- Wednesday 15 May 2013
Aviva Launches Marketplace - new portal for specialist risks Aviva, the UK's largest insurer, has launched Marketplace, its new online portal offering brokers access to more than 40 products catering for those harder to place risks in niche and specialist markets.
- Wednesday 15 May 2013
ING U.S. Celebrates its Public Debut and First Day of Trading on the New York Stock Exchange ING U.S., a leading provider of Retirement, Investment, and Insurance products and services in the U.S., opened for trading today on the New York Stock Exchange (NYSE) under the ticker symbol"VOYA"after its initial public offering.
- Wednesday 17 April 2013
Pan-American Life introduces PALIGMED, a healthcare network in Latin America
- Wednesday 17 April 2013
ING US rebrands as Voya Financial, no impact on ING Global Network relationship
- Wednesday 06 March 2013
Britain's workers still to be convinced on pension saving as challenging times hit hard Aviva calls for sustained and 'personalised' employee engagement to create a lasting savings culture.
- Wednesday 06 March 2013
Gothaer-Studie: Betriebliches Demographiemanagement verfehlt häufig den Bedarf der Mitarbeiter (Article in German)
- Wednesday 20 February 2013
2012 Claims Statistics-New Ireland In 2012, New Ireland Assurance paid out over EUR 94 million in Protection claims to families all over Ireland. EUR 65 million was paid to families impacted by death with a further EUR 29 million paid to families impacted by a serious Illness or ill health.
- Thursday 07 February 2013
Aviva launches Fast Trade App Aviva, the UK's largest insurer, has introduced an iPad@ app to Fast Trade, its online trading platform providing brokers with the facility to 'quote and buy' online in less than five minutes.
- Thursday 07 February 2013
ING U.S. Hires Dave Swanson to Lead Employee Benefits Product and Pricing Team ING U.S. announced today the appointment of Dave Swanson as senior vice president and head of Employee Benefits Product and Pricing. In this new position, Swanson will help drive the growth of ING U.S.'s Employee Benefits business through innovative product design and disciplined pricing.
- Wednesday 23 January 2013
New Ireland talks to Irish Broker Magazine New Ireland CEO Sean Casey speaks to the Irish Broker Magazine to launch their 2013 publication. In the interview, Sean gives his views on the year that was, highlights some key initiatives from New Ireland and outlines the prospects for the industry for 2013.
- Wednesday 09 January 2013
ING Receives "Company of the Year - Insurance" ING Hong Kong has always been committed to providing the best insurance services and products for customers. The dedication and commitment has been recognized by the Company's winning of five prestigious awards at the BENCHMARK Wealth Management Awards 2012, which are listed as follows:
- Thursday 13 December 2012
Aviva's Work: Life platform gives advisers a flexible solution for their clients Aviva has gone live with its 'Work:Life' corporate platform, enabling advisers to work with their employer-clients on building tailored online hubs. Work:Life delivers a single, online interface to an employers' total reward offerings, including their company pension. At a time when auto-enrolment is demanding increased levels of employee engagement to get people saving for their retirement, Work:Life offers a simple way for employees to consider and select their benefits.
- Thursday 29 November 2012
Lorica chooses Aviva's auto-enrolment modelling and compliance hub for core customer offering Lorica Employee Benefits has selected Aviva's on-line automatic enrolment modelling and compliance hub as a core part of its Simplicity customer portal.
- Thursday 29 November 2012
PIBA Awards - New Ireland wins 1st place New Ireland Assurance won the overall Financial Broker Excellence Award at last week's Professional Insurance Brokers Association (PIBA) Awards 2012. In addition, the company also won 3 out of 4 individual section awards for Excellence in Financial Products, Investment Excellence, and Excellence in Broker Support. Speaking after the announcement Sean Casey MD said 'I am delighted to accept this award on behalf of all the staff at New Ireland. I would like to thank PIBA and the Financial Broker market for their recognition and continued support. These awards provide a big motivation for us to continue to improve'
- Wednesday 31 October 2012
ING U.S. Charts Innovative Course with New Employee Benefits Compass Product Suite ING U.S. has launched two new products designed for a changing employee benefits landscape with a focus on simplicity and flexibility.
- Wednesday 31 October 2012
Manulife Financial acquires Benesure Canada Inc. Waterloo - Manulife Financial announced today that it has purchased Benesure Canada Inc., Canada%u2019s leading third party administrator and distributor of life and disability creditor insurance solutions to the mortgage broker marketplace.
- Wednesday 31 October 2012
OnePath Life's winning streak continues OnePath Life continues to be recognised for providing comprehensive and affordable protection, recently winning a host of major industry awards.
- Wednesday 17 October 2012
ING U.S. Introduces New Flagship Indexed Universal Life Insurance Product ING U.S. announced today that its Insurance operations has launched a new "all-in-one" indexed universal life (IUL) product that includes potential for long-term accumulation and death benefit coverage for individuals and businesses.
- Wednesday 17 October 2012
New Manulife Research Report indicates Canada's Small Business Owners Understand the Value of Employee Health and Retirement Plans
- Wednesday 03 October 2012
Gothaer: Fitch Ratings bestätigt "A" Finanzstärke-Rating der Gothaer mit stabilem Ausblick (Article in German)
- Wednesday 03 October 2012
New Ireland launches 'Same Day Policy Issue' As part of our ongoing commitment to improving our service, we are delighted to announce the launch of our 'same day policy issue' for broker protection business.
- Wednesday 19 September 2012
Ageing workforce health issues to impact UK business Aviva's annual Health of the Workplace1 report reveals that companies are already starting to see a change in their workforce demographics, prompting fears that ageing workforce health issues will affect their company.
- Wednesday 19 September 2012
ING U.S. Study: Many Say Life Insurance Is More Important than Ever in Current Economy In support of Life Insurance Awareness Month, ING U.S. today released findings from a new consumer study1 that underscores striking disconnects in attitudes and behaviors toward life insurance.
- Wednesday 08 August 2012
Aviva improves critical illness cover series of enhancements Aviva has extended the level of cover on new critical illness (CI) policies with a series of enhancements.Changes include additional benefits for new conditions, new ABI+ definitions and increased maximum payments for child CI cover.
- Wednesday 08 August 2012
Gothaer bietet Unisex-Tarife in der bAV ( Article in German) Köln, 03. August 2012 Am 21.12.2012 starten die neuen Unisex-Tarife mit gleichen Leistungen bei gleichem Beitrag für Frauen und Männer. Ob es für Männer oder Frauen teurer wird, hängt im Bereich der Lebensversicherung individuell vom jeweiligen Produkt ab. Insbesondere im Bereich der betrieblichen Altersversorgung (bAV) stellen sich bereits heute -für Arbeitgeber wie für Arbeitnehmer- zahlreiche Fragen. Je früher man sich damit befassen kann, desto besser.
- Wednesday 08 August 2012
Pan-American Life Ranks in Top Twenty among the Top Hispanic Companies in the United States in the 2012 Hispanic Business 500 Pan-American Life Insurance Group is ranked at the number eighteen position in the 30th annual ranking of the HispanicBusiness 500, a list of the largest Hispanic businesses in the United States. Additionally, in the Finance Sector, Hispanic Business Magazine ranked the company number two among the top 10 Hispanic companies and number one on the list of Louisiana based companies.
- Monday 25 June 2012
Gothaer bietet Business-TV für Makler (article in German) Köln, 20. Juni 2012 Die Gothaer bietet ab sofort ein eigenes Business-TV-Format für Makler. GoTV Makler berichtet exklusiv in einer rund 13-minütigen Sendung über Top-Themen aus der Versicherungsbranche, bietet Produktneuheiten und gibt Beratungstipps. Das Format kann über den Gothaer Youtube-Kanal youtube.de/mygothaermakler sowie das Gothaer Maklerportal makler.gothaer.de angeschaut werden.
