Ing life insurance ↝ Life insurance

ING to sell its interest in ING Vysya Life Insurance, ING

ING to sell its interest in ING Vysya Life Insurance ING to sell its interest in ING Vysya Life Insurance Amsterdam, 23 January 2013 ING announced today it has agreed to sell its 26% interest in ING Vysya Life Insurance Company Ltd. to its joint venture partner Exide Industries Ltd. ING’s exit from the Indian life insurance joint venture is part of the previously announced intended divestment of ING’s Asian Insurance and Investment Management businesses. The process for the remaining businesses is on-going. Any further announcements will be made if and when appropriate. The transaction announced today is not expected to have a material impact on ING Group results. Subject to regulatory...

ING Offering New Life Insurance Product

ING Offering New Life Insurance Product ING Offering New Life Insurance Product ING comes through again with a new, innovative and beneficial product for their customers. The ING Life Companies are looking to solve a common problem for employers with their new life insurance product. They plan to give employers a way to recruit top talent by helping their employees prepare better for retirement. Their new concept is called Self-Owned and Retirement (SOLAR) Insurance Arrangements and it puts a life insurance policy in the hands of certain employees funded through employer contributions, after-tax employee contributions or both. There are numerous benefits to this new life insurance product...

Citibank Romania Offers New ING Life Insurance Solutions

Citibank Romania Offers New ING Life Insurance Solutions Bucharest – In response to the growing customer demand for reliable insurance solutions, Citibank Romania is now offering two life insurance products, Regal and Academica, developed by ING Asigurari de Viata, which efficiently combine the benefits of a traditional life insurance with those of a saving product. Academica allows customers to save money for their children until they turn at least 18 years old. Having decided upon the amount a customer wishes to pay, premiums are paid every 1, 3, 6 or 12 months and the maturity benefit is guaranteed and paid out over five years, or all at once when the child reaches 18 years old. In...

ING Vysya rebrands itself Exide Life Insurance after ING exits -

ING Vysya rebrands itself Exide Life Insurance after ING exits ING Vysya Life Insurance today renamed itself as Exide Life Insurance Co, having got regulatory approval for the change in the wake of the exit of Netherlands-based ING Group from their joint venture. ''Exide Industries has been our major shareholder for eight years and acquired 100 per cent ownership of the company over a year back,'' Exide Life Insurance managing director Kshitij Jain said. ''We are proud to be a part of Exide's rich heritage in India.'' He added that Exide Life Insurance is a profitable company that serves over 10 lakh customers in over 200 cities across India and...

A.M. Best Affirms Ratings of ING's Domestic Life Insurance Entities; Removes Various Ratings from under Review, Business Wire

OLDWICK, N.J.--( BUSINESS WIRE )--Dec. 22, 2004--A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of the primary life insurance entities of ING Group's (ING) (NYSE:ING) U.S. operations, ING USA (Atlanta, GA), and the financial strength rating of A (Excellent) of the group's non-core subsidiaries, Midwestern United Life Insurance Company (Midwestern) (Fort Wayne, IN) and Life Insurance Company of Georgia (LOG) (Atlanta, GA). These ratings have been removed from under review with negative implications. The rating outlook for the core U.S. entities is negative while the rating outlook for LOG and Midwestern is stable. Additionally, A.M. Best has assigned an issuer...

ING Life Insurance USA Coverage

ING Life Insurance 1081-KL Amstelveenseweg 500 ING is a life insurance provider based in the Netherlands, and the firm employs more than 120,000 workers throughout the world. The company has a market capitalization in excess of 20 billion dollars, with strong earnings per share of some $4.14. In addition to its life insurance business, ING provides a variety of financial products and services, including bank accounts, retirement services and investment accounts. The company operates in a number of different regions throughout the world, with operations in the United States, Canada, Europe, Asia, Australia and Latin America. ING is one of the highest rated insurance companies operating in...

Voya ING Life Insurance Review - Behr Insurance

Voya ING Life Insurance Review In this Voya ING life insurance review we will discuss the pros and cons of the company as well as whether you should buy life insurance from them. Voya Financial Inc. debuted as a financial services company in April of 2014. Formally known as ING-Reliastar, this company is one of the leading retirement services and life insurance providers in the United States. Voya is a conceptual name derived from the word “Voyage,” which name exhibits momentum and optimism. According to the company’s core values, “Voya’s vision is to be America’s Retirement Company©.” With the uniting of ING/Reliastar and other financial firms over the years, Voya...

Beary v. ING Life Insurance Annuity Co., 520 F. Supp. 2d 356, Casetext

MEMORANDUM OF DECISION MARK R. KRAVITZ, District Judge. In response to perceived abuses of the federal class-action system in the securities law area, Congress in 1995 passed the Private Securities Litigation Reform Act ("PSLRA"), Pub.L. 104-67. The PSLRA imposed procedural requirements on securities class actions, see 15 U.S.C. § 78u-4, and also raised the pleading standards plaintiffs must satisfy in order to bring certain kinds of securities class-action lawsuits in federal court. Id. Some plaintiffs responded to the restrictions imposed by the PSLRA by filing their securities class actions in state court. As the Supreme Court observed in Merrill Lynch, Pierce, Fenner Smith, Inc...

Dutch Giant ING to Buy Insurer Equitable of Iowa - Los Angeles Times

Dutch Giant ING to Buy Insurer Equitable of Iowa Pinched by consolidation in the insurance industry, life insurer Equitable of Iowa Cos. has agreed to a $2.2-billion buyout by Dutch insurance and banking giant ING Group. The deal announced Tuesday would double ING’s life insurance operations in the United States, boosting annual premiums to $4.3 billion from $2.2 billion. The purchase is the latest in the fast-changing insurance industry. With lines blurring between the insurance and investment industries, insurers are trying to cut costs or expand to compete with banks and securities firms. Investors on both sides of the Atlantic applauded the deal. Equitable of Iowa shares rose almost...

Why ING is turning back to insurance, Euromoney

ING’s announcement in June of a new insurance distribution agreement with France’s Axa comes after a tough period for the Dutch lender. Its share price performance has been worse than any other large-cap bank in Europe, notes Citi research. In June it slipped below consensus 2018 book value, according to Berenberg. ING underperformed the European Stoxx Banks 600 index by 8% in the 12 months to mid-June. Other Benelux banks, on the other hand, continued to outperform. ABN Amro beat the index by 10% and KBC by 8%. One problem is that fading expectations for imminently higher ECB rates have hurt an expected recovery in interest margins. ING’s bigger size makes it better known internationally...