Archive for January 11th, 2007

Genworth group benefits division sold to Sun Life

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China Life is now the third largest global insurer by market value, behind AIG and Berkshire Hathaway

“With a market value of $US128 billion ($164 billion) by Tuesday’s close, China Life was behind only AIG and Berkshire Hathaway in the rankings of global insurance companies.”
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Steve Wynn tries to shake down insurer over hole

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Some actuarial recruitment firm makes up some ridiculous numbers and gives them to the press

“The financial services company [Alexander Forbes] is one of the largest employers of actuaries in South Africa. It has more than 50 actuaries in this country and more than 150 in total in the group.”
“One recruitment specialist, who did not wish to be identified because it works closely with companies like Alexander Forbes, said it had facilitated the placement of about 20 Alexander Forbes actuaries in the last 18 months.

But Walker said the number of resignations from the company was “much lower” than this.

At a rough count, about 12 have resigned in the last two years, he said.”
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Henry Herrera appointed chief executive of Sun Life in the Philippines

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Mercator Risk Services has a new Boynton Beach, Florida office

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