- Thursday 31 May 2012
Enhancements to OnePath's life insurance offering, OneCare
- Thursday 31 May 2012
Fitch Ratings bestätigt 'A' Finanzstärkerating der Gothaer mit stabilem Ausblick (Article in German)
- Friday 04 May 2012
Aviva offers more companies a cost efficient way to fund PMI Corporate customers of Aviva%u2019s Optimum PMI healthcare cover now have more choice and control over how their policy is funded, following the introduction of a new type of contract, Corporate Excess.
- Monday 16 April 2012
Aviva Adviser Academy celebrates fourth birthday with 16,000 members. As the Adviser Academy celebrates its fourth birthday, Aviva can reveal it has seen a spike in registrations since the start of the year. Registrations have risen by a quarter (24%), on the same period last year.
- Monday 16 April 2012
"Capital Investment Entrant Scheme" ING launches a brand new investment-linked assurance plan ING has launched a brand new investment-linked assurance plan becoming one of the pioneering authorized insurers to provide "Capital Investment Entrant Scheme (CIES)" related assurance products to potential investors, opening up a new investment horizon and opportunity. With ING's professional team of wealth planners and distribution advantage, this new scheme is set to offer diversified investment opportunities as well as life coverage for potential capital investment entrants.
- Wednesday 04 April 2012
New Ireland announces further growth in market share New Ireland has today announced further growth in its assurance business with the company%u2019s market share of 2011 new business exceeding 22%. This represents an increase of 1.5% over the previous year.
- Monday 05 March 2012
ING launches "Easy Fortune Endowment Plan" In today's volatile market and low interest rate environment, a reliable savings solution is indispensable to realize one's dream and wealth accumulation plan.
- Monday 20 February 2012
Advisers predict high levels of auto-enrolment 'opt outs' in younger workers More than half of corporate financial advisers think that up to 30% of UK workers could opt out of the government's new auto-enrolment regulations due to be introduced from October 2012.
- Monday 20 February 2012
OneAnswer Frontier - An award winning product OneAnswer Frontier wins Money magazine's Best Featured Pension Fund award.
- Tuesday 24 January 2012
OneAnswer Frontier wins Money Magazine's Best Featured Pension Fund award Money Magazine has awarded OneAnswer Frontier the winner of its Best Featured Pension Fund category, 2012.
- Thursday 12 January 2012
NN is awarded with a license to operate a PPI (Premium Pension Institution) by the Dutch National Bank. (Article in Dutch)
- Wednesday 11 January 2012
ING HK remains at the forefront of the industry by going the extra mile for customer satisfaction All-new ING Customer Service Centre takes customer relationships to a whole new level.
- Wednesday 11 January 2012
New Ireland is pleased to announce the launch of its first iPhone App to the Broker market. The App allows insurance Brokers easy access to their new business pipeline which keeps them informed of the progress of business they have submitted and also advises them of any actions they need to take to ensure a speedy completion of the processing and issuing of a case.
- Wednesday 14 December 2011
OnePath Insurance continues its award-winning run Following the AFR Smart Investor Life Company of the Year award success, OnePath%u2019s OneCare product has won the prominent five-star CANSTAR CANNEX Outstanding Value for Life Insurance Award for the fourth consecutive year.
- Friday 02 December 2011
Nationale-Nederlanden introduceert Comfort Pensioen (Article in Dutch) Nationale-Nederlanden neemt een volgende stap in de digitalisering van pensioenen. Eenvoud, snelheid en persoonlijke service zijn hierbij de belangrijkste kenmerken.
- Friday 02 December 2011
Manulife Financial Extends Access to Comprehensive Health Care Resources Ontario Manulife Financial announced today that it has expanded access to Health Service Navigator® to thousands more Canadians who hold health insurance and critical illness insurance through Affinity Markets.
- Monday 21 November 2011
OneAnswer Frontier Pension wins Rising Star of the Year SuperRatings have awarded OneAnswer Frontier Pension with the %u2018Rising Star of the Year Award%u2019 for 2011.
- Monday 21 November 2011
Aviva appoints UK chief risk officer Aviva has today announced that it has appointed John Lister as UK chief risk officer.
- Wednesday 02 November 2011
Sul América S.A. wins the award for "2011 Best Companies to Shareholders" Rio de Janeiro, October 5, 2011 - Sul América S.A.(BM&FBovespa: SULA11), has been awarded the first place in the "2011 Best Companies to Shareholders" award, organized by the brazilian magazine Capital Aberto, in the R$ 5 billion to R$ 15 billion market cap companies category.
This awards rewards companies that stood out in business profitability, stock performance, liquidity, corporate governance and sustainability, being appointed as the Best Company the one achieving the best grades in all five evaluated items.
Last updated on 10/05/2011
- Monday 31 October 2011
Aviva enhances critical illness cover with new conditions Aviva is offering customers an even greater level of cover with enhancements to its critical illness (CI) insurance.
- Monday 31 October 2011
Mr Lennard Yong appointed CEO of ING Insurance Hong Kong & Macau ING Insurance Asia/Pacific (Ltd.) announced today that Mr Lennard Yong has been appointed CEO of ING Hong Kong and Macau.
- Thursday 08 September 2011
Aviva makes it easier for group risk claimants New electronic claims form and mortality search speeds up claims process.
- Thursday 08 September 2011
Pan-American Life Insurance Files Local Authorization Request in 7 Latin American Countries for International Major Medical Product New Orleans based, Pan-American Life Insurance Group (PALIG), announced today that it had received authorization from local insurance authorities to market two new International Major Medical products - Pan-American WorldAccess and Pan-American PreferredAccess - in El Salvador, Ecuador and Colombia.
- Friday 26 August 2011
OnePath wins AFR Smart Investor Life Company For the fourth year in a row, OnePath Life has been named AFR Smart Investor%u2019s Life Company of the Year.
- Friday 26 August 2011
ING is the best insurance company in Chile for the second year ING has been rewarded by the English magazine World Finance for the second consecutive year as the best insurance company of Chile. The jury of the prize 2011 emphasized "the implementation of the Wealth Management strategy in the companies", their education role in the administration of the patrimony of the people and the financial solidity of the group. In addition, it was recognized the concern of ING for the community and the education of the children and the permanent qualification of the ING commercial executives to give the best service to the clients. ING Chile appreciates this distinction that strengthens its commitment with more than 2 million of clients, through its insurance agencies of Mutual Life, AFP and Mutual Funds.
- Friday 26 August 2011
Pension overview worth the money (Article in Dutch) Pensioenoverzicht is geld waard: win een jaar eerder met pensioen.
- Friday 19 August 2011
ING expands distribution of voluntary insurance products through leading online platform Access through Benefitfocus makes enrollment process easier for employees
- Friday 19 August 2011
A new service proposed to companies by Malakoff Médéric (Article in French) Malakoff Médéric, leader français de la protection sociale, poursuit sa démarche d'innovation et propose à ses clients un nouveau service gratuit en ligne Situation Santé Sécurité
- Friday 19 August 2011
Manulife Financial introduces Occupational Management Services Waterloo - Today, Manulife Financial Group Benefits launches Occupational Management Services, addressing the needs of employers dealing with injuries that occur at work and creating an integrated workplace injury and disability benefits program.
