A Massachusetts judge accepted a recommendation Friday to dismiss a consolidated pension risk transfer complaint filed against AT&T Inc. and State Street Global Advisors last year.
Plaintiffs established a case that turning their pensions into Athene annuities pose a risk to their retirement earnings, the judge said Monday.
American Life & Security announces a partnership with Nasdaq Global Indexes to launch the Nasdaq-100 Intraday Elite 15% Index, which is now available on the American Select Fixed Indexed Annuity.
SS&C Technologies Holdings, Inc. today announced that Axcelus Financial, a leading provider of life insurance and annuities, has selected SS&C to modernize its information technology stack and transform its operations. As a result, a portion of the Axcelus team will transfer to SS&C. “We are constantly identifying ways to free up time and resources to drive…
In the past 30 days, Best’ s Review readers have been most interested in the following insurance news coverage:. “Mutual Insurers Dominate Market Share in Farmowners Multiperil, Disability Income, Other Lines” examines AM Best data to find out where mutuals have a dominant share of the market.“ US Life/Annuity Insurers Embrace Alternatives and Mortgages” provides…
A National Association of Insurance Commissioners’ group took another step Thursday toward finalizing a pair of key guidelines.
FGH Parent, L.P.,, a leading global reinsurance company, today announced that Fortitude Life Insurance& Annuity Company has entered the market for funding agreement backed notes, with its inaugural offering to institutional investors scheduled to settle Oct. 6, 2025. The Issuer has priced a private offering of $500 million aggregate principal amount of 4.625%…
A New York judge tossed a pension risk transfer lawsuit filed by former employees of General Electric.
The following information was released by the office of the Governor of Hawaii:. HONOLULU In honor of Life Insurance Awareness Month, the Department of Commerce and Consumer Affairs Insurance Division highlights a free service that helps consumers find their deceased loved one's life insurance policies and annuity contracts online.
2025 SEP 29– 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 RETIREMENT” by Rachel A. Rice, representing Great-West Life& Annuity Insurance Company. This application was made available to the public on September…
Net income for the U.S. life/annuity insurance industry increased by 39% in the first half of 2025 over the same prior-year period to $19.7 billion, according to a new AM Best report. In addition, other income nearly doubled to nearly $50 billion, though this was largely due to $19.7 billion of reserve adjustments on reinsurance ceded at American United Life…
Equitable announced the launch of Structured Capital Strategies Premier, a new solution within its portfolio of registered index-linked annuities.
Flow reinsurance deals take different forms.
Empire Asset Finance, LLC, a new subsidiary of Arena Investors, LP, a $4.6 billion global multi-strategy investment firm, announced its official launch, introducing a financing model built on the principle that lending is not a zero-sum game, and we win when everyone wins. Empire is led by Chief Executive Officer Rick Rockhold and Chief Operating Officer/Chief…
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of C++ and the Long-Term Issuer Credit Ratings of“ b+” of Genworth Life Insurance Company and Genworth Life Insurance Company of New York. These companies are referred to as Genworth Financial Group. Concurrently, AM Best has affirmed the Long-Term ICRs of bb-” of…
Annuities have been the hottest retail investment product by far over the last five years. Can the trend continue?
Winged Keel Group is pleased to announce that Carolyn Rogers has joined the firm as a Client Relationship Manager. Residing in Maryland, Carolyn will focus on the Washington D.C. area, where her extensive network and expertise in the design, implementation, and ongoing administration of Traditional and Private Placement Life Insurance and Annuity…
Legacy Marketing Group today announced the launch of OptiMark, a new accumulation-focused fixed indexed annuity issued by Americo Financial Life and Annuity Insurance Company. “OptiMark raises the bar for accumulation,” said Preston Pitts, President of Legacy Marketing Group.“ With its diverse index options and strong built-in premium bonus, this is a…
Prosperity Life Group ®, an insurance, reinsurance, and asset management organization, today announced the launch of Prosperity PathPro SM Series Fixed Indexed Annuities, issued by S.USA Life Insurance Company, Inc., a Prosperity Company. “Prosperity PathPro Series has a unique story offering stability via guaranteed Par and Cap Rates, customized growth…
Phillip Roy Wasserman suffered another setback this week when a federal judge sided with Florida and federal investigators in his civil lawsuit.
