Life Insurance News

AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of Nippon Life Insurance Company. The company’ s absolute capital recorded material increase by 52% to JPY 10.5 trillion as of 31 March 2024, driven by substantial unrealised gains on its securities investments amid favourable market conditions.

Prudential Financial, Inc. and Dai-ichi Life Holdings announced today their intent to pursue a strategic partnership focused on product distribution and asset management capabilities. “As one of the leading life insurance providers in Japan, Dai-ichi is an ideal partner for our best-in-class life planner distribution network in Japan, as well as to PGIM,”…

AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A from A- and the Long-Term Issuer Credit Ratings to“ a” from“ a-” of ShelterPoint Insurance Company and ShelterPoint Life Insurance Company. ShelterPoint Life’ s operating performance has exhibited significant growth in top line premium, driven by its…

Prudential Financial announced an agreement to reinsure a portion of its recently originated Japanese whole life policies with a subsidiary…

Securian Financial announced today that Warren Zaccaro, executive vice president and chief financial officer, will retire on July 1, 2025, after 20 years of dedicated service to the company. Warren Zaccaro, retiring as Securian Financial CFO on July 1, 2025. Berlute will succeed Zaccaro as CFO on June 1, 2025, reporting to Chris Hilger, Securian Financial…

Voya Financial, Inc. announced today the launch of its Lifetime Life Insurance* offering, an innovative new solution designed to complement conventional term life insurance offerings through the workplace. As a new group term permanent life insurance that includes an accelerated benefit for long-term care, Voya’ s Lifetime Life Insurance provides…

No Existing Affiliated Fund is a BDC Downstream Fund. "BDC" means a business development company under the Act. 5 " BDC Downstream Fund" means, with respect to any Regulated Fund that is a BDC, an entity that the BDC directly or indirectly controls, that is not controlled by any person other than the BDC, that would be an investment company but for Section 3 (c) or 3 (c) of…

Prudential Financial, Inc. announced today an agreement to reinsure a portion of its recently originated Japanese whole life policies with a subsidiary of Prismic Life, a Bermuda- based life and annuity reinsurance company sponsored by Prudential and Warburg Pincus and supported by a group of global investors. Under the terms of the agreement, Prismic will…

After a 40-year career in the financial services industry, John Carter, President and COO of Nationwide Financial, announced his plans to retire from Nationwide at the end of this year. 

New York Life, the largest 1 mutual life insurance company in the United States, has announced planned leadership transitions in the company’ s Foundational Business, which delivers protection-first holistic advice and guidance to millions of customers through its 12,000 agents and advisors across the United States. He joined New York Life in 2015 as head of…

Jackson National Life Insurance Company ®, the main operating subsidiary of Jackson Financial Inc. 1, today released key findings on how retirees and financial professionals perceive healthcare risk and the associated impacts on retirement income planning, including costs of healthcare and long-term care. The study is the third installment of Jackson’ s…

Axcelus Financial has named Keith Stock Chief Executive Officer for its Bermuda- based Class-C Insurance companies: Axcelus Financial Life Ltd., Axcelus Financial Global Insurance Ltd., Axcelus Financial Life Insurance Company Ltd, and holding company Axcelus Financial Holdings Ltd. The Class C insurance companies are leading international providers…

As consumer demand for retirement solutions increases, Allianz Life Insurance Company of North America announced today that it has partnered with Morgan Stanley to offer its annuities to Morgan Stanley clients. “As we experience a significant uptick in interest in retirement risk management, bringing our retirement solutions to Morgan Stanley financial…

“Our new A ssetEdge solutions offer clients looking for growth potential an opportunity to build a portfolio with optionality and the flexibility to meet multiple planning goals in a tax-advantaged way,” said Jared Nepa, senior vice president and head of Insurance Solutions Distribution for Lincoln.“ With performance-based products representing 70% of VUL…

AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of the life/health insurance subsidiaries of Prudential Financial, Inc., collectively referred to as Prudential. Concurrently, AM Best has affirmed the Long-Term ICR of“ a-” of PFI and all Long- and Short-Term Issue Credit Ratings of the group.

Document As filed with the Securities and Exchange Commission on January 16, 2025 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-3 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Abacus Life, Inc. 2101 Park Center Drive, Suite 200 Orlando, Florida 32835 561-4148 Jay J. Jackson Chief Executive…