InsuranceNewsNet Senior Editor John Hilton has covered business and other beats in more than 20 years of daily journalism. John may be reached at john.hilton@innfeedback.com. Follow him on Twitter @INNJohnH.
When John Carroll joined the industry, annuity sales were recorded on paper and took weeks to finalize. That was 40 years ago and today is very different.
UnitedHealth Group executives took the unusual step Tuesday of downgrading earnings guidance issued less than four weeks ago.
Spreads are tight and new entrants are making the annuity market more competitive. But the Apollo-Athene formula gives them an advantage, one executive said Monday.
The California Supreme Court is tackling the thorny question of whether the state’s life insurance lapse laws apply to policies that originated in other states.
Rumors are swirling about the potential sale of Brighthouse Financial but executives were tight-lipped during a Friday conference call with Wall Street analysts.
Jackson Financial continues its evolution from primarily a variable annuity seller to a one-stop annuity operation that performs like an asset manager.
At least two plaintiffs are asking a federal court to consider an “age-weighted distribution” of a $69 million UnitedHealth Group settlement over 401(k) options.
As private equity giants jockey for assets, Brookfield Asset Management staked its claim with a powerful first-quarter performance.
LIMRA’s John Carroll says the industry has an image problem. “Ned Ryerson,” he jokes, in “Groundhog Day.” “He ruined it for everybody.”
The defendants sold Jay Jacobson $2 million worth of annuities from 2019 and 2023, Joan Jacobson said, with no death benefits.
Corebridge Financial completed its first full quarter selling a registered index-linked product and the Q1 results were excellent, CEO Kevin Hogan said Wednesday.
A New Jersey judge will allow Ameritas to deposit a $1 million death benefit in a court account while three men continue litigation over the funds.
Globe Life executives took a break from two years of relentlessly bad publicity to discuss strong first-quarter financials this week.
Apollo’s total assets under management hit $785 billion at the end of Q1, a 17% year-over-year increase. Annuity sales were even better.
Prudential Financial reported a first-quarter profit gain off strong underwriting in the insurer’s U.S. Businesses unit. But new CEO Andrew Sullivan is raising the bar.
KKR will not pull back from its strategy in the face of worldwide market volatility, said co-CEO Scott Nuttall. In fact, the firm expects to be even more aggressive.
John Carroll, senior vice president and head of insurance and annuities for LIMRA, discusses his career and the industry changes he’s witnessed, with InsuranceNewsNet Senior Editor John Hilton.
Billions of dollars in life and annuity blocks are being reinsured annually — many of the deals are with offshore insurance companies. And regulators are growing concerned.
Equitable Holdings is the latest life insurer to report disturbingly unexplained mortality results.
Insurance companies taking on billion-dollar pension risk transfers are subject to “robust and extensive” oversight, the American Council of Life Insurers wrote in court briefs.
