MIAMI& NEW YORK—- JAB Insurance today announced that it has named Michael Ferik as Chief Executive Officer of Prosperity Life Group, effective October 15, 2025. He will succeed Nicholas von Moltke who served as CEO over the past six years and will shift into a role as Senior Advisor to Anant Bhalla, Executive Chairman of JAB Insurance, to support a smooth transition.
More Stories
Security Benefit paid the redemption price with a portion of the net proceeds of its recent $500,000,000 issuance of senior notes due 2028.. This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities of Security Benefit or Security Benefit Life Insurance Company..
2025 OCT 13– 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“ THE POWER OF CHOICE” by Heather J. Kliebenstein Merchant& Gould P.C., representing Pacific Life Insurance Company. The registrar information for this application…
A growing number of Americans are walking away from their life insurance due to confusion and mistrust.
About New York Life Investments. With over $785 billion in assets under management as of June 30, 2025, New York Life Investments, a Pensions& Investments’ Top 30 Largest Money Manager*, is comprised of the affiliated global asset management businesses of its parent company, New York Life Insurance Company, and offers clients access to specialized, independent…
PHL Variable policyholders share hardship tales while ripping moratorium
PHL Variable is now in the hands of Connecticut regulators, who are trying to sort out its finances while a moratorium on benefits remains in place.
A mutual company owned by owners of eligible life insurance policies, MassMutual falls under the regulatory arm of the SEC. Phone calls and emails to the SEC in Washington went unreturned. The Journal said the SEC is looking at whether MassMutual properly reconciled accrued interest as it received payments on loans held in its general investment account.
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…
Agents risk losing clients as direct life channels score higher in satisfaction
A J.D. Power life Insurance study reveals growing divides between how clients view direct-to-consumer experiences and advisor-led relationships.
The American Council of Life Insurers announced the results of its October 2025 Financial Resilience Index, which measures middle-class households’ abilities to manage financial challenges and plan for a stable future.
As global inflation persists, households are being stretched to their financial limits, leading many to make difficult choices about what to keep and what to cut.
Overall customer satisfaction with individual life insurance providers remains steady this year, but that apparent stability masks significant year-over-year swings in customer experience across individual brands. According to the J.D. Power 2025 U.S. “Customer satisfaction with individual life insurance providers is not just about the product; it’ s…
Switching Sides: Many ex-insurance commissioners go straight to industry roles
The cozy relationship between state insurance regulators and industry trade associations is concerning to many observers and watchdog groups.
According to the Best’ s Market Segment Report,“ Market Segment Outlook: Indonesia Non-Life Insurance,” AM Best expects continued expansion in Indonesia’ s non-life market, supported by ongoing infrastructure development, solid household consumption and sustained government spending, which should drive higher demand for commercial insurance.
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…
A recent state report illustrates the insurance-premium increases that many New Hampshire consumers feel viscerally. In the 2025 fiscal year, which ended June 30, insurers collected more premiums than ever before, and paid a record $176 million in taxes on those premiums to the state. Phil Sletten, policy director for the N.H. Fiscal Policy Institute, said the…
Swiss Re’s US CEO discusses excess mortality, long COVID and GLP-1 drugs
Mortality has become a topic of greater importance in the life insurance industry following the COVID-19 pandemic in 2020.
As open enrollment season for employees across the U.S. is underway, New York Life Group Benefit Solutions today introduced results of an annual survey on the benefits preferences of employees. The findings suggest that human-centric, technology-enabled benefits guidance is key to meet the needs of American employees and close the benefits knowledge gap.
In honor of Childhood Cancer and Sickle Cell Awareness Month in September, we spoke with Georgia teenager Charlaye, who deals with the challenges of sickle cell disease every day, and her family, knowing that spreading awareness makes all the difference. Throughout the last 30 years, Aflac has raised more than $191 million for the Aflac Cancer and Blood…
Meanwhile today announced it has raised $82 million in new capital to meet growing demand from individuals seeking to protect their families and established financial institutions seeking to offer bitcoin-linked savings, retirement, and life insurance products to their customers. The round was co-led by Haun Ventures and Bain Capital Crypto with…
