Life Insurance News

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” of Aetna Life Insurance Company and the other members of Aetna Health& Life Group, which are operating entities of Aetna Inc. and wholly owned subsidiaries of its ultimate parent, CVS Health Corporation. Allina Health is a joint venture subsidiary of Aetna.

AM Best has assigned a Long-Term Issue Credit Rating of“ aa” to the recently announced $1.25 billion, 6.05% surplus notes, due 2056, issued by The Northwestern Mutual Life Insurance Company. The outlook assigned to the Credit Rating is stable. The proceeds from the surplus notes offering will be used for general corporate purposes.

Securian Financial today announced the election of Pradip Patiath to its board of directors, effective June 1, 2026. Pradip Patiath, Securian Financial board member and McKinsey& Company senior partner. Patiath is a senior partner at McKinsey& Company and a senior global leader in the firm’ s Financial Services and Digital practices.

NASHVILLE— The Tennessee Department of Commerce& Insurance proudly announces that over $107 million in insurance policies and benefits was located in 2025 for Tennesseans through the Life Insurance Policy Locator Service. Developed by the National Association of Insurance Commissioners, the Life Insurance Policy Locator Service is a free service that…

2026 JUN 01– By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily– Investigators publish new report on Legal Issues- Law and the Biosciences. The news reporters obtained a quote from the research from the National Institutes of Health,“ Both sides employ concepts of fairness and discrimination in supporting their position. Journal of Law and the…

26 North Reinsurance Holding Company today announced that it has entered into a definitive agreement to acquire 100% of Independent Insurance Group, LLC, which operates Independent Life Insurance Company, the only carrier exclusively dedicated to issuing structured settlement annuities for personal injury claimants and their families.

Lincoln Financial today announced the promotion of three senior leaders to its Senior Management Committee: Darrel Tedrow as Executive Vice President, President of Life Insurance and Retail Shared Services; Curtis Chesney as Executive Vice President, President of Annuities; and Paul Spurr as Executive Vice President, Chief Risk Officer and Chief Actuary.

AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Halyk-Life, Life Insurance Subsidiary Company of the Halyk Bank of Kazakhstan, JSC. An offsetting balance sheet strength factor is the material exposure to the high financial system risk in Kazakhstan. In 2024, the company reported a return on equity of 57%,…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of Symetra Life Insurance Company and its subsidiary, First Symetra National Life Insurance Company of New York, together referred to as Symetra Life Group. Concurrently, AM Best has affirmed the Long-Term ICR of“ bbb+” of Symetra Life Group’ s parent, Symetra…

AM Best has assigned a Financial Strength Rating of A++ and a Long-Term Issuer Credit Rating of“ aa+” to Park Avenue Life Insurance Company. The ratings also reflect implicit support from PALIC’ s parent company, Guardian Life Insurance Company of America. PALIC is not actively writing new business but the company is licensed in 48 states and the District of Columbia,…

Nationwide has reached an agreement with MassMutual to reinsure a block of fixed universal life insurance policies, comprising more than 30,000 policyowners.

In its new Best’ s Market Segment Report,“ Market Segment Outlook: Philippines Non-Life Insurance,” AM Best also takes note of the country’ s stabilised reinsurance capacity, the emergence of insurance pools to support underwriting capacity at the primary level, and a broadly supportive pricing environment. However, offsetting factors include macroeconomic…

U-Haul Holding Company, parent of U-Haul International, Inc., North America’ s largest“ do-it-yourself” moving and self-storage company will participate in the Bank of America Self-Storage Virtual Conference on Thursday, May 28, 2026. U-Haul Holding Company is the parent company of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance…

AM Best has upgraded the Long-Term Issuer Credit Rating to“ bb+” from“ bb” and affirmed the Financial Strength Rating of B of Life Insurance Corporation B.S.C. (c). The outlook of these Credit Ratings is stable. The ratings also reflect rating enhancement, in the form of lift, from its ultimate shareholder, the Republic of India.

New York Life today announced the launch of“ The Assist,” a short-form docuseries that looks beyond performance on the field to the people who made it possible. New York Life has also committed $15 million over three years to partnering with organizations developing the next generation of coaches and mentors through the New York Life Foundation’ s Coaching the…

U-Haul Holding Company, parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, today reported net earnings available to shareholders for the year ended March 31, 2026 of $83.1 million compared with $367.1 million for the same period last year. For the quarter ended March 31, 2026, the…

Symetra Life Insurance Company has been named a 2026 Community Champion by the Puget Sound Business Journal as part of the publication’ s annual Corporate Citizenship Awards celebrating“ how businesses in the region use their role to make a difference for those who need it most.” Symetra was recognized for three programs— Summer of Service, BOLD and LETS Play by…