Tag Archives: life insurance

Achmea and Lifetri Merge Pension and Life Portfolios to Form Leading Dutch Insurance Provider

(IN BRIEF) Achmea and Lifetri are merging their pension and life insurance portfolios to form Achmea Pension & Life Insurance N.V., creating one of the Netherlands’ top three providers in the sector, serving over 2.1 million customers. Sixth Street, Lifetri’s … Read the full press release

Aviva Reports 98.3% Claims Paid Rate in Individual Protection Policies

(IN BRIEF) Aviva has paid out more than £1bn ($1.39bn) across life insurance, critical illness, income protection, and other individual protection policies, exceeding £2.9m being paid out every single day in 2022. The claims paid rate of 98.3% across all … Read the full press release

Zurich Insurance Group improves its capital utilization across its life back book with the sale of Italian life and pensions back book to Portuguese insurance company GamaLife

Transaction to release approximately USD 1.2 billion of capital and add 11 percentage points to the Group’s Swiss Solvency Test ratio1 Significant reduction in the Group’s exposure to credit risk Zurich will focus on protection and unit-linked solutions in the … Read the full press release

Allianz Life announces a $35-billion fixed index annuity portfolio reinsurance agreement, one of the largest transactions of this type

Allianz Life reinsures $35 billion of liabilities of fixed index annuity book in one of the largest transactions of its kind Agreement underscores shared values of flexibility, ability to scale, risk management, and commitment to policyholders Transaction expected to improve … Read the full press release

Aviva announces the sale of its remaining Life and General Insurance businesses in Italy

(PRESS RELEASE) LONDON, 4-Mar-2021 — /EuropaWire/ — Aviva’s transformation to focus on its strongest businesses continues and thus announces its exit from Italy with the sale of its remaining Italian Life and General Insurance businesses (“Aviva Italy”) for €873m in … Read the full press release

Aktia Life Insurance’s Director of Business Development Riikka Luukko becomes the insurer’s new CEO

(PRESS RELEASE) HELSINKI, 31-Aug-2020 — /EuropaWire/ — Finnish Aktia Life Insurance, part of Aktia Bank (HEL: AKTIA), has announced it will have a new CEO beginning of 1 September, 2020. The insurer’s current Director of Business Development and Board member … Read the full press release

IKEA rolls out home insurance in Switzerland and Singapore in partnership with white-label insurance digital platform iptiQ

IKEA rolls out home insurance in Switzerland and Singapore in partnership with white-label insurance digital platform iptiQ

(PRESS RELEASE) ZURICH, 18-Feb-2020 — /EuropaWire/ — Swiss Re owned white-label insurance provider iptiQ partners with IKEA over making home insurance more accessible and affordable. The two companies will launch a home insurance offering called HEMSÄKER, which can be arranged … Read the full press release

Allianz to establish life insurance joint venture in Japan with AEON Financial Service

Allianz to establish life insurance joint venture in Japan with AEON Financial Service

(PRESS RELEASE) MUNICH, 4-Feb-2020 — /EuropaWire/ — Allianz SE announced it will establish a life insurance joint venture (JV) with bank holding group AEON Financial Service (AFS). The newly formed joint venture will focus on developing and marketing life insurance … Read the full press release

Aegon’s 50% stake in the variable annuity joint ventures in Japan sold to partner Sony Life for EUR 130 million

(PRESS RELEASE) THE HAGUE, 17-May-2019 — /EuropaWire/ — Aegon‘s partner in the variable annuity joint ventures in Japan Sony Life takes over its 50% stake. The transaction is for approximately EUR 130 million (JPY 16 billion). Commenting on the acquisition, … Read the full press release

Natixis to issue green structured note in Groupe Gan Vie life insurance policies aimed at supporting the fight against climate change

(PRESS RELEASE) PARIS, 29-Apr-2019 — /EuropaWire/ — Natixis and Groupama Group‘s subsidiary Groupama Gan Vie will launch the first green structured note aimed at supporting the energy transition. The innovative unit-linked insurance product will be issued by Natixis (Issuer: Natixis … Read the full press release

Capgemini positioned as a Leader on the Everest Group Life & Pensions Insurance Digital Services PEAK Matrix(tm) 2019

(PRESS RELEASE) PARIS, 9-Apr-2019 — /EuropaWire/ — Everest Group’s inaugural Life & Pensions (L&P) Digital Services PEAK MatrixTM sees Capgemini among the leaders. Capgemini’s ability to gain global insights through its consulting heritage along with its robust digital services, and … Read the full press release

Prudential plc and Standard Chartered Bank to jointly serve the fast-growing demand for life insurance products and services in Ghana

LONDON, 08-Aug-2018 — /EuropaWire/ — Prudential plc and Standard Chartered Bank have extended their exclusive long-term bancassurance partnership to Ghana to jointly serve the fast-growing demand for life insurance products and services. The exclusive strategic bancassurance partnership between the two organisations … Read the full press release

Aviva’s second ‘Mind the Gap’ report: Europe’s pension savings gap surpasses €2 trillion a year

New findings from Aviva reveal that Europe’s pension savings gap remains a growing issue As European Governments grapple with public debt levels and the wider challenges of an ageing population, individuals will need to take greater responsibility for their own … Read the full press release

The Vienna Insurance Group’s Czech businesses extended its considerable market share by 0.6 percentage points to 33.7 percent

VIENNA, 12-3-2015 — /EuropaWire/ — The Vienna Insurance Group’s Czech businesses have further enhanced their position in the company’s largest CEE market. The Group extended its considerable market share by 0.6 percentage points to 33.7 percent, significantly widening the gap … Read the full press release

Prudential plc confirmed The Prudential Assurance Company Limited (PAC) completed domestication of its Hong Kong branch

London, UK, 6-1-2014 — /EuropaWire/ — Prudential plc today confirms that The Prudential Assurance Company Limited (PAC) has completed the process of domesticating its Hong Kong branch.  The Hong Kong branch of PAC was transferred on 1 January 2014 to two new … Read the full press release

New methodology reveals Aviva’s carbon offset programme has positively impacted the lives of more than 200,000 people

30-8-2013 — /EuropaWire/ — Aviva, the UK’s largest insurer and one of Europe’s leading providers of life and general insurance partnered with climate and development experts ClimateCare, to develop a new way to measure and report the full impact of offsetting Aviva’s … Read the full press release