American International Group will sell its overseas life and health insurance unit for $15.5 billion to MetLife Inc., the insurer said Monday, as it attempts to repay billions in government aid. In the deal announced Monday, MetLife will pay $6.8 billion

Risk managers in the market for a TPA had better sharpen their pencils, and bring along an extra notepad.

The parent company of Old Mutual Life Insurance Co. and its subsidiary, OM Financial Life Insurance Co. of New York, said today (March 11) it is considering selling off both companies.

London firm exploring sale of Old Mutual Life, OM Financial Life originally reported at IFAwebnews.

to leave work immediately? “That gets their attention,” Bongiovanni says. It should get yours too. According to a MetLife study published in 2006, the average cost to companies per full-time, employed caregiver is $2,110 per year. As the population

Excerpt: "I have been wondering about the question of whether state insurance commissioners can effectively gut the industry practice of including discretionary clauses in disability policies by refusing to approve forms for use that include them, or whether ERISA preemption precludes that action. [T]he Ninth Circuit concluded that they could do exactly that, without running afoul of preemption . . . ." (Stephen Rosenberg of The McCormack Firm, LLC)

Goldman Sachs Starts Coverage On Small and Mid-Cap Life Insurers (UNM, TMK, SYA, PL, SFG) StreetInsider.com - 59 minutes ago Goldman Sachs initiated coverage on small and mid-cap life insurers with a positive bias within the context of their Cautious life insurance coverage view. The firm highlighted: simple products ...

Your clients understand the need for disability coverage and have trusted you to find the right policy and carrier for them. What happens then if their claim is wrongfully denied? What do you do if they come to you looking for answers?

Asian life insurance unit AIA to Britain's Prudential Plc, and its foreign life insurance business Alico to MetLife Inc in the past couple of weeks, in two of the biggest insurance deals of all time. MODERATING CREDIT LOSSES The executives said revenue

March 1 it was selling AIA Group Ltd. to Prudential Plc for $35.5 billion. A week later, MetLife Inc. agreed to buy AIGs American Life Insurance Co. for $15.5 billion. After the transactions, AIG will have more than sufficient assets to repay senior

Metlife Well Capitalised Despite Turmoil Cape Business News Cape Town-based financial services group Metropolitan released its financial results for the year ended 31 December 2009 showing a healthy capital position. ... and more »

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Facebook is still regarded as mainly a personal social networking site and in another survey reported in eMarketer, by Liberty Mutual , three quarters of employees thought it was unacceptable to check Facebook at work, though nine out of ...

Direct Marketing Key to Life Sales Insurance Networking News LIMRA and LIDMA researchers estimate that more than 2 million individual life insurance policies sold in 2008 were purchased through direct channels. ... NY Life Sales Buck Trend Financial-Planning.com all 4 news articles »