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AIG today announced that it has reached an agreement to sell approximately 120 million shares of its Corebridge common stock to Nippon Life Insurance Company for $31.47 per share, for an aggregate purchase price of $3.8 billion. We are pleased to have Nippon Life become a strategic partner to Corebridge and believe that they will add meaningful value as an…
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Allianz has a new accumulation-focused fixed-indexed annuity.

Allianz Life Insurance Co. recently added to its annuity shelf with the new accumulation-focused product, Allianz Accumulation Advantage+.

Nationwide Mutual Insurance issued the following news:. After a nearly four-decade transformative career at Nationwide, Eric Henderson, president of Nationwide's annuity business, has shared plans to retire at the end of the year. "Throughout his career, Eric has displayed tremendous resiliency and courage to successfully manage risk and lead teams through…

TAMPA, Fla.— Sunday morning, Powerball announced that the estimated $1.33 billion jackpot had been won by a lucky ticketholder in Oregon. The cash value option "is the amount of money required to be in the jackpot prize pool, on the day of the drawing, to fund the estimated jackpot annuity prize," according to the Powerball website. Unlike the state of Florida, Oregon…
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A forthcoming report by the Department of Labor is expected to address pension risk transfer deals.

There is concern in the life insurance industry that a forthcoming Department of Labor report could target group annuity contracts by pension plans in pension risk transfer transactions.
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Guardian Life is out with its first registered indexed-linked annuity.

Guardian Life Insurance Co. is taking its shot at one of the hottest annuity segments in the market with its first registered indexed-linked annuity offering.

—Lottery players nationwide have the chance at nearly $2 billion as the Mega Millions and Powerball jackpots continue to roll. Meanwhile, without a winner in Monday's drawing, the Powerball jackpot has reached an estimated $865 million. That makes it the fifth-largest in Powerball history behind a $1.08 billion jackpot won in California last year.

Reinsurance Group of America, Incorporated, a leading global life and health reinsurer, today announced it has reached an agreement with Japan Post Insurance Company for an RGA affiliate to reinsure an approximately 700 billion JPY in-force block of individual life annuities through coinsurance. “This transaction marks a significant milestone in the…