BCG Pension Risk Consultants| BCG Penbridge, a leader in defined benefit risk mitigation services, today announced the addition of two experienced industry professionals, Tom Sablak and Sam Mossing, to BCG’ s highly regarded team of consultants to help drive and deliver cost management and de-risking consulting services for defined benefit pension plans.
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Flow reinsurance: A popular tool in the life/annuity reinsurance market
Flow reinsurance deals take different forms.
Overalls announced today a new partnership with 5 Star Life Insurance Company to provide an exclusive, one-of-a-kind service, LifeConcierge ®, an AI-enabled support system. Overalls partners with 5 Star Life Insurance Company. “With CoreAssist, we’ re reimagining what supplemental insurance can be, adding advocacy and other member resources powered by…
Swiss Re study: GLP-1 drugs could cut U.S. mortality a staggering 6.4% by 2045
The continued use of GLP-1 weight loss drugs could cut mortality rates by up to 6.4% by 2045, according to new research spearheaded by Swiss Re.
IUL: Are you ready for what’s next?
IUL can offer a middle ground, with flexible premiums and tax-advantaged growth.
The following information was released by the Tennessee Department of Commerce and Insurance:. NASHVILLE Tennessee Governor Bill Lee has proclaimed September as Life Insurance Awareness Month in Tennessee. To support the proclamation, the Tennessee Department of Commerce and Insurance highlights the importance of life insurance coverage, which can…
2025 SEP 19– 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“ RELIANCE MATRIX” by Christina D. Frangiosa Neal& McDevitt, LLC, representing Reliance Standard Life Insurance Company. This application was made available to the…
Concurrently, AM Best has affirmed the FSR of A and the Long-Term ICRs of“ a” of Oxford Life Insurance Company and its subsidiary, Christian Fidelity Life Insurance Company, which are collectively referred to as Oxford Group. These companies are owned by the group’ s ultimate parent, U-Haul Holding Company, which is also the parent of U-Haul International, Inc.,…
Winged Keel Group is pleased to announce that Sean O’ Reilly has recently joined the company as Chief Operating Officer. As the firm continues its rapid expansion as the premier national platform for the structuring, implementation, and administration of high-end life insurance, Sean is responsible for managing the firm’ s day-to-day operations in support of…
From a sporting standpoint, the Seagram family of Waterloo was known primarily for thoroughbred horse racing, but they were actually involved in many other activities, and it can be argued that their most lasting impression was on the world of hockey. Ed Seagram was the eldest of Joseph Emm Seagram's four sons, and from an early age he was groomed to follow in the…
On Feb. 7, 2025, Legal& General Group Plc agreed to the sale of its U.S. protection business to Meiji Yasuda Life Insurance Company and to establish a strategic partnership with Meiji to grow the U.S. pension risk transfer business with Meiji taking a 20% interest in L&G’ s U.S. PRT business, for a value of $2.3 billion. In this partnership, L&G will retain 80% of new and…
PacLife settles with Washington state plaintiffs in IUL illustration suit
Pacific Life settled a lawsuit brought by a Washington state couple who claimed they lost substantial retirement funds after being misled on an IUL.
Vermont judge dismisses two National Life companies from IUL lawsuit
A Vermont judge dismissed a pair of National Life companies from a lawsuit over an indexed universal life policy that returned 0%.
Law firm launches national practice targeting IUL lawsuits
A pair of South Carolina lawyers are rebranding their firm to focus on IUL litigation. Robert Rikard says IUL abuses are getting worse.
Life insurance can benefit you while you’re alive
Life insurance is typically viewed as just a payout when you die.
AM Best is revising its outlook on the French life insurance segment to stable from negative. In its new Best’ s Market Segment Report,“ Market Segment Outlook: France Life Insurance”, AM Best states that it expects the French life insurance segment to report further growth over the next year, despite headwinds from the wider economic and geopolitical conditions.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of C++ and the Long-Term Issuer Credit Ratings of“ b+” of Genworth Life Insurance Company and Genworth Life Insurance Company of New York. These companies are referred to as Genworth Financial Group. Concurrently, AM Best has affirmed the Long-Term ICRs of bb-” of…
LLMs hold promise for the actuarial field
Large language models hold promise for many industries and professions, including the insurance industry and the actuarial field.
Life insurers’ superpower? Long-term promises says ACLI CEO David Chavern
ACLI CEO David Chavern discusses the industry’s “moment,” the annuity boom, and why a new vocabulary is needed for what life insurers do.
Melchior was first licensed as a Life and Health Insurance agent in 1975 with the Metropolitan Life Insurance Company. In April of 1983, Bill left Metlife and was hired as a District Agent with the Northwestern Mutual Life Insurance company of Milwaukee Wisconsin. He was a ten-time qualifier of the Million Dollar Round Table, and a 30 year qualifier of the…
