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AM Best is projecting modest growth in capital& surplus of approximately $48 billion for the U.S. life/annuity insurance industry over the combined 2024-2025 period, according to a new Best’ s Market Segment Report. The segment’ s net income in 2025 is projected to exceed pre-pandemic levels and reach an estimated $51.1 billion in 2025, up from $37.9 billion…

New research from the American Council of Life Insurers finds that benefits from annuities enable retirees to postpone receiving Social Security payments, saving the program $100 billion over time as the greatest surge of baby boomers retire. 

Venerable Holdings, Inc., is pleased to share the successful transfer of a legacy block of novated variable annuity contracts from Equitable Financial Life Insurance Company to the Venerable administrative platform. Venerable is a privately held company with business operations based in West Chester, Pennsylvania, Des Moines, Iowa and New York, NY.

Zinnia, a leading life and annuity insurance technology company, announced today the appointment of Gary D. Cohn as Vice Chair and board member. “With the demand for retirement solutions growing, Zinnia’ s platform offers advisors, insurers and consumers a modern and intuitive experience, simplifying the integration of L&A products seamlessly into wealth…

illumifin and the Alzheimer’s Association together announce the appointment of Peter Goldstein to its Board of Directors. Goldstein is a distinguished leader with over three decades of industry acumen spanning the long-term care, life, annuity and health insurance markets. Since 2022, he also served as a board member of the California Southland Chapter of…

State Street Global Advisors, the asset management business of State Street Corporation, today announced that its IncomeWise™ Target Retirement Strategies will be made available on the Voya Financial recordkeeping platform, marking a major milestone in the expansion of the solution’ s availability across the industry. This achievement aligns with State…

Growth in sales, client assets: Sales from MassMutual’ s domestic insurance operations grew to more than $41 billion as the company maintained its position as a top provider of whole life insurance, as well as sustained its growing market leadership in annuities. In addition, increased demand for personalized planning helped the company’ s wealth management…
Image shows the SEC logo and Jeffrey Cutter
A judge is allowing the SEC to call disputed witness in its upcoming trial over annuity sales made by advisor Jeffrey Cutter.

A Massachusetts judge will allow the Securities and Exchange Commission to call five disputed witnesses in an upcoming trial over annuity sales by advisor Jeffrey Cutter.

Net loss 1 of $1 M, and adjusted operating income 1,2 of $15 M in the fourth quarter Enact reported adjusted operating income of $137 M 1 in the fourth quarter; distributed $84 M in capital returns to Genworth Completed annual assumption updates with unfavorable impacts to adjusted operating income in LTC and Life and Annuities of $52 M U.S. life insurance…

Somerset Re has a strong history of successful deal execution over its last decade building a well-diversified book across the life and annuity space. A new business flow partnership for Fixed Index Annuities with a major U.S. insurer An inforce Corporate-Owned Life Insurance and Bank-Owned Life Insurance transaction with a U.S. life& annuity insurer A…

Net loss 1 of $1 M, and adjusted operating income 1,2 of $15 M in the fourth quarter Enact reported adjusted operating income of $137 M 1 in the fourth quarter; distributed $84 M in capital returns to Genworth Completed annual assumption updates with unfavorable impacts to adjusted operating income in LTC and Life and Annuities of $52 M U.S. life insurance…

Our asset management business had over $135 billion of inflows and further expanded its credit platform through a partnership with Castlelake, an asset-backed credit specialist. Our wealth solutions business is now firmly established as a top-tier annuity writer in the U.S., top two in Canada, and we are just getting started in the U.K. Our operating…

InsuranceNewsNet (INN) and Salt Financial have partnered to provide insurance and financial professionals with innovative tools and resources. This collaboration combines INN’s educational platform with Salt's expertise in index design and risk management, offering insights on volatility-controlled indices and annuity market strategies. The goal is to equip financial professionals with cutting-edge solutions to enhance their practices and product awareness.