- Tuesday 14 June 2011
Know-How and Governance go hand in hand (Article in Dutch) Deskundigheid essentieel voor goede bestuurders Den Haag, 14 juni 2011 Pensioenfondsen en verzekeraars houden samen meer geld onder beheer dan alle Euronext-genoteerde ondernemingen gezamenlijk waard zijn. Geen wonder dat goed bestuur van wezenlijk belang is. PricewaterhouseCoopers en Nationale-Nederlanden hebben er samen voor de corporate relaties van de verzekeraar een plan van aanpak voor opgezet. Pension Fund Governance is van wezenlijk belang en staat momenteel niet voor niets in het brandpunt van de belangstelling. En dat niet alleen bij de toezichthouders. Het gaat om belangrijke kwesties als zorgvuldig bestuur, verantwoording afleggen, deskundigheid, openheid
en communicatie. Allemaal waarden waar lange tijd in de besturen van fondsen, maar ook bij verzekeraars, wel wat op viel af te dingen. Het heeft even geduurd maar de discussies over de wijze waarop governance vorm moet krijgen en vastgelegd moet worden zijn uiteindelijk (in 2005) geformuleerd in aanbevelingen van de STAR (de %u2018Principes voor goed pensioenfondsbestuur%u2019) die vervolgens wettelijk zijn verankerd in de Pensioenwet. Het doel: de kwaliteit, zorgvuldigheid en openheid van pensioenuitvoerders bevorderen.
- Thursday 02 June 2011
Manulife Financial introduces Health Management Services Employers can take steps to help manage their benefit costs without cutting coverage
- Tuesday 24 May 2011
New services for brokers: Gothaer informs changes by mail (Article in German) Neue Services für Makler: Gothaer informiert per Mail über Bestandsänderungen * Benachrichtigung bei Policierung, Kündigung und Schäden
* Gothaer bietet speziell aufbereitete Inhalte für Smartphones
- Monday 23 May 2011
Aviva announces changes to UK leadership team Aviva today announces changes to its UK leadership team. David Barral has been appointed CEO, UK Life. He will report to Aviva's UK CEO, Mark Hodges, and will also join the UK board and UK executive team. David was previously chief operating officer, UK Life. He joined the Group in 1999 and has 30 years financial services experience covering business development, distribution, marketing, customer service and operations. David replaces Toby Strauss who is leaving Aviva to take up a new role with Lloyds Banking Group. Toby has been with the Group for three years. David's previous responsibilities have been split between two new appointments to the UK Life Executive team. Phil Willcock, currently managing director, UK Health, will become propositions director, in addition to his UK Health responsibilities. Hugh Hessing will broaden his customer service responsibilities becoming customer experience director. Mark Hodges said:"I'm delighted to welcome David to my UK executive team. David has extensive financial services experience, a track record in business transformation and a great passion for delivering the best for our customers." "We're also pleased to appoint Phil and Hugh to the life executive team. These appointments demonstrate the bench strength we have in Aviva and their energy and focus will make a significant contribution." "Toby has led a strong team in the UK life business, making a valuable contribution to Aviva, and we wish him well for the future. The UK Life business is in great shape with a clear strategy, which the new team will continue to drive forward." All appointments are subject to regulatory approval.
- Wednesday 18 May 2011
Tryg employs new CFO and changes the organisation On 1 September 2011, Tor Magne Lønnum will join Tryg as new CFO and member of the Executive Management in Tryg A/S and Tryg Forsikring A/S. Tor Magne Lønnum is 43 years old and leaves a position as CFO and Deputy CEO in Gjensidige Forsikring ASA, where he has been a member of the Group Executive Management since 2001. Tor Magne Lønnum is state authorised public accountant from the Norwegian School of Economics and Business Administration. In addition, he holds an executive MBA degree from the University of Bristol and Ecole Nationale des Ponts et Chaussées. The Executive Management of Tryg A/S and Tryg Forsikring A/S also consists of CEO Morten Hübbe and Group Executive Vice President Lars Bonde. To strengthen focus on the growing markets Sweden and Finland, Tryg has appointed Director Per Fornander, as member of the Group Executive Management with responsibility for the Group%u2019s Swedish and Finnish Private and Commercial business areas. Since 1 February 2011, Per Fornander has been in charge of Tryg's branch Moderna. In order to ensure increased profitability and top quality customer service, Tryg will carry through an organisational change as of 1 June 2011 which will create a more simple organisation with a more sharp separation of roles and responsibility. The future areas of responsibility of Tryg's Group Executive Management are as follows: * CEO Morten Hübbe
* CFO Tor Magne Lønnum
* Group Executive Vice President Lars Bonde: Private business in Denmark and Norway
* Group Executive Vice President Kjerstin Fyllingen: Commercial business in Denmark and Norway
* Group Executive Vice President Truls Holm Olsen: Corporate business within the Nordic Region
* Group Executive Vice President Per Fornander: Private and Commercial business in Sweden and Finland
* Group Executive Vice President Birgitte Kartman: Claims
Four Country Managers are Tryg's representatives in the respective markets:
* Denmark: Lars Bonde
* Norway: Kjerstin Fyllingen
* Sweden: Per Fornander
* Finland: Siina Saksi
Due to the organisational change, Jens Stener and Martin Bøge Mikkelsen will resign from their positions as Group Executive Vice Presidents in Tryg Forsikring A/S.
Additional information: For further information visit tryg.com or contact; * CCO, Troels Rasmussen at +45 30 35 30 70 or troels.rasmussen@tryg.dk Tryg is the leading Nordic provider of "peace of mind" solutions with property & casualty insurance operations in Denmark, Norway, Finland and Sweden. Tryg is listed on Nasdaq OMX Copenhagen and 60% of the shares are held by TryghedsGruppen smba.
- Monday 28 March 2011
ING appoints Rodney O. Martin, Jr. CEO of ING Insurance U.S. ING announced today that it will appoint Rodney (Rod) O. Martin, Jr. as Chief Executive Officer of ING Insurance U.S. The appointment is an important step in preparation for a successful Initial Public Offering (IPO) of ING's U.S.-based insurance and investment management operations. Rod Martin, former chairman of the International Life and Retirement Services operations at American International Group (AIG), will be responsible for strategy and performance of ING Insurance U.S., as well as the corporate staff functions. Martin will report to Jan Hommen, CEO of ING Group. Rob Leary, currently CEO of ING Insurance U.S., will assume the new role of President and Chief Operating Officer of ING Insurance U.S. In this capacity, Leary will report to Martin and will be responsible for managing and improving the operational performance of the entire portfolio of U.S. businesses, including Retirement, Insurance, and Investment Management. This new structure, with strong executives at the helm, aligns the governance of these operations with common practice in the U.S. financial services industry. "Rod is an outstanding veteran of the U.S. insurance industry and his appointment constitutes an important building block to the preparation of a successful IPO of ING's U.S. insurance and investment management businesses," said Jan Hommen. "The combination with Rob Leary as a results-oriented leader provides us with a strong management team capable of taking these leading businesses forward in their standalone future." Rod Martin (U.S., 58) has more than 36 years of insurance industry experience and first-hand knowledge in steering large financial-services businesses through complex corporate change processes. He began his insurance career in 1975 as an agent with Connecticut Mutual Life Insurance Company, where he served over 20 years in various marketing and general management positions of increasing responsibility, to become president of Connecticut Mutual Insurance Services. In 1995, Rod joined American General Life Companies as president and chief executive officer where he ran the U.S. life insurance businesses until it was acquired by AIG in 2001. At AIG, Rod held positions of increasing responsibility from chief operating officer of AIG Worldwide Life Insurance, chairman and chief executive officer of American Life Insurance Company (Alico), chairman of American International Assurance (AIA), and most recently as chairman of American International Group, Inc. International Life and Retirement Services businesses. Today's announcement is in line with ING's previously announced base case of pursuing two IPO's for its insurance and investment management activities, one European-led IPO and one U.S.-focused IPO. The appointment will become effective 4 April 2011.
