AM Best has assigned a Long-Term Issue Credit Rating of“ aa” to the $1 billion, 6.17% surplus notes, due 2055, issued by The Northwestern Mutual Life Insurance Company. The outlook assigned to this Credit Rating is stable. The existing ratings of Northwestern Mutual continue to reflect its balance sheet strength, which AM Best assesses as strongest, as well as its…
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Utah regulators withdraw rehabilitation petition against A-Cap insurers
Utah regulators dropped a petition to force Sentinel Security Life Insurance Co. and a pair of reinsurers into court-ordered rehabilitation.
Majesco, a global leader of cloud insurance solutions for insurance business transformation, today announced its participation and spot as a Gold Sponsor of Insurtech Insights 2025. Majesco invites insurance leaders to dare to disrupt outdated business operating models and technology foundations to unlock the future of intelligent insurance at Booth…
Recognizing this coverage gap, MassMutual recently introduced new Group Critical Illness Insurance and Group Accident Insurance products to its voluntary benefits offerings. “MassMutual offers the next generation of products that help reduce the coverage gaps that other plans leave open,” said Shefali Desai, head of worksite with MassMutual.“ We have…
AuguStar touts income potential with new Virtus IUL
AuguStar Life recently took its latest Virtus indexed universal life product to market, a version with much-improved income potential, the…
U-Haul Holding Company, parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, today reported net earnings available to shareholders for the year ended March 31, 2025, of $367.1 million, compared with $628.7 million for the same period last year. We have increased depreciation further to…
F&G Annuities & Life lays off 192 in bid to ‘efficiently scale’ business
F&G Annuities & Life laid off 192 employees across both its home offices in Des Moines, Iowa and remote functions.
Life insurance: Providing cash access and control
With today’s volatile markets, clients are increasingly anxious about having control of their money and easy access to cash.
AM Best is maintaining its negative outlook on Italy’ s life insurance segment. In its new Best’ s Market Segment Report,“ Market Segment Outlook: Italy Life Insurance”, AM Best notes that while it expects premium growth momentum to continue in 2025, insurers in Italy are still facing elevated levels of surrenders which failed to scale down as hoped.
Valmark Advisers, Inc., a leading provider of portfolio management, is pleased to announce an expanded partnership with Lincoln Financial to offer three additional TOPS ® ETF Portfolios, managed by Valmark Advisers, within Variable Universal Life products offered by The Lincoln National Life Insurance Company. Larry J. Rybka, Chairman and CEO of Valmark, is…
AM Best has placed under review with developing implications the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Gulf Guaranty Life Insurance Company. Gulf Guaranty Life was sold to Acturion, LLC in March of 2025. Headquartered in the United States, the company does business in over 100 countries with regional offices in London,…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a+” of RBC Life Insurance Company. The parent bank is a strong organization with approximately CAD 127 billion of IFRS equity at financial year-end 2024 and over CAD 2 trillion in assets. The group earned approximately CAD 16 billion in net income on CAD 57 billion in…
Christian Lassen, a national life insurance attorney and founder of The Lassen Law Firm, was quoted in the Wall Street Journal on May 17, 2025, for his insights into these growing delays and the legal barriers beneficiaries face in getting paid. Lassen is licensed in Pennsylvania, New Jersey, and New York, and represents clients nationwide in all types of life…
What do consumers think about the need for long-term care?
We often read about consumers’ need for long-term care, but what do consumers think about the need for such protection?
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of Symetra Life Insurance Company and its subsidiary, First Symetra National Life Insurance Company of New York, together referred to as Symetra Life Group. Concurrently, AM Best has affirmed the Long-Term ICR of“ bbb+” of Symetra Life Group’ s parent, Symetra…
Thrivent plans to hire nearly 600 new financial advisors in 2025 for a range of roles across multiple advisory models – from employee to independent – with an emphasis on strengthening and expanding advisor teams.
Now, legal documents have been filed by UNUM Life Insurance Company of America with the United States District Court of Vermont requesting that the court intercede on how to handle the money, which otherwise would have gone to Crossman Jr. Unum asked the court to be permitted to remit the death benefits into the registry of the court pending judgement, and that…
Prudential shareholders ask court to OK $10M derivative suit settlement
Prudential Financial shareholders are asking a New Jersey judge to approve a $10 million settlement to end a derivative lawsuit over allegedly withheld mortality data.
TRIAD— A scam making the rounds locally involves an insurance angle, consumer advocates warn. The insurance letter is a variation of a phishing scam designed to trick people into revealing personal information about themselves, said Lechelle Yates, director of communications with the Better Business Bureau of Central and Northwest North Carolina.
Vitality, a leading health and life insurance provider, is working with global analytics software leader FICO to deliver personalised experiences for its 1 million members. Unique in the health insurance market, the Vitality Care Hub powered by FICO ® Platform offers a fully digital journey including instant authorisation, online consultant booking and…
