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.
FINEOS Corporation today announced that Everest Group’ s Leading 50 TM Life& Annuity Insurance Technology Providers report has positioned FINEOS as a leader in the global life, accident and health insurance technology market for 2024.. Ultimately, the renowned research firm arrived at the Leading 50 TM Life& Annuity Insurance Technology Providers 2024,…
Total annuity sales increased 23% to $331.2 billion in the first nine months of the 2024, on pace for another record-breaking year.
Allianz Life Insurance Company of North America announced today that its in-plan annuity solution will be available through the nation’ s second-largest retirement plan provider, Empower. Together with Empower, an industry leader and trusted wealth and retirement services provider with over $1.6 trillion in administered assets, Allianz Life could…
Several California teacher lawsuits over in-plan annuity costs has been consolidated into one case involving rider fees.
Utah Insurance Commissioner Jonathan T. Pike signed an order Monday barring Sentinel Security Life Insurance Co. from writing new business in the state after Dec. 31.
This collaboration marks an industry first by introducing Luma’ s advanced technology into AIN Essentials in a single sign-on environment, providing all AIN Affiliates with instant access to an unparalleled suite of resources. “By partnering with Luma, we are ensuring that AIN Affiliates have simplified access to the most advanced technology available,”…
AM Best has maintained its market segment outlook for the U.S. life/annuity insurance segment at stable, supported by strong capitalization across the industry, robust top-line growth in core lines of business and consistent profitability trends. In its Best’ s Market Segment Report,“ Market Segment Outlook: US Life/Annuity,” AM Best states that the…
