Goldman Sachs Group Inc. has retreated even further from the life settlements arena, shutting down Longmore Capital, its life settlements provider.
Volume from life settlements transactions is expected to reach $13 billion in face amount annually over the next three years, according to research from Aite Group.
For the first time they can recall, several independent broker-dealers have been solicited by life settlement companies to sell private placements of securities based on life insurance policies.
Tighter regulation of sales, more mergers and continued capital building are three developments insurance carriers are likely to experience in 2010.
Sales of fixed annuities fell during the third quarter to $21.9 billion, a 21% decline from a year earlier, according to data from Beacon Research Publications Inc.
Despite getting smaller, Royal Bank of Scotland still has some very big problems. Bad loans and a shaky economy top the list. Turning a profit? That's still a ways off.
Oklahoma State University's athletic fund and Lincoln National Life Insurance Co. are embroiled in a legal flap over a failed funding plan for charitable insurance.
Standard and Poor's today downgraded The Phoenix Cos Inc.'s counterparty credit rating to triple-C+ from B-.
The Independent Insurance Agents & Brokers of New York Inc. will proceed with legal action to try to stop a New York Insurance Department producer compensation regulation from taking effect, the DeWitt, N.Y.-based group announced Wednesday.
Lincoln National Corp. announced today that it has opened a new Los Angeles office to help it sell more Lincoln Financial Group life insurance products to small-business owners and high-net-worth individuals on the West Coast.
The New York State Insurance Department released its final producer compensation disclosure regulation Tuesday.
California's insurance commissioner said Tuesday he will push insurance companies doing business in California to divest up to $12 billion in indirect investments in Iran's defense, nuclear, energy and banking industries.
The catastrophe bond market is poised for an active fourth quarter as several factors combine to boost the insurance-linked-securities sector, according to experts and observers
Aon Corp.said today its first-quarter profit jumped 28% as the insurance broker was able to slash costs, more than offsetting a slight decline in revenue.
From the start, the man accused of killing motivational speaker Jeffrey Locker told a startling tale: He said Locker asked for help stabbing himself to death so his family could collect life insurance money.
American International Group Inc. is in talks with MetLife Inc. to sell one of it's largest insurance units for between $14 billion and $15 billion, according to news reports Tuesday citing people familiar with the matter.
After just three months as head of embattled insurer American International Group, Robert Benmosche has threatened to leave his post as he struggles to deal with heavy government oversight and restrictions on what the bailed-out company can pay employees, according to a published report.
MetLife Inc. is licking its chops at the opportunity to expand overseas, according to published reports.
