November 20, 2024 9:00 AM Newmark announces the firm has hired Vince Punzi and Lowell Takahashi as Executive Managing Directors in the Irvine office. Punzi and Takahashi join Newmark from Berkadia, where since late 2019 they originated financing opportunities across Fannie Mae, Freddie Mac, FHA, debt funds, banks and life insurance company transactions.

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SEOUL, South Korea& NEW YORK---- Hanwha Life, South Korea’ s first life insurance company, today announced it has agreed on the 18th to acquire a 75% stake in the parent of Velocity Clearing, a U.S.- based global financial services firm. With this acquisition, Hanwha Life will secure a foothold in the U.S. financial sector, expanding access to excellent opportunities to...

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Standard Insurance Company announced today it will be the title sponsor of the Portland Classic LPGA tournament beginning in 2025 through 2027. Along with continuing to bring top golfers from around the world to Portland, the 72- hole tournament has raised more than $18 million for charities and become the premier annual professional golf tournament in the...

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BALTIMORE- T. Rowe Price, a global investment management firm and leader in retirement, today announced the launch of its first target date portfolios for Canadians. Balancing the need for strong long-term returns against appropriate levels of volatility throughout the lifecycle of the Canadian plan member. Featuring a glide path that extends for 30 years...

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Receives Strategic Investments from Prosperity Asset Management Affiliate and Kuvare Holdings to Support Ongoing Expansion Across Evergreen’ s Equity, Lending and Property Management Businesses. DALLAS& NEW YORK---- Evergreen Residential Holdings, an institutional real estate investment and operating platform, today announced that it has raised...

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Guaranty Income Life Insurance Company, a Kuvare company, has launched four new crediting options for its WealthChoice Fixed Indexed Annuity, available starting November 18th. “Our goal is to empower IMOs and their financial professionals with innovative solutions that help them serve their clients' various retirement planning needs,” said Cary Carney, Vice...

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United Life Insurance Company, a Kuvare company, has launched three new crediting options for its WealthChoice Fixed Indexed Annuity, available starting November 18th. About United Life Insurance Company. United Life Insurance Company, a Kuvare company, is a leading provider of fixed indexed annuities, specializing in flexible retirement solutions that...

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Jackson National Life Insurance Company, the main operating subsidiary of Jackson Financial Inc. 1, today announced Mike Hicks has been named the winner of the 2024 Michigan ORBIE ® CIO of the Year Award in the Large Enterprise category. Hicks, who joined Jackson as SVP, Chief Information Officer in April 2023, was honored for excellence in technology...

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The Savings Bank Mutual Life Insurance Company of Massachusetts is pleased to announce the appointment of Wade Seward as chief distribution officer. Wade Seward has joined The Savings Bank Mutual Life Insurance Company of Massachusetts as chief distribution officer. Seward brings over three decades of experience in the insurance industry and most...

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DigitalOwl, a provider of advanced AI solutions for the life insurance and legal industries, has announced a collaboration with ExamOne, a Quest Diagnostics company. This press release features multimedia. The relationship aims to enhance the services offered to both companies' clients in the United States by improving the efficiency and accuracy of record...

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The many variations of universal life insurance are almost always confusing to clients and, often, their agents.

The post IUL: Definitions you should know appeared first on Insurance News | InsuranceNewsNet.

PHOENIX, Nov. 18, 2024/ PRNewswire-PRWeb/-- InstaBrain Inc., a newly launched data-driven solution and real-time underwriting platform, has announced an official partnership with Fidelity Life, which offers permanent and term life insurance policies, providing quotes and plans for individuals. This is a natural progression in our ongoing commitment to...

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Athene Annuity and Life Company. STATEMENT AS OF SEPTEMBER 30, 2024 OF THE Athene Annuity and Life Company. STATEMENT AS OF SEPTEMBER 30, 2024 OF THE Athene Annuity and Life Company.

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Springfield, MO November 15, 2024---- Neil Bruce Porter Receives Highest Honorary Award from American Equity, a Top Fixed Index Annuity Provider American Equity Investment Life Insurance Company ®, a leading issuer of fixed index and fixed rate annuities, announces Neil Bruce Porter, President, Advisor, and Founder of The Resource Center Inc., in Springfield, Mo.,...

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PFSL Fund Management Ltd. announced today that it has changed the risk rating for Primerica Income Fund from "low" to "low to medium”. About PFSL Fund Management Ltd.. PFSL Fund Management Ltd. is an investment manager and subsidiary of Primerica Financial Services Ltd. The Primerica family of companies, including PFSL’ s parent company, PFSL Investments Canada...

