Life Insurance News
To the list of buildings in downtown Minneapolis in need of a new purpose, add the one on 20 Washington Av. Initially built as a seven-story headquarters for the Northwestern National Life Insurance company, Minneapolis/ St. Paul Business Journal reports that it’ s currently empty and up for sale. It permanently sutured the connection between Hennepin and...
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AM Best has revised the outlooks of the Long-Term Issuer Credit Ratings to stable from negative and affirmed the Financial Strength Rating of A and the Long-Term ICRs of“ a+” of The Lincoln National Life Insurance Company and its wholly owned subsidiary, Lincoln Life& Annuity Company of New York. These companies are the key life and annuity insurance...
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Aflac Northern Ireland, located in Belfast, is a global IT and cybersecurity center that develops technology and innovative solutions to help support customers in their greatest time of need. Any child diagnosed with cancer or blood disorders in Northern Ireland will visit the CCUC during their treatment journeys, and to support the work that the CCUC does...
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AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of“ bbb-” of Well Link Life Insurance Company Limited. Well Link Life has been operating a life insurance business in Hong Kong since April 2019, with endowments, participating savings and qualified deferred annuity products as its major offerings.
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Now is the time to reshape the insurance industry’s business model and technology foundation, according to a Majesco white paper on trends impacting the future of insurance in 2025.
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SecurityScorecard released research showing that 59% of breaches among the top 150 insurance companies involved third-party attack vectors, exposing critical vulnerabilities in the sector’s supply chain.
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Pacific Life announced today the promotion of Karen Neeley to senior vice president of the Institutional Retirement Solutions Group and Patricia Thompson to senior vice president and chief compliance and ethics officer. In her role as senior vice president of the Institutional Retirement Solutions Group, Ms. Neeley oversees the management and growth of...
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Lincoln Financial today reported financial results for the fourth quarter and full year ended December 31, 2024. Fourth quarter net income available to common stockholders was $1.7 billion, or $9.63 per diluted share. Fourth quarter adjusted operating income available to common stockholders was $332 million, or $1.91 per diluted share. The primary...
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This Annual Information Form is intended to provide material information about Great-West Lifeco Inc. and its business. Unless otherwise indicated, all information in this AIF is presented as at December 31, 2024 and all amounts are expressed in Canadian dollars. Lifeco's 2024 Management's Discussion and Analysis dated February 5, 2025 is hereby...
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This MD&A provides an overall discussion, followed by analysis of the performance of Lifeco's four major reportable segments: Canada, United States, Europe, and Capital and Risk Solutions. Lifeco has operations in Canada, the U.S. and Europe through The Canada Life Assurance Company, Empower Annuity Insurance Company of America, and Irish Life Group Limited.
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Director of Investor Relations U-Haul Holding Company 263-6601 Sebastien_Reyes@uhaul.com. RENO, Nev.-- U-Haul Holding Company, parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, today reported net earnings available to shareholders for its third quarter ended December 31, 2024, of...
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U-Haul Holding Company, parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, today reported net earnings available to shareholders for its third quarter ended December 31, 2024, of $67.2 million compared with net earnings of $99.2 million for the same period last year.
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Globe Life revealed last week that a 2024 data breach might be far more widespread than it initially reported.
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Generally Accepted Accounting Principles Our traditional U.S. life insurance companies are Provident Life and Accident Insurance Company, Unum Life Insurance Company of America, First Unum Life Insurance Company, Colonial Life& Accident Insurance Company, The Paul Revere Life Insurance Company, Unum Insurance Company, Provident Life and Casualty...
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Continuing to deliver a comprehensive workforce benefits product suite that meets the diverse needs of today’ s employers and their employees, Symetra Life Insurance Company today announced updates to its group accident coverage that include an expanded range of optional benefits designed to support parents, multigenerational households, first...
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Axcelus Financial has appointed Kimberly Gibson to the role of Senior Market Development Manager and Consultant for the company’ s Bermuda operations and Henry Komansky to the position of Group Compliance Officer for Axcelus’ U.S.- based parent company and Chief Risk Officer for the firm’ s Bermuda operations. She has more than twenty-five years of...
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U.S. SECURITIES AND EXCHANGE COMMISSION. Eagle Point Credit Company Inc.; Eagle Point Income Company Inc.; Eagle Point Institutional Income Fund; Eagle Point Enhanced Income Trust; Eagle Point Credit Company Sub II LLC; Eagle Point Credit Company Sub Ltd.; Eagle Point Credit Company Sub II Ltd.; Eagle Point Income Company Sub LLC; Eagle Point Income Company Sub II...
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After a pair of life insurers sued AM Best last year in response to a planned downgrade of their financial ratings, concerns quickly followed.
