MetLife International Holdings has entered into a share purchase agreement with IGE (India) Private Limited and Elpro International Limited to acquire their total combined shareholding of 15.27% in PNB MetLife India Insurance Company Limited. The transaction is subject to all necessary regulatory approvals. The Dabriwala family, through their companies, IGE and Elpro, is one of the initial investors in PNB MetLife, a leading life insurance franchise in India with access to more than 200 million customers across 15,000 sales locations nationwide. Upon completion of the transaction, MetLife’s st ..read more

The sons of a former housekeeper for the prominent Murdaugh family will be paid some of $4.3 million in settlements collected after their mother's mysterious 2018 death, their attorney wrote on Oct. 3. Cory Fleming and his law firm, Moss, Kuhn and Fleming, will pay the sons all legal fees and expenses the firm received from settlements connected to claims asserted against Alex Murdaugh for the death of Satterfield, according to a statement by the Bland Richter law firm. Ronnie Richter, their attorney, filed a lawsuit on Sept. 15 alleging the sons were not included in settlement talks related ..read more

Allianz Suisse announced a reinsurance agreement this morning with Resolution Re covering a $4 billion block of run-off business. The reinsurance transaction has been approved by the Swiss Financial Market Supervisory Authority (FINMA). The persistent low interest rate environment over the past few years prompted the deal, Allianz said in a news release. The insurers also faces the wrath of Department of Justice investigators. Under the agreement, Resolution Re will take over the market and insurance risks of a legacy portfolio of individual life insurance products from Allianz Suisse, within ..read more

HAMPTON, S.C. (NewsNation Now) - The lawyer for the man accused of shooting Alex Murdaugh in a failed insurance fraud scheme says his client is being used as the fall guy. Jarrett Bouchette is representing Curtis Smith. The 61-year-old is being charged with a slew of crimes including assisted suicide and conspiracy to commit insurance fraud. The charges stem from Smith allegedly shooting Murdaugh during Labor Day weekend in what investigators say was a ploy to get Murdaugh's remaining son Buster a $10 million insurance payout. Smith's accounts of what happened differs greatly from what Murdau ..read more

Allianz SE is working on a deal to offload a large block of U.S. life insurance policies in a move that reportedly could be announced in the coming days. A spokesman for Allianz Life Insurance Co. of North America said this morning that the company will decline comment. Europe’s largest insurer is "discussing a potential reinsurance deal for a portfolio with tens of billions of dollars in assets and liabilities," Bloomberg reported Friday afternoon. The potential sale appears connected to legal and regulatory difficulties Allianz is facing. The insurer is a target of investigations by the U.S ..read more

For Lori Vallow and Chad Daybell, their young marriage will have to withstand sickness, health and a murder trial. The newlyweds will be reunited in a courtroom to stand trial together for the murder of Vallow’s children, 7-year-old JJ and 17-year-old Tylee, and soon as Vallow is declared competent, Seventh District Court Judge Steven Boyce said during a hearing last week, the Rexburg Standard Journal reported Sunday. Madison County Prosecutor Rob Wood and Fremont County Prosecutor Lindsey Blake filed a joint request to Boyce, asking for Vallow and Daybell to face a jury together, citing that ..read more

The Penn Mutual Life Insurance Company announced today that, effective January 1, 2022, David O'Malley will serve as the company's president and chief executive officer as part of a planned succession process. Eileen McDonnell, current chairman and chief executive officer, will assume the role of executive chairman of the Penn Mutual board of trustees. McDonnell was named chief executive officer in 2011 and chairman in 2013 after joining the company as chief marketing officer in 2008. During her tenure, she successfully led meaningful strategic investments in distribution growth, product and ..read more

HAMPTON, S.C. (WSAV) – Alex Murdaugh's lawyers are looking to return to court. Attorney Jim Griffin tells WSAV his team is requesting a preliminary hearing in the criminal case. Murdaugh is charged with insurance fraud and conspiracy to commit insurance fraud, as well as making a false 911 call. MORE: THE MURDAUGH INVESTIGATION He allegedly attempted to have someone shoot and kill him so his son could collect the multi-million dollar insurance policy. The hearing will be held in a Hampton County court. No date has been set. The post Alex Murdaugh Attorney Requesting Preliminary Hearing appe ..read more

By Suzanne R. Saywardis Although we do not sell life insurance here at Samuel, Sayward & Baler LLC, we do help clients plan for their families' future and life insurance is often a part of that planning. Here are five things to consider in the context of your estate plan when thinking about purchasing, or dropping, a life insurance policy. 1. Life insurance is an excellent planning tool for young families. Young couples just starting life together often do not have a lot of assets. They are at the beginning of their careers so their earnings are not at their peak. In addition, they may ca ..read more

A Maryland couple allegedly concealed an elaborate fraud scheme over 25 years to reap more than $20 million in life insurance benefits on behalf of applicants. A federal grand jury has returned an indictment charging James William Wilson, Jr., 74, and Maureen Ann Wilson, 73, of Owings Mills, Md., with federal charges of conspiracy, mail fraud, wire fraud, money laundering, and filing a false tax return. James Wilson has also been charged with aggravated identity theft. According to the 21-count indictment, from at least 1996 until the present, the Wilsons conspired to fraudulently obtain more ..read more