Lemonade may settle international lawsuit – reports
Co-founder states insurtech giant will drop complaint once firm implements changes
Monthly Archive: August 2018
Insurance investments in big data to hit US$2.4 billion this year – report
Industry investments are only expected to grow in the coming years
Showdown Looms Over NY Push To Add Life Insurance To NAIC Rule
New York and California insurance officials signal a steadfast willingness to fight for life insurance to be included in any NAIC annuity best-interest rule.
The post Showdown Looms Over NY Push To Add Life Insurance To NAIC Rule appeared first on InsuranceNewsNet.
BC regulator alleges Ponzi scheme
The British Columbia Securities Commission announced today that it has issued a notice of hearing alleging that three residents participated in a fraudulent investment scheme.
Carriers Reshape Indexed UL While Variable UL Sales Heat Up
Universal life products are hot and insurers are wasting no time tweaking their product offerings to take advantage of a fast-selling segment. First-quarter sales of indexed universal life rose 12 percent to $486 million compared to the year-ago period.
The post Carriers Reshape Indexed UL While Variable UL Sales Heat Up appeared first on InsuranceNewsNet.
Hub International Acquires Ontario-Based Southland Insurance Brokers Inc.
Chicago, IL (Aug. 3, 2018) – Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired Southland Insurance Brokers Inc. (Southland). Terms of the acquisition were not disclosed. With...
Empire Life reports 71 per cent increase in net income for second quarter
Empire Life has reported common shareholders’ net income of $57.3 million for the second quarter of 2018, compared to $33.4 million for Q2 2017 – an increase of 71 per cent.
WisdomTree launches two new ETFs
WisdomTree Asset Management Canada today announced the launch of two new exchange-traded funds: the WisdomTree Japan Equity Index ETF and the non-hedged units of the WisdomTree ICBCCS S&P China 500 Index ETF.
Hub International Acquires The Insurance Business Of Ontario-Based Cypher Systems Group Inc.
HUB to Establish New Canadian Service Center Operation Chicago, IL (Aug. 2, 2018) – Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the Property and Casualty insurance...
Wawanesa residential & auto insurance to be available exclusively through Quebec insurance brokers
Montreal, QC (July 31, 2018) – Building on the company’s nearly 90-year history in Quebec, Wawanesa will soon sell its insurance products exclusively through independent Quebec insurance brokers, the company has announced. Effective the closing...