United States

Life & Health Insurance

Page 2

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.


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