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A.M. Best Affirms Ratings of Farmers’ Mutual Group and FMG Insurance Limited
HONG KONG–(BUSINESS WIRE)–A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit ratings of “a” of Farmers’ Mutual Group (FMG) and its subsidiary, FMG Insurance Limited (FMGIL) (both domiciled in New Zealand). The outlook for all ratings is stable. [...]

Hub International Acquires Additional Operations of Phoenix Insurance Group
CHICAGO–(BUSINESS WIRE)–Leading insurance brokerage Hub International has acquired the assets of 4 additional middle market agencies that operate as part of the Phoenix Insurance Group, a partnership of Alberta-based brokers
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Daiichi to take over Tower Group
TOKYO: Japan’s Daiichi Life Insurance Co plans to buy the shares it does not already own in Tower Australia Group Ltd for about 100 billion yen (US$1.21bil), the Nikkei business daily said yesterday.
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Life Insurance Corporation of India (LIC) and Infosys Technologies Limited on Thursday announced renewal of the group life insurance policy covering all employees of Infosys, making it the largest ever group policy in India of Rs 24000 crore. This is the highest cover offered by any insurance company, under any single employer-employee group life insurance [...]

Insurance group Standard Life to axe 600 jobs in major overhaul
Target of £100m cost savings to be reached by 2011 Insurance and pensions group Standard Life is to cut 600 jobs over the next 15 months as part of a major overhaul of the business. The Edinburgh-based insurer’s new chief executive David Nish, who took over [...]

ZURICH LIFE INSURANCE GROUP ANNAUL BALL

Sun Life Financial Offers Group Life Customers New Value-Added Services
The US division of Sun Life Financial, a provider of range of protection and wealth accumulation pro … Aviva said that it has re-entered Singapore’s general insurance market and it has also plans to roll …
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