Nestle thinking of selling off its Gerber Life Insurance

gerber life insurance nestle phone elderly senior baby

The company’s board of directors is looking into options for that business, including its sale. Nestle’s board of directors is looking into various different options concerning its Gerber Life Insurance business. The company has not ruled out selling off the business as it works to try to adjust its product portfolio. The purpose of Nestle’s efforts is to enhance the effects of a broader organic sales growth strategy. The portfolio management which includes the decision of whether or not to sell the Gerber Life Insurance business is meant to help…

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Zurich Insurance company brings in new global life CEO

Zurich Insurance Company News Building in Leeds

Gary Shaughnessy has now been appointed as the chief executive officer as the insurer shuffles leadership again. The Zurich Insurance company has now announced that it has changed leadership in its Global Life business for the second time in a span of two years, now that it has appointed Gary Shaughnessy to the position. The new CEO had already been the head of the life insurance business for the U.K. with extensive experience. The 49 year old had also been the interim CEO of global life in Asia, Europe and…

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Life insurance sales to begin in Massachusetts by Mapfre USA

life insurance agent policy

The largest auto insurer in the state has now announced that it is branching into this coverage sector. The Commerce Insurance parent company, Mapfre USA, has now announced that it will be branching out into the life insurance market in Massachusetts, expanding its offerings to consumers in the state. This is occurring as the company faces increasing competition in the auto insurance market. Large national companies such as Progressive and GEICO have been putting the pressure in the traditional business of Mapfre USA, so that insurer is now reaching out…

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Life insurance business in Taiwan being sold by Manulife

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The company has announced that it will be ending the relationship that they have had in the country for 11 years. Manulife Financial Corp. has now announced that it will be ending an 11 year life insurance business relationship in Taiwan, and that it will be selling this business for about $25 million. The company has already found a buyer for this unit, and the acquisition processes are underway. CTBC Life Insurance Co., Ltd., will be purchasing this business from Manulife. It is the insurance arm of a large Taiwan…

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Independent Insurance Agent Brian Greenberg Selected for Million Dollar Roundtable

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Insurance News: Unobtrusive business model led to success! PHOENIX, Arizona – Million Dollar Roundtable, the premier association for professionals in the financial and insurance field, has selected Phoenix-based life insurance agent Brian Greenberg to be a 2013 member. Only the top 1 percent of agents qualify for membership, which is based on sales volume and commissions. The organization also has a strict code of ethics. Greenberg’s company, True Blue Life Insurance, began in an unusual way. He started his career working as a traditional agent for MetLife, setting up appointments…

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Life insurance unit in U.S. sold by Sun Life Financial

life insurance business sold

The sale of this and its American annuity business was made for a reported $1.35 billion. Sun Life Financial has just announced that it has come to an agreement with Delaware Life Holdings to sell its U.S. annuity unit as well as some of its life insurance businesses for a reported $1.35 billion. The buyer is a company that is owned by the Guggenheim Partners group of shareholders. According to president and chief executive officer of the seller, Dean Connor, “This transaction represents a transformational change for Sun Life.” Connor’s…

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Life insurance deal dropped by KB Financial

life insurance no deal

The bid that had been made for ING’s business in that sector in Korea has now been removed. Though ING Groep had received a bid on its Korean life insurance assets, that opportunity has now been lost as the sole buyer who had been involved in the deal has now withdrawn the offer that it had made. KB Financial Group was the would be buyer of the business that ING held in that market of Korea. Now, KB Financial, which is based in Seoul, has pulled out the bid that…

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Life insurance industry may be in for a rough future

life insurance awareness in Iraq

Life insurance industry must adapt to change or it will fail The life insurance industry is facing a changing landscape, new risks, and emerging trends that could have a drastic effect on business. A new report from PwC US, an industry-focused consulting firm, suggests that life insurance companies will need to adapt to these changes if they wish to survive the next decade. The report, titled “Life Insurance 2020: Competing for the Future,” highlights several of the emerging factors that could have major influence over the life insurance industry. Report…

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Life insurance business shut down, cutting 139 jobs

Closed life insurance business

Scotland’s largest insurer will be eliminating its U.K. unit as it moves away from the sector. Standard Life Plc, the biggest insurer in Scotland, will be leaving the life insurance industry, leaving 139 people from its United Kingdom unit out of a job. The majority of the positions will be lost in Scotland, within several different divisions. Standard Life insurance jobs will be lost in the marketing and advising divisions, as well as in information technology, according to a statement from the company. The insurer has said that it has…

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Americans have a lack of trust for insurance agents, leading them to purchase less coverage

Insurance plays a vital part in protecting people against accidents, catastrophes, and illnesses to make sure that they and their families do not suffer tremendous financial hardships should any of those circumstances occur. However, many are hesitant to obtain policies because they feel that they cannot trust an agent or insurer. In the United States, the number of individual life policies that are purchased every year has fallen by 45 percent over the last quarter century, even though the number of households that include children has risen by more than…

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