Monthly Archive: March 2019

New York Life Surpasses $1 Trillion Of Individual Life Insurance In U.S.

Reaches new company highs for surplus, life insurance and annuity sales, and dividend payout NEW YORK–(BUSINESS WIRE)– New York Life, America’s largest mutual life insurer, today announced strong financial results for 2018, marked by...

BMO Report: Why a Quarter of Canadians Didn’t Save Last Year

When it comes to saving patterns, it seems like Canadians are caught at two opposite ends of the spectrum. According to a recent Bank of Montreal survey, 15 percent of Canadians managed to tuck...

Genworth Financial To Lay Off 21 At Virginia Offices

Genworth Financial Inc. is laying off about 80 employees, including 21 workers at the company’s corporate headquarters in Henrico County. The insurance giant said about 35 people also will be laid off from the...

Franklin Templeton launches alternatives fund in Canada

Franklin Templeton Investments Canada today introduced the Franklin K2 Alternatives which provides investors with access to alternatives investments in a mutual fund format.

Canada Life Re to reinsure €5.5 billion of longevity risk in Europe

Great-West Life subsidiary, Canada Life Reinsurance (Canada Life Re), has announced a long-term reinsurance agreement with VIVAT, a Dutch insurer, to cover $5.5 billion euros of longevity risk. The agreement affects more than 150,000...