Insurance companies

AIG to Report First Quarter 2021 Results on May 6, 2021 and Host Conference Call on May 7

Retrieved on: 
Wednesday, April 14, 2021
Professional services, Other Professional Services, Insurance, Finance, Consulting, Banking, Reinsurance companies, American International Group, Subprime mortgage crisis, Economy of New York City, Insurance companies, Answers in Genesis, Types of insurance

b'American International Group, Inc. (NYSE: AIG) will report financial results for the first quarter ended March 31, 2021 after the market closes on Thursday, May 6, 2021.

Key Points: 
  • b'American International Group, Inc. (NYSE: AIG) will report financial results for the first quarter ended March 31, 2021 after the market closes on Thursday, May 6, 2021.
  • AIG\xe2\x80\x99s press release and financial supplement will be available in the Investors section of AIG\xe2\x80\x99s website at https://www.aig.com .\nAIG will also host a conference call on Friday, May 7, 2021 at 8:30 a.m.
  • The live, listen-only webcast is open to the public and can be accessed in the Investors section of https://www.aig.com .
  • A replay will be available after the call at the same location.\nAmerican International Group, Inc. (AIG) is a leading global insurance organization.

MetLife Completes Sale of Auto & Home Business to Zurich Insurance Group Subsidiary Farmers Group, Inc.

Retrieved on: 
Wednesday, April 7, 2021
Finance, Banking, Professional services, Insurance, Human resources, Insurance companies, Service companies, Companies, Farmers Insurance Group, Zurich Insurance Group, MetLife, Insurance

MetLife, Inc. (NYSE: MET) today announced the completion of its sale of Metropolitan Property and Casualty Insurance Company and certain wholly-owned subsidiaries to Farmers Group, Inc., a subsidiary of Zurich Insurance Group, for a purchase price of $3.94 billion in cash.

Key Points: 
  • MetLife, Inc. (NYSE: MET) today announced the completion of its sale of Metropolitan Property and Casualty Insurance Company and certain wholly-owned subsidiaries to Farmers Group, Inc., a subsidiary of Zurich Insurance Group, for a purchase price of $3.94 billion in cash.
  • In addition, MetLife and Farmers Exchanges have established a 10-year strategic partnership through which Farmers Insurance (Farmers) will offer personal lines products on MetLifes industry-leading U.S. Group Benefits platform, which reaches 3,800 employers and approximately 37 million eligible employees.
  • Farmers assumes responsibility for MetLifes previous retail property and casualty customers.
  • MetLifes future results could differ, and it has no obligation to correct or update any of these statements.

Reinsurance Group of America Announces First Quarter Earnings Release Date, Webcast

Retrieved on: 
Wednesday, April 7, 2021
Insurance, Professional services, Reinsurance companies, Insurance companies, Insurance, Reinsurance Group of America, Reinsurance, RGA, Gen Re, Anna Manning

Reinsurance Group of America, Incorporated (NYSE:RGA) plans to release first quarter earnings on Thursday, May 6, at approximately 4:15 p.m. Eastern Time.

Key Points: 
  • Reinsurance Group of America, Incorporated (NYSE:RGA) plans to release first quarter earnings on Thursday, May 6, at approximately 4:15 p.m. Eastern Time.
  • RGA will host a conference call to discuss the first quarter results beginning at 11 a.m. Eastern Time on Friday, May 7.
  • Reinsurance Group of America, Incorporated (RGA), a Fortune 500 company, is among the leading global providers of life reinsurance and financial solutions, with approximately $3.5 trillion of life reinsurance in force and assets of $84.7 billion as of December 31, 2020.
  • With headquarters in St. Louis, Missouri, and operations around the world, RGA delivers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, health reinsurance, facultative underwriting, product development, and financial solutions.