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AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of the life/health subsidiaries of Delphi Financial Group, Inc.: Reliance Standard Life Insurance Company and First Reliance Standard Life Insurance Company. AM Best also has affirmed the FSR of A++ and the Long-Term ICRs of“ aa+” of DFG’ s property/casualty...

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The post-election period provides advisors to engage in a discussion with their clients on financial issues that are impacted by the election and issues that are not.

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AM Best has maintained its stable outlook on South Korea’ s non-life insurance segment, noting a moderate expansion within the industry that is being driven by long-term business as non-life insurers strive to secure a stable source of future profits under IFRS 17 accounting standards. Amid the modest pace of South Korea’ s economic recovery, the country’ s...

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These companies represent the key life/health insurance subsidiaries of Ameriprise Financial, Inc. and are collectively known as Ameriprise Financial Group. Concurrently, AM Best has affirmed the FSR of A and the Long-Term ICR of“ a+” of Ameriprise Captive Insurance Company, a property/casualty subsidiary of Ameriprise. In addition, AM Best has affirmed the...

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Total new annualized premium jumped 8% to $3.9 billion in the third quarter 2024, according to preliminary results from LIMRA’s retail individual life insurance sales survey.

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With more than half of U.S. adults holding life insurance, Luma’ s platform empowers advisors to keep their clients’ financial goals aligned throughout the entire investment lifecycle. “We are excited to extend our proven technology to the life insurance market, providing financial professionals with the first truly comprehensive solution in the industry,”...

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U.S. marshals handcuffed Greg Lindberg and escorted him out of a Charlotte federal courtroom on Tuesday after he pleaded guilty to an insurance fraud scheme costing victims and businesses more than $2 billion. It impacted insurance regulators and policyholders through a web of companies based in North Carolina, Bermuda, Malta, and elsewhere, announced Dena J....

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STATEMENT AS OF SEPTEMBER 30, 2024 OF THE CONSECO LIFE INSURANCE COMPANY OF TEXAS. STATEMENT AS OF SEPTEMBER 30, 2024 OF THE CONSECO LIFE INSURANCE COMPANY OF TEXAS. LIABILITIES, SURPLUS AND OTHER FUNDS.

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U.S. marshals handcuffed Greg Lindberg and escorted him out of a Charlotte federal courtroom on Tuesday after he pleaded guilty to an insurance fraud scheme costing victims and businesses more than $2 billion. It impacted insurance regulators and policyholders through a web of companies based in North Carolina, Bermuda, Malta, and elsewhere, announced Dena J....

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New York Life has announced the launch of Balance Wellbeing with New York Life™, its new financial wellbeing offering. Balance Wellbeing™ highlights New York Life’ s long history of helping families build secure futures by providing access to holistic financial guidance and support designed to address employees’ financial challenges and positively impact...

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A Bay Area consumer-advocacy group claims California "s Department of Insurance is violating state public-records law by refusing to hand over important data on consumer complaints about life insurance. The Pleasant Hill- based non-profit Life Insurance Consumer Advocacy Center called the department "s purported violation of the California Public...

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STATEMENT AS OF SEPTEMBER 30, 2024 OF THE RELIASTAR LIFE INSURANCE COMPANY. STATEMENT AS OF SEPTEMBER 30, 2024 OF THE RELIASTAR LIFE INSURANCE COMPANY. STATEMENT AS OF SEPTEMBER 30, 2024 OF THE RELIASTAR LIFE INSURANCE COMPANY.

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STATEMENT AS OF SEPTEMBER 30, 2024 OF THE RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK. STATEMENT AS OF SEPTEMBER 30, 2024 OF THE RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK. STATEMENT AS OF SEPTEMBER 30, 2024 OF THE RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK.

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PEMBROKE, Bermuda---- Somerset Reinsurance Ltd., a leading provider of reinsurance solutions to the life insurance and annuity market, is delighted to announce the appointment of Riley LaTour as Chief Risk Officer with immediate effect. He majored in Actuarial Science at the University of Wisconsin– Eau Claire, graduating with a Bachelor of Science with Honors.

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Principal Financial Group announced the board of directors has appointed president and chief operating officer Deanna Strable as the company’s next president and chief executive officer, effective Jan. 7, 2025.

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13 G Under the Securities Exchange Act of 1934* Check the appropriate box to designate the rule pursuant to which this Schedule is filed:☑ Rule 13 d-1☐ Rule 13 d-1 (c)☐ Rule 13 d-1* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form...

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Principal Financial Group ® today announced the Board of Directors has appointed president and chief operating officer Deanna Strable as the company’ s next president and chief executive officer, effective January 7, 2025. Strable succeeds Dan Houston, who will continue to serve as executive chair of the Board. “Deanna brings strategic vision, strong...

