Annuity News

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.

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…

PGIM benefitted from its diversified private alternatives platform, the growing global retirement opportunity, and the growth of our insurance and retirement businesses Retirement Strategies continued to address the growing retirement needs of the market as a leader in Pension Risk Transfer and Individual Annuities Group Insurance and Individual…

PGIM benefitted from its diversified private alternatives platform, the growing global retirement opportunity, and the growth of our insurance and retirement businesses Retirement Strategies continued to address the growing retirement needs of the market as a leader in Pension Risk Transfer and Individual Annuities Group Insurance and Individual…

Axcelus Financial has appointed Kimberly Gibson to the role of Senior Market Development Manager and Consultant for the company’ s Bermuda operations and Henry Komansky to the position of Group Compliance Officer for Axcelus’ U.S.- based parent company and Chief Risk Officer for the firm’ s Bermuda operations. She has more than twenty-five years of…

MetLife, Inc. today announced it is among Fortune magazine’ s 2025 list of the“ World’ s Most Admired Companies.” The annual report card of the best-regarded companies included eight life insurers. MetLife, Inc., through its subsidiaries and affiliates, is one of the world’ s leading financial services companies, providing insurance, annuities, employee benefits…

BOZEMAN, Mont., Jan. 29, 2025/ PRNewswire-PRWeb/– Today, Aspida Life Insurance Company, a life insurance and annuity company, and WealthVest, a financial services marketing and wholesaling firm, announced the introduction of four new indices to their WealthLock ® fixed index annuities portfolio, which were developed with BofA Securities, iShares ® by BlackRock,…

Brighthouse Financial, Inc. (NASDAQ: BHF) is one of today’s top gainers. The company’s shares have moved 16.6% on the day to $59.57. Brighthouse Financial, Inc. provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment offers variable, fixed, index-linked, and income annuities for […]

Hexure, a provider of sales and regulatory automation solutions for the life and annuity industry, today announced the integration of its FireLight offering with The Depository Trust& Clearing Corporation Insurance& Retirement Services Producer Authorization service. By integrating Hexure’ s FireLight with DTCC’ s PAR, firms benefit from the standardized…

In terms of regulation, insurance companies are regulated primarily at the state level in the United States. The Utah Department of Insurance plays a crucial role in regulating annuity companies and ensuring that they operate fairly and securely within the state. Services they provide are agent and company licenses, consumer protection, financial…

Prudential Financial, Inc. announced today an agreement to reinsure a portion of its recently originated Japanese whole life policies with a subsidiary of Prismic Life, a Bermuda- based life and annuity reinsurance company sponsored by Prudential and Warburg Pincus and supported by a group of global investors. Under the terms of the agreement, Prismic will…

After a 40-year career in the financial services industry, John Carter, President and COO of Nationwide Financial, announced his plans to retire from Nationwide at the end of this year. 

As consumer demand for retirement solutions increases, Allianz Life Insurance Company of North America announced today that it has partnered with Morgan Stanley to offer its annuities to Morgan Stanley clients. “As we experience a significant uptick in interest in retirement risk management, bringing our retirement solutions to Morgan Stanley financial…