Archive: November, 2012

PICC Leans on Cornerstones for Biggest 2012 Hong Kong IPO

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PICC Leans on Cornerstones for Biggest 2012 Hong Kong IPONews from Bloomberg: People’s Insurance Company (Group) of China (1339) is relying on $ 1.82 billion of pre-negotiated investments to seal Hong Kong’s biggest initial public offering in two years. American International Group Inc. (AIG), Zijin Mining Co. and 15 other so-called cornerstone investors have agreed [...]

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Life Insurance Review: Land Mine or Gold Mine?

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Life Insurance Review: Land Mine or Gold Mine?News from Fox Business: One of the first things I ask when meeting a new client is, “What life insurance policies do you currently have in place?” You would be surprised at some of the answers I get, or maybe you wouldn’t. Sure, some folks know exactly what [...]

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TEXT-Fitch raises Irish Life Assurance IDR to ‘BBB+’

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TEXT-Fitch raises Irish Life Assurance IDR to ‘BBB+’News from Reuters: Tweet Share this Email Print Tue Nov 27, 2012 11…………… continues on Reuters … Read the full article . . Calaveras Co. woman possibly murdered for life insurance moneyNews from News10.net: Facebook Google buzz Del.icio.us continues on News10.net … Read the full article . _______________________________________________ [...]

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John Hancock Life Insurance Launches New Indexed UL Sales Tool

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John Hancock Life Insurance Launches New Indexed UL Sales ToolNews from Sacramento Bee: BOSTON, Nov. 26, 2012 – /PRNewswire/ — John Hancock Life Insurance has developed a unique online tool that simplifies the sales process for producers and helps clients better understand the value of Indexed UL. The Indexed UL Rate Translator uses a sophisticated [...]

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Private life insurers gain from forfeited balances of customers

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Private life insurers gain from forfeited balances of customersNews from Hindu Business Line: Post threefold jump in profits in FY12; 13 out of 22 firms in positive zone November 25, 2012:   Private life insurance companies trebled their total net profits in 2011-12, with 13 of 22 companies turning in a positive result. Life Insurance Corporation, [...]

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Sentencing in Va. to wrap up massive insurance fraud case that brought down 2 …

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Sentencing in Va. to wrap up massive insurance fraud case that brought down 2 …News from The Republic: RICHMOND, Va. — An accountant who faked an audit for a Costa Rican company will be sentenced this month, ending the prosecution of a massive insurance fraud scheme that claimed thousands of victims worldwide and served as [...]

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Life insurance premium drops 2.33 percent

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Life insurance premium drops 2.33 percentNews from New York Daily News: New Delhi, Nov 23 — Money collected by life insurance companies as premium dropped by 2.33 percent during the quarter ended Sep 30, 2012 year?on?year, largely due to the slowdown in the economic growth, Minister of State for Finance Namo Narain Meena said Friday. [...]

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AIG plans China life-insurance JV with PICC

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AIG plans China life-insurance JV with PICCNews from MarketWatch: By Prudence Ho HONG KONG–U.S. insurer American International Group Inc said Thursday it is forming a joint venture with life insurance unit of Chinese insurer People’s Insurance Co. (Group) of China Ltd. that may put it in direct competition with its former Pan-Asian insurance unit. The [...]

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AIG, PICC Group ink joint venture to sell life insurance in China

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AIG, PICC Group ink joint venture to sell life insurance in ChinaNews from Reuters: A man walks past a backdrop during an investors meeting of The People’s Insurance Company (Group) of China Ltd (PICC) in Hong Kong November 22, 2012. Credit: Reuters/Bobby Yip HONG KONG | Thu Nov 22, 2012 3:28am EST HONG KONG (Reuters) [...]

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Hot holiday gift: 5 reasons to buy life insurance

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Hot holiday gift: 5 reasons to buy life insuranceNews from MarketWatch: Life Insurance should be a trendy gift this holiday season. Black Friday often creates “must haves,” such as Cabbage Patch Dolls, Beanie Babies, or Tickle Me Elmo. No doubt, this year will prove no different. But as you’re checking your list, and checking it [...]

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