Ing life insurance

ING Vysya Life Insurance Becomes Exide Life Insurance

Excide Life Insurance Company Limited is Indian Life Insurance Company owned by the Exide Industries. It was established in 2001 as ING Vysya Life Insurance Company Limited. It has a joint venture between ING Vysya Bank and Exide Industries Limited. The Headquarter of this insurance company is located at Bangalore city. INGVysyaLifeInsurance Actually, this Insurance Company is named as ING Vysya Life Insurance Company after it is changed as Exide Life Insurance Company Limited. In January 2013, ING group divest itself from its Indian insurance and investment organization businesses through the sale of its 26% interest in ING Vysya Life Insurance Company Ltd. This company serves more than 1,...

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Societe Generale announces the signing of a definitive agreement between Boursorama and ING to offer the best alternative banking solution to ING’s retail customers in France - Société Générale

Societe Generale announces the signing by Boursorama of a definitive partnership agreement with ING to offer ING's online banking customers in France the best alternative banking solution, with a simplified subscription process and exclusive offers on underwritten products and services. The signing of the definitive agreement on 4 April 2022 follows ING’s decision to withdraw from the retail banking market in France. Boursorama will therefore provide exclusive offers reserved for ING's retail customers in France and dedicated support. With more than 3.3 million customers at end-December 2021, this agreement will further strengthen Boursorama's leadership position in France. With development...

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ING re-renters insurance with AXA partnership, Latest News, Insurance Times

AXA and Dutch bank, ING have announced a long-term and exclusive, global partnership to provide insurance products and related services through a central digital insurance platform. The deal comes two years after ING was forced to dismantle its insurance strategy by selling the last of its stake in NN Group, the biggest insurer in the Netherlands. This was to comply with EU state aid rules after the Dutch government bailed it out during the 2008 financial crisis. Under the partnership, ING will provide its digital banking experience and AXA its expertise in modular insurance products and services, offering property & casualty (P&C), health and protection insurance solutions to ING...

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ING to sell Malaysian insurance unit to AIA for $1.73 billion, Reuters

HONG KONG/AMSTERDAM (Reuters) - Pan Asian insurer AIA Group Ltd has agreed to buy ING's ING.AS Malaysian insurance operations for $1.73 billion in cash, handing the Dutch financial services firm its first deal in a nine-month drive to sell off Asian assets. The sale of the Malaysian unit is expected to be followed soon by the divestment of ING’s Japan, South Korea, Hong Kong and Thailand units, as the bailed-out Dutch financial firm offloads assets to repay 10 billion euros ($12.9 billion) in state aid received during the 2008 financial crisis. For AIA, the purchase of the Malaysian operations marks its second M&A deal in less than a month, and gives it a leading position in the fast...

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NN Belgium Sells €3.3 Billion Closed-Book Life Insurance Portfolio to Athora, Cleary Gottlieb

Cleary Gottlieb represented global insurer and financial services provider NN Group (NN) in the sale by its subsidiary NN Insurance Belgium (NN Belgium) of a closed book of life retail insurances, representing approximatively €3.3 billion of assets and liabilities, to Athora Belgium (Athora). The transaction provides Solvency II capital relief to NN and further simplifies NN Belgium’s IT structure, enabling it to focus on executing its strategy to further grow its protection and pension business and build on its strong distribution network in the Belgian market. The transaction was announced on October 8, 2021, and closed early October 2022, after regulatory approvals had been...

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Societe Generale announces Boursorama is in exclusive talk with ING to offer ING retail customers in France the best alternative - Société Générale

A customer journey and a support dedicated to ING’s retail banking customers in France Following ING's decision to exit the French retail banking market, Societe Generale announces that Boursorama has signed a Memorandum of Understanding (MOU) with ING to offer ING's online banking customers in France the best alternative banking solution, with dedicated customer journey and support conditions. Depending on the product, the offer would include special welcome packages and streamlined sign-up process for ING customers who would choose to become Boursorama’s customers. The final agreement would cover day-to-day banking products (current accounts and credit cards), savings accounts, life...

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ING Bank Case Study, Invicti

ING EURASIA IT Audit Team Chooses Invicti to Detect Web Application Vulnerabilities As opposed to other web application scanners we used, Invicti is very easy to use and does not require a lot of configuring. An out of the box installation of Invicti Web Application Security Scanner can detect more vulnerabilities than any other web application security scanner we have used so far. – Perry Mertens, Audit Supervisor within the ING Insurance EURAsia IT Audit team An international financial institution such as ING Insurance that has offices all over the world, remote employees, and a sophisticated infrastructure, depends heavily on web applications. Web applications such as internal...

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China Pacific Insurance Group and The Carlyle Group Name Former ING Chief Patrick Poon Chairman of Operation Committee of China Pacific Life Insurance, Carlyle

Shanghai - China Pacific Insurance (Group) Co., Ltd. (CPIC Group) and the global private equity firm The Carlyle Group today appointed Patrick Poon as Chairman of the Operation Committee, which oversees the day-to-day operations and management of China Pacific Life Insurance Co., Ltd (CPIC Life). David Wolf was named Executive Deputy General Manager of CPIC Life, with a focus on operational efficiency and risk management. Commenting on the new appointment, Wang Guoliang, Chairman of CPIC Group, said: "We are excited to have two accomplished individuals on board. As we continue to expand into new products and services, Patrick will be a great asset to accelerate CPIC Life’s growth and...

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ING to sell ING Life Korea to MBK Partners

ING announced today that it has reached an agreement to sell ING Life Korea, its wholly owned life insurance business in South Korea, to MBK Partners for a total purchase price of approximately KRW 1.84 trillion (EUR 1.24 billion at current exchange rates). Under the terms of the agreement, ING will hold an indirect stake of approximately 10% in ING Life Korea for an amount of KRW 120 billion (EUR 80 million at current exchange rates). ING has also reached a licensing agreement that will allow ING Life Korea to continue to operate under the ING brand for a maximum period of five years. In addition, over the course of one year,...

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ING Introduces Spanish-Language Life Insurance Education Web Site, Insurance & Technology

ING introduces Spanish-language ING for Life en Espanol to improve outreach to underserved U.S. Hispanic market. ING for Life en Espanol, a new, interactive online tool that aims to make it easier for Spanish-speaking Americans to learn about life insurance, has been unveiled by The ING Life Companies (Minneapolis). According to the insurer, ING for Life en Espanol walks consumers through an education process to help them determine the type of life insurance products and estimated amount of life insurance that best fits their personal situations. Modeled after the company's English-language site ING for Life, ING for Life en Espanol includes Hispanic actors and culturally relevant language...

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