AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of“ bbb”, and the Vietnam National Scale Rating of aaa.VN of Petrolimex Insurance Corporation. The outlook of these Credit Ratings is stable. The ratings reflect PJICO’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance,…
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AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa” of Minnesota Life Insurance Company and its subsidiary, Securian Life Insurance Company, together referred to as Securian Financial Insurance Group. At the same time, AM Best has affirmed the Long-Term ICR of“ a” of Securian Financial Group, Inc. and the…
Sullivan, who currently serves as executive vice president and head of International Businesses and Global Investment Management, will succeed Charles F. Lowrey.
Allianz Life Insurance Company of North America announced today that its in-plan annuity solution will be available through the nation’ s second-largest retirement plan provider, Empower. Together with Empower, an industry leader and trusted wealth and retirement services provider with over $1.6 trillion in administered assets, Allianz Life could…
U-Haul Holding Company, parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, on December 4, 2024 declared a quarterly cash dividend of $0.05 per share on its Series N Non-Voting Common Stock. U-Haul Holding Company is the parent company of U-Haul International, Inc., Oxford Life…
AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of“ a-” to Sanlam Life Insurance Limited. Sanlam Life is a wholly owned subsidiary of Sanlam Limited, the non-operating holding company of the Sanlam group. Sanlam reported a Solvency Assessment and Management solvency coverage ratio of 166% as at the end of June 2024.
Symetra Life Insurance Company today announced the appointment of Michael Derrig as vice president, chief underwriter, for its Individual Life Division. Michael Derrig, Vice President, Chief Underwriter, Individual Life at Symetra. Mr. Derrig holds an Associate, Academy of Life Underwriting designation.
From time to time, we make written or oral forward-looking statements within the meaning of certain securities laws, including the "safe harbour" provisions of the United States Private Securities Litigation Reform Act of 1995 and any applicable Canadian securities legislation. We may make forward-looking statements in this 2024 Annual Information Form…
This collaboration marks an industry first by introducing Luma’ s advanced technology into AIN Essentials in a single sign-on environment, providing all AIN Affiliates with instant access to an unparalleled suite of resources. “By partnering with Luma, we are ensuring that AIN Affiliates have simplified access to the most advanced technology available,”…
Mercy and Anthem Blue Cross and Blue Shield in Missouri have reached a new multi-year agreement providing Anthem members with continued access to affordable, high-quality care at all Mercy hospitals, outpatient care centers and physician offices across Missouri. With the new contract, Anthem members covered by Anthem employer-based, Medicare Advantage…
Casey Decker, Chief Operating Officer, Sammons Financial Group. As a result, we have created a new Senior Staff position of Chief Operating Officer,” said Esfand Dinshaw, Chief Executive Officer of Sammons Financial Group.“ This role is designed to streamline our operations and enhance our focus to leverage technology, service, and talent to drive scalable growth.”.
Insurance Services, a family-run agency providing health, Medicare, and life insurance, and an affiliate of AmeriLife Group, LLC, announced today that it has acquired One Health Benefits, a full-service independent insurance agency specializing in individual, group and senior insurance solutions. Her passion and dedication align perfectly with our mission…
NEW YORK, November 4, 2024- Brookfield Asset Management Ltd. today announced financial results for the quarter ended September 30, 2024. Connor Teskey, President of Brookfield Asset Management, stated, "We delivered record results in the third quarter, driven by the substantial increase in fee-bearing capital due to strong fundraising, deployment and…
IUL: What agents should know to present an illustration effectively
Indexed universal life’s complexity can make presenting an IUL illustration a challenge.
The average price of hiring a hitman is A $30,000, estimates British journalist Jenny Kleeman in her intriguing and thought-provoking book, The Price of Life. The average price of a ransom: $560,000. The payout to families if one of their loved ones dies in an act of terrorism $75,000.
Seritage Growth Properties, a national owner and developer of retail, residential and mixed-use properties, today announced that on November 27, 2024, the Company has made a voluntary prepayment of $15 million toward its $1.6 billion term loan facility provided by Berkshire Hathaway Life Insurance Company of Nebraska. With the prepayments, the Company has…
Many individuals view a need for long-term care as potentially catastrophic to their retirement and estate plans. With the national average cost of long-term care at nearly $300 per day, it is easy to see why many would feel this way. The thought of diligent saving and preparation for retirement and asset transfer being derailed by a lengthy long-term care need…
The Pennsylvania Insurance Department today announced that, for his advocacy efforts to bring significant consumer protections to Pennsylvanians over the last year, Pennsylvania Insurance Commissioner Michael Humphreys received the National Association of Insurance Commissioners Bonnie Burns Excellence in Consumer Advocacy Award.
The majority of Americans are working toward paying off debt and many worry that their debt will affect their financial future, according to the 2024 Annual Retirement Study from Allianz Life.
The majority of Americans are working toward paying off debt and many worry that their debt will affect their financial future, according to the 2024 Annual Retirement Study* from Allianz Life Insurance Company of North America. The majority of Americans, 55%, say that they are currently working toward paying off debt to meet their long-term financial goals.