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An Indiana woman is suing NLV Financial Corp. and its two life insurance subsidiaries over a 2023 indexed universal life policy that returned 0% after one year.

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Referrals are the way professionals get paid for a job well done.

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2024 NOV 11-- By a News Reporter-Staff News Editor at Insurance Daily News-- New research on Influenza is the subject of a report. According to news reporting out of Auckland, New Zealand, by NewsRx editors, research stated,“ Using a novel, hand-collected dataset of U.S. life insurance companies during the influenza pandemic of 1918-9, we show that high-exposure life...

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AmeriLife Group, LLC, a national leader in developing, marketing, and distributing life and health insurance, annuities, and retirement planning solutions, announced today that longtime insurance industry veteran Steve Patton has been named Senior Vice President of Simplified Issue Solutions for AmeriLife’ s Health Distribution organization.

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Simplified Issue Solutions for AmeriLife Health appeared first on Insurance News | InsuranceNewsNet.

AM Best is assigning a stable outlook on the New Zealand life insurance segment, citing robust capital adequacy, in addition to improved market discipline driven by regulatory refinements designed to strengthen financial conduct. The Best’ s Market Segment Report,“ Market Segment Outlook: New Zealand Life Insurance,” also notes technology investments within...

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AM Best is maintaining a stable outlook on the New Zealand non-life insurance segment, citing solid premium growth supported by rate adjustments, particularly in the property, motor and commercial segments, despite a challenging economic environment. The Best’ s Market Segment Report,“ Market Segment Outlook: New Zealand Non-Life Insurance,” also notes...

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We generated record results in the third quarter. Fee-bearing capital grew to $539 billion, an increase of nearly $100 billion or 23% year-over-year, which benefitted from $135 billion of inflows over the last 12 months, growth in our public affiliates, and the acquisition of partnership stakes in leading partner managers. On the back of this growth, we...

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AM Best has removed from under review with developing implications and upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to“ a-” from“ bbb+” of Merit Life Insurance Co.. The increase in surplus follows a recent acquisition and capital injection from the company’ s new parent, Knighthead Holdings Ltd.. In turn, Merit provides...

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Document As filed with the Securities and Exchange Commission on November 7, 2024 File No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________ FORM S-3 _______________________ REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _______________________ Lincoln National Corporation Indiana...

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AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of Anthem Life Insurance Company, Greater Georgia Life Insurance Company and Anthem Life& Disability Insurance Company. Concurrently, AM Best has affirmed the Long-Term ICR of“ bbb+” of StanCorp Financial Group, Inc., the intermediate holding company of The...

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NEW YORK, November 7, 2024- WTW, a leading global advisory, broking, and solutions company, today announced the appointment of Karen Grote as Division Line of Business Leader for the North America Life Practice within Insurance Consulting& Technology. Kim Steiner| Head of NA Life Practice, ICT, WTW Returning to WTW with nearly 20 years of life insurance industry...

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AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of Central States Indemnity Co. of Omaha, and its subsidiary, CSI Life Insurance Company. The outlook of these Credit Ratings is stable. Both companies are domiciled in Omaha, NE..

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Life insurance industry leader Ethos has hired industry veteran Matt Fowler as its Chief Distribution Officer to bolster the company’ s independent distribution and continue to build the fast-growing partnerships business. Matt Fowler, Chief Distribution Officer, Ethos. In the first half of the year the company added new ROP and IUL products with John...

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The most successful life insurance agents use prospecting language that centers on the client’s situation.

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Brevity is the key to getting clients and prospects to understand your advice.

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Actual outcomes and results may differ materially from those in the forward-looking statements due to global political, economic, inflation, business, competitive, market, regulatory and other factors and risks, including those discussed at the end of this presentation, as well as in the risk factor section of Genworth's Annual Report on Form 10- K, filed with...

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Manulife Financial Corporation reported its third quarter results for the period ended September 30, 2024, delivering record core earnings and insurance new business results 1. Core earnings 2 of $1.8 billion, up 4% on a constant exchange rate basis 3 from the third quarter of 2023 Net income attributed to shareholders of $1.8 billion, up $0.8 billion from 3...

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TORONTO, ON- November 6, 2024- Manulife Financial Corporation reported its third quarter results for the period ended September 30, 2024, delivering record core earnings and insurance new business results 1. Core earnings 2 of $1.8 billion, up 4% on a constant exchange rate basis 3 from the third quarter of 2023 Net income attributed to shareholders of $1.8...

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