- Tuesday 15 March 2011
New SulAmérica Health Company enters the market (Article in Portuguese) Novo SulAmérica Saúde Empresarial chega ao mercado. Produto passa por reformulação, ganha novos planos e amplia o leque de serviços disponíveis aos segurados. A SulAmérica acaba de reformular seu portifólio de produtos e lança uma nova estrutura para o SulAmérica Saúde e Odontológico Empresarial e PME. A partir de agora, a empresa que quiser contratar o seguro saúde da SulAmérica terá à disposição os seguintes planos: Exato, Básico 10 Clássico, Especial 100, Executivo e Prestige.
Os planos oferecem rede referenciada em todo o País, porém com preços regionalizados, todos com acomodação em apartamento. Os planos Exato e Básico 10 também podem ser contratados com opção de internação em enfermaria.
A nova estrutura simplifica a contratação do produto, atendendo as necessidades das empresas e corretores de seguros. "Desta forma o cliente pode decidir que plano adquirir de acordo com o perfil de seus funcionários", esclarece o vice-presidente de Saúde e Odontológico da SulAmérica, Gabriel Portella.
- Monday 14 March 2011
Baoviet to launch new website We're redesigning our website.
- Thursday 10 March 2011
Aviva launches online services for financial advisers Aviva is making it easier for financial advisers to manage their customers' finances by launching two online services.
- Thursday 10 March 2011
ING introduces new solution for the growing needs of employers and employees March, 10, 2011 | Minneapolis, MN New life insurance product provides loan feature and may help with supplemental retirement income
- Thursday 10 March 2011
Pan-American Life Insurance Company Celebrates 100th Anniversary - A Century of Promises Kept NEW ORLEANS, LA - (March 10, 2011) Pan-American Life Insurance Company will celebrate its 100th Anniversary this March 28. The leading provider of insurance and financial services attributes this significant milestone to the loyalty and trust of valued policyholders, employees and agents, deeming it a reflection of the unwavering strength, commitment and service in the United States, across Latin America and the Caribbean.
- Friday 25 February 2011
NN.nl completely revamped (Article in Dutch) NN.nl compleet vernieuwd Nieuwe site Nationale-Nederlanden biedt klant optimaal gebruiksgemak
Den Haag, 25 februari 2011 Sneller en simpeler navigeren op NN.nl waardoor alle benodigde informatie in een handomdraai is te vinden. Nationale-Nederlanden heeft haar site vernieuwd en voorzien van een andere inhoud, nieuwe vormgeving en een verbeterde structuur. Op het web is met interactieve tools de serviceverlening nu verbeterd, waarbij de behoeften van de klant centraal staan. "Vorig jaar is NN teruggekeerd naar de essentie van verzekeren, met als uitgangspunt de klant opnieuw zekerheid te bieden in dienstverlening, deskundigheid en betrouwbaarheid. Dat zie je nu ook terug op de site," aldus Guido Lankhorst, Managing Director Internet van Nationale-Nederlanden. "We gaan ook op NN.nl de dialoog met de klant aan en bieden daarmee -om het zo te zeggen- 'spraakmakende service'. Daarvoor hebben we de antwoorden op veelgestelde vragen geoptimaliseerd en introduceren wij een virtueel medewerker, aan wie mensen vragen kunnen stellen.Het perspectief van de klant leidend voor het handelen van NN. Om het huidige niveau van serviceverlening in de toekomst te kunnen handhaven, zal Nationale-Nederlanden de ervaringen en behoeften van de gebruiker doorlopend monitoren. De site wordt daarop verder aangepast en verbeterd, zodat NN ook op het web gebruiksgemak, persoonlijk advies, duidelijkheid en zekerheid kan blijven bieden", aldus Lankhorst. Welke vraag met betrekking tot verzekeren of de dienstverlening van NN iemand ook heeft op het internet, digitaal medewerkster Nienke wijst iedereen de weg, ook als geen direct antwoord te vinden is. Gebruikers van NN.nl kunnen zelf op eenvoudige wijze informatie vinden. Zowel de particuliere als zakelijke producten zijn op een andere manier gerangschikt, waardoor een overzichtelijk geheel ontstaat. Nationale-Nederlanden stelt de klant bovendien een aantal rekentools ter beschikking, waarmee de klant beter is voorbereid om een keuze maken. Dat betreft niet alleen berekeningen voor verzekeringspremies, maar ook hulpmiddelen waaruit mensen hun mate van zekerheid kunnen afleiden.'Mijn getal' bijvoorbeeld berekent het benodigd pensioenbedrag, ondernemers kunnen de belangrijkste bedrijfsrisico's inschatten met 'Mijn Risico'. Over Nationale-Nederlanden
Nationale-Nederlanden is met ruim 5 miljoen particuliere en zakelijke klanten een van de grootste en meest toonaangevende verzekeraars van Nederland. Met deskundige medewerkers, goede producten en een uitstekende verhouding tussen prijs en kwaliteit is Nationale-Nederlanden 165 jaar actief in verzekeren. Wat er ook gebeurt.
- Tuesday 22 February 2011
Aviva's total reward statements go live Aviva is making it easier for people to understand the value of benefits provided by their employer. Total Reward Statements will be offered alongside group personal pensions and give employees an online personal statement of their benefits package including salary, bonus, pension, medical insurance, health screening, life and critical illness insurance, car allowance and holiday. The launch underlines Aviva's strength in the workplace savings market. The technology is provided by Staffcare, an award-winning employee benefits software company that licenses its technology to many of the UK's leading employee benefit consultants and corporate advisers. Paul Goodwin, head of pensions marketing at Aviva, said: "Aviva research shows that companies' employees want to view and manage their benefits in one place. Aviva's Total Reward Statement is ideal for employees because it enables them to understand and manage their workplace benefits. For example, people are more likely to save into a work pension if they can see how much it is worth and how
much it grows each year. "It's also good news for employers because it helps with staff retention and can make it simpler to communicate the benefits offered by the whole staff benefits package. We expect the workplace savings market to grow fast over the next few years, and it's one in which Aviva will play a leading role." -ends- For more information please contact:
David Gwyer 01904 452659 07800 693187 david.gwyer@aviva.co.uk
- Friday 18 February 2011
ING US Encourages Americans to Save the 2% FICA Tax Reduction into their Workplace Retirement Plan In an effort to promote greater retirement savings in the U.S., ING's U.S. Retirement Services business is rolling out an advocacy campaign this month for its more than 52,000 defined contribution plan sponsors and 6 million participant customers.
- Monday 14 February 2011
ING Chile among the most innovating companies ING Chile was selected as one of the 10 most innovating companies in the first study organised jointly by Universidad del Desarrollo, ESE - the Business School of Universidad de Los Andes - and La Tercera, a leading Chilean newspaper. The Ranking of Innovating Companies (Ranking de Empresas Innovadoras) awarded ING with the 4th place among the leading companies that set up internal processes aimed at consolidating competitiveness based on innovation. Andrés Castro, CEO of ING, underlined that since the start of these processes unique products and services have been developed within ING; such as the "GPS of savings": an automatic, personalised, 24h tracking system for savings and investments, based on the client's investor profile and risk appetite.
