AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of RGA Reinsurance Company, RGA Americas Reinsurance Company Ltd, RGA Life Reinsurance Company of Canada, Aurora National Life Assurance Company and RGA Life and Annuity Insurance Company. These companies are subsidiaries of Reinsurance Group of America,…
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Life insurance and annuity sales: What’s ahead for 2025?
Variable universal life and registered index linked annuities are expected to see the highest percentage of growth across life and annuity products in 2025, two LIMRA executives said during a recent webcast.
Note: All dollar amounts are expressed in Canadian dollars and references to "dollars" or "$" are to Canadian dollars, unless otherwise stated. A global financial services company. Financial Strength Ratings 3, Regulatory Capital and Liquidity.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Etiqa General Insurance Berhad. The outlook of these Credit Ratings is stable. In addition, the ratings factor in a neutral impact from the company’ s ultimate majority ownership by Malayan Banking Berhad, one of the largest financial services groups…
Jan. 7— BOSTON— UnitedHealth Insurance and affiliated companies were ordered to pay $165 million in restitution for engaging in deceptive sales schemes against Massachusetts residents, Attorney General Andrea Joy Campbell announced. Campbell said Monday her office has obtained a favorable order from Suffolk Superior Court against three UnitedