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AXA Equitable Life pays $1.9 million fine for New York infractions
AXA Equitable Life Insurance Co. paid a $1.9 million fine for violating New York’s insurance laws between 2001 and 2006, regulators said. The New York State Insurance Department said the New York-based...
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Florida insurance agent accused of $2 million STOLI scheme
A Davie, Fla., insurance agent is accused of scamming senior citizens out of millions of dollars by making misrepresentations on life insurance applications to later sell them as stranger-originated...
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Hartford seeking buyouts to some annuity holders
Connecticut-based Hartford Financial Services Group is seeking annuity buyouts to reduce risk and boost capital. Hartford is seeking regulatory approval to offer some variable annuity owners cash in...
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AXA to pay $20 million fine over annuities in NY
AXA Equitable will pay a $20 million fine to the New York Department of Financial Services (DFS) for violations of insurance law related to certain variable annuity products. The fine was announced by...
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Buffett, Greenberg see insurance expansion opportunities in Asia
Two octogenarian insurance magnates are making bets on Asia. Warren Buffett’s Berkshire Hathaway Inc. and Maurice “Hank” Greenberg’s Starr Cos. are quietly expanding their operations, hoping to...
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Bhandari, Holt, Pendleton, Spain: Virginia personnel news
Jay Bhandari, president of Jay Insurance in Vienna, Va., was appointed a commissioner of the Virginia Public School Authority Board for a six-year term by Gov. Terry McAuliffe. Acuity Management...
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Axa joins IFC in developing markets insurance push
Axa is to partner with the private investment arm of the World Bank in what is set to be the most wide-ranging public-private venture to encourage the uptake of insurance products in the developing...
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Principal Financial to acquire AXA’s Hong Kong pension business
The Principal Financial Group announced that it will acquire AXA’s Mandatory Provident Fund (MPF) and Occupational Retirement Schemes Ordinance (ORSO) pension business in Hong Kong for about $335...
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AXA enters U.S. employee benefits market
AXA S.A., a large global financial protection and retirement savings firm, is further extending its footprint into the United States with the launch of its U.S. Employee Benefits business, through...
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Former Pa. insurance agent gets federal prison for $1.5 million scam
A former central Pennsylvania insurance agent who admitted conning his friends out of roughly $1.5 million in an investment scheme will spend more than 5 years in federal prison. Dennis Wright, 68, of...
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Genworth to sell lifestyle insurance unit to AXA
Genworth Financial has entered into exclusive negotiations with French insurer AXA to sell its lifestyle protection insurance business for about $510 million. Richmond, Va.-based Genworth said in a...
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Genworth closes sale of lifestyle protection unit to AXA
RICHMOND, Va. — Genworth Financial, Inc. announced that it has closed the sale of its lifestyle protection insurance business to AXA. The adjusted sale price was approximately $490 million and net...
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Hartford expands coverage for U.S. firms operating globally
The Hartford Financial Services Group Inc. has expanded its insurance capabilities for the international risks of U.S. businesses, teaming with Paris-based Axa Corporate Solutions S.A. to offer local...
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AXA, Alibaba partner to distribute insurance products globally
French insurer AXA has partnered with Chinese e-commerce giant Alibaba and its affiliate, Ant Financial Services Group, to distribute insurance products and services to consumers around the world. The...
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MiniCo expands collectibles insurance program with with AXA ART
MiniCo Insurance Agency, in collaboration with fine art insurance specialist AXA ART Americas Corporation, has broadened its collectibles insurance program to offer expanded coverage of up to $250,000...
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AXA taps DeMinico to bolster national life sales
AXA has tapped Fred DeMinico to lead independent distribution in the U.S. as the global insurer seeks to increase sales through financial institutions and broker general agents. DeMinico was hired away...
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AXA seeks IPO for U.S. insurance, asset management units
The U.S. unit of the French insurer AXA has filed for an initial public offering (IPO), according to a U.S. regulatory filing on Monday, as reported by Reuters. The listed company, AXA Equitable...
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