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May
21

The Global Health Care Sector Outlook: Part 1

A new report shines light on the challenges and changes that health care sectors may see in 2014 all across the globe.

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Jul
19

Health Secretary Orders Full Inquiry into Program Aimed to Ease Life for the Elderly

This week, Jeremy Hunt the Health Secretary, announced plans for a detailed investigation into the controversial 'Liverpool Care Pathway for the Dying Patient' program. The program is an NHS service which aims to offer special care and support for terminally ill patients who are assessed to be in the final days- or even hours- of their lives. But the LCP program has come under lots of…

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Aug
01

Insurance Associations Seeking Differentiation from Banking in Discussions on Regulatory Reforms

The International Association of Insurance Supervisors (IAIS) recently published a consultation paper titled, "Assessment Methodology for the Identification of Global Systemically Important Insurers". In the paper, the IAIS proposed criteria which will be used to classify insurers as "global systemically important" and invited public comment until 31 July 2012.  The paper was endorsed for consultation…

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Nov
10

Manulife and Bank of China Solidify Partnership

Manulife Financial Corporation, Canada's largest insurance company, has signed a new two-year cooperation agreement with Bank of China in a bid to further strengthen their bancassurance distribution network and sell more insurance products in the world's second largest economy. The deal was announced at a signing ceremony in Bank of China's Beijing headquarters on Wednesday. The agreement will expand…

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Jul
04

Sun Life Develops Long Term Care Plans

Canadian insurer, Sun Life Financial has launched a single premium, whole-life insurance product for its US-based clients with a new linked benefit rider that enables owners to contribute towards vital long-term care. The new policy, named Sun Care Whole Life, can be used to pay towards in-home/assisted-living care or nursing home facilities and will hope to address the substantial number of Americans…

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May
06

Mixed Results for Insurers in Asia

Sun Life Financial Inc reported that life insurance sales had fallen by 25 percent overall in its key Asian growth markets.

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Oct
13

Zurich Acquires Lebanese Insurance Company

Zurich Insurance Co. Ltd., a subsidiary of Zurich Financial Services AG, the Swiss insurer, has announced the acquisition of Compagnie Libanaise D'Assurances (CLA), a privately-owned Lebanese insurance company founded in 1951 that has branches in the United Arab Emirates, Kuwait and Oman.

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Oct
04

AIG and US Government Agree On Bailout Settlement

American International Group Inc. (AIG) has recently announced it has reached an agreement with the US Government to repay the billions of US dollars it received during the credit crisis back in September 2008. The repayment plan could even return a profit to US taxpayers.

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Sep
02

Taiwanese Regulators Reject Sale of AIG Unit to Primus

The Financial Supervisory Commission (FSC) of Taiwan has recently announced it has rejected the planned purchase of the life insurance unit of AIG in Taiwan by Primus Financial Holdings Ltd. It is believed the FSC had concerns about Primus, which is based in the Cayman Islands, may be backed by funds from mainland China, thus in violation of the Taiwan law that prohibits Chinese investment in the financial sector.

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Aug
31

Allianz Group Profit Up 22% for Year to Date

Allianz Group, the German insurer, has reported a profit of US$4.95 billion (EUR 3.9 billion) for the first-half of 2010, equivalent to a 22% increase over the same period last year. Revenues during the first half of 2010 increased to US$71 billion (EUR 56 billion) from US$63.4 billion (EUR 49.9 billion) during the same period in 2009.

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