AM Best has upgraded the Long-Term Issuer Credit Ratings to“ bb-” from“ b+” of Genworth Financial, Inc. and Genworth Holdings, Inc., as well their Long-Term Issue Credit Ratings. In addition, AM Best affirmed the Financial Strength Rating of B- and the Long-Term ICR of“ bb-” of Genworth Life and Annuity Insurance Company. Additionally, AM Best has affirmed the FSR of C++ and the…
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Advisors are key to a positive annuity purchase experience
With annuity demand expected to shatter records again this year, financial professionals should be prepared to discuss annuity options with their clients.
Athene remains king of annuity sales, but others catching up, LIMRA finds
Athene Life & Annuity remained king of the annuity sales mountain during the first half of 2024, but their pursuers are more numerous and closing the gap.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of Commonwealth Annuity and Life Insurance Company, First Allmerica Financial Life Insurance Company, Forethought Life Insurance Company, Accordia Life and Annuity Company, and its affiliates, Global Atlantic Re Limited and Global Atlantic Assurance…
New LIMRA research head Bryan Hodgens talks annuity and life sales with INN
Bryan Hodgens recently joined John Hilton, senior editor for InsuranceNewsNet, for a discussion of his new role as head of LIMRA research.
Kentucky teachers' retirement investments posted double-digit gains for the recently concluded fiscal year, 12.27 percent for the Retirement Annuity Trust and 12.73 percent for the Health Insurance Trust. TRS staff presented the pension system's investment results for the year ended June 30 to the Investment Committee at its Aug. 22 meeting.
Best’s Market Segment Report: Life/Annuity Reinsurers Face Growing Competition as Conditions Improve
The Best’ s Market Segment Report,“ Life/Annuity Reinsurers Face Growing Competition as Conditions Improve,” is part of AM Best’ s look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. “How newer entrants will alter their strategies over the long term depending on macroeconomic trends, availability of deals and regulatory…
Annuity sales ignore all disruptions in another strong quarter, Wink finds
Sales for all annuities climbed nearly 4% compared to the previous quarter, according to Wink’s Sales & Market Report.
The Federal Home Loan Bank of Pittsburgh today announced the election of Thomas A. Hendry, Senior Vice President and Treasurer of New York Life Insurance and Annuity Corporation. and Nathaniel S. Bonnell, Chairman, President and CEO of Citizens Bank of West Virginia to the FHLBank Board of Directors. Mr. Hendry serves as Senior Vice President and Treasurer in the…
Execs, regulators debate merits of illustration rules, areas that need work
State regulators hosted a panel looking into life insurance and annuity illustrations for flaws that can be corrected.
Delaware Life Insurance Company, a Group 1001 company, announces its inclusion in the annual Barron’ s list of“ Top 100 Best Annuities.” This is the fifth consecutive year that Barron’s has ranked Delaware Life Insurance Company annuities in the top 100.. Delaware Life Accelerator Prime ® Variable Annuity was recognized as a top 100 annuity in the categories of…
Annuity integration initiative could help advisors build ‘superior client engagement’
Advisors could soon benefit from simpler integration of annuities if IRI is successful in developing a digital, standardized infrastructure.
Athene Annuity and Life Company. STATEMENT AS OF JUNE 30, 2024 OF THE Athene Annuity and Life Company. STATEMENT AS OF JUNE 30, 2024 OF THE Athene Annuity and Life Company.
AmeriLife Group, LLC, a national leader in developing, marketing, and distributing life and health insurance, annuities, and retirement planning solutions, announced today that it has partnered with USA Financial, a national wealth management firm with three registered investment advisers, a registered broker-dealer, and a national field marketing…
STATEMENT AS OF JUNE 30, 2024 OF THE FIDELITY& GUARANTY LIFE INSURANCE COMPANY. Furniture and equipment, including health care delivery assets. STATEMENT AS OF JUNE 30, 2024 OF THE FIDELITY& GUARANTY LIFE INSURANCE COMPANY.
Global Atlantic Financial Group, a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, announced its inclusion in Barron’ s annual guide to the 100 Best Annuities, marking the firm’ s third consecutive appearance on this list. Annuities issued by Global Atlantic subsidiary Forethought Life Insurance…
Axcelus Financial, a leading provider of private placement life insurance and annuities, announces the appointments of Michael Fanning, the CEO of Advisor360°, and Nicholas Kabcenell, the Co-Founder of Structured Capital Partners, to its U.S. Board of Directors. Michael Fanning has over three decades of experience shaping strategy, driving digital…
LIMRA/SOA study: Fixed-rate deferred annuitants are not surrendering early
A fresh study shows that annuitants are generally not surrendering their contracts prior to the surrender charge period.
STATEMENT AS OF JUNE 30, 2024 OF THE VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY. STATEMENT AS OF JUNE 30, 2024 OF THE VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY. STATEMENT AS OF JUNE 30, 2024 OF THE VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY.
Nassau Financial Group today introduced Nassau Bonus Annuity Plus SM, a bonus fixed indexed annuity designed to give people confidence that they can reach their retirement goals. “The launch of Nassau Bonus Annuity Plus further expands our fixed annuities product suite, as we look to provide new and innovative fixed annuity products to the underserved…
