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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...

Best Texas Home Insurance Companies 2019,

The Best Texas Home Insurance Companies 2019 Owning a home is a rewarding experience, but it does require some extra level of responsibility and protection. That’s where homeowners insurance comes in. Homeowners insurance covers things like your physical property, personal property, and even dog bites if you have the right kind of coverage. The homeownership rate in Texas is 62%, and each homeowner is required to have homeowners insurance if their home has a mortgage. This is required by the lender, not the state. But home insurance Texas is an inexpensive way to protect yourself and your home. Some of the more costly claims that you could encounter as a homeowner include fire damage, dog...

25 out of 35 non-life insurers report higher earnings, Dhaka Tribune

25 out of 35 non-life insurers report higher earnings Earnings per share (EPS) of 25 listed non-life insurance companies out of a total 35 increased during the first six months (January-June) of 2019 compared to the same period of the previous year. Ten insurance companies registered negative growth in the same period, according to the unaudited disclosures of the companies posted on the website of Dhaka Stock Exchange (DSE). Currently the bourses have 47 listed insurance companies, including the 35 non-life companies. The rest 12 are life insurance companies. Most of the life insurance companies have not yet published the half yearly financial reports. They are allowed to make their...

Discovery Life runs nearly a million Facebook ads a month – and other things we’ve learnt in its fight with Liberty

The Discover Group is taking competitor Liberty to court – and revealing unprecedented detail of its operation in the process. In the last three years Discovery Life has bought 8.161 million Google Ad placements, plus just about a million ads a month across Facebook and Instagram. Those and other marketing efforts buy it around 5,000 online requests for quotations, its court papers show. Three Discovery companies have asked the high court in Johannesburg to stop the Liberty Group from taking into account their shared customers’ Discovery Vitality status when it calculates a cashback offer on life insurance. Though it's early stages, that legal challenge has already featured...