassurance Co. and based in the Cayman Islands, will be consolidated with insurance subsidiaries in Connecticut, Delaware and Missouri.

MMI Holdings Ltd Announces Long-Term Insurance Licence Amalgamation Approved

Monday, 20 May 2013 05:46am EDT

MMI Holdings Ltd announced that the High Court of South Africa in Pretoria has approved the amalgamation of the two main long-term insurance licences of the MMI Holdings Limited group. Duplicated licensed entities and systems (resulting from the merger) are currently being consolidated. The approval of the amalgamation of the licences on May 20, (in terms of Sections 37 and 38 of the Long-term Insurance Act) represents an important milestone towards the rationalisation of MMI Holdings' legal entities. The court approval means that the current and future long-term insurance policies of Metropolitan and Momentum will all be underwritten by the same long-term insurance licensed entity. There will be no change to the terms and conditions, or the benefits of the policies. The amalgamated licence is held by MMI Group Limited which is a wholly-owned subsidiary of MMI Holdings Limited. Policyholders will continue to deal with Metropolitan and Momentum as the client-facing brands and all the current client contact details remain unchanged.

Yura SA Announces Registration Of Simple Reorganization

Thursday, 16 May 2013 06:02pm EDT

Yura SA announced that the Process of Simple Reorganization has been registered in the Arequipa Register. Under the terms of the reorganization the Company’s block of assets has been segregated and transferred to Concretos Supermix SA.

Great Eastern Holdings Ltd Announces Voluntary Winding-up Of Indirect Subsidiary

Thursday, 20 Dec 2012 04:54am EST

Great Eastern Holdings Ltd announced that its indirect 65% owned subsidiary, Lion Fairfield Capital Management Ltd (LFCM), commenced a members' voluntary winding up pursuant to Section 290(1) of the Companies Act, Chapter 50 of Singapore, on December 12, 2012.

Assicurazioni Generali SpA Launches Its Plan for Growth in Italy

Friday, 14 Dec 2012 10:50am EST

Assicurazioni Generali SpA announced that it has launched its plan for growth in Italy. Over EUR 300 million of investments on brands, networks and customer service improvements Multi-channel business model will be integrated into just 3 brands: Generali, Alleanza and Genertel.


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