Company life assurance

Largest Life Insurance Company in Singapore and Malaysia to Invest $70 Million in Axiata Digital s Fintech Expanasion Plans

GREAT Eastern (Life Assurance) , the largest life insurance company in Singapore and Malaysia, will be investing $70 million into Axiata Digital ’s financial services business, in order to take part in the company’s Fintech-focused plans, according to Khor Hock Seng, group CEO at Great Eastern. The investment will reportedly be made through a newly launched holding company, called Boost Holdings. As mentioned in the announcement, Boost Holdings is a wholly-owned subsidiary of Axiata Digital, which is the digital services division of the Axiata Group, a major telecommunications group in Malaysia. After finalizing the investment, Great Eastern will have a 21.875% stake in Boost Holdings. As...

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A-Plus Life Assurance re-brands as Exceed Life Assurance ▷

A-Plus Life Assurance re-brands as Exceed Life Assurance A-Plus Life Assurance Company Limited (A-Plus Life) is now Exceed Life Assurance Company Limited (Exceed Life). The official renaming took place on Thursday, January 31, 2019. The company began commercial operations in January 2015, and has since joined 22 Life Insurance companies to provide financial security for Ghanaians. Life insurance is a growing market in the Ghanaian financial services sector which averages above 20 per cent per annum growth in terms of gross premium income for the past five years. This growth trend is expected to continue for the foreseeable future mainly because of the relatively low insurance penetration in...

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AM Best Upgrades Issuer Credit Rating of Liberty Union Life Assurance Company, Business Wire

OLDWICK, N.J.--( BUSINESS WIRE )--AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb+” from “bb” and affirmed the Financial Strength Rating (FSR) of B (Fair) of Liberty Union Life Assurance Company (Liberty Union Life) (Troy, MI). The outlook of the Long-Term ICR has been revised to stable from positive, while the outlook of the FSR remains stable. The Credit Ratings (ratings) reflect Liberty Union Life’s balance sheet strength, which AM Best categorizes as strong, as well as its marginal operating performance, limited business profile and marginal enterprise risk management. The upgrade of the Long-Term ICR reflects Liberty Union Life’s strengthened risk-...

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Life Insurance Company to Pay over $360,000 for Incorrectly Calculating Interest on Death Benefits,

Media Contact for Life Insurance Company to Pay over $360,000 for Incorrectly Calculating Interest on Death Benefits Alex Bradley Boston — American General Life Insurance Company (AGLI) will pay over $360,000 to resolve allegations that it failed to calculate correctly interest payments for death claims, Attorney General Maura Healey announced today. Under an assurance of discontinuance filed in Suffolk Superior Court, AGLI will pay over $180,000 to consumers and an additional $183,000 to the state. The AG’s Office alleged that AGLI violated the state’s consumer protection law when it failed to calculate the payment of interest pursuant to Massachusetts law for policies on which it...

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Achmea to sell its Irish life assurance company Friends First to Aviva

Dutch cooperative financial group Achmea has agreed the sale of its Irish life assurance company, Friends First to Aviva group plc. As part of the agreement, Achmea will transfer its entire shareholding in Friends First Life Assurance Company to Aviva. Friends First and all its of 320 employees will become part of Aviva’s business in Ireland which already has a strong presence in the Irish life and pensions market and is also a market leader in non-life insurance in Ireland. The transaction is subject to regulatory approval and customary completion conditions. As a result of the sale, Achmea expects to realize total net cash proceeds of approximately 220 million euros, consisting of...

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American Family Life Assurance Company of Columbus (AFLAC), Government Finance Officers Association

American Family Life Assurance Company of Columbus (AFLAC) With over 60 years of experience serving the public sector, Aflac understands the challenges facing public sector employers and their ability to offer expected benefits options and coverage. As the #1 in voluntary insurance sales at the worksite¹ and a brand dedicated to serving the public sector, Aflac has carefully created a suite of services and solutions tailored specifically for this audience – including family-friendly voluntary policies to help cover costs that may not be included in major medical insurance, as well as value-added services, such as Fraud Protection, AD&D, Telemedicine, and FSAs². Visit for more. Coverage...

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Edinburgh Assurance Company Ltd - Heritage - Aviva plc

Company History Edinburgh Life promotional bookmark, c1905 The projector and founder of the company was writer to the signet James Thomas Murray and the company wrote its first policy on September 11 1823 for £1,000 on the life of John Donaldson WS. Initially, the directors limited themselves to insuring the lives of members of legal bodies, accountants, bankers, bank directors, mercantile and bank accountants in Scotland. By 1824, the company was insuring between 400 and 500 lives. In June 1833, the company obtained an act of parliament to enable it to sue and be sued while further changes were made to company powers in 1845. By 1908, Edinburgh Life claimed it was the oldest office...

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Western United Life Assurance Company, Better Business Bureau Profile

Business Details 929 W Sprague Ave, Spokane, WA 99201-4014 The Manhattan Life Insurance Group Harris Insurance Holdings Group Mr. Bill Bay, Senior Vice President Mr. John E McGettigan, EVP, General Counsel, Secretary Ms. Jeanne Jarrett, Operations Manager Mr. John E McGettigan, EVP, General Counsel, Secretary Ms. Jeanne Jarrett, Operations Manager Mr. Bill Bay, Senior Vice President Business Details 929 W Sprague Ave, Spokane, WA 99201-4014 The Manhattan Life Insurance Group Harris Insurance Holdings Group Mr. Bill Bay, Senior Vice President Mr. John E McGettigan, EVP, General Counsel, Secretary Ms. Jeanne Jarrett, Operations Manager Mr. John E McGettigan, EVP, General Counsel, Secretary Ms...

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Fidelity Life Assurance, Fidelity Life Assurance

Fidelity: Future, Past & Present Why you can have faith in Fidelity Fidelity, or faithfulness, is the cornerstone of our existence. It’s what we’re all about. For great off–the-peg and tailor-made products and services that guarantee financial peace of mind, you can indeed have faith in Fidelity, through our various subsidiaries, in both local and regional spheres. An Accomplished History Ours is a long story, rich in history and accomplishments. Established first in the United Kingdom as Legal and General (Pvt) Ltd, Fidelity Life Assurance Zimbabwe came into being in 1936 when a branch was opened in Bulawayo. In 1988, a local consortium then bought the long-term assurance...

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Askari Life Assurance (AWT) - THE ASKARI GROUP OF COMPANIES

Askari Life Assurance During last quarter of 2017, majority shareholding and management control of the East West Life Assurance Company Limited has been acquired by Army Welfare Trust (AWT) and rebranded as Askari Life Assurance Company ltd. Askari Life Assurance Company Limited (Formerly East West Life Assurance Company Limited) was established in the year 1992 under the name of The Metropolitan Life Assurance Company of Pakistan Limited after the Federal Government’s decision to allow privately owned life insurance companies to operate in the country. This was done to enable more and more Pakistani families to benefit from the protection and savings value of life insurance. Currently the...

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