The continued transfer of pension funds to annuity sellers threatens the viability of the American retirement system if left unchecked, the Pension Rights Center said in a brief.
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…
Midland National ® Life Insurance Company, a member company of Sammons Financial Group ®, is seeing strong growth in annuity sales through its Midland Advisory channel. “Sammons Financial Group has seen terrific product growth and historic sales in its annuity products over the past two years and especially since entering the RIA channel through Midland…
Delaware Life Insurance Company, a Group 1001 company, announces three new innovative fixed index annuities– Momentum Growth™, Momentum Growth Plus™, and DualTrack Income™. These FIAs offer investors all the features and benefits of a traditional FIA with the flexibility to control and customize their risk while helping capitalize on positive equity markets…
Last month, Allianz quietly announced the new independent strategic reinsurance platform called Sconset Re.
Global Atlantic Financial Group, a leading insurance provider meeting the retirement and life insurance needs of individuals and institutions, today announced the launch of ForeStructured Growth II, an innovative registered index-linked annuity designed to help balance growth potential with an element of downside protection. The product addresses a…
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of RGA Reinsurance Company, RGA Americas Reinsurance Company Ltd, RGA Life Reinsurance Company of Canada, Aurora National Life Assurance Company and RGA Life and Annuity Insurance Company. These companies are subsidiaries of Reinsurance Group of America,…
Variable universal life and registered index linked annuities are expected to see the highest percentage of growth across life and annuity products in 2025, two LIMRA executives said during a recent webcast.
Ares Management Corporation, a leading global alternative investment manager, announced today that it has raised over $2.3 billion of equity commitments from third parties, Ares and affiliates of Ares to support the long-term growth of Aspida Holdings Ltd.. Aspida is a life insurance and annuity company based in Durham, N.C. and supported by the Ares…
Salt Financial Annuity Index Report for Dec., which also serves as the full-year report for 2024.
Ibexis Life& Annuity Insurance Company today announced the launch of its WealthDefender™ Series in the independent marketing organization sales channel. Nathan Gemmiti, CEO of Ibexis, offers“ WealthDefender™ is the perfect complement to our existing FIA product suite. Whether you choose guaranteed participation rates for stability, a competitive bonus for…
AmeriLife Group, LLC, a national organization that develops, markets, and distributes life and health insurance, annuities, and retirement planning solutions, announced today that it has entered into an agreement to acquire Crump Life Insurance Services and Hanleigh Management from TIH Insurance Holdings, LLC. "We are thrilled to welcome Crump into the…
Rochelle Park, N.J., December 18, 2024- Sapiens International Corporation,, a leading global provider of software solutions for the insurance industry, announced today that Sapiens UnderwritingPro for Life& Annuities has received a 2024 XCelent award, in the Customer Base and Support categories in the North America region for new business and automated…
California’s new best-interest insurance sales bill (Senate Bill 263) could bring chaos to consumers and agents come Jan. 1.
Lincoln Financial, a leading provider of insurance, annuities, group benefits and retirement solutions, has hired industry veteran Tom Morelli as Vice President, Investment Distribution. Tom Morelli, Source: Lincoln Financial. Morelli will focus on supporting the distribution of Lincoln’ s suite of more than 100 sub-advised variable insurance funds, mutual…
"Our son sustained a horrible injury during birth that will require life-long medical care. Insurance companies issued about $2.6 billion of these specialized annuities from July to September, according to John Darer, a Connecticut structured settlement expert. Darer sees demand for structured annuities topping $9 billion this year.
MetLife, Inc. (NYSE: MET) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved 5.27% on the day to $84.56. MetLife, Inc., a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through five segments: U.S.; Asia; Latin America; Europe, […]
Majesco, a global leader in cloud insurance technology, has once again been recognized as the top technology leader in the 2024 SPARK Matrix™ by QKS Group for both L&A and P&C Insurance Platforms, following the similar recognition in 2023. Majesco’s cloud-native platforms earned top scores across multiple parameters, reflecting its leadership and…
MetLife, Inc. and General Atlantic today announced the formation of Chariot Reinsurance, Ltd., a to-be-registered Class E Bermuda-based life and annuity reinsurance company. Going forward, MetLife Investment Management and General Atlantic will exclusively provide asset management services to Chariot Re. MetLife Investment Management, with expertise…
The widow of a New York City man who committed suicide last summer by jumping off a building is suing three brokers and five companies for allegedly selling him improper annuities.
