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After selling off four non-insurance related companies and five life insurance companies to Protective Life Corp., JPMorgan Chase has promised that they will still continue to sell life insurance and annuities, they will utilize third-party companies. Protective Life previously acted as JPMorgan Chase's reinsurer for 42% of their variable annuity business. Shares of both Protective and JPMorgan rose this week. Read more: Protective Life Buys JP Morgan Companies (AP via Yahoo! Finance) Protective Life Corp. said Monday a subsidiary completed its acquisition of JPMorgan Chase & Co.'s life insurance and annuity underwriting business. Resources at MostChoiceRecent Annuity Resources at MostChoice:
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12/1/2008 News For: News 4091 Life Insurance Jpmorgan Life Annuity Underwriting ProtectiveSBI's non-life entry to hit New India Assurance hard CHENNAI? Once the state-owned State Bank of India SBI, India's largest lender, enters the non-life general insurance business following its recent tie-up with Insurance Australia Group Ltd. IAG, the country?s premier non-life insurer New India Assurance will start losing Rs 2 billion premium income annually.As a bancassurance partner, SBI currently contributes around Rs 2 billion as premium ... 'Brighten a Life' with $5 donation Fifth Third Bank's annual Brighten a Child's Life campaign has started and will benefit the Wood County Hospital... Business Briefs ? The Allstate Insurance Company has opened an agency in Johnson. Owned and operated by Carrie Davis, the full-service agency offers a complete line of products and services, including auto, property, commercial and life insurance, long-term care and annuities. The Carrie Davis Agency is located at 2025 Main Drive in Johnson. Office hours are 8 a.m. to 5 p.m., Monday through Friday. Evenings and ... Buy Australian 10-Year Bonds as RBA to Slow Cuts, JPMorgan Says Dec. 1 -- Investors should buy Australian 10- year government bonds and sell three-year notes to benefit as the spread between them narrows when investors pare expectations of aggressive central bank rate cuts, JPMorgan Securities said. JPMorgan Chase selects Ahli United Bank for Elite Quality Award Ahli United Bank B.S.C. AUB, one of the region's leading banking institutions, has been presented with the prestigious 'Elite Quality Recognition Award' by JPMorgan Chase, the global financial services firm. Oklahoma City CEO says ?life gets better? Keith Geary is a self-admitted nerd who has succeeded by focusing on a particular market, one that has brought down some of the financial world?s biggest players.Geary, after years of crunching numbers and working with clients in the world of banking, developed his own system of evaluating mortgage-backed securities to replace an industry standard that he considered flawed. That launched him and ... Music: Life goes on, but the White Album endures Call me daft, but every now and then I like to pick up one of those British pop music magazines. It?s not that I need updates on the latest drug scuffles of Babyshambles or Amy Winehouse. But I?m a sucker for some of the ?free? CDs they often glue onto their covers. My favorites are the tribute albums, entire discs covering Bob Dylan or Bruce Springsteen or other boomer icons, and introducing me ... Bringing the Civil War to life ROBIN MCDONALD, Special to News Citizen Sounds of cannons thundered through the air during Liendo Plantation?s Civil War Weekend, starting on Friday, November 21. Booms from the large cannons could be heard miles away in towns surrounding the plantation, as far away as Hockley, and possibly farther. (AFX UK Focus) 2008-11-27 13:49 Swiss Re says some life insurers may face bankruptcy ZURICH, Nov 27 Reuters - Some life insurers that have veered away from their traditional business into banking could face bankruptcy or be bought, according to Swiss Re's head of client markets and executive committee member Michel Lies. "The more an insurer has played at being a bank, the higher it's exposed," Lies told the Swiss Insurance Forum in Zurich on Thursday. When asked if some life ... |