British multinational life insurance and financial services firm Prudential has agreed to divest £12bn of UK annuity portfolio, covering 400,000 policyholders, to Rothesay Life. Source: Insurance Business
Tagged: insurance company
A private equity consortium led by Centerbridge Partners has completed the $952m acquisition of Canopius from Sompo Holdings. Source: Insurance Business
South African financial services group Sanlam will acquire the remaining 53.37% stake in Saham Group's insurance business for $1.05bn. Source: Insurance Business
FICO announced that the FICO Enterprise Security Score is the first cybersecurity rating to include powerful risk assessment and modeling capabilities to help insurers make better underwriting, pricing and portfolio decisions, and meet profitability targets for their cyber book of business. Source: Insurance Business
Long term care is a major concern of Canadian senior citizens and their families. Studies have shown that Canadians rank long term care second, behind saving for retirement, when prioritizing financial needs. Unfortunately, many Canadians do not want to think about needing long term care and, therefore, fail to plan for it. Others wrongly assume that...