State Auto Financial Announces First Quarter 2021 Earnings Conference Call

Retrieved on: 
Wednesday, April 7, 2021
General Automotive, Professional services, Insurance, Automotive, Financial services in the United States, Service companies, Insurance companies, Ohio Mutual Insurance Group, Federated Insurance Company of Canada

State Auto Financial Corporation, headquartered in Columbus, Ohio, is a super regional property and casualty insurance holding company.

Key Points: 
  • State Auto Financial Corporation, headquartered in Columbus, Ohio, is a super regional property and casualty insurance holding company.
  • The insurance subsidiaries of State Auto Financial Corporation are part of the State Auto Group.
  • The State Auto Group is rated A- (Excellent) by the A.M. Best Company and includes State Automobile Mutual, State Auto Property & Casualty, State Auto Ohio, State Auto Wisconsin, Milbank, Meridian Security, Patrons Mutual, Rockhill Insurance, Plaza Insurance, American Compensation and Bloomington Compensation.
  • Additional information on State Auto Financial Corporation and the State Auto Insurance Companies can be found online at http://www.StateAuto.com/STFC .

Athora Announces Full Year 2020 Results

Retrieved on: 
Tuesday, April 6, 2021
Insurance, Professional services, Insurance companies, Financial services, Finance, AXA, Axa XL

Athora Holding Ltd. (Athora), an insurance and reinsurance group focused on the European market, delivered a solid performance and saw significant growth in 2020.

Key Points: 
  • Athora Holding Ltd. (Athora), an insurance and reinsurance group focused on the European market, delivered a solid performance and saw significant growth in 2020.
  • (Brussels), Athora Lebensversicherung AG (Wiesbaden, Germany), Athora Ireland plc (Dublin) and Athora Life Re Ltd. (Bermuda).
  • The Athora group employs 2,300 staff and has 2.6 million policyholders with assets under administration of 83 billion (as at 31 December 2020).
  • (1) In 2020, Athora called 2.8 billion of equity capital comprising 1.5 billion from its first capital raise and 1.3 billion from its second capital raise.

MetLife Investment Management Announces Partnership With Girls Who Invest

Retrieved on: 
Thursday, April 1, 2021
Teens, Women, Finance, Banking, Professional services, Continuing, University, Consumer, Education, MetLife, Investment management, Insurance companies, Companies, PNB MetLife India Insurance Company

MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), today announced a partnership with Girls Who Invest (GWI), which will provide development opportunities for young women seeking a career in the asset management industry.

Key Points: 
  • MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), today announced a partnership with Girls Who Invest (GWI), which will provide development opportunities for young women seeking a career in the asset management industry.
  • "At MetLife Investment Management, we are committed to fostering an inclusive culture through diversity of talent and thought, underscoring our commitment to creating a more sustainable company, said Steven J. Goulart, president of MetLife Investment Management and chief investment officer of MetLife, Inc. Partnering with Girls Who Invest will deepen this commitment by supporting the growth and development of women at all stages of their careers in the asset management industry.
  • MetLife Investment Management , the institutional asset management business of MetLife, Inc. (NYSE: MET), is a global public fixed income, private capital and real estate investment manager providing tailored investment solutions to institutional investors worldwide.
  • MetLife Investment Management provides public and private pension plans, insurance companies, endowments, funds and other institutional clients with a range of bespoke investment and financing solutions that seek to meet a range of long-term investment objectives and risk-adjusted returns over time.

AM Best Places Credit Ratings of Allstate Life Insurance Company of New York and Intramerica Life Insurance Company Under Review with Positive Implications

Retrieved on: 
Thursday, April 1, 2021
Banking, Professional services, Insurance, Finance, Allstate, Insurance companies, Hauppauge, Companies, Insurance

AM Best has placed under review with positive implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-term ICR) of a+ of Allstate Life Insurance Company of New York (Allstate Life NY) (Hauppauge, NY).