The post Life insurance financial ratings: a system in need of an update? appeared first on Insurance News | InsuranceNewsNet.
Wellabe, an Iowa- based provider of health and wealth insurance solutions, expanded its popular Medicare Supplement insurance options to reach 28 states on Feb. 1, including the new states of California, Maryland, and New Jersey. Wellabe’ s Medicare Supplement plan with the optional dental rider is available to customers in Arizona, California, Delaware, Georgia,...
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Recent technological advancements have spurred a major transformation in the modern insurance industry. The centuries-old sector has adopted technology at such a rapid rate that digital solutions now play a key role in everything from life insurance to casualty and property insurance, putting technology at the core of nearly every insurance business. The software has become a… […]
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Securian Financial has launched two supplemental health insurance products— accident insurance and critical illness insurance issued by Securian Life Insurance Company— tailored for distributors to market to customers of affinity organizations, including financial institutions and associations. Accident insurance provides a lump-sum cash...
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Colleen P. Donohoe Colleen Donohoe, P.C. PO Box 10879 Kalispell, Montana 59904 406-309-2470 Attorneys for Applicant MONTANA NINETEENTH JUDICIAL DISTRICT COURT, LINCOLN COUNTY IN THE MATTER OF THE ESTATE OF CAROL ANN GIBBONS, Deceased. NOTICE OF TRUSTEE'S SALE To be sold for cash at a Trustee's Sale on May 19, 2025, at 02:00 PM outside the North entrance to the...
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S-3ASR Table of Contents As filed with the Securities and Exchange Commission on January 31, 2025. THE SECURITIES ACT OF 1933. Approximate date of commencement of proposed sale to the public: From time to time after the effective date of this Registration Statement.
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Ten insurance company impairments were identified in the U.S. life/health industry for 2023, following none in 2022, according to a new AM Best report. The Best’ s Special Report, titled,“ 2023 US Life/Health Impairments Update,” states that during the 2000-2023 study period, 193 life/health insurers became impaired. Six of the 10 impairments identified for 2023...
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The Credit Rating action follows the announcement on 9 January 2025 that Solidarity Bahrain has signed a sale and purchase agreement with Bahrain National Holding Company B.S.C. in relation to the acquisition of 100% of the issued share capital of each of Bahrain National Insurance Company B.S.C. (c) and Bahrain National Life Assurance Company B.S.C. (c)...
The post AM Best Maintains Under Review With Developing Implications Status for Credit Ratings of Solidarity Bahrain B.S.C. appeared first on Insurance News | InsuranceNewsNet.
The Credit Rating action follows the announcement on 9 January 2025 that SFIC’ s sister company, Solidarity Bahrain B.S.C., has signed a sale and purchase agreement with Bahrain National Holding Company B.S.C. in relation to the acquisition of 100% of the issued share capital of each of Bahrain National Insurance Company B.S.C. (c) and Bahrain National Life...
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The Credit Rating action follows the announcement on 9 January 2025 that BNI’ s parent company, Bahrain National Holding Company B.S.C., has signed a sale and purchase agreement with Solidarity Bahrain B.S.C. in relation to the acquisition of 100% of the issued share capital of each of BNI and Bahrain National Life Assurance Company B.S.C. (c) for a total...
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A strong fourth quarter drove life insurance new premium to another record, LIMRA reports.
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New York Life, the largest 1 mutual life insurance company in the United States, today announced a planned leadership transition in New York Life Real Estate Investors, the $68 billion real estate investment arm of New York Life. He will report to New York Life Executive Vice President and Chief Investment Officer Tony Malloy and join Malloy’ s senior leadership...
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Equitable Life Insurance Co. breached no contract terms when it imposed cost-of-insurance charges on a universal life policy, the New York Court of Appeals recently ruled.
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AM Best has removed from under review with developing implications and upgraded the Financial Strength Rating to B+ from B and the Long-Term Issuer Credit Rating to“ bbb-” from“ bb+” of Mountain Life Insurance Company. Geographic exposure is expected to diversify over the next two years as the company applies for licenses in most U.S. states. Capital contributions...
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Midland National ® Life Insurance Company and North American Company for Life and Health Insurance ®, member companies of Sammons ® Financial Group, Inc., are proud to unveil their enhanced Indexed Universal Life products. Midland National announces Strategic Protector ® IUL 2, and North American announces Protection Builder IUL ® 2.
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MetLife, Inc. today announced it is among Fortune magazine’ s 2025 list of the“ World’ s Most Admired Companies.” The annual report card of the best-regarded companies included eight life insurers. MetLife, Inc., through its subsidiaries and affiliates, is one of the world’ s leading financial services companies, providing insurance, annuities, employee benefits...
