Jackson National Life Insurance Company ®, the main operating subsidiary of Jackson Financial Inc. i, today announced it has awarded $730,000 to nonprofits serving the communities where Jackson has offices: Lansing, Michigan; Nashville, Tennessee; and Chicago, Illinois. “At Greater Lansing Food Bank, we work toward more than just ensuring neighbors have…
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How ILITs are reinventing legacy planning post-OBBBA
The One Big Beautiful Bill Act didn’t just change tax law — it changed family dynamics in estate planning.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Lonpac Insurance Bhd. The outlook of these Credit Ratings is stable. The ratings reflect Lonpac’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise…
Reinsurance Group of America, Incorporated, a leading global life and health reinsurer, announced today that Ryan Krueger will join the company as Senior Vice President, Investor Relations, effective January 5, 2026. Prior to joining RGA, Mr. Krueger spent over a decade at investment bank Keefe, Bruyette& Woods, where he was Managing Director, Equity Research of…
QUEBEC CITY& TORONTO—- iA Financial Group, one of Canada’ s largest life insurers and a leader in wealth management, is proud to announce a strategic partnership with Empathy, the technology company transforming how families navigate life’ s most difficult moments. By combining cutting-edge technology with deeply human care, we offer beneficiaries not only…
Mr. Bell was a member of First Presbyterian Church of Vicksburg and later joined Second Presbyterian Church in Memphis, TN and then Columbia Presbyterian Church in Columbia, MS. He served as a deacon in all three churches. He worked as a Life Insurance Executive for Southland Life Insurance Company of Dallas, TX, for 40 years and was a partner in Price, Brown, and Bell…
Judge tosses Penn Mutual whole life lawsuit; plaintiffs to refile
A California judge granted motions to dismiss a lawsuit filed by a group of 29 plaintiffs who claim that Penn Mutual Life Insurance Co. and several co-defendants ran a tax-avoidance scam.
Boston Mutual Life Insurance Company has announced the appointment of Glenn Capps as regional sales director for Tennessee and Kentucky within its Distribution department. Prior to joining Boston Mutual Life, he held leadership and sales roles at companies including Horace Mann Insurance Company, Aflac, ABC Insurance Group, Great American Financial…
Judge approves PHL Variable plan; could reduce benefits by up to $4.1B
A Connecticut judge signed off Tuesday on changes to a moratorium on benefits available to the financially troubled PHL Variable Insurance Co.
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 $20.0 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…
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Kansas City Life Insurance Company. At the same time, AM Best downgraded the FSR to B+ from B++ and the Long-Term ICR to“ bbb-” from“ bbb” of Grange Life Insurance Company. Concurrently, AM Best has revised the outlook to…
AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of“ bbb” and the Vietnam National Scale Rating of aaa.VN of Bao Minh Insurance Corporation. The outlook of these Credit Ratings is stable. The ratings also factor in the neutral impact from BMI’ s majority owner, State Capital Investment Corporation, which is the sovereign…
Prudential leads all life sellers as Q3 sales rise 3.2%, Wink reports
Prudential Financial ranked No. 1 in overall life insurance sales during the third quarter, with a market share of 5.7%, Wink, Inc. reported.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa” of Minnesota Life Insurance Company and its subsidiary, Securian Life Insurance Company, together referred to as Securian Financial Insurance Group. Concurrently, AM Best has affirmed the FSR of A and the Long-Term ICR of“ a+” of Securian Casualty Company.
PacLife takes top spot as LIMRA reports 14% rise in new life premium
Pacific Life Insurance Co. took over the top spot in life insurance new annualized premium through the first three quarters, LIMRA announced Wednesday.
James R. Boyle, Former John Hancock President and CEO, Joins Star Mountain Capital as Senior Advisor
Mr. Boyle will leverage his extensive leadership experience transforming major financial institutions to advance Star Mountain’s mission of creating long-term value in the lower middle-market. James R. Boyle, Senior Advisor at Star Mountain Capital. Mr. Boyle served as President and CEO at Foresters Financial.
The following information was released by the National Association of Insurance Commissioners:. The life insurance market has undergone substantial changes in recent years, driven by prolonged low interest rates, evolving consumer preferences, more complex investment practices, and increaseduse ofreinsurance. These shifts have introduced new…
U-Haul Holding Company, parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, on December 3, 2025 declared a quarterly cash dividend of $0.05 per share on its Series N Non-Voting Common Stock. U-Haul Holding Company is the parent company of U-Haul International, Inc., Oxford Life…
Companies offering commercial, health and life insurance were posting ever higher pre-tax operating gains, but not those in the auto and home insurance segments, said Robert Passmore of the American Property Casualty Insurance Association. Data he presented to a special committee of the House of Representatives showed industry gains in that“ personal”…
Expansion of Venerable’ s strategy to include variable annuity flow reinsurance was announced in June of this year as part of the landmark agreement with Corebridge Financial, Inc. which also included reinsurance of $51 bn of variable annuity business from American General Life Insurance Company and The US Life Insurance Company of New York.
