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The insurance segment includes RenaissanceRe Syndicate 1458. Ventures include RenaissanceRe Ventures Ltd. and Renaissance Underwriting Managers, Ltd. [3] In 2013, the company's annual revenue was 405,209,000 dollars. [4]
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person.
The Sputnik Group currently owns proprietary investments in Russian insurance (Renaissance Insurance), forestry, telecommunications and media sectors – as well as a number of investments in foreign companies. In 1999, he established the Cadet Corps Fund, and is the Fund's president. [10]
The least expensive type of life insurance is usually term life insurance. It provides coverage for a specific period — often 10, 20 or 30 years — and is typically much cheaper than permanent ...
In 1851, the oldest predecessor of The Phoenix Companies, The American Temperance Life Insurance Company, was founded.The American Temperance Life Insurance Company was a part-mutual, part-stock company that insured only those who abstained from alcohol and was founded by a group of prominent Hartford businessmen as well as religious and civic leaders.
Mutual Benefit Life was taken into receivership for rehabilitation by the New Jersey Department of Banking and Insurance on July 16, 1991, after losses in an overheated real estate market led to a run by policyholders, who ultimately lost the purported "cash value" that had been said to have accrued in their policies. At the time, the collapse ...
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