Insurance industry
John Hancock has launched a leadership development program for agents interested in pursuing management roles as part of its broader strategy to expand its career agency system. The program offers five distinct levels of professional development, each with coursework and clear guidelines on achievement benchmarks and timelines. This initiative is
Insurance industry
The peso rate closed at P55.65 to the US dollar last Friday, while the weighted average rate stood at P55.731. Finance Secretary Cesar V. Purisima expressed optimism about achieving a budget deficit of P150 billion this year, down from the initial target of P180 billion. The International Monetary
Insurance industry
ManTech International Corporation has announced a collaboration with Cisco Systems, Inc. to focus on providing advanced application infrastructure services and solutions to the federal government, based on the recently announced Cisco Application-Oriented Networking (AON) technology. The partnership aims to help government customers integrate disparate data and comply with security guidelines
Insurance industry
Prominent professionals in the fields of architecture, engineering, finance, and more have made significant career advancements in recent times. Stephen L. Lombardo is taking on a new role as director of environmental services at Boelter & Yates Inc., while Eugene Losey has been appointed as the vice-president for academic affairs
Insurance industry
A.M. Best Co. has upgraded the financial strength ratings of ULLICO Inc.'s (ULLICO) life/health subsidiaries, The Union Labor Life Insurance Co. (Union Labor Life) and its wholly-owned subsidiary, ULLICO Life Insurance Co., to B (Fair) from B- (Fair). This upgrade reflects the improved financial condition of
Insurance industry
Corvus Capital Inc. has sparked speculation regarding a potential acquisition of Royal & Sun Alliance Insurance Group plc after expressing interest in the company. While Corvus emphasized that consideration of a transaction involving Royal & Sun is at a preliminary stage and no guarantee that any offer will be forthcoming,
Insurance industry
Fifteen companies, including six subsidiaries of American International Group Inc., were fined a total of $34 million by the National Association of Securities Dealers for receiving commissions in exchange for promoting certain mutual funds. The NASD, a private-sector regulator, said the deals violated the NASD's Anti-Reciprocal Rule, which
Insurance industry
John Houldsworth, an executive with Berkshire Hathaway Inc.'s Gen Re insurance unit, will plead guilty to a charge related to the exaggeration of American International Group Inc.'s finances. This marks the first guilty plea in the ongoing investigation into the alleged manipulation of AIG's
Insurance industry
American International Group (AIG) has withdrawn its application to sell group insurance in mainland China after acknowledging that its Hong Kong agents had been selling policies across the border in contravention of applicable regulations. AIG's Hong Kong life insurance arm, American International Assurance (AIA), had barred its employees
Insurance industry
The US stock market declined on Tuesday, trimming May's gains for the S&P 500 and Dow Jones industrial average, as a drop in the Chicago Business Barometer suggested waning demand for commodities. Aluminum and steel producers such as Alcoa Inc. and Nucor Corp. fell, along with
Insurance industry
Aetna, one of the nation's leading providers of health care, dental, pharmacy, group life, disability, and long-term care benefits, will be presenting at the Sanford C. Bernstein & Co. 21st Annual Strategic Decisions Conference. The presentation, led by John W. Rowe, M.D., Chairman and CEO of Aetna,
Insurance industry
Higher education professionals in the US are growing increasingly concerned about their access to and the costs of retiree health care, leading many to delay their retirement. In response to this issue, Emeriti Retirement Health Solutions has teamed up with Fidelity Investments and Aetna to introduce the Emeriti Program, a
