South Korea- based DB Insurance Co. Ltd. says it has been in the U.S. since 1984 through a Guam branch, but its $1.65 billion acquisition of The Fortegra Group Inc. will significantly expand its U.S. business. "DB seeks to expand in the U.S. and enter the European specialty insurance markets, and Fortegra is a natural fit for their strategy and vision," Kahlbaugh said in…
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Private equity life insurers turn to Japan in latest reinsurance dealmaking
A pair of private equity-backed life insurers announced significant reinsurance deals this week with Japanese reinsurance companies.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of The Dai-ichi Life Insurance Company, Limited, the wholly owned operating subsidiary of Dai-ichi Life Holdings, Inc.. The outlook of these Credit Ratings is stable. The group’ s total reported capital declined by 10% year-over-year to JPY 3.5 trillion as of 31…
AM Best has placed under review with positive implications the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of the operating subsidiaries of The Fortegra Group, Inc.. The property/casualty operating subsidiaries of Fortegra include Lyndon Southern Insurance Company; Insurance Company of the South; Response Indemnity…
“Since its launch in April 2024, myLeaveGuide SM has simplified the parental leave planning process for more than 20,000 individuals,” said Kristina Welke, Vice President, Strategy, Solutions, and Marketing at New York Life Group Benefit Solutions.“ With myLeaveGuide Pro SM, we’ re going further— building on input from both employers and employees to deliver…
Majesco, the insurance industry’ s foremost innovator in cloud-native, AI-driven software, announced today its role as a Title Sponsor of ITC Vegas 2025, the world’ s largest gathering of insurance innovators. Taking place October 14-16, 2025 at Mandalay Bay, Las Vegas, Majesco will bring its bold new theme, Dare to Imagine, to the forefront, challenging the…
Whole life: Helping clients navigate life’s milestones
Life’s biggest milestones bring both excitement and new financial responsibilities.
AM Best has affirmed the Financial Strength Ratings of A+ and the Long-Term Issuer Credit Ratings of“ aa” of the main rated insurance subsidiaries of Zurich Insurance Group Ltd. At the same time, AM Best has affirmed the Long-Term ICR of“ a+” of Zurich. Zurich reported a Swiss Solvency Test coverage ratio of 255% at the end of June 2025.
Although the job market has softened slightly, LIMRA research shows workplace life insurance and disability insurance remain a priority.
New York Life, America’ s largest 1 mutual life insurance company, announced the appointment of Deepa Soni as executive vice president and chief information officer. “Deepa is a distinguished technology leader with deep experience driving digital transformation and innovation in the financial services industry,” said DeSanto.“ We are thrilled for her to join…
Winged Keel Group today announced the acquisition of Bridge Life, a Denver-based provider of advanced life insurance planning for affluent and ultra-affluent clients founded by industry veteran Jay Cleary. Jay joins Winged Keel as a Principal and will lead the Denver office alongside Winged Keel Principal Mark Richards. CEO Eric Naison-Phillips said,“ We’…
SS&C Technologies Holdings, Inc. today announced that Axcelus Financial, a leading provider of life insurance and annuities, has selected SS&C to modernize its information technology stack and transform its operations. As a result, a portion of the Axcelus team will transfer to SS&C. “We are constantly identifying ways to free up time and resources to drive…
Kuvare Holdings is pleased to announce the official opening of a Japan Representative Office for its reinsurance affiliate, Kuvare Life Re Ltd., marking a significant milestone in KLR’ s strategic expansion into the Japanese and Asian markets. This formalized presence in Tokyo underscores Kuvare’ s commitment to deepening relationships and fostering…
USAA has appointed Rob Arena as President of USAA Life Insurance Company, effective January 5, 2026. “Rob brings extensive expertise and a values-driven approach that will strengthen USAA’ s ability to serve members with comprehensive life and retirement solutions that build financial security,” said USAA CEO Juan C. Andrade.“ His proven leadership in…
Corebridge Financial today announced countrywide availability of its life insurance products through Allstate Financial Services, LLC, representing a strategic addition to the distribution partner network for the Corebridge Life Insurance business. “Corebridge is pleased to announce this significant distribution partnership with Allstate…
Group 1001 Insurance, a leading financial services company, today announced the appointment of Derek Towriss as President of Gainbridge Insurance Agency, LLC. Towriss joined Delaware Life Insurance Company, a Group 1001 company, 10 years ago as an actuary, progressing through the valuation, hedging, and pricing disciplines while earning his FSA designation.
Governor Hochul has appointed Kaitlin Asrow as Acting Superintendent. The Governor is appointing Kaitlin Asrow to Acting Superintendent of the Department of Financial Services effective October 18, 2025. "Between her time at the Federal Reserve, Financial Health Network, and within DFS, Kaitlin is well suited to lead the Department into the future,…
Winged Keel Group“ Winged Keel” is pleased to announce the addition of Jacob Boston as Managing Director, Marketing and Communications. Earlier in his career, he directed communications for acquired firms at NFP in New York, guiding messaging through periods of significant growth and evolution. Boston, who resides outside of Portland, OR graduated from Emory…
Pacific Life announced today that it has added a new flexible premium universal life insurance product to its lineup. Pacific Venture UL 2 1 provides a robust set of choices and replaces the Versa-Flex Venture UL 2 product. “Pacific Venture UL 2 can be thought of as the Swiss Army™ knife of ULs— it’ s versatile and can support a wide range of customer needs,” says Sim Zady,…
Question: I got an email supposedly from the U.S. Department of Education to“ alert me” that my FSA ID is locked and telling me to click on a link to unlock it. I think this is a phishing scam because I didn’ t apply for financial aid this year— my daughter already graduated from college. I deleted the email without clicking.
