AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Hyundai Marine& Fire Insurance Co., Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect HMF’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, favourable business profile and…
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Discussing the importance of owning life insurance can be a sensitive topic- after all, few people like to talk about death. However, if others depend on your support, or if you have substantial assets that you wish to transfer to future generations, life insurance can be an important financial tool. There are many types of insurance and features for you to consider…
Both the Block 1 CLN and Block 2 CLN are in consideration of a variable funding surplus note issued by Redding Reassurance Company 3 LLC, a Missouri- domiciled special purpose financial captive reinsurer and a direct wholly owned subsidiary of Wilton Reassurance Company. Each VSN supports the excess reserves for a block of life insurance business retroceded…
Carol died peacefully at Berkshire medical Hospital in Pittsfield Massachusetts on June 12, 2025. Carol attended a small grammar school in Albany Vermont and moved at a young age to Lee Massachusetts on High Lawn Farm. She was a home stitcher for Country Curtains, followed by working as a mail distributor for Berkshire Life Insurance Company.
Armed Forces Benefit Association, and its affiliate, 5 Star Life Insurance Company, announced today the appointment of Xianmei Tang as Chief Actuary and Senior Vice President, Actuarial, effective June 13, 2025. AFBA and 5 Star Life appoints Xianmei Tang as Chief Actuary and Senior Vice President, Actuarial. Xianmei Tang, FSA, MAAA, PRM, LTCP, is a seasoned actuarial…
Standard Insurance Company announced today that Latrina Edwards was named second vice president of Litigation and Employment. Latrina Edwards, Second Vice President of Litigation and Employment at The Standard. Edwards earned a bachelor’ s degree in business administration and management from Eastern Michigan University and her Juris Doctor from…
Tikehau Capital, the global alternative asset management group, in partnership with Société Générale Assurances, CNP Assurances and CARAC Group, three leading insurers, announces the launch of an innovative private equity fund dedicated to the strategic sectors of defense, cybersecurity and European security. The fund, structured mainly around…
Taiwan’ s domestic non-life insurance premium continued to increase in 2024, growing 10.5% to reach TWD 278.5 billion, according to a new AM Best report. The Best’ s Market Segment Report,“ Taiwan Non-Life Segment’ s Operating Performance Supported by Tighter Underwriting Guidelines,” also notes that this segment’ s overall capital& surplus level has continued to…
5 Star Life Insurance Company has achieved a significant milestone for the third year in a row by securing a prominent position on Forbes’ list of the World’ s Best Insurance Companies 2025. This recognition is presented by Forbes and Statista Inc., an industry ranking provider and a leading statistics portal. “It’ s a testament to the trust we’ ve built in the…
Insurers show strongest financial performance in a decade
Publicly traded insurance companies showed strong financial performance in 2024 compared to the prior year, according to an analysis by Compensation Advisory Partners.
Seritage Growth Properties, a national owner and developer of retail, residential and mixed-use properties, announced that today the Company has made a voluntary prepayment of $40 million toward its $1.6 billion term loan facility provided by Berkshire Hathaway Life Insurance Company of Nebraska. With the prepayment, the Company has now repaid a total of…
Jackson National Life Insurance Company ®, the main operating subsidiary of Jackson Financial Inc. 1, today announced it has awarded $900,000 to nonprofits serving the communities where Jackson has offices: Lansing, Michigan; Nashville, Tennessee; and Chicago, Illinois. Jackson has awarded $150,000 each to Lansing- based Haven House, for its housing…
Life insurance sales up 2% in the first quarter, Wink finds
Life insurance sales rose more than 2% in the first quarter, Wink, Inc. found in its Sales & Market Report.
Winged Keel Group today announced the acquisition of BryanMark Group, a St. Louis- based provider of life insurance solutions to affluent and ultra-affluent clients. As part of the acquisition, BryanMark Group founder Jason Hackmann joins Winged Keel as a Principal and will lead the newly established office alongside his team of brokerage service…
Global Indemnity Group, LLC today announced the appointment of Jason C. Murgio, Principal and Chief Executive Officer of Merger& Acquisition Services, Inc., to its Board of Directors, effective June 4, 2025. Mr. Murgio serves as a Principal and the Chief Executive Officer of Merger& Acquisition Services, Inc., as well as a director of each of Investors Heritage Life…
How to use IUL bonuses and multipliers
Indexed universal life insurance policies are increasingly popular, offering a unique blend of life insurance coverage and investment potential.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa” of Mitsui Sumitomo Insurance Company, Limited. Concurrently, AM Best has affirmed the FSR of A+ and the Long-Term ICRs of“ aa” of MSI’ s U.S. operating companies, which are domiciled in New York, NY: Mitsui Sumitomo Insurance Company of America, Mitsui Sumitomo Insurance…
Regulators wave off criticism, adopt reinsurance asset-testing guidance
A state insurance task force adopted a long-anticipated reinsurance asset testing guideline Thursday.
Life insurance application activity showed positive growth in May, the MIB Life Index reported Thursday, up 1.6% year-over-year.
Life premium up in Q1, LIMRA reports; Pacific Life takes over as No. 1
Pacific Life, Nationwide, and Prudential made big moves up the life insurance sales charts during the first quarter, LIMRA reported Wednesday.
