Securian Financial today promoted John Heshelman to vice president and chief investment officer. John Heshelman, Securian Financial vice president and chief investment officer. Heshelman also provides investment market and portfolio insights to Securian Financial leaders, including the company’ s board of directors.
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On June 26, 2025, Venerable Holdings, Inc. announced a transaction with Corebridge Financial, Inc. pursuant to which it will reinsure approximately $51 billion of variable annuity business from American General Life Insurance Company and The US Life Insurance Company in the City of New York. Additionally, Venerable will acquire Corebridge’ s investment…
Corebridge Financial, Inc. today announced that it has entered into an agreement with CS Life Re, a subsidiary of Venerable Holdings, Inc. to reinsure all the variable annuities of its Individual Retirement business, with account value totaling $51 billion as of March 31, 2025. The transaction is valued at $2.8 billion, consisting of both ceding commission and…
“We’ re so proud that Pacific Protector Plus VUL was chosen to be a part of the State Farm portfolio. State Farm is committed to meeting customers’ needs with products and services to help customers manage the risks of everyday life and realize their dream. The design of Pacific Protector Plus VUL offers the opportunity for authorized State Farm agents to help…
When asked to guess what the premium of a $250,000 20-year, level term policy would be for themselves, healthy adults in the 18–30-year-old range overestimated the median cost about 10–12 times more than its true cost.
New York Life, America’ s largest 1 mutual life insurer, is proud to announce the launch of the New York Life Financial Empowerment Scholarship, reflecting the company’ s ongoing commitment to supporting students throughout major life events and expanding access to financial literacy. Those from the high school classes of 2025 and 2026 can apply now through 4…
More Americans say that they are too nervous to invest right now and are worried about their retirement savings more than they have in the last six years as extreme market volatility ripples through the economy, according to the 2025 Q2 Quarterly Market Perceptions Study* from Allianz Life Insurance Company of North America. Nearly half of all Americans say…
A-Cap provides update on life insurers after tangling with regulators
After battling with regulators in Utah and South Carolina for much of the past 18 months, Advantage Capital and its…
State claims added to amended lawsuit over National Life IUL illustrations
An Indiana woman suing NLV Financial Corp. and two life insurance subsidiaries over a 2023 indexed universal life policy that returned 0% is tacking on state claims in an amended complaint.
Mr. Levine is the latest addition to Everest’ s expanding Board, following the Company’ s recent appointments of Darryl Page and John Howard. Mr. Levine currently serves on the Board of the American Council of Life Insurers, the Advisory Board for the Tamer Center for Social Enterprise at Columbia Business School and the Board of the Nantucket Boys& Girls Club.
Credit union members are more likely than non-credit union members to have ancillary insurance protections— roadside assistance, vehicle and property protection, extended warranties, etc.— for their high-value purchases, according to a new study. Securian Financial, a provider of insurance and other protection products to credit unions, surveyed just over…
Study: How does flexibility impact life insurance purchase decisions?
In the world of life insurance, guarantees have reigned supreme. But new research suggests flexibility also may be highly valued.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of Everlake Life Insurance Company and Everlake Assurance Company, collectively known as Everlake Life Group. Everlake Life is ultimately owned by Everlake Holdings, LP, and Blackstone Inc. is the ultimate parent company of the general partner of the vehicle…
AM Best has commented that the Credit Ratings of the property/casualty members of Erie Insurance Group and Erie Family Life Insurance Company remain unchanged following the organization’ s announcement that it sustained an information security event, which has resulted in a widespread network outage impacting Erie’ s systems. On June 11, 2025, Erie filed a…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Hyundai Marine& Fire Insurance Co., Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect HMF’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, favourable business profile and…
Discussing the importance of owning life insurance can be a sensitive topic- after all, few people like to talk about death. However, if others depend on your support, or if you have substantial assets that you wish to transfer to future generations, life insurance can be an important financial tool. There are many types of insurance and features for you to consider…
Both the Block 1 CLN and Block 2 CLN are in consideration of a variable funding surplus note issued by Redding Reassurance Company 3 LLC, a Missouri- domiciled special purpose financial captive reinsurer and a direct wholly owned subsidiary of Wilton Reassurance Company. Each VSN supports the excess reserves for a block of life insurance business retroceded…
Carol died peacefully at Berkshire medical Hospital in Pittsfield Massachusetts on June 12, 2025. Carol attended a small grammar school in Albany Vermont and moved at a young age to Lee Massachusetts on High Lawn Farm. She was a home stitcher for Country Curtains, followed by working as a mail distributor for Berkshire Life Insurance Company.
Armed Forces Benefit Association, and its affiliate, 5 Star Life Insurance Company, announced today the appointment of Xianmei Tang as Chief Actuary and Senior Vice President, Actuarial, effective June 13, 2025. AFBA and 5 Star Life appoints Xianmei Tang as Chief Actuary and Senior Vice President, Actuarial. Xianmei Tang, FSA, MAAA, PRM, LTCP, is a seasoned actuarial…
Standard Insurance Company announced today that Latrina Edwards was named second vice president of Litigation and Employment. Latrina Edwards, Second Vice President of Litigation and Employment at The Standard. Edwards earned a bachelor’ s degree in business administration and management from Eastern Michigan University and her Juris Doctor from…
