Sentences with phrase «life insurance unit»

However, in the vast majority of states, life insurance units carry the same meaning with nearly every policy contract.

October 23, 2016 update: China Oceanwide Holdings Group Co. agreed to buy Genworth Financial Inc. for $ 2.7 billion in cash, pledging to help the U.S. firm manage its debt and strengthen life insurance units after it was hurt by higher - than - expected losses tied to long - term care coverage.

In 2012, he sold in rapid succession the brokerage arm to AIG, the individual life insurance unit to Prudential, and the 401 (k) retirement franchise to MassMutual, allowing The Hartford to add $ 1.5 billion in capital.

In mid-January 2016, with that verdict still pending, it announced that it was considering divesting itself of its US life insurance unit, a plan which could undermine the US government's efforts to increase oversight of nonfinancial firms that are considered «too big to fail.»

National Australia Bank has appointed Deloitte to compile more detailed financial information on its beleaguered life insurance unit, as it assesses strategic options including a full or partial sale.

Last year James, who was advising the New York Fed at the time, worked closely with Debevoise lawyers representing AIG on the company's $ 35.5 billion sale of its Hong Kong - based Asian life insurance unit to U.K. insurer Prudential.

Also planning an IPO is AIG's Asia life insurance unit, according to Bloomberg.

Farmers Insurance, a subsidiary of Zurich Financial Services, sells property & casualty insurance and life insurance products through Farmers New World Life Insurance unit, while Farmers Reinsurance unit reinsures the exchange members.

Anbang's main life insurance unit gets the bulk of its premium income from short - term policies sold through bank branches that clients can typically redeem after as little as two years, according to its 2015 annual report.

The disposal of the bank's life insurance unit is now said to be imminent.

National Australia Bank is mulling the future of its remaining wealth businesses, while AMP and Suncorp continue to ponder the future of their life insurance units.

Commonwealth Bank is also looking at the future of its global asset management business, after selling its life insurance unit last year.

The Hartford CEO Liam McGee said in a statement this week that the closing to «repurchase the debentures and warrants represent» an important step for the company, which is considering the sale of its life insurance unit, as part of an effort to streamline its operations.

Among his most notable recent work, Ted counseled a global insurance company in its compliance with immigration requirements in connection with its acquisition of the life insurance unit of a leading competitor, and assisted a U.S. - based integrated media, education and financial information company in maintaining full business immigration law compliance in the context of the spinoff of one of its companies into an independent entity.

Meanwhile, the transaction frees up cash for Zurich, which last year sold its life insurance unit to Bank One in a $ 500 million deal to focus on its commercial property business, a sector in which it is one of the largest companies in the U.S.