Life Insurance Industry News
A collection of Life Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Policybazaar to market dollar-denominated term plans of insurers through GIFT City
Digital insurance platform Policybazaar on Monday said it has started offering U.S. dollar-denominated term insurance plans of its partner insurers for non-resident Indians (NRIs) through the International Financial Services Centre, GIFT City…
HSBC sells A$30 bln Australian loan book to Blackstone, AFR reports
HSBC (0005) is set to sell an A$30 billion (HK$164.74 billion) Australian loan book to Blackstone, marking the US-based alternative asset manager's entry to Australia's home lending market, the Australian Financial Review reported. SCROLL TO…
Bermuda drawn into scrutiny of complex insurer investments
84fbbb3b-c981-4ef8-8779-bc0304107165 Brookfield Wealth Solutions, which will be housed in the newly built Brookfield House, is one of Bermuda's life reinsurance companies (Photograph by Akil Simmons) More than $1 trillion of American insurers'…
HSBC to hire 100 AI specialists, 100 wealth managers in boost to Singapore hub
HSBC (0005) will hire more than 100 artificial intelligence specialists and 100 wealth managers in Singapore, deepening investment in two areas central to the bank's Asian growth strategy as it expands higher-fee businesses and accelerates AI…
Knockout Chinese profits transform 177-year-old AMP into growth stock
A low-profile, long-running partnership between AMP and Beijing-headquartered insurance giant China Life is expected to account for one-third of the Australian wealth management firm's profits next year, turning the 177-year-old financial…
California bill would let abuse victims use trauma as legal defense for violent crime
Susan Bustamante isn't giving up. The formerly incarcerated 71-year-old woman has repeatedly made the long trip from Orange County to Sacramento to urge lawmakers to pass legislation she believes would help her fellow domestic abuse victims facing…
Insurers seek first third-party premium hike in four years as losses mount
5 min read Mumbai Make us preferred source on Google Non-life insurers are pushing for a revision in motor third-party premiums, the first in four years, as losses mount in the segment. Apart from underwriting losses in the Rs one lakh crore plus…
CSX Target of Unusually Large Options Trading (NASDAQ:CSX)
CSX Corporation (NASDAQ:CSX - Get Free Report) was the target of some unusual options trading activity on Monday. Stock investors bought 32,791 call options on the company. This represents an increase of 95% compared to the average volume of 16,818…
Primerica (NYSE:PRI) Hits New 52-Week High - Here's Why
Primerica, Inc. (NYSE:PRI - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday. The company traded as high as $317.76 and last traded at $317.06, with a volume of 5343 shares. The stock had previously closed…
Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Tompkins Financial (NYSEAMERICAN:TMP) Stock
Tompkins Financial (NYSEAMERICAN:TMP - Get Free Report) had its price target boosted by equities research analysts at Keefe, Bruyette & Woods from $98.00 to $105.00 in a research report issued on Monday, Benzinga reports. The firm presently has an…
Pagaya Technologies (NASDAQ:PGY) Trading Up 9.3% - What's Next?
Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report)'s share price was up 9.3% on Monday. The stock traded as high as $17.43 and last traded at $17.37. 299,250 shares traded hands during trading, a decline of 92% from the average session volume…
PRA Group (NASDAQ:PRAA) Shares Gap Up - Still a Buy?
PRA Group, Inc. (NASDAQ:PRAA - Get Free Report)'s stock price gapped up before the market opened on Monday. The stock had previously closed at $16.15, but opened at $17.15. PRA Group shares last traded at $17.69, with a volume of 8,300 shares. A…
MetroCity Bankshares (NASDAQ:MCBS) Stock Price Down 6.7% Following Weak Earnings
MetroCity Bankshares, Inc. (NASDAQ:MCBS - Get Free Report)'s stock price fell 6.7% during mid-day trading on Monday following a dissappointing earnings announcement. The company traded as low as $33.11 and last traded at $34.11. Approximately…
Weiss Asset Management LP Purchases Shares of 2,000,000 Rezolve AI PLC $RZLV
Weiss Asset Management LP acquired a new stake in Rezolve AI PLC (NASDAQ:RZLV - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,000,000 shares of…
Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Banner (NASDAQ:BANR) Stock
Banner (NASDAQ:BANR - Get Free Report) had its price target lifted by equities research analysts at Keefe, Bruyette & Woods from $75.00 to $78.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a 'market…
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