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…
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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,…
Judge sides with SEC in allowing disputed witnesses in Cutter case
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.
Wink reports a 4Q dip in annuity sales to close a record-breaking 2024
Total 2024 annuity sales raced to another record, according to Wink’s Sales & Market Report, even if the industry did close the year on a down note.
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…
Nationwide’s updates to the L.inc+ suite include raising the equity exposure on Nationwide Lifetime Income Rider+ Core (L.inc+ Core) and increasing fund access through the Custom Choice program.
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…
Sapiens Releases its Latest Underwriting Solution with Innovative Automation and. Rochelle Park, NJ, February 11, 2025- Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, today announced the release of Sapiens UnderwritingPro v14, the most advanced version of its award-winning, automated…
Hexure, a leading provider of sales and regulatory automation solutions for the life and annuity industry, announced Axonic Insurance Services has implemented FireLight e-application to launch its new annuity product and expand its reach in the insurance market. Michael Gordon, Chief Executive Officer of Axonic Insurance Services, quoted,“ FireLight is a…
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.
Q&A: 2024 year-end fixed index annuity performance review
Salt Financial looks back on 2024 at the performance metrics on indices linked to FIAs, RILAs, and other annuity products.
AM Best has revised the outlooks of the Long-Term Issuer Credit Ratings to stable from negative and affirmed the Financial Strength Rating of A and the Long-Term ICRs of“ a+” of The Lincoln National Life Insurance Company and its wholly owned subsidiary, Lincoln Life& Annuity Company of New York. These companies are the key life and annuity insurance…
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of“ bbb-” of Well Link Life Insurance Company Limited. Well Link Life has been operating a life insurance business in Hong Kong since April 2019, with endowments, participating savings and qualified deferred annuity products as its major offerings.
This MD&A provides an overall discussion, followed by analysis of the performance of Lifeco's four major reportable segments: Canada, United States, Europe, and Capital and Risk Solutions. Lifeco has operations in Canada, the U.S. and Europe through The Canada Life Assurance Company, Empower Annuity Insurance Company of America, and Irish Life Group Limited.
MetLife, Inc. today announced that John McCallion, executive vice president and CFO, and head of MetLife Investment Management, has provided a fourth quarter and full year 2024 financial update video. MetLife, Inc., through its subsidiaries and affiliates, is one of the world’ s leading financial services companies, providing insurance, annuities, employee…
