The capital and financial impacts of IFRS 17, which took effect Jan. 1, 2023, were largely as expected and have been incorporated into L/A insurers’ financial plans. Both of these product lines continue to achieve record sales in Canada and the United States the past year. “Sales growth has been supported by technology-driven, customer-centric business models…
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North American Company for Life and Health Insurance ®, a member company of Sammons ® Financial Group and one of the largest issuers of fixed index annuities in the U.S. 1, announces that the Barclays Transitions Indices, available exclusively on their suite of fixed index annuities, has won“ Annuity Index of the Year” by SRP Americas. About North American…
Regulators tweak 2025 life and annuity priorities to reflect new challenges
State insurance regulators advanced 2025 life insurance and annuity priorities Monday with additions to reflect new efforts in reinsurance and annuity illustrations.
Jackson National Life Insurance Company ®, the main operating subsidiary of Jackson Financial Inc. 1, today launched Principal Guard, an add-on guaranteed minimum accumulation benefit available for an extra charge in the Elite Access ® Suite of variable annuities. The new GMAB offers clients the ability to invest their money with no downside risk through…
Insurance regulators urged to get serious with receivership database
The Global Receivership Information Database (GRID) system is how regulators track insurers put into receivership.
Peak 65 underscores the need for protected income
The U.S. population reaches Peak 65 this year, meaning that more than 30 million Americans will reach age 65 between now and 2030. The majority of this age group will have no protected income in retirement.
Bill to kill SEC’s RILA registration system puzzles many, faces little hope of passage
Bill to kill the SEC’s new registration system for index-linked annuities perplexed industry groups and consumer advocates.
New RILA makes Corebridge the biggest company with full annuity suite
Corebridge Financial has launched its anticipated registered indexed-linked annuity, through subsidiary American General Life Insurance Co.
Protective Life Corporation, a subsidiary of Dai-ichi Life Holdings, Inc. today announced enhancements to its flagship variable annuity product, Protective Aspirations variable annuity, which is issued by its principal subsidiary Protective Life Insurance Company and debuted in 2022. Protective Aspirations variable annuity is issued by Protective…
Longer lifespans mean redefining retirement
People are living longer and that means the traditional view of retirement must change.
Republic Financial, a Morris Industries company, is excited to announce it has added SLP Financial, a growing provider of insurance solutions with a focus on final expense, mortgage protection, Medicare health solutions, and annuities, among other offerings, to its portfolio. SLP Financial, led by Matt Garvey and Ian Martin, brings nearly a decade of experience in…
FIAs ‘at a sweet spot right now,’ Security Benefit exec says
The Federal Reserve made headlines in September by slashing its benchmark interest rate by a half-point. That direction of lowering interest rates makes it a good time to for clients to lock in rates on investments such as fixed annuities before rates go down even further.
Shares of MetLife, Inc. (NYSE: MET) traded at a new 52-week high today and are currently trading at $84.69. So far today, approximately 739.72k shares have been exchanged, as compared to an average 30-day volume of 3.02M shares. MetLife, Inc., a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It […]
CC Capital to Invest USD $250 Million in Westaim at CAD $4.75 Per Share Bringing Total Investable Capital Base to Approximately USD $700 Million. Westaim to Invest in Cloud-Native, Highly Scalable Annuities Provider Ceres Life Insurance Company, and Remaining Interests in Arena Investors. NEW YORK& TORONTO—- CC Capital, a private investment firm focused on…
MetLife, Inc. today announced that its board of directors has declared a fourth quarter 2024 common stock dividend of $0.545 per share. About MetLife MetLife, Inc., through its subsidiaries and affiliates, is one of the world’ s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help individual and…
To register for AM Best’ s Canada Insurance Market Briefing- Toronto, please go to AM Best’ s Canada Insurance Market Briefing- Toronto. AM Best analysts will provide an economic overview, as well as analysis of the performance of Canada’ s property/casualty and life/annuity lines of business with outlooks for the coming year. Climate Trends and Risk Mitigation:…
Corebridge Financial today announced the launch of Corebridge MarketLock ® Annuity, a registered index-linked annuity issued by its subsidiary American General Life Insurance Company. With MarketLock, Corebridge is expanding on what is already one of the broadest and most comprehensive annuity platforms in the industry,” said Bryan Pinsky, President of…
Shares of MetLife, Inc. (NYSE: MET) traded at a new 52-week high today and are currently trading at $83.55. So far today, approximately 872.85k shares have been exchanged, as compared to an average 30-day volume of 3.04M shares. MetLife, Inc., a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It […]
Document $500,000,000 F&G Annuities& Life, Inc. 6.250% Senior Notes due 2034 We are offering $500,000,000 aggregate principal amount of our 6.250% senior notes due 2034. "If we experience a Change of Control and a Below Investment Grade Rating Event, as described under" Description of the Notes-Repurchase upon Change of Control Triggering Event, "we will be…
—The National Association of Insurance Commissioners proudly announces that its Life Insurance Policy Locator has connected consumers with more than $10 billion in unclaimed benefits from annuities and life insurance policies since the tool’s launch in November 2016. The level of interest has led to 460,952 matches of life insurance policies or…
