ING's US retirement services operations has been selected by the Kentucky Public Employees' Deferred Compensation Authority to serve as third party administrator for the Commonwealth's supplemental retirement savings program.
Concordis Group, a financial holding company, said that it has received a final approval from the Cayman Island Monetary Authority (CIMA) to operate as an alternative risk management insurance company. The company will provide insurance solutions through its subsidiary Concordis Insurance.
Allianz said that it has received a license from the Chinese regulartory authority CIRC, to convert Allianz Insurance Company Guangzhou Branch into a subsidiary, which is expected to extend the company's business in other Chinese provinces.
American Fidelity, Trans World to pay $250,000 and give refunds to policyholders
For identifying modifications to existing Pension legislation
Company supports the proposal that requires large corporations to provide health insurance
The Independent Insurance Agents and Brokers of America is asking the new president to keep the state-based regulatory structure intact, stating that it is the best way to protect the consumer. Datamonitor believes this argument to be tenuous, as it serves agents and brokers rather than insurers and consumers, and advises President Obama to treat the proposal with a healthy level of skepticism.
Regulatory approvals have been granted in connection with its proposed sponsored demutualisation of the PICA Group
The introduction of the UK government's Personal Accounts scheme in 2012 is now inevitable. The Pensions Bill has been given Royal Assent, however, the average consumer does not realize that change is afoot and that semi-compulsory pension saving will have a knock on effect on other key aspects of their lives.
The parties expect to close the transaction in Q4, 2008
To stabilise financial system
