Cubical One

Allianz Life has completed its reinsurance agreement with Resolution Life and Sixth Street affiliates like Talcott Resolution Life Insurance Company. First announced last December 03, the now finalized transaction features a $35 billion fixed index annuity portfolio and “unlocks” $4.1 billion in value, freeing up regulatory capital for the Munich-headquartered insurance group. In a release, Allianz noted: “Allianz Life continues to manage the administration of the policies in the portfolio and will remain responsible for fulfilling its obligations to policyholders....

Allianz unit seals reinsurance deal - Cubical One Allianz Life has completed its reinsurance agreement with Resolution Life and Sixth Street affiliates like Talcott Resolution Life Insurance Company. First announced last December 03, the now finalized transaction features a $35 billion fixed index annuity portfolio and “unlocks” $4.1 billion in...

HDFC Bank has increased interest rates on fixed deposits (FDs) for select tenors. These rates will be effective from January 12, 2021. According to the bank’s website, it has raised interest rates on FDs worth less than Rs 2 crore with maturities of above two by five-10 basis points. According to the website, now FDs with tenure between 2 years 1 day and 3 years will earn 5.2%, 3 year 1 day and 5 years will fetch 5.4% and 5 years 1 day and 10 years will fetch 5.6%....

HDFC Bank hikes FD interest rates by 5-10 bps for these tenures: Check details - Cubical One HDFC Bank has increased interest rates on fixed deposits (FDs) for select tenors. These rates will be effective from January 12, 2021. According to the bank’s website, it has raised interest rates on FDs worth less than Rs 2 crore with maturities of above two by five-10 basis points. According to ...

Binance Labs, the venture capital arm of the digital exchange, Binance, announced an investment in open-sourced game Nine Chronicles today. The strategic investment will support the company in the expansion of its team. Launched in October 2020, the Nine Chronicles Network has witnessed a jump in its popularity during the last few months. According to the details shared by the company, over 10 million NCG Tokens have been distributed to players through its play-to-earn economy....

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SiriusPoint has appointed Ari Chester as head of US and Canada reinsurance. Promoted from his previous role as chief operating officer, Americas reinsurance, Chester will be responsible for managing the US and Canadian business across property treaty, casualty treaty, and other specialist lines, SiriusPoint said. He succeeds Warren Trace, who is retiring after 38 years of service. Chester joined SiriusPoint in early 2021 from McKinsey & Company, where he served as partner....

SiriusPoint selects new head of reinsurance for US and Canada - Cubical One SiriusPoint has appointed Ari Chester as head of US and Canada reinsurance. Promoted from his previous role as chief operating officer, Americas reinsurance, Chester will be responsible for managing the US and Canadian business across property treaty, casualty treaty, and other specialist lines, Sir...