AP – Conseco Inc., the parent of Banker’s Life and Casualty and Colonial Penn Life Insurance, on Friday posted a fourth-quarter profit, reversing last year’s loss, as sales rose 18 percent and the company lost less on investments than during the market downturn.
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BusinessWeek – When insurer AIA moved back into its gray stone colonial headquarters on Shanghai’s waterfront Bund in 1998, it marked the return of foreign insurance companies to China after their ejection nearly five decades earlier. Since then the floodgates have opened as Cigna , AXA , Allianz (Toronto:AZ.TO – News), and dozens more have set up shop on the mainland, aiming to tap a market of 1.3 billion people with few options for life insurance.
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BusinessWeek – When insurer AIA moved back into its gray stone colonial headquarters on Shanghai’s waterfront Bund in 1998, it marked the return of foreign insurance companies to China after their ejection nearly five decades earlier. Since then the floodgates have opened as Cigna , AXA , Allianz (Toronto:AZ.TO – News), and dozens more have set up shop on the mainland, aiming to tap a market of 1.3 billion people with few options for life insurance.
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