The Best’ s Market Segment Report,“ Market Segment Outlook: Vietnam Non-Life Insurance,” states that the country’ s core insurance segments are driving growth. Vietnam’ s real GDP growth accelerated to 7.1% in 2024, although heightened global trade uncertainty and economic slowdowns in key partner economies may weigh on Vietnam’ s export performance and affect…
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Why the sandwich generation may be underinsured
The sandwich generation – adults who are caring for older family members while raising children – are already stretching their funds to cover expenses across multiple generations.
—Hackers gained access to personal data on the majority of the 1.4 million customers of Allianz Life Insurance Company of North America, the company confirmed Saturday. Minneapolis- based Allianz Life, a subsidiary of Munich, Germany- based Allianz SE, said the data breach happened on July 16 when a“ malicious threat actor” gained access to a third-party,…
A onetime Vadnais Heights insurance broker who invented customers and used phony Social Security numbers to earn nearly $650,000 in commissions was put on probation for three years and ordered to pay back what he stole. Life Insurance Company of North America, a subsidiary of Cigna Corp., reported suspected insurance fraud to the Minnesota Commerce Fraud…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Hanwha General Insurance Company Limited. The outlook of these Credit Ratings is stable. The ratings reflect HGI’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and…
On May 30, 2025, Ozark became a wholly owned subsidiary of Americo Financial Life and Annuity Insurance Company, which in turn, is wholly owned by Americo Life, Inc.. AFL acquired Ozark to continue its strategic growth objectives in the U.S. life insurance market, where it has focused traditionally on closing mortality protection gaps through…
AM Best has upgraded the Financial Strength Rating to A from A- and the Long-Term Issuer Credit Rating to“ a” from“ a-” of Lincoln Heritage Life Insurance Company. The outlook of these Credit Ratings has been revised to stable from positive. The ratings reflect Lincoln Heritage’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong…
AM Best has assigned a Financial Strength Rating of B++, a Long-Term Issuer Credit Rating of“ bbb+” and the Vietnam National Scale Rating of aaa.VN to Bao Viet Insurance Corporation. The outlook assigned to these Credit Ratings is stable. The ratings also factor in rating enhancement from BVGI’ s parent, Bao Viet Holdings, a major finance and insurance group in Vietnam.
Insurance industry retirement exodus creating a talent gap
With thousands of insurance professionals heading toward retirement, the looming talent gap could compromise performance and growth.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aaa” of Teachers Insurance and Annuity Association of America and its wholly owned insurance subsidiary, TIAA-CREF Life Insurance Company. TIAA and TIAA-CREF Life collectively are referred to as the TIAA Group. TIAA, together with its companion organization,…
U-Haul Holding Company, the parent company of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, plans to report its first quarter fiscal 2026 financial results after the close of market trading on Wednesday, August 6, 2025. U-Haul Holding Company is the parent company of U-Haul International,…
Judge approves distribution of $318M to Greg Lindberg victims
A North Carolina judge approved the distribution Tuesday of $318 million to various victims of Greg Lindberg’s financial fraud.
Private assets, alternatives gain ground in the L/A sector
Life and annuity insurers continue to pursue an expanded universe of investment options to generate additional portfolio income.
Symetra Life Insurance Company, a national provider of life, retirement and employee benefits insurance products, today announced the launch of a new web-based resource dedicated to providing women of all ages with valuable tips and information. Empower Her Future aims to help women navigate their financial journeys, addressing the unique challenges and…
The majority of married Americans say a divorce would derail their retirement strategy, according to the 2025 Annual Retirement Study* from the Allianz Center for the Future of Retirement, part of Allianz Life Insurance Company of North America. Married Hispanic respondents were more likely than white, Asian/Asian American, and Black/ African American…
Aflac employees displayed 15 tons of heart when they took part in Curing Kids Cancer’ s 12 th annual Fire Truck Pull held in downtown Columbia, South Carolina, to raise funds to support the Gamecocks Curing Kids Cancer Clinic at Prisma Health Children’ s Hospital— Midlands. Curing Kids Cancer was founded in 2005 by Grainne and Clay Owen to honor their son Killian, who…
Jackson National Life Insurance Company ®, the main operating subsidiary of Jackson Financial Inc. 1, recently launched a new digital experience for financial professionals on the company’ s website, Jackson.com. The new, easy to navigate section of the website provides personalized content, self-service enhancements, new tools to help educate financial…
$18M policy owner denied ‘seat at the table’ in PHL Variable rehab effort
A high-dollar policyholder has no right to “full-party” status in the PHL Variable rehabilitation proceedings, a Connecticut judge ruled Friday.
5 Star Life Insurance Company, announced today the appointment of John D. Naum as Chief Financial Officer of 5 Star Life Insurance Company, effective July 21, 2025. John D. Naum, Chief Financial Officer of 5 Star Life Insurance Company. In his most recent position, John served as the Associate Vice President of Finance at United Educators Insurance, where he…
-For many people, the term "well-being" may bring to mind a quiet walk outdoors or a trip to the gym. In fact, according to this year's Mind, Body, and Wallet ® report from The Guardian Life Insurance Company of America ®, most Americans say that physical and mental health are essential or very important to their overall well-being. Safety and security and healthy…
