Insurance Industry News
 
Life Insurance Industry News
A new wave of loan defaults, this time tied to commercial mortgages, is starting to hit insurance companies and may be contributing to the stock market's woes.
Fitch Ratings said Thursday it was withdrawing its "A-" rating and negative outlook on Genworth Financial Inc. and would no longer rate or provide analytical coverage of the insurance and investment company and several of its subsidiaries.
NEW YORK & BOSTON----MetLife, a leading provider of insurance and financial services, announces that State Street Global Advisors the investment management arm of State Street Corporation and the largest institutional fund manager in the world¹, will subadvise two tactical asset allocation portfolios investing primarily in exchange-traded funds .*
John Hancock Life Insurance Company today announced the results of an in-depth study of the 2008 costs of long-term care , which found that LTC costs have been increasing in line with inflation in recent years.
NEWARK, N.J.----Prudential Financial, Inc. Chairman and CEO John Strangfeld recently received the 2008 CEO Diversity Leadership Award from Diversity Best Practices for his commitment to integrating diversity into the company’s corporate culture and business practices.
WESTPORT, Conn.----Baby Boomers may not recognize themselves and their surroundings by the year 2028 as a result of an evolving global environment and marketplace. How they adapt and mitigate risk as we move into the future is the subject of a new project by the Institute for the Future done in conjunction with the MetLife Mature Market Institute.
Genworth Financial, a leading global financial security company, has signed contracts with European financial institution Banco Mais to provide reinsurance for their payment protection insurance products in Slovakia.
Shares of Principal Financial Group Inc. fell to new