Life insurance assets from Swiss Re in U.S. may soon be for sale

life insurance news

The company has announced that it is considering a retreat from the market in the United States. Sources familiar with Swiss Re Ltd. have revealed that it is thinking about putting its Aurora National Life Assurance Co. up for sale as it is drawing back from the American health and life insurance marketplace. This second largest reinsurer in the world is now taking efforts to seek out buyers for the assets. Swiss Re is working alongside Barclays PLC in order to be able to locate buyers for Aurora National as…

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New life insurance rules may have dramatic impact on industry

New York Homeowners Insurance Rules

Top regulator warns of potential impact of new life insurance rules The New York Department of Financial Services has issued concerns regarding emerging rules that may affect the nation’s life insurance industry. Benjamin Lawsky, Superintendent of the agency, released a five-page letter to state insurance commissioners throughout the U.S. warning them that new rules for the life insurance sector could severely impact claims reserves and lead to insolvencies. These rules are summed up in “principles-based reserving,” a concept that has already become somewhat popular amongst states with flagging life insurance…

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Life insurance industry troubles may fall to consumers

Life Insurance News

Life insurance industry representatives meet to list their woes The woes of the U.S. insurance industry are likely to get the notice of consumers, even those that are not so keenly attuned to the world of insurance news. This may be particularly true in the realm of life insurance. The life insurance industry has been facing troubling times in the U.S. and representatives from some of the largest companies in the country met in Washington for the American Council of Life Insurers conference to list their woes. These troubles are…

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MIB Life Index shows 4.2 percent increase in American life insurance activity this year

Life insurance market seeing a growth spurt. According to the data from the MIB Life Index, the American application activity, all ages combined, for the first quarter of 2012 in individually underwritten life insurance saw a 0.3 percent year-over-year increase. Though April has been seeing a slow decrease in this activity, the first quarter as a whole saw a year-over-year rise by 4.2 percent. This is the best improvement that the industry has seen since 2007. In February, the application activity was 4.5 percent higher than it was in March.…

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