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…
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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.
As part of its strategy to expand within the annuity market, Axonic Insurance TM, an annuity and investment solutions provider backed by Axonic Capital, and iPipeline ®, a leading provider of digital solutions for the life insurance and wealth management industries, announced a new alliance that streamlines the annuity order entry process for the…
MetLife, Inc. today announced that its board of directors has declared a fourth quarter 2025 common stock dividend of $0.5675 per share. MetLife, Inc., through its subsidiaries and affiliates, is one of the world’ s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help individual and…
Judge tosses a pension risk transfer lawsuit filed by ex-AT&T employees
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.
Bristol-Myers retirees win round in lawsuit over $2B Athene annuity deal
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…
