Tikehau Capital, the global alternative asset management group, in partnership with Société Générale Assurances, CNP Assurances and CARAC Group, three leading insurers, announces the launch of an innovative private equity fund dedicated to the strategic sectors of defense, cybersecurity and European security. The fund, structured mainly around…
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Taiwan’ s domestic non-life insurance premium continued to increase in 2024, growing 10.5% to reach TWD 278.5 billion, according to a new AM Best report. The Best’ s Market Segment Report,“ Taiwan Non-Life Segment’ s Operating Performance Supported by Tighter Underwriting Guidelines,” also notes that this segment’ s overall capital& surplus level has continued to…
5 Star Life Insurance Company has achieved a significant milestone for the third year in a row by securing a prominent position on Forbes’ list of the World’ s Best Insurance Companies 2025. This recognition is presented by Forbes and Statista Inc., an industry ranking provider and a leading statistics portal. “It’ s a testament to the trust we’ ve built in the…
Insurers show strongest financial performance in a decade
Publicly traded insurance companies showed strong financial performance in 2024 compared to the prior year, according to an analysis by Compensation Advisory Partners.
Seritage Growth Properties, a national owner and developer of retail, residential and mixed-use properties, announced that today the Company has made a voluntary prepayment of $40 million toward its $1.6 billion term loan facility provided by Berkshire Hathaway Life Insurance Company of Nebraska. With the prepayment, the Company has now repaid a total of…
Jackson National Life Insurance Company ®, the main operating subsidiary of Jackson Financial Inc. 1, today announced it has awarded $900,000 to nonprofits serving the communities where Jackson has offices: Lansing, Michigan; Nashville, Tennessee; and Chicago, Illinois. Jackson has awarded $150,000 each to Lansing- based Haven House, for its housing…
Life insurance sales up 2% in the first quarter, Wink finds
Life insurance sales rose more than 2% in the first quarter, Wink, Inc. found in its Sales & Market Report.
Winged Keel Group today announced the acquisition of BryanMark Group, a St. Louis- based provider of life insurance solutions to affluent and ultra-affluent clients. As part of the acquisition, BryanMark Group founder Jason Hackmann joins Winged Keel as a Principal and will lead the newly established office alongside his team of brokerage service…
Global Indemnity Group, LLC today announced the appointment of Jason C. Murgio, Principal and Chief Executive Officer of Merger& Acquisition Services, Inc., to its Board of Directors, effective June 4, 2025. Mr. Murgio serves as a Principal and the Chief Executive Officer of Merger& Acquisition Services, Inc., as well as a director of each of Investors Heritage Life…
How to use IUL bonuses and multipliers
Indexed universal life insurance policies are increasingly popular, offering a unique blend of life insurance coverage and investment potential.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa” of Mitsui Sumitomo Insurance Company, Limited. Concurrently, AM Best has affirmed the FSR of A+ and the Long-Term ICRs of“ aa” of MSI’ s U.S. operating companies, which are domiciled in New York, NY: Mitsui Sumitomo Insurance Company of America, Mitsui Sumitomo Insurance…
Regulators wave off criticism, adopt reinsurance asset-testing guidance
A state insurance task force adopted a long-anticipated reinsurance asset testing guideline Thursday.
Life insurance application activity showed positive growth in May, the MIB Life Index reported Thursday, up 1.6% year-over-year.
Life premium up in Q1, LIMRA reports; Pacific Life takes over as No. 1
Pacific Life, Nationwide, and Prudential made big moves up the life insurance sales charts during the first quarter, LIMRA reported Wednesday.
According to the Best’ s Market Segment Report,“ Market Segment Outlook: South Korea Non-Life Insurance,” the country’ s non-life insurance industry is facing capital pressure with increasing insurance liabilities, following the Financial Supervisory Service’ s push for more realistic actuarial assumptions and a phased plan to cut discount rates until 2027,…
Penn Mutual, co-defendants, ask court to dismiss lawsuit alleging tax scam
Defendants are asking a California court to dismiss a lawsuit alleging a tax-avoidance scam around Penn Mutual whole life insurance policies.
MassMutual today announced it has appointed David Long, Former Chairman and Chief Executive Officer of Liberty Mutual Insurance, to the company’ s Board of Directors. Long began his career at Liberty Mutual Insurance in 1985, being appointed President in 2010, Chief Executive Officer in 2011 and Chairman in 2013. Under his leadership as CEO, Liberty Mutual…
SWBC Life Insurance Company and SWBC Property and Casualty Insurance Company are proud to announce that AM Best, a globally recognized credit rating agency focused on the insurance industry, has reaffirmed their A- ratings with a Stable Outlook. SWBC Life Insurance Company, a long-standing provider of credit insurance and reinsurance solutions, proudly…
JAB Insurance today announced that Jin Chang will join the firm in July as a Partner, bringing more than 30 years of insurance experience, most recently as Senior Vice President of Finance at Athene, Apollo Global Management’ s U.S. Insurance and Retirement Business. I am delighted to welcome him as a partner in JAB Insurance as we focus on creating a life insurance…
Chris LeClair, a longtime industry veteran, has joined Securian Financial as an external wholesaler for the company’ s Institutional Retirement Solutions business. Chris LeClair, Institutional Retirement Solutions external wholesaler, Securian Financial. “I am thrilled to welcome Chris LeClair, who kick-started his career at Securian Financial and fell…