- Thursday 03 February 2011
ING EB US Extends its Fiduciary Service Program to More Types of Retirement Plan Sponsors February, 03, 2011
Windsor, CT Portfolio Blueprint® program with Morningstar Associates, LLC now available to healthcare, education and not-for-profit employers
- Monday 13 December 2010
UK: Aviva enhances the support available to its Group Income Protection Customers Aviva UK Health today announces a series of enhancements to its group income protection (GIP) product. These include the introduction of a new escalation rate which will see payments measured against the Retail Price Index. These payments will be capped at 2.5%. In addition, new customers taking out GIP will now benefit from an employee assistance programme (EAP) and 24-hour GP helpline for no additional cost. Existing customers will pick the benefits up at their next renewal. Earlier this year research from Aviva UK Health revealed that almost one in four businesses (23%) claim recent economically difficult times have taken a lasting toll on employee stress levels. This product enhancement means that employees can now access confidential support services 24-hours a day, 365 days of the year as part of their Aviva group income protection cover.
To view the full release, please go to:
http://www.aviva.com/media/news/9039/
Aviva plc
Registered in England
Registered number: 2468686
Registered office: St Helens, 1 Undershaft, London EC3P 3DQ
- Tuesday 02 November 2010
ACE Names Russell Bundschuh President of International Life Insurance Business ZURICH, November 1, 2010 ACE Limited (NYSE: ACE) announced today that it has appointed Russell Bundschuh President of its international life insurance business. In this role, Mr. Bundschuh will have executive responsibility for ACE's global life insurance and life reinsurance operations. He joins ACE from New York Life where he had been Executive Vice President and CEO of the Asia Sub-Region for the company's New York Life International business since 2009. Mr. Bundschuh will be based in New York and will report to Ed Clancy, Chairman of the company's Life division and Executive Vice President, Global Accident & Health and Life.
"We are pleased to welcome an executive with the proven business leadership background that Russell brings to ACE Life," noted Mr. Clancy. "With his experience leading New York Life International's Asia Sub-Region and his previous responsibility for operations across New York Life's businesses in Asia and Latin America, Russell is well suited to meet the challenges of developing and managing our life business in these important, fast growing markets," he added.
Prior to his most recent assignment, Mr. Bundschuh was Chief Operating Officer for New York Life International, responsible for several functions across nine countries in Asia and Latin America. He joined New York Life in 2004 as First Vice President of Corporate Development. Previously, Mr. Bundschuh had a 10-year career with McKinsey & Company, where he was a leader of the firm's Services Strategy and Operations practice. Prior to McKinsey, he spent four years with IBM's Marketing & Sales division in New York, where he was lead member for large-systems technical sales for a major insurance account.
Mr. Bundschuh holds undergraduate degrees in Geophysical Engineering and Electrical Engineering from the Colorado School of Mines, and earned an MBA in Finance from the Wharton School of the University of Pennsylvania. He also holds the FLMI professional designation.
Celebrating 25 years of insuring progress, the ACE Group is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE: ACE), a component of the S&P 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at: www.acegroup.com.
- Friday 22 October 2010
UK: Aviva launches adviser underwriting centre 22 October, 2010 Aviva has launched an online resource for advisers that will make the application process for life, critical illness and income protection insurance smoother for them and their clients. The Adviser Underwriting Centre is a free learning resource available through the "Aviva for Advisers" site. The centre is packed with everything that advisers need to know when helping clients complete a protection proposal. It includes a useful guide to the type of medical evidence Aviva is likely to need, and what the decision is likely to be if the client has a medical condition such as asthma, or has had a heart attack. Advisers can test their knowledge of medical conditions, with a certificate awarded for their personal development. Other features include: * A medical learning zone providing information about the human body and the conditions that affect it.
* Guidance on the medical evidence Aviva is likely to need for the 15 most common medical conditions.
* Guidance on the effect these conditions have on underwriting decisions. The launch of the Aviva Underwriting Centre supports Aviva's commitment to minimising non-disclosure within the industry and complements the already successful "what-if" line1, which Aviva launched in 2006. The centre helps advisers build relevant medical knowledge, enabling them to arm themselves with detailed information about the conditions that might affect their clients, supporting meetings with customers and helping them complete application forms more accurately. Richard Verdin, director of protection at Aviva, said: "The Aviva Adviser Underwriting Centre provides a new level of support for advisers selling protection business. Advisers who use the centre can develop an understanding of underwriting that will help them to advise clients on the non-financial aspects of protection. If their client has a medical condition, or has had one in the past, it can be difficult to know how it might affect the premium they'll pay, or whether they'll be accepted at all. "The Adviser Underwriting Centre will help make the application process simpler and quicker by enabling advisers to find out how their clients' medical conditions might affect their application, and what information they should include when applying."
- Thursday 14 October 2010
Pan-American Life Insurance Group Reports Rapid Revenue Growth, Reaffirms Commitment to the Limited Benefit Market NEW ORLEANS 10/13/2010 4:45:02 PM Pan-American Life Insurance Group reports that the company is projected to double revenue growth in the Limited Benefit Medical product segment since the first quarter 2010 launch of Pan-American Benefits Solutions, Inc. Unlike a number of insurance carriers that have recently announced they are exiting the health market as a result of the new provisions that were enacted on September 23, as part of health care reform, or the Affordable Care Act, that was signed into law in March, Pan-American Life has experienced growth as a result of the company's portfolio of product offering in the Limited Benefits Medical area. "We are expanding and enhancing our portfolio of products to provide customers with valuable and relevant benefits solutions." said Carlo Mulvenna, Vice President, Group Domestic Markets. "Unlike many carriers, Pan-American Life is investing in expanding this plan, and enhancing our portfolio to continue providing customers valued benefits solutions." Pan-American Life Insurance Company's Limited Benefit Plan, PanaMed, is a fixed-indemnity plan that pays scheduled benefits per covered events. Similar to other supplemental plans, it is exempt from the federal health care reform coverage requirements. "Fixed-indemnity Limited Benefit Medical plans were introduced to the market in the late 1990s, and now many large corporations, as well as an increasing number of distribution partners, are recognizing the cost-effective alternative and the benefits these plans provide," Mulvenna stated. Pan-American Life's Limited Benefit Medical plans are marketed by Pan-American Benefits Solutions, Inc., a member of the Pan-American Life Insurance Group. About Pan-American Life The Pan-American Life Insurance Group is a leading provider of insurance and financial services serving nearly half a million customers throughout the Americas. New Orleans-based Pan-American Life Insurance Company, the Group's flagship member, has been delivering trusted financial services since 1911, employing more than 700 worldwide, providing top-rated life and health insurance, worksite benefits and financial services in 47 states, the District of Columbia (DC) and Puerto Rico. The Group's member companies offer individual and/or group life and health insurance throughout Latin America. The Group has branches and affiliates in Costa Rica, Colombia, Ecuador, El Salvador, Guatemala, Honduras, Panama, Puerto Rico, and the Cayman Islands. For more information, visit the Pan-American Life Web site at www.panamericanlife.com
- Monday 03 May 2010
Pan-American Life becomes Network Partner in Central America We are pleased to announce that Pan-American Life joined our Network
- Thursday 15 April 2010
