Impact of GM Bankruptcy on Retiree's Pension and Insurance Raises Industry Concerns

The bankruptcy of General Motors led to significant pension and life insurance losses for retirees like Ed Bambas, highlighting risks in retirement security and insurance coverage for veterans and former employees.

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Gain exclusive access to daily private equity news, premium market stories, and fundraising insights with a Premium Subscription, featuring mobile platform convenience for PE professionals.

Hong Kong Insurers Brace for $334M Claims After Deadly Wang Fuk Court Fire

Hong Kong's insurance sector faces over US$334M in claims after the Wang Fuk Court fire, with insurers streamlining claims and offering premium relief.

Nepal Non-Life Insurance Sector Sees Nearly 13% Growth; Micro-Insurance Expands Over 40%

Nepal's non-life insurance sector grew 12.93% in early fiscal 2082/83, driven by micro-insurance expansion and increased market penetration across rural and low-income areas.

Air Force Updates Eligibility and Policies for Developmental Education Programs

The U.S. Air Force revises eligibility and declination policies for intermediate and senior developmental education, enhancing flexibility and aligning with operational requirements.

NRN to Sell 594,000 Shares in Prabhu Mahalaxmi Life Insurance to Promoter Shareholders

NRN offers 594,000 shares of Prabhu Mahalaxmi Life Insurance to existing promoter shareholders with a 35-day application period in Kathmandu, impacting Nepal's insurance sector.

DXC Powers ivari’s Cloud Transformation, Cutting Operating Costs by 22%

DXC Technology enables Canadian insurer ivari to modernize core systems via AWS cloud, reducing operating costs by 22% and launching new life insurance products.

Global Universal Life Insurance Market to Reach $132.3B by 2033

Explore the global universal life insurance market growth projected to $132.3B by 2033, highlighting regulatory trends, AI-driven underwriting, and digital transformation shaping the industry.

Indian Financial Firms Advance Capital Raising and Strategic Moves in December 2023

Explore how leading Indian financial firms like Indian Railway Finance Corp and HDFC Life Insurance are strategically raising capital through loans and debentures in December 2023, impacting investment and regulatory landscapes.

Understanding Website Cookies and Their Role in User Experience

Explore how website cookies function to improve user experience by storing data and how users can manage these settings through their browsers.