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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...

I Take It Back! Ontario Court Of Appeal Allows Employee To Withdraw Her Resignation - Employment and HR - Canada

Canada: I Take It Back! Ontario Court Of Appeal Allows Employee To Withdraw Her Resignation In English v Manulife Financial Corporation, the Court of Appeal overturned the motion judge's finding (previously blogged on by CCPartners here ) that the plaintiff could not rescind her notice of resignation. The employee was 64 years old and planning to retire in the near future. The employee had worked for Standard Life insurance for nine years before it was acquired by Manulife Financial Corporation (Manulife). Manulife announced its intention to implement a new computer system. Upon hearing this, the employee gave her supervisor a letter indicating that she would retire at the end of the...

Standard Chartered transforms domestic custody transactions with Ceylinco Life Insurance Limited, Colombo Gazette

Standard Chartered announced that it’s global internet banking platform, Straight2Bank facilitated the migration of Ceylinco Life’s Custody Transactions to a fully automated platform. Following the successful integration, the platform was inaugurated on the approval of its maiden electronic transactionon Thursday, 01 August 2019. Ceylinco Life moved its investment management and finance functions to SAP S/4HANA, which is one of the latest and cutting-edge ERP solutions available in the market. The integration with Straight2Bank is set to innovate and change the transaction banking landscape of Sri Lanka’s domestic Custodian segment. Standard Chartered’s Straight2Bank is a fully...

The Standard Launches Index Select Annuity with LPL Financial, Business Wire

PORTLAND, Ore.--( BUSINESS WIRE )-- Standard Insurance Company (The Standard) announced today that the Index Select Annuity is now available through LPL Financial, LLC. LPL Financial is the largest independent broker-dealer in the United States. This single premium deferred fixed index annuity has returns based on the upside performance of the popular S&P 500 index. Clients can choose one or all of these options: index crediting with a cap rate, index crediting with a participation rate or fixed interest crediting. Using the participation rate index crediting strategy, clients earn interest based on a percentage of the growth of the S&P 500 index each year. The earnings are then...

Manager- Business Systems Analysis - Philadelphia, PA - Reliance Standard Life Insurance Company, Ladders

Job Information Leads a team of Business Systems Analysts who are responsible for identification of business needs and solving problems by supporting the implementation of IT solutions that reflect the business goals. The BSA Manager is the liaison between the business units and IT in ensuring the development of solutions is a design that meets the business needs, aligned with the IT strategy, for now and in the future. The Manager will constantly seek out opportunities to challenge the status quo with solutions and ideas presented. Analyzes business processes in order to determine and develop technical solutions to meet business objectives. Leads Business Systems Analysts and staff within...