AM Best has commented that the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of Talcott Resolution Life Insurance Company, Talcott Life Re, Ltd. and Talcott Resolution Life and Annuity Insurance Company, collectively referred to as Talcott Financial Group, remain unchanged with stable outlooks following an announced…
More Stories
Globe Life Inc. (NYSE: GL) is the focus of IBN’s latest stock spotlight. The company’s shares have moved -0.74% on the day to $130.75. Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the United States. The company operates through […]
Sammons ® Financial Group member companies Sammons Institutional Group ®, Inc., Midland National ® Life Insurance Company, and North American for Life and Health Insurance ®, this week will introduce a new paperless transaction process for annuity transfers. Sammons Financial Group is one of three annuity carriers that helped to develop, test, and pilot…
Somerset Reinsurance Ltd., a leading reinsurer for life insurance and annuity companies, today announced the appointment of Danish Iqbal as the company’s new Chief Executive Officer, effective April 30. Mr. Iqbal succeeds Jeff Burt who, as announced yesterday, will become co-CEO of Aquarian Insurance Holdings, the holding company for Somerset Re.
Majesco, a global leader of cloud insurance solutions for insurance business transformation, is excited to announce its participation at the 2025 LIMRA Life Insurance and Annuity Conference, taking place from March 31 st to April 2 nd at the Hilton New Orleans Riverside in New Orleans, LA. With a bold theme of‘ Dare to Innovate,’ Majesco is committed to…
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…
FGH Parent, L.P.,, a leading global reinsurance company, today announced the signing and closing of a $4 billion reinsurance transaction between its subsidiary, Fortitude International Reinsurance Company Ltd. and Taiyo Life Insurance Company, a wholly owned subsidiary of T&D Holdings, Inc. “We are honored that Taiyo Life continues to place their trust in us and…
Lincoln Financial, a leading provider of insurance, annuities, group benefits and retirement solutions, announces its expansion into the rapidly growing private markets industry, partnering with Bain Capital, a leading global private investment firm, and Partners Group, one of the largest firms in the global private markets industry, to launch two new…
The Life Insurance Consumer Advocacy Center (LICAC) has filed a lawsuit against the California Department of Insurance (CDI) for violations…
The American Council of Life Insurers released a report that highlights how private insurance products can save billions in federal spending by reducing dependence on Social Security and Medicaid. For Social Security retirement income, delaying benefits–often enabled by life insurance and annuities–yields a net present value savings of $11 billion…
Guaranty Income Life Insurance Company, a leading provider of fixed indexed annuities, unveiled an enhanced gilico.com website to better serve its customers and financial professionals in the years ahead. “We are making it as easy as possible for people to access helpful financial tools and educational resources,” said Joe Wieser, President of Guaranty…
Updated: Equitable, Allianz move into top 5 in final LIMRA 2024 annuity sales list
For the first time ever, total quarterly annuity sales surpassed $100 billion in all four quarters of the year.
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…
Ensight, the leading sales enablement platform for annuity, life and long-term care insurance carriers and distributors, has announced a strategic platform integration partnership with Luma Financial Technologies, a global provider of structured products and insurance solutions. “Luma and Ensight are at the very forefront of transforming the annuity,…
