Prudential P.L.C., the British financial services firm, is in talks with the American International Group over a potential deal for the American firm’s giant Asia life insurance operations that could be worth more than $30 billion, people briefed on the matter told DealBook on Saturday.
Read on: Prudential P.L.C. in Talks to Buy A.I.G. Asia Unit
Source: http://dealbook.blogs.nytimes.com
MINNEAPOLIS, Feb 26, 2010 (BUSINESS WIRE) -- Minneapolis-based Allianz Life Insurance Company of North America (Allianz Life) today posted the highest operating profit in the company's 110-year history at nearly $800MM for its 2009 financial year. The results can be attributed to strong operational performance coupled with rebounding economic conditions, including rising interest rates and narrowing credit spreads, which may not continue or be as impactful in 2010.
Read on: Allianz Life Reports Solid Operating Profits and Premium for 2009
Source: http://www.marketwatch.com
After two straight profitable quarters, AIG is expected to report a substantial loss for the fourth quarter when the troubled insurer announces its latest financial results Friday morning.
Read on: AIG to take a big hit
Source: http://money.cnn.com
Although some of us thinks that US insurance market is kind of saturated and there is very little scope for new player to gain recognition and market, there are business groups who believes in their strategic long term plans and knows how to get recognition.
Here is a news - Headquartered with the Industrial Alliance Pacific Life Insurance Company ("IA Pacific") US division in Scottsdale, Arizona, IA American is the next phase of the Company's long-term growth strategy in the United States.
Read on - A New American Life Insurance Company is Launched: IA American
Source: http://www.prnewswire.com
Here is an excellent video from Tony Robbins on New Years resolutions.
Guess this is what we all needed... a push, or a punch or whatever you would like to call it.
As Tony rightly said - "Wake up and take action-a New Year and a New Life doesn’t just happen on January 1."
Watch online: New Year, New Life-Don’t be trapped by the calendar. Create the life you want right now. Here’s where to start
Source: http://tonyrobbinstraining.com
Breaking news!!!
MetLife, where Robert H. Benmosche made his mark as an insurance executive, has emerged as the lead bidder for a major subsidiary of the American International Group, where Mr. Benmosche is now chief executive.
Read on: A.I.G. Unit May Be Sold to MetLife
Source: The New York Times (http://www.nytimes.com)
Back to the basics...
Although discussed many times, still many of us tend to misunderstand the basic need of life insurance and get easily caught with questions like - "How do I know how much life insurance do I need" or "Term Vs Whole Life insurance" or "Should children have Life Insurance" etc.
Here is an interview with an Insurance Expert Anthony Steuer who answers the above questions (and many) in layman's language.
Read on: Life Insurance: An Interview with Insurance Expert Anthony Steuer
Source: http://insurance.lovetoknow.com/
Comparing life insurance product is not always as simple as it might seem; here is an article that talks about the "watch-outs" of the sites those compares the Life Insurance products -
Comparison sites can make buying financial products on the web transparent and hassle-free. But when it comes to comparing life insurance, not all comparison sites are what they seem.
Read on complete article - Money-Minder criticizes life insurance comparison sites
Source: http://www.privatehealth.co.uk/
hummmm.......
Standard & Poor's Ratings Services has lowered its long-term credit rating on Manulife Financial Corp. (MFC) to A+ from AA- and withdrawn its ratings on John Hancock Financial Services Inc. (JHF) following the completion of Manulife's planned subsidiary reorganization on Dec. 31.
Read on: S&P Cuts Manulife Rating To A+, Outlook Negative
needs registration though :(
Source: Wall Street Journal
Truly amazing!!!
A local school district is partnering with insurers to offer free life insurance to pay for a child's education in the event of a parent's death!!!
Read on complete news: Local School District Partners with Insurance Company to Offer Free Life Insurance
Source: www.publicbroadcasting.net (WRVO)
