Annuity News

The following information was released by the United States Attorney's Office Southern District of Ohio:. According to court documents, Daley was employed by a life insurance brokerage firm in the Southern District of Ohio from 1995 through 2021 and advised several elderly clients with respect to life insurance and annuity products. Dominick S. Gerace II,…

STAMFORD, Conn.& CARMEL, Ind.—- Hildene Capital Management, LLC, an $18+ billion credit-focused alternative asset manager, today announced it has signed a definitive agreement to acquire SILAC, Inc., the parent company of SILAC Insurance Company, a leading provider of fixed and fixed indexed annuity products in the U.S. SILAC is headquartered in Carmel, IN and has…

2025 DEC 05– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ EMPOWER INVESTMENTS” by Rachel A. Rice, representing Great-West Life& Annuity Insurance Company. This application was made available to the public on November…

Expansion of Venerable’ s strategy to include variable annuity flow reinsurance was announced in June of this year as part of the landmark agreement with Corebridge Financial, Inc. which also included reinsurance of $51 bn of variable annuity business from American General Life Insurance Company and The US Life Insurance Company of New York.

MetLife, Inc. today announced it has completed its previously announced $10 billion variable annuity risk transfer transaction with Talcott Resolution Life Insurance Company, a life insurance and annuities subsidiary of Talcott Financial Group. The transaction reduces portfolio risk, accelerates the run-off of MetLife’ s legacy blocks of business and…

High inflation, market volatility, potential Social Security cuts and lengthening lifespans have investors grappling with unprecedented anxiety about financial security in retirement – but those who own an annuity are feeling significantly more optimistic than their peers.

AM Best has maintained its market segment outlook for the U.S. life/annuity insurance segment at stable, supported by a continuation of top-line growth, along with healthy capital and risk-adjusted capital levels. In its Best’ s Market Segment Report,“ Market Segment Outlook: US Life/Annuity,” AM Best states that the life/annuity segment has been able to grow…

Aspida Financial Services, a life insurance and annuity group, will begin a phased expansion of their global headquarters, adding 1,000 new jobs in Durham County over the next several years. "Aspida's decision to scale its headquarters in Durham reflects the strength of our state's talent pipeline and the collaborative spirit of our economic development…