Let's talk group risk Aviva UK Health today announced the launch of a new and improved group risk website supported by a comprehensive marketing campaign designed to inform and educate intermediaries on the benefits of selling group risk. The radically improved website, which will be updated on a regular basis, now hosts over 20 pages of invaluable content designed to be easy to navigate. The new content includes 30 video clips of experts discussing a range of topics related to group risk. These include early intervention, claims management and rehabilitation. The expert commentary, which will also be used in interactive banner adverts also highlights the benefits of the specific product set and explains how group risk can make a real difference to both employers and employees. The campaign is part of Aviva's commitment to raise the profile of group risk benefits. The market is certainly there to be exploited; research conducted by Group Risk Development (GRiD) showed that a staggering 41% of employers did not know what the term "group risk benefit" meant, certainly not aided by the fact that almost two thirds of those questioned (63%) did not have any group risk products within their benefits package. The new marketing campaign, called Let's Talk Group Risk, has been created to help bridge this gap and emphasise the opportunities available for the savvy adviser. Steve Bridger, head of group risk said "We believe that education is key with regards to group risk. There is a wealth of opportunity out there and we want to give our intermediaries the tools to enable them to take full advantage. This investment underlines our commitment and expertise in this area so let's get talking!" As well as the new web pages and video footage, the campaign will be supported through an online and off-line marketing campaign. Aviva's group risk sales support literature has also been reviewed and updated. All of the above is available on www.aviva.co.uk/healthcarezone. -ends- For further information, please contact:
Amber Scott
Telephone: 02380 359383
E-mail: amber.chable@aviva.co.uk
- Monday 11 January 2010
Aviva significantly enhances its Group Risk products Aviva today announced a number of enhancements to its Group Risk products, including Lump Sum and Pay Direct options on its Group Income Protection and increased Free Cover Limits on its Group Life policies. These enhancements further improve the benefit flexibility and choice available from Aviva's Group Risk, making it one of the most comprehensive offerings in the market. With immediate effect, Aviva has increased the Free Cover Limit formula on its existing and new Group Life policies from £15,000 to £20,000 multiplied by the number of lives in a scheme, subject to a maximum of £1.25 million. Aviva has also increased the maximum Free Cover Limit from £1.25 million to £1.5 million for schemes covering 500-2,999 lives, and to £1.75 million for schemes covering 3,000 lives or more. The increased limits, applicable for all new business and renewals from 1 January 2010, mean that Aviva now offers some of the most generous Group Life terms in the market. In recognition of the increased mobility in today's job market, and the need for companies to control the costs associated with long-term sickness absence, Aviva has also introduced the following benefit options to its Group Income Protection product: Lump Sum option - rather than covering employees until retirement age, employers taking out a unit-rated Group Income Protection scheme can choose a two, three, four or five year limited term followed by a lump sum payment of one, two, three, four or five times salary, or up to nine times the annual income benefit (up to £1 million per life). A Lump Sum option helps employers control the cost of their Group Income Protection scheme, whilst still offering employees the rehabilitation support available on a standard Group Income Protection policy. In the event that the employee is unable to return to work at the end of the chosen term, the Lump Sum benefit paid to the employer can help fund early retirement or could be used to cover the cost of recruiting a replacement. Pay Direct option - where an employee is unable to return to work as a result of long-term illness and is removed from the payroll, the employer can choose for their Group Income Protection benefit to be paid direct to the employee. This option means that there is no obligation for the employer to keep the employee on their payroll in order to receive benefits, whilst also giving them the peace of mind that their former employee will continue to receive regular benefit payments for the duration of the Group Income Protection contract.
The new benefits follow the introduction of Once Only Underwriting, tele-interviews for medical underwriting, a bereavement helpline and improved Free Cover and Maximum Benefit limits in 2009, demonstrating Aviva's on-going commitment to the Group Risk Market. Steve Bridger, head of group risk, Aviva UK Health said: "With the workplace changing at an ever increasing pace, we're committed to ensuring that we offer our customers market leading products that respond to their changing needs, both in terms of financial protection and employee rehabilitation. Group Risk continues to be a main focus for Aviva, and these enhancements are the first of many to be introduced in 2010 to enable us to continue to offer our customers appropriate products that represent great value for money, and further cement our position as a key player in the Group Risk market."
- Tuesday 05 January 2010
ING closes transfer of its U.S. reinsurance business Amsterdam, 5 January 2010 ING announced today that it has closed the transaction to transfer its U.S. group reinsurance business, ING Reinsurance U.S., to Reinsurance Group of America, Inc (RGA). ING did not disclose terms of the agreement, which was previously announced on 16 October 2009 and effectively closed on 1 January 2010. The transfer of ING Reinsurance U.S. will have a limited positive impact on ING's 2010 earnings. The transaction is expected to release approximately EUR 100 million in capital and improve the debt/equity ratio of ING Insurance by around 60 basis points. ING will retain a reinsurance portfolio in the U.S. that has been in run-off since 2002.
- Monday 21 December 2009
ING completes rights issue and State repayment Amsterdam, 21 December 2009 ING announced today that it has completed its planned repurchase of EUR 5 billion of the Core Tier 1 securities issued in November 2008 to the Dutch State and its EUR 7.5 billion rights issue. Jan Hommen, CEO of ING said: "Today we have successfully completed a major first part of the measures we announced in October to chart a clear course forward and return our focus to the business and what matters most to our customers. With the support of our investors we have paid back half of the funds we received last year from the Dutch State." As announced on 26 October 2009, ING and the Dutch State agreed to alter the repayment terms of half of the Core Tier 1 securities in order to facilitate early repayment. The total payment amounted to EUR 5,606 million, consisting of the EUR 5 billion principal amount, plus accrued coupon from 12 May 2009 to 20 December 2009 of EUR 259 million and a repayment premium of EUR 347 million. ING has funded the State repayment with part of the proceeds of the rights issue that it has completed and settled today. A total of 1,768,412,544 (depositary receipts for) shares were offered and sold, of which 97% through the exercise of rights and the remainder through placements to institutional investors. As a result, ING today received approximately EUR 7.3 billion in proceeds, net of fees and expenses. The proceeds of the rights issue in excess of the State repayment will be used to mitigate the capital impact of the additional payments for the Illiquid Assets Back-up Facility which ING agreed upon in order to get approval from the European Commission on ING's Restructuring Plan, as announced on 26 October 2009. In total, these extra payments will amount to a net present value of EUR 1.3 billion, which will be booked as a one-off pre-tax special item in the fourth quarter of 2009. Further excess proceeds of the rights issue will be used to strengthen ING's capital position.
- Monday 19 October 2009
Aviva launches online secure service for advisers Aviva is launching online secure services on Aviva for Advisers, the website built for financial advisers. The new system will save advisers time by making it quicker and easier for them to work with their customers. The site launched on Monday 19 October - has been designed following extensive research among financial advisers and the improvements Aviva has made include: * Advisers can now see a personalised homepage with direct access to information about their new business pipeline, and saved quotes or new business applications - a first in the market.
* They can navigate more easily to clients'policies and Aviva products.
* A new "My Clients" service provides a single view of 4 million clients' bonds, pensions and protection policies.
* An improved "Quote and apply" function makes it easier for advisers to do business online. Advisers should visit: www.aviva.co.uk/adviser Billy Burnside, head of e-business at Aviva, said: over the last 12 months we've been talking and listening to feedback from advisers to understand how they want to interact with us online. We've been building our business around advisers and we've totally transformed the secure services section of our site so that we're giving advisers the online services and information they need. We're also launching new adverts that recognise the Moments that matter to advisers in their professional lives. They highlight how important technology is to advisers including Aviva for Advisers. -ends- Press office contacts: David Gwyer
Telephone: 01904 452659
Mobile: 07800 693187 Notes to editors: Aviva, the international savings, investments and insurance group, is the world's fifth largest insurance group, serving 50 million customers across Europe, North America and Asia Pacific. In the UK, Aviva is a leading provider of life, pensions, investment, general insurance and health products to more than 20 million customers. Aviva also provides roadside assistance through the RAC. Products are distributed through a number of channels including IFAs, brokers, corporate partners and direct to customers via the internet. Aviva's UK Insurance business has a market share of around 15%, making it the largest general insurer in the UK. The business is focused on insurance for individuals and small businesses. Aviva's life and pensions business in the UK has a total market share of 12% and a top three position in its key markets of savings, protection, and annuities.