Key Points: 
  • AM Best has placed under review with positive implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-term ICR) of a+ of Allstate Life Insurance Company of New York (Allstate Life NY) (Hauppauge, NY).
  • Concurrently, AM Best has also placed under review with positive implications the FSR of B++ (Good) and the Long-Term ICR of bbb+ of Intramerica Life Insurance Company (Intramerica) (Hauppauge, NY).
  • These Credit Rating (rating) actions follow the recent announcement that Wilton Reassurance Company has entered into an agreement to acquire Allstate Life of NY and Intramerica for $220 million.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .

175 Organizations Receive $3.5M in COVID-19 Relief Funding from Blue Cross and Blue Shield of Illinois

Retrieved on: 
Thursday, April 1, 2021
Insurance in the United States, Health maintenance organizations, Insurance companies, Financial services in the United States, Health insurance in the United States, Blue Cross Blue Shield Association, Blue Cross, Health Care Service Corporation, Blue Shield

Last month, BCBSIL opened applications for this second round of quick-release funding as part of its COVID-19 Community Collaboration Fund.

Key Points: 
  • Last month, BCBSIL opened applications for this second round of quick-release funding as part of its COVID-19 Community Collaboration Fund.
  • "We received 560 applications for this round of grants more than we've received for any other funding opportunity in recent memory," said Harmony Harrington, vice-president government and community relations for Blue Cross and Blue Shield of Illinois.
  • Blue Cross and Blue Shield of Illinois (BCBSIL) is committed to expanding access to quality, cost-effective health care to as many people as possible in Illinois.
  • BCBSIL is a division of Health Care Service Corporation, a Mutual Legal Reserve Company and an Independent Licensee of the Blue Cross and Blue Shield Association.

Sompo International Builds Out Strategic Distribution and Development Capabilities for International Insurance

Retrieved on: 
Thursday, April 1, 2021
Furukawa Group, Fuyo Group, Sompo Japan Nipponkoa Insurance, Companies, Service companies, Insurance companies, Maiden Holdings, Markel Corporation

PEMBROKE, Bermuda, April 01, 2021 (GLOBE NEWSWIRE) -- Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced today that Maxine Goddard will join the companys International Insurance Strategic Distribution and Development team as Senior Vice President effective April 1, 2021.

Key Points: 
  • PEMBROKE, Bermuda, April 01, 2021 (GLOBE NEWSWIRE) -- Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced today that Maxine Goddard will join the companys International Insurance Strategic Distribution and Development team as Senior Vice President effective April 1, 2021.
  • The Business Development team, led by Brendan Plessis, Executive Vice President, Strategic Distribution and Development, International Insurance, will focus on the strategic development of broker and client relationships, maximising profitable growth and potential new business opportunities in London, Europe and Bermuda.
  • Also joining the team as Assistant Vice President, Strategic Distribution and Development for International Insurance is Rachael Dobie, who joins SI from Liberty Specialty Markets and Mohiuddin (Moon) Hossen, who has been promoted to Projects & Strategy Analyst, Strategic Distribution and Development for International Insurance from within SI.
  • Sompo International Holdings Ltd. (Sompo International) is a global specialty provider of property and casualty insurance and reinsurance, headquartered in Bermuda.

MetLife Statement on Voting Rights

Retrieved on: 
Wednesday, March 31, 2021
MEN, Professional services, Consumer, White House, Federal Government, State, Local, Public policy, Women, Insurance, Elections, Campaigns, Finance, Congressional News, Views, Public policy, Government, MetLife, New York Stock Exchange, Economy of New York City, Insurance companies, Service companies, Punjab National Bank

MetLife, Inc. (NYSE: MET) President and CEO Michel Khalaf issued the following statement today on voting rights:

Key Points: 
  • MetLife, Inc. (NYSE: MET) President and CEO Michel Khalaf issued the following statement today on voting rights:
    The right to vote in America is absolutely fundamental.
  • Its what gives people the power of self-determination and the ability to have their voices heard.
  • MetLife believes any effort to limit the ability of Black Americans to exercise this hard-won civil right undermines democracy.
  • MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates ("MetLife"), is one of the world's leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world.