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

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 ...

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

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 »

Bucking broad industry trends, New York Life Insurance Co. increased sales by 14% last year, surpassing $1 billion for the first time in the company's history.

More than 20% of life insurance policies were sold through direct channels in 2008, according to LIMRA and the Life Insurance Direct Marketing Association. Direct-sold policies represented about 5% of 2008 life sales premium revenue and 13% of the total

A California man was arrested for allegedly attempting to extort $200,000 from a New York-based life insurance company by threatening to send false statements about the company in emails to customers and insurance agents through a spam email campaign. Man accused in $200,000 extortion plot using spam against life insurer originally reported at IFAwebnews

WASHINGTON: US insurance giants American International Group and MetLife will announce a US$15.5 billion deal Monday for AIG's second-largest foreign life-insurance business, The Wall Street Journal reported.

American International Group (AIG) Inc will receive a termination fee of US$230.6 million if the sale of its Asian life insurance business to Britain’s Prudential PLC falls through. In a filing with the Securities and Exchange Commission late on ...

to Matt Buttell at Financial Services Technology, , and hopefully next week American Life Insurance Co (ALICO) goes to MetLife. The interesting thing about these transactions is that both Prudential and MetLife have their own units running similar lines

About one-third of the employees at Shenandoah Life Insurance Co. in Roanoke have left since the company's plunge into financial hardship brought about the intervention of state regulators, according to a company memo provided this week to The ...

The Guardian AIG bidders eye Asia growth TODAYonline MetLife's negotiations for AIG's American Life Insurance Co may lead to a deal valued at US$15 billion, people with knowledge of the matter have said. ... Insurers See Future in Asia as Rescued AIG Retreats BusinessWeek AIG selling $50B units - integration struggles ahead? CIO Prudential to buy AIG's Asia life business: WSJ MarketWatch Wall Street Journal - RTT News - The Associated Press all 2,380 news articles »

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After a nearly three-year stint in the public sector as a superintendent with the New York State Insurance Department – including a month as the agency’s acting superintendent – Kermitt Brooks has joined AXA Equitable Life Insurance Co. Brooks departs N.Y. insurance regulator for post at AXA Equitable originally reported at IFAwebnews