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…
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LIMRA: 2024 retail annuity sales set $432B record, but how does 2025 look?
Total 2024 annuity sales were up 12% over 2023 and nearly 40% over 2022, according to preliminary results from LIMRA’s U.S. Individual Annuity Sales Survey.
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.
Pension Rights Center: PRT deals could lead to ‘nationwide catastrophe’ regulated
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…
Allianz Life moves to strengthen annuity operations with own reinsurer
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,…
Life insurance and annuity sales: What’s ahead for 2025?
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 analytics report for 2024
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…
SB 263 expected to bring chaos to Calif. insurance, annuity sales come Jan. 1
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…
