AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of the following subsidiaries of Group 1001 Insurance Holdings, LLC: Delaware Life Insurance Company and Clear Spring Life and Annuity Company. These companies are referred to as the Group 1001 Life& Annuity…
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Regulators near completion of guidance on compliance with annuity rules
More than a year after first circulating a draft guidance on compliance expectations for its best interest standard for annuity sales, regulators are nearing a final version.
As part of its strategy to expand within the annuity market, Axonic Insurance TM, an annuity and investment solutions provider backed by Axonic Capital, and iPipeline ®, a leading provider of digital solutions for the life insurance and wealth management industries, announced a new alliance that streamlines the annuity order entry process for the…
MetLife, Inc. today announced that its board of directors has declared a fourth quarter 2025 common stock dividend of $0.5675 per share. MetLife, Inc., through its subsidiaries and affiliates, is one of the world’ s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help individual and…
Judge tosses a pension risk transfer lawsuit filed by ex-AT&T employees
A Massachusetts judge accepted a recommendation Friday to dismiss a consolidated pension risk transfer complaint filed against AT&T Inc. and State Street Global Advisors last year.
Bristol-Myers retirees win round in lawsuit over $2B Athene annuity deal
Plaintiffs established a case that turning their pensions into Athene annuities pose a risk to their retirement earnings, the judge said Monday.
American Life & Security announces a partnership with Nasdaq Global Indexes to launch the Nasdaq-100 Intraday Elite 15% Index, which is now available on the American Select Fixed Indexed Annuity.
SS&C Technologies Holdings, Inc. today announced that Axcelus Financial, a leading provider of life insurance and annuities, has selected SS&C to modernize its information technology stack and transform its operations. As a result, a portion of the Axcelus team will transfer to SS&C. “We are constantly identifying ways to free up time and resources to drive…
In the past 30 days, Best’ s Review readers have been most interested in the following insurance news coverage:. “Mutual Insurers Dominate Market Share in Farmowners Multiperil, Disability Income, Other Lines” examines AM Best data to find out where mutuals have a dominant share of the market.“ US Life/Annuity Insurers Embrace Alternatives and Mortgages” provides…
NAIC moves closer to finalizing AG 49-A, new reinsurance guideline
A National Association of Insurance Commissioners’ group took another step Thursday toward finalizing a pair of key guidelines.
FGH Parent, L.P.,, a leading global reinsurance company, today announced that Fortitude Life Insurance& Annuity Company has entered the market for funding agreement backed notes, with its inaugural offering to institutional investors scheduled to settle Oct. 6, 2025. The Issuer has priced a private offering of $500 million aggregate principal amount of 4.625%…
Judge: No evidence that Athene annuities hurt retirees in PRT deals
A New York judge tossed a pension risk transfer lawsuit filed by former employees of General Electric.
The following information was released by the office of the Governor of Hawaii:. HONOLULU In honor of Life Insurance Awareness Month, the Department of Commerce and Consumer Affairs Insurance Division highlights a free service that helps consumers find their deceased loved one's life insurance policies and annuity contracts online.
2025 SEP 29– 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 RETIREMENT” by Rachel A. Rice, representing Great-West Life& Annuity Insurance Company. This application was made available to the public on September…
Net income for the U.S. life/annuity insurance industry increased by 39% in the first half of 2025 over the same prior-year period to $19.7 billion, according to a new AM Best report. In addition, other income nearly doubled to nearly $50 billion, though this was largely due to $19.7 billion of reserve adjustments on reinsurance ceded at American United Life…
Equitable announced the launch of Structured Capital Strategies Premier, a new solution within its portfolio of registered index-linked annuities.
Flow reinsurance: A popular tool in the life/annuity reinsurance market
Flow reinsurance deals take different forms.
Empire Asset Finance, LLC, a new subsidiary of Arena Investors, LP, a $4.6 billion global multi-strategy investment firm, announced its official launch, introducing a financing model built on the principle that lending is not a zero-sum game, and we win when everyone wins. Empire is led by Chief Executive Officer Rick Rockhold and Chief Operating Officer/Chief…
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of C++ and the Long-Term Issuer Credit Ratings of“ b+” of Genworth Life Insurance Company and Genworth Life Insurance Company of New York. These companies are referred to as Genworth Financial Group. Concurrently, AM Best has affirmed the Long-Term ICRs of bb-” of…
Annuities are booming — here’s what could fuel the next wave
Annuities have been the hottest retail investment product by far over the last five years. Can the trend continue?
