Standard life insurance company ↝ Life insurance

Aviva promises stability as rival Standard Life reshapes -

Yesterday (8 March) the FTSE 100 insurance company revealed profits were up 2 per cent in the past year to £3bn. Jason Windsor, chief financial officer of Aviva UK Life, said: "There will be a period of disruption while Standard Life Aberdeen undertake that merger and we will be saying that we offer stability to our clients and will continue to offer that to them as best that we can." Phoenix will buy Standard Life Aberdeen's book of insurance contracts, including annuities and workplace pensions, as part of a £3bn deal announced last month. The deal will see £166bn of insurance assets moved to Phoenix, while Standard Life Aberdeen will retain the core of its retail...

ManhattanLife agrees to acquire Standard Life and Casualty Insurance Company

ManhattanLife agrees to acquire Standard Life and Casualty Insurance Company David Harris, CEO of ManhattanLife, announced today the acquisition of Standard Life and Casualty Insurance Company, expanding the company’s growing national footprint and complementing their already robust product offerings. Incorporated in 1946, Standard Life and Casualty offers a diverse portfolio of high-quality products, including Specialty Life, Health, Accident and Disability. Standard Life has been owned and managed by John Piercey, his son Brad Piercey and the Piercey family for more than 41 years. John is Chairman and Brad is CEO and President. Brad Piercey will continue in his role as President. “This...

Phoenix Group shakes up savings business -

The five divisions form part of its Open business arm, which manufactures and underwrites long-term savings and retirement products, and will run alongside its heritage arm and newly acquired ReAssure business. Phoenix has appointed Aviva’s Tom Ground as managing director of its retirement services business unit. Mr Ground, who will join Phoenix in January, is currently managing director of annuities and equity release at Aviva and brings 20 years of life and pensions experience, having previously held senior roles at L&G and Accenture. Meanwhile, Gail Izat and Jenny Holt – existing members of the Phoenix senior management team – will become managing directors of the...

Standard Life Asia starts a new chapter following transaction completion - NS Insurance

The Company will be led by the new Chairman Mr Zhenyu Liu and Chief Executive Ms Olivia Liu, who are both senior executives with HASL, with immediate effect. Ms Liu will be stationed in Hong Kong to lead the Company Standard Life Oversea completes the sale of Standard Life Asia to Heng An Standard Life Insurance. (Credit: Pixabay/Capri23auto.) Standard Life (Asia) Limited (“Standard Life Asia” or “the Company”) announced today that it is starting a new chapter following the completion of the sale of the Company by Standard Life Oversea Holdings Limited, a wholly owned subsidiary of Standard Life Aberdeen plc (“SLA”) to Heng An Standard Life Insurance Company Limited (“HASL”). The Company...

Amalgamated Life Rebrands, ThinkAdvisor

Paul Mallen (Photo: Amalgamated Life) Amalgamated Life Insurance Company is trying to make more use of the Amalgamated name and help people understand what it does. The White Plains, New York-based life and health insurer was founded in 1943. It’s licensed in all 50 states and the District of Columbia. It sells products such as group term life insurance, group disability insurance, medical stop-loss insurance, specialty drug cost management services, and many voluntary benefits products, such as voluntary dental insurance and voluntary critical illness insurance. Amalgamated says it will be changing the names of some of the companies in its corporate group, and adding a tagline to preferred...

AM Best Places Credit Ratings of Standard Life and Casualty Insurance Company Under Review With Positive Implications

AM Best has placed under review with positive implications the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "bb" of Standard Life and Casualty Insurance Company (Standard Life and Casualty) (Salt Lake City, UT). The rating actions follow the recent announcement by ManhattanLife of its agreement to acquire Standard Life and Casualty. The transaction is expected to close in 2020 and is subject to regulatory approvals. The positive implications reflect the financial strength of the acquirer, ManhattanLife. The ratings will remain under review pending completion of the transaction and discussions with the new parent. This press release...

AM Best Places Credit Ratings of Standard Life and Casualty Insurance Company Under Review With Positive Implications, Benzinga

AM Best Places Credit Ratings of Standard Life and Casualty Insurance Company Under Review With Positive Implications AM Best has placed under review with positive implications the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "bb" of Standard Life and Casualty Insurance Company (Standard Life and Casualty) (Salt Lake City, UT). The rating actions follow the recent announcement by ManhattanLife of its agreement to acquire Standard Life and Casualty. The transaction is expected to close in 2020 and is subject to regulatory approvals. The positive implications reflect the financial strength of the acquirer, ManhattanLife. The ratings...

Standard Life to sell Hong Kong insurance business Standard Life (Asia) to China's Heng An Standard Life Insurance Company - Business Insider

The Edinburgh-based group said the sale to its Chinese joint venture, subject to approval, aligns its Hong Kong and China insurance businesses Standard Life has agreed to sell its Hong Kong insurance business Standard Life (Asia) Ltd to its Chinese joint venture, Heng An Standard Life Insurance Company Ltd. The Edinburgh-based group said the sale, subject to local regulatory and other approvals in mainland China and Hong Kong, aligns its Hong Kong and China insurance businesses. Standard Life said the final consideration will be calculated as at the date of completion, which could take up to 18 months, and will be payable in cash. Standard Life Asia was established in 1999 as a wholly-...

Life Insurance Policies: The Good - IRA Advantage

For decades people have purchased life insurance policies to fulfill a particular purpose. Now, due to tax reform and other factors, some people are rethinking their insurance policies. David Moore of IRA Advantage talks with Art Scavola of Pinnacle Insurance about the life settlement marketplace and the option of selling life insurance policies that are no longer serving their purpose. Watch or Read Life Insurance as a Financial Solution Art Scavola: Life insurance provides a financial solution that typically is not available through other forms of investments, because you’re dealing with dollars that are going to be delivered at an unknown future date for a discount to the actual...

Phoenix to acquire £3.24bn insurance business from Standard Life Aberdeen - Reinsurance News

Phoenix to acquire £3.24bn insurance business from Standard Life Aberdeen The UK’s Phoenix Group has unveiled its plans to acquire the majority of Standard Life Assurance Limited and employee benefits arm Vebnet Limited for a total consideration of £3.24 billion, and to enhance their long-standing strategic partnership with current owners Standard Life Aberdeen (SLA). This transaction sees SLA complete their transformation from insurance to investment company, as the purchase will encompass all of SLA’s UK and European life insurance business. The £3.24 billion sales figure will consist of a cash consideration of £1.97 billion, a £312 million pre-completion dividend, and the issuance to SLA...