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Amalgamated Life Insurance Company, a leading provider of comprehensive insurance solutions and the flagship company of the Amalgamated Family of Companies, is excited to announce the appointment of Amanda Turcotte, FSA, MAAA, as the new Senior Vice President, Chief Actuary. In this key leadership role, Ms. Turcotte will oversee all actuarial functions,...
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BOZEMAN, Mont., Jan. 29, 2025/ PRNewswire-PRWeb/-- Today, Aspida Life Insurance Company, a life insurance and annuity company, and WealthVest, a financial services marketing and wholesaling firm, announced the introduction of four new indices to their WealthLock ® fixed index annuities portfolio, which were developed with BofA Securities, iShares ® by BlackRock,...
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Aegon Ltd.’ s U.S. L/H companies are Transamerica Life Insurance Company and Transamerica Financial Life Insurance Company and referred to collectively as Aegon USA Group. AM Best expects Aegon USA to maintain its very strong balance sheet strength assessment in the near term, with a strong level of risk-adjusted capitalization, as measured by Best’ s Capital...
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Document SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549------------- FORM 11- K-------------------------- THE REPUBLIC MORTGAGE INSURANCE COMPANY AND AFFILIATED COMPANIES PROFIT SHARING PLAN------------- OLD REPUBLIC INTERNATIONAL CORPORATION 307 NORTH MICHIGAN AVENUE CHICAGO, ILLINOIS 60601 Total Pages: 17 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the...
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Chubb Reports Fourth Quarter Per Share Net Income and Core Operating Income of $6.33 and $6.02, Respectively; Consolidated Net Premiums Written of $12.1 Billion, with Global P&C and Life Insurance Up 6.7% and 7.6%; P&C Combined Ratio of 85.7%; Record Full-Year Per Share Net Income of $22.70 and Core Operating Income of $22.51; Consolidated Net Premiums Written...
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Brighthouse Financial, Inc. (NASDAQ: BHF) is one of today’s top gainers. The company’s shares have moved 16.6% on the day to $59.57. Brighthouse Financial, Inc. provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment offers variable, fixed, index-linked, and income annuities for […]
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A recent study by Jackson National has found a vast underestimate by retirees and financial professionals of various retirement costs.
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A North Carolina federal court appointed a special master team to unwind Greg Lindberg’s financial empire and reimburse his victims.
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If a federal appeals court interpretation of California life insurance lapse laws stands, it could "undermine" regulations nationwide, the plaintiff claims.
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Colleen P. Donohoe Colleen Donohoe, P.C. PO Box 10879 Kalispell, Montana 59904 406-309-2470 Attorneys for Applicant MONTANA NINETEENTH JUDICIAL DISTRICT COURT, LINCOLN COUNTY IN THE MATTER OF THE ESTATE OF CAROL ANN GIBBONS, Deceased. NOTICE OF TRUSTEE'S SALE To be sold for cash at a Trustee's Sale on May 19, 2025, at 02:00 PM outside the North entrance to the...
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U-Haul Holding Company, the parent company of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, plans to report its third quarter fiscal 2025 financial results after the close of market trading on Wednesday, February 5, 2025. U-Haul Holding Company is the parent company of U-Haul...
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America’s oldest active fraternal benefit organization is merging with another insurance provider that also has its roots in the Czech-Slovak community.
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AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of Nippon Life Insurance Company. The company’ s absolute capital recorded material increase by 52% to JPY 10.5 trillion as of 31 March 2024, driven by substantial unrealised gains on its securities investments amid favourable market conditions.
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Prudential Financial, Inc. and Dai-ichi Life Holdings announced today their intent to pursue a strategic partnership focused on product distribution and asset management capabilities. “As one of the leading life insurance providers in Japan, Dai-ichi is an ideal partner for our best-in-class life planner distribution network in Japan, as well as to PGIM,”...
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AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A from A- and the Long-Term Issuer Credit Ratings to“ a” from“ a-” of ShelterPoint Insurance Company and ShelterPoint Life Insurance Company. ShelterPoint Life’ s operating performance has exhibited significant growth in top line premium, driven by its...
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Prudential Financial announced an agreement to reinsure a portion of its recently originated Japanese whole life policies with a subsidiary...
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Securian Financial announced today that Warren Zaccaro, executive vice president and chief financial officer, will retire on July 1, 2025, after 20 years of dedicated service to the company. Warren Zaccaro, retiring as Securian Financial CFO on July 1, 2025. Berlute will succeed Zaccaro as CFO on June 1, 2025, reporting to Chris Hilger, Securian Financial...
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Carrier & Product News
Is 40 Year Term Available? YES!!!
Make young clients term sale more profitable! If you have a client under 35, can they get longer than 30 years on a true term policy? YES!!! Prudential's Workforce 65 product goes to age 65, and can be issued to a client as young as 25 years old! So, YES, there is a...