Life Insurance News

AM Best has upgraded the Financial Strength Rating to A from B++ and the Long-Term Issuer Credit Rating to“ a” from“ bbb+” of GIG Insurance- Egypt S.A.E.. GIG- Egypt is a strategically important subsidiary of GIG, representing its interests in Egypt. GIG- Egypt is expected to benefit from this merger, which will add significant additional capital resources to the company.

The life insurance industry is at an inflection point. According to the J.D. Power 2024 U.S. “Life insurers are facing new communication challenges as they court younger consumers,” said Breanne Armstrong, director of insurance intelligence at J.D. Power.“ Currently, only 29% of life insurance customers‘ strongly agree’ that their insurer makes complex policies…

Oct. 8— PINEVILLE, Mo.— A judge has sentenced Dawn Wynn to life without parole in the fatal shooting of husband Harold Wynn three years ago to collect $100,000 in life insurance. A McDonald County jury convicted the 50- year-old Anderson woman of first-degree murder and armed criminal action at a three-day trial in August, and Judge Kevin Selby assessed her the…

ROCHESTER/ ROCHESTER HILLS/ OAKLAND TOWNSHIP— In the Post's coverage area, voters will decide various state, county and local races Nov. 5. For how long: Grew up in Michigan; I now live on my family farm. Education: Cornell University- College of Agriculture and Life Science, Bachelor's Degree and Columbia University- School of International and Public Affairs, Master…

CC Capital to Invest USD $250 Million in Westaim at CAD $4.75 Per Share Bringing Total Investable Capital Base to Approximately USD $700 Million. Westaim to Invest in Cloud-Native, Highly Scalable Annuities Provider Ceres Life Insurance Company, and Remaining Interests in Arena Investors. NEW YORK& TORONTO—- CC Capital, a private investment firm focused on…

Oct. 8— PINEVILLE, Mo.— A judge has sentenced Dawn Wynn to life without parole in the fatal shooting of husband Harold Wynn three years ago to collect $100,000 in life insurance. A McDonald County jury convicted the 50- year-old Anderson woman of first-degree murder and armed criminal action at a three-day trial in August, and Judge Kevin Selby assessed her the…

This preliminary prospectus supplement and the accompanying prospectus are not an offer to sell these securities, and we are not soliciting an offer to buy these securities, in any jurisdiction where the offer or sale is not permitted. Filed Pursuant to Rule 424 Registration No. 333-270053​ SUBJECT TO COMPLETION, DATED OCTOBER 8, 2024 Preliminary Prospectus…

The Best’ s Market Segment Report,“ Market Segment Outlook: Indonesia Non-Life Insurance,” notes two moderating factors, including pressure that remains on underwriting conditions in core business segments and elevated pricing risk due to rapid growth of the electric vehicle market. “Given the regulatory push to implement the policy in 2025, motor insurance…

The takaful insurance market, valued at $34.75 billion in 2023, is projected to experience significant growth, reaching $85.38 billion by 2032, with a CAGR of 9.41%. Takaful Emarat Insurance Company Hong Leong Assurance Ethica Takaful Insurance SALAMA Cooperative Insurance Company Tokio Marine Life Insurance Malaysia Solidarity Takaful Sudan AlRajhi…

Upstream Holdings, Inc. announced it has received an investment grade rating of“ BBB-” from Egan-Jones Ratings Company, an independent, unaffiliated rating agency, during its rating surveillance period. Upstream Holdings, Inc. is rapidly growing insurance holding company that operates under the brand and trademark Upstream Life™. The Company provides best in…

Corebridge Financial today announced the launch of Corebridge MarketLock ® Annuity, a registered index-linked annuity issued by its subsidiary American General Life Insurance Company. With MarketLock, Corebridge is expanding on what is already one of the broadest and most comprehensive annuity platforms in the industry,” said Bryan Pinsky, President of…

AM Best will sponsor, exhibit and lead a session at the 28th Indonesia Rendez-Vous Conference, which is scheduled for 9-12 October 2024, in Bali, Indonesia. Chris Lim, associate director, analytics, will give a presentation on what AM Best’ s market segment outlook for Indonesia’ s non-life insurance segment will be heading into 2025 during the event, as well as a…

AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Kansas City Life Insurance Company. Additionally, AM Best has revised the outlook of the Long-Term ICR to stable from negative and affirmed the FSR of B++ and the Long-Term ICR of“ bbb+” of Old American Insurance…

New York Life today announced that Vikas Sharma and Achuth Rao have joined the company’ s Artificial Intelligence& Data team as chief data officer and head of AI&D product management, respectively. With more than two decades of experience in data and digital transformation, Sharma joins New York Life in this new role from Farm Credit Bank of Texas.

Document $500,000,000 F&G Annuities& Life, Inc. 6.250% Senior Notes due 2034 We are offering $500,000,000 aggregate principal amount of our 6.250% senior notes due 2034. "If we experience a Change of Control and a Below Investment Grade Rating Event, as described under" Description of the Notes-Repurchase upon Change of Control Triggering Event, "we will be…