- Wednesday 24 June 2009
ING Greece narrows focus in a move "Back to Basics" ING Greece announced last week that it has stopped underwriting new health insurance risks and will focus on its core business of life insurance and retirement services, in line with ING's "Back to Basics" strategy. ING Greece will continue to distribute health products of other providers, and has signed a letter of intent with Eureko/Interamerican for the distribution of health insurance. With this five-year contract, ING will distribute the integrated health insurance system "Medisystem" via its Greek sales network. The cooperation and any future collaboration will apply solely to the sales of new health insurance policies sold as of third-quarter 2009. ING Greece holds the second position in life insurance in Greece in terms of market share (including market share of ING-Pireaus) and has operated in Greece since 1980.
- Wednesday 11 February 2009
ING closes sale of Taiwanese life insurance business to Fubon Financial Holding ING announced today that it has closed the sale of its Taiwanese life insurance business to Fubon Financial Holding Co. Ltd. ("Fubon Financial Holding"), a leading diversified Taiwanese financial services company. As announced on 20 October 2008, the divestment is in line with ING's strategy to actively manage its portfolio of businesses, allocating capital to those businesses that generate the highest return. Under the terms of the agreement, ING sold its Taiwanese life insurance business for a consideration equivalent to USD 600 million. The transaction has significantly reduced the economic capital attributed to insurance. The transaction resulted in a loss of EUR 292 million which has been booked in the fourth quarter of 2008. Press enquiries Nanne Bos, ING Group
+31 20 541 6516 nanne.bos@ing.com Karen Williams, ING Asia/Pacific
+852 9106 1350 karen.williams@ap.ing.com
- Thursday 04 December 2008
ING closes acquisition of Turkish pension company Oyak Emeklilik ING announced today that it has closed the transaction to acquire Oyak Emeklilik. As previously announced on 17 June 2008, ING will acquire Turkey%u2019s sixth largest pension company for a total cash consideration of EUR 110 million, entirely financed from existing internal resources. Established in 2003, Oyak Emeklilik is a leading pension company in Turkey specifically established for manufacturing and distributing private pension plans. Oyak Emeklilik has over 150,000 customers and 150 employees. It distributes its products both through a network of independent agents and ING Bank Turkey (formerly Oyak Bank). Oyak Emeklilik will be integrated in ING Insurance Central Europe and re-branded under the ING brand in 2009.
- Tuesday 08 July 2008
Bupa International launches cover for new EU countries People living and working in new EU countries, such as Bulgaria and Romania, can now access international private medical insurance tailored to their needs, thanks to a new product from Bupa International, the world's largest international health insurer. The European Health Plan provides people living in Bulgaria, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia with access to treatment in hospitals or clinics anywhere in Europe. It also includes cover for chronic diseases, such as diabetes, worldwide emergency travel and the facility to add dental and optical cover. In addition, European Health Plan customers have access to Bupa International's 24-hour worldwide medical assistance helpline, which is open 365 days a year and is manned by a team of experienced advisers who, between them, speak 34 languages. Steven Martin, European development consultant, Bupa International said: "Because the plan is focused on European coverage, medical costs and premiums are more affordable. Cover starts from just EUR 507 per person per year." "The region is developing rapidly and with the European Health plan, Bupa International is meeting the growing demand for international health insurance from companies and expats, as well as local professionals who want to ensure all their health needs are covered." Last month, Bupa International released statistics which showed the top procedures undertaken by expats in Europe were diagnostic tests - such as colonoscopies and gastrocopies - which is a sign that these tests are becoming more mainstream.
"This can only be a good thing; after all the sooner health problems are diagnosed, the better the chance of someone being treated successfully, commented Bupa International's Steven Martin. Bupa International also recently announced that it now provides cover not just for the diagnosis of chronic diseases but also to control them.
- Friday 13 June 2008
Acibadem Sigorta becomes Network Partner in Turkey We are pleased to announce that Acibadem joined our network
- Thursday 17 April 2008
Swiss Mobiliar Group - 2007 results Our Swiss partner Mobiliar has published their 2007 results
- Thursday 21 February 2008
Ace Life becomes Network partner in Middle East We are pleased to inform you that we can now offer Group Life and Disability coverage in the Middle East through our new Network Partner. As of 1 January 2008, Ace Life UAE has joined our global network, positioning it further on this booming market. Ace Life UAE has opened its office in June 2007. It is currently operating in Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain, Oman Lebanon and Jordan, and it is part of the Ace Group with worldwide presence in both Life and non-Life. In a first stage, Group Life and Disability coverage will be offered. As of 1 June 2008, Medical coverage will be added to their product range. We sincerely welcome our new partner on board and believe that we now have excellent capabilities in the quickly growing Arab Employee Benefits market! If you are interested in learning more about Ace Life UAE, do not hesitate to contact the ING Global Network or visit www.acelifemea.com.
- Friday 18 January 2008
SulAmérica Is Among the Global Insurance Top 10 SAO PAULO, BRAZIL--(Marketwire - January 17, 2008) - UBS investment bank has included SulAmérica bonds among the top ten options of the global insurance market. According to the report, Global Insurance Weekly, company shares show strong potential to grow. On the call recommendation, UBS foresees that SulAmérica profit per share will grow 40% in 2008 and 16% in 2009.
The second largest Brazilian insurance group and market leader among independent players with approximately 15% market share, SulAmérica is the only Brazilian company on the Top 10 list, lead by Allianz, Cathay Financial Holdings and Catling.
- Thursday 17 January 2008
ING closes acquisitions of Santander's Latin American pension and annuity business ING announced today that it has closed all five transactions to acquire 100 percent of Banco Santander's pension and annuity businesses in Mexico, Chile, Colombia, Uruguay and Argentina. Today's final approval from regulators in Chile completes this acquisition process. ING is now the second largest pension fund manager in Latin America. On July 27th and on November 14th 2007, ING signed agreements with Banco Santander to acquire these five mandatory pension fund management companies (AFPs) and an annuity company in Argentina for a total consideration of USD 1.6 billion (EUR 1.1 billion[1]). With the closing of these five transactions, ING has doubled its pension assets under management in Latin America to more than EUR 35 billion (September 2007), and expects to double this figure again by 2011. ING's customer base in the region has increased to approximately 22 million customers. ING is now the number three pension provider in Mexico, number three in Chile, number five in Colombia, number two in Uruguay and number one in Argentina, where it has also become the number two annuity provider. Separately, ING is the number one pension provider in Peru. Tom McInerney, ING Executive Board member and CEO for ING Insurance Americas said, "Completing this transaction is a major accomplishment for ING's growth strategy. ING Insurance looks forward to solidifying its position in Latin America through a combination of organic growth and strategic opportunities in its wealth management core competency (pension and life). We officially welcome our new employees and affiliates to ING." In 2006 the Santander LATAM business reported EUR 18.3 billion of assets under management by year end and after tax profits of EUR 81 million. Based on the purchase price of USD $1.6 billion (EUR 1.1 billion), the transaction reflects a Price/ Earnings multiple of 13.5 times the 2006 earnings. All five transactions are booked in the Quarter of closing: the Mexico acquisition was booked in Q3 2007, the Colombia, Uruguay and Argentina acquisitions were booked in Q4 2007, and the Chile acquisition will be booked in Q1 2008. The four closings in 2007 have gone well, and the integrations are on track, especially in Mexico which was the first to close.
