Life Insurance News

On behalf of the Board of Directors and management of Capitol Federal Financial, Inc. ®, we cordially invite you to attend our annual meeting of stockholders. The meeting will be held at 10:00 a.m. local time on Tuesday, January 28, 2025, at the Bradbury Thompson Alumni Center on the WashbuUniversity campus, 1701 S.W. Jewell Avenue, Topeka, Kansas.

Prudential Financial, Inc. announced today that it has successfully closed a reinsurance transaction for a portion of its guaranteed universal life block with Wilton Re. Prudential Financial, Inc., a global financial services leader and premier active global investment manager with approximately $1.6 trillion in assets under management as of September…

More Americans intend to focus on financial stability in the coming year than they have in the last decade, according to the 2025 New Year’ s Resolutions Study* from Allianz Life Insurance Company of North America. Financial stability was ranked as the No. 1 focus area in the next year by 38% of Americans in the annual study. “With the rising cost of living, Americans…

The Best’ s Market Segment Report,“ Market Segment Outlook: Malaysia Non-Life Insurance,” states that the non-life sector is poised for significant growth, underpinned by economic recovery, rate hikes due to high inflation and rising claims and growing demand for digital insurance and takaful products. At the same time, Malaysia’ s non-life insurers face rising…

Benjamin Deng will lead Sun Life's asset management capabilities across Asia, strengthening the company's investment management strategy to deliver strong performance for clients.. HONG KONG– Sun Life today announced the appointment of Benjamin Deng as President, Asia Asset Management, effective January 1. In this newly created role, Benjamin will lead Sun…

AM Best is maintaining its outlook for Germany’ s non-life insurance segment at negative. In its new Best’ s Market Segment Report,“ Market Segment Outlook: Germany Non-Life Insurance”, AM Best says moderate growth prospects, on an inflation-adjusted basis, continue to be a headwind for insurers in Germany. Headquartered in the United States, the company does…

AM Best has commented that the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of Nippon Life Insurance Company remain unchanged following the announcement of the acquisition of Resolution Life Group Holdings Ltd. on 11 December 2024. Nissay has entered into an agreement to acquire full ownership of Resolution Life, a global…

The report also cites the diversification of revenue streams among Japan life insurers by expanding into new markets and adjacent business lines. While many advanced economies started easing monetary policy amid persistent disinflation, Japan entered a tightening cycle in March 2024. The increase in sales of savings-type products in Japan’ s higher…

Nationwide announced the launch of Nationwide Survivorship Variable Universal Life II, a life insurance product designed to provide comprehensive coverage and financial flexibility for two people.

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 a neutral impact from the company’ s majority ownership by the State Capital Investment Corporation, which…

Majesco, a global leader in cloud insurance technology, has once again been recognized as the top technology leader in the 2024 SPARK Matrix™ by QKS Group for both L&A and P&C Insurance Platforms, following the similar recognition in 2023. Majesco’s cloud-native platforms earned top scores across multiple parameters, reflecting its leadership and…

The TCW Group, Inc., a leading global asset manager, and Nippon Life Insurance Company, one of the world’ s largest life insurance companies, today announced that Nippon Life intends to commit up to $3.25 billion in additional anchor capital to TCW alternative credit strategies and increase its minority ownership stake in TCW in the future.

AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of“ bbb” to Atlanta Life Insurance Company. In January 2023, Atlanta Life Holdings acquired ALIC, the 100- plus year-old Georgia- domiciled insurance company, and made a capital contribution in conjunction with the acquisition. Furthermore, the company’ s balance sheet has…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of the core Blue Cross Blue Shield- branded insurance subsidiaries of Elevance Health, Inc., as well as its life insurance subsidiaries. These companies collectively are referred to as Anthem Health. The ratings of Anthem Health reflect the group’ s balance sheet…