Axonic Insurance, a global annuity and insurance platform, today announced a $210 million preferred equity investment led by LuminArx Capital Management, a global capital solutions provider, with participation from Deutsche Bank. Axonic Insurance is an innovative insurance platform that designs, distributes, issues, and manages annuity and related…
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Ho hum, Q3 annuity sales set yet another record at $119B, LIMRA reports
Total annuity sales increased 4% to $119.3 billion in the third quarter of 2025, setting yet another quarterly sales record, LIMRA reported.
Annuities: The key to unlocking financial security in retirement
Annuities provide guaranteed payments regardless of market conditions.
2025 OCT 28– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ EMPOWER FINANCIAL SERVICES” by ADAM S WEISS POLSINELLI PC, representing Great-West Life& Annuity Insurance Company. This application was made available to the…
Agatha Global Tech today launched GrantAI™ on its flagship platform, Annuities Genius ®, re-imagining the annuities experience for advisors, distributors and financial institutions. This press release features multimedia. “With GrantAI, we’ re changing how annuities are explained, compared, and delivered,” said David Novak, Founder and CEO of Agatha Global…
2025 OCT 27– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ EMPOWER INNOVATION” by Rachel A. Rice, representing Empower Annuity Insurance Company of America. This application was made available to the public on October…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of Commonwealth Annuity and Life Insurance Company, First Allmerica Financial Life Insurance Company, Forethought Life Insurance Company, Accordia Life and Annuity Company, and its affiliates, Global Atlantic Re Limited and Global Atlantic Assurance…
2025 OCT 21– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ EMPOWER READY SELECT” by Rachel A. Rice, representing Empower Annuity Insurance Company of America. This application was made available to the public on October…
How AI enhances annuity operations and agent relationships
Opportunities to leverage artificial intelligence across the insurance industry are growing at an unprecedented pace.
A new study by Prudential Financial shows that mass affluent people around the world are confident about their retirement preparedness, but there is work to be done to help them protect their nest eggs and secure dependable income that lasts a lifetime.
Family of dementia victim who jumped to his death settles with insurers over annuity sales
The widow of a New York City man who jumped to his death has settled a lawsuit with the insurance companies and a broker who sold him annuities.
Milliman: Certain VA annuity surrenders doubled from 2022 to 2024
Updated research from Milliman finds that surrender rates on variable annuities with guaranteed living withdrawal benefits more than doubled from 2022 to the end of 2024.
401(k) Annuity Hub aimed at lifetime income in DC plans
Interest in lifetime income products within retirement plans is growing, and a new tool helps plan sponsors and advisors to match the right annuity product into the 401(k) plans for their employer clients.
Nationwide expands hybrid long-term care lineup with new annuity option
Nationwide is broadening its long-term care (LTC) portfolio with the launch of Nationwide CareMatters Annuity.
AmeriLife Group announced a strategic partnership with Levinson & Associates, an insurance marketing organization (IMO) specializing in life insurance and…
Issued by Gulf Guaranty Life Insurance Company, rated B++ by AM Best, the Anchor MYGA provides consumers with predictable, tax-deferred accumulation and free Required Minimum Distributions for qualified accounts. As consumers increasingly seek safe and predictable alternatives to volatile markets, the Anchor MYGA delivers guaranteed returns backed by…
AM Best will host an insurance market briefing on the state of Canada’ s insurance industry at the Sheraton Centre Toronto Hotel on Thursday, Oct. 30, 2025. To register for AM Best’ s Canada Insurance Market Briefing- Toronto, please go to AM Best’ s Canada Insurance Market Briefing- Toronto. Panelists will include Gord Dowhan, chief financial officer, Wawanesa…
Retirement income options evolve as workers job-hop
The likelihood of employee turnover must be considered when looking at investment options.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of the following subsidiaries of Group 1001 Insurance Holdings, LLC: Delaware Life Insurance Company and Clear Spring Life and Annuity Company. These companies are referred to as the Group 1001 Life& Annuity…
Regulators near completion of guidance on compliance with annuity rules
More than a year after first circulating a draft guidance on compliance expectations for its best interest standard for annuity sales, regulators are nearing a final version.