- Wednesday 14 November 2007
ING to acquire Argentina's leading pension and annuity business ING announced today that it has reached an agreement with Santander and Grupo Bapro to acquire 100% of Argentine pension fund Origenes AFJP and annuity company Origenes Seguros de Retiro to further strengthen ING's position in Latin America. This transaction will make ING the largest pension fund manager and second largest annuity provider in Argentina, further enhancing the scale of its recently boosted Latin American
wealth management business. Under the terms of the agreement, ING will acquire 59.2% of the mandatory pension and annuity business from Santander=20
and the remaining 40.8% from its joint venture partner, Grupo Bapro and its subsidiaries, for a total consideration of USD 280 million (EUR 192 million). The impact of this acquisition is equivalent to 35 bps of the debt equity ratio of ING Group. Tom McInerney, ING Executive Board member and CEO for ING Insurance Americas said, "These pension and annuity businesses both have exceptional market positions in Argentina, making this acquisition an excellent platform with which to grow ING's wealth management and retirement services position in the region. This acquisition represents another milestone in ING's strategy to support growth through suitable bolt-on acquisitions." Santander's and Grupo Bapro's pension and annuity businesses in Argentina had more than 2.4 million customers and 1,761 employees and sales personnel at the end of June 2007 and distribute products primarily through a network of tied agents. As of June 2007 the business reported USD6.5 billion (EUR4.5 billion) of assets under management and after tax profits of USD37 million (EUR25 million) (Argentina's fiscal year ends June 2007). On July 27, ING announced that it had reached an agreement with Santander to acquire its Latin American pension businesses excluding Argentina. These mandatory pension fund management companies (AFPs) are located in Mexico, Chile, Colombia and Uruguay and make ING the second largest pension fund manager in Latin America. This transaction is subject to regulatory approval and is expected to close in December 2007. Press enquiries:
Pilar Teixeira, ING Group + 31 20 541 5469, pilar.teixeira@ing.com
Dana Ripley, ING Insurance Americas +1 770.980.4865, dana.ripley@us.ing.com ING is a global financial institution of Dutch origin offering banking,insurance and asset management to over 75 million private, corporate and institutional clients in 50 countries. With a diverse workforce of over 120,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand. In the Americas, ING Insurance employs 28,000 people and has operations in the United States, Canada, Mexico, Brazil, Chile and Peru, where ING offers a range of wealth accumulation and asset management products and participates in the pension, life, annuity, health, auto and property & casualty insurance businesses. Certain of the statements contained herein are statements of future expectations and other forward-looking statements.
These expectations are based on management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those in such statements due to, among other things,
(i) general economic conditions, in particular economic conditions in ING's core markets,
(ii) performance of financial markets, including emerging markets,
(iii) the frequency and severity of insured loss events,
(iv) mortality and morbidity levels and trends,
(v) persistency levels,
(vi) interest rate levels,
(vii) currency exchange rates
(viii) general competitive factors,
(ix) changes in laws and regulations,
(x) changes in the policies of governments and/or regulatory authorities.
ING assumes no obligation to update any forward-looking information contained in this document.
- Monday 16 July 2007
ING rated Australia's best overall Group Risk provider ING has been rated Australia's top-performing Group Risk provider with customers rating the quality of ING's overall offering ahead of its peers, according to an industry-first study. The study of the country’s top-10 life insurers by NMG Financial Services Consulting ranked ING Group Risk in the top quartile for a range of key measures, including the highest for product quality, back office administration and problem solving. The independent research report was based on face-to-face interviews with more than 30 clients - including key decision-makers at large industry funds, master trust providers and corporates. Mark Prichard, Director at NMG Financial Services Consulting, said: “The study compares the competitive performance of Australia’s leading group life insurers from the perspective of key decision-makers. The results will help insurers objectively assess their performance against their peers.” Paul Trigg, ING’s Manager of Group Risk Markets, said the NMG results are welcome recognition for the efforts ING has made to deliver quality service and provide ongoing value for employers and super fund clients. “This study shows ING Group Risk is in the top quartile of industry performance for its client relationship management,” he said. “The overall product service satisfaction among industry funds shows ING leads the field in terms of meeting client needs.” ING has the second-largest market share for Group Risk in Australia, making the results even more impressive as it demonstrates an ability to provide quality products and service across a much larger client base than most of its competitors.
- Tuesday 26 June 2007
New ING Global Network website is live We are pleased to inform you that our revamped website is now live.
- Thursday 07 June 2007
Pensions campaign launched in Romania ING Life Insurance Romania has launched its first pensions campaign. Striking billboards and displays with the familiar "Smiley" symbol have been set up in various Romanian cities. Commercials are also being broadcast on TV and there are advertisements at bus and metro stations and in lifts at major shopping centers, and a special website has been launched. The purpose of the campaign is to make Romanians aware of their financial position after they retire, and to point out the benefits of ING's voluntary pensions. Earlier this year, ING became the first life insurance company to obtain a license from the Romanian authorities to offer voluntary pension insurance. Romania provides a state pension, but for an estimated 2.3 million Romanian employees, this is often not enough to make ends meet. They now have the opportunity of taking out voluntary pension insurance with ING. When they retire, they will then receive monthly benefits in addition to their state pensions. In view of ING's strong name recognition in Romania and its excellent position in the local insurance market, Bram Boon, CEO ING Life Insurance Romania, expects ING to play a leading role in the voluntary pensions arena. "A market share of 25% is possible," he says.
- Monday 07 May 2007
ING NN elected best pension fund in Poland ING Nationale-Nederlanden Open Pension Fund has recently been elected as the best open pension fund in the Polish market by the leading daily newspaper Rzeczpospolita. Twice a year the newspaper publishes a list of the most effective open pension funds. The ranking is based on a number of categories such as value of the pension account, position in the rankings of the Polish Financial Supervisory Authority and risk assessment. The newspaper gives points for each category. The ING Nationale-Nederlanden Fund scored 55 our of 60 points, finishing before Polsat (53) and Generali (48.5). The ING NN fund is the second largest pension fund in Poland in terms of net assets and number of clients. Its market share is 23%.
- Friday 30 June 2006
Expansion of the network in the Chinese market Two of ING's Joint Venture companies have become partners of our network.
- Thursday 30 March 2006
ING Korea joins the network ! We are very pleased to announce to you that ING Korea decided to become a member of the Global Network.
- Monday 14 November 2005
New partner in Slovenia Zavarovalnica Triglav, a leading Slovenian insurer, has agreed to become a Network Partner.
- Tuesday 25 October 2005
ING Vysya has joined the network ! We are pleased to announce that we have a partner in India.
- Monday 11 July 2005
Nordea joins the network ! The Norwegian insurer Nordea has decided to join our network.
- Wednesday 29 June 2005
New International Sales Director We're pleased to announce that Steve Barry has joined the network in the USA.
- Tuesday 20 July 2004
Strengthened presence in Taiwan The network welcomes ING Antai in Taiwan.
- Wednesday 14 July 2004
SulAmérica joins the network The network has a new partner in Brazil.
- Thursday 24 June 2004
New partner in Luxembourg The network welcomes La Luxembourgeoise, its new partner in Luxembourg.
- Thursday 17 June 2004
ING Chile is the new network partner in Chile ING Chile joins the ING Employee Benefits Global Network
- Friday 04 June 2004
Tranquilidade joins the ING Employee Benefits Global Network We are very pleased to announce you that Tranquilidade is the network representative in Portugal.
- Tuesday 01 June 2004
New partner in Switzerland Swiss Mobiliar/Providentia has decided to become our network partner in Switzerland.
- Thursday 13 May 2004
IHI danmark A/S joins the network Since May 1, we have a new Danish partner who provides medical coverage to TCNs & Expatriates.
- Monday 26 April 2004
Russia - Newsletter on Tax Reform ING Russia issued a special newsletter on how the Russian Tax Reform impacts the current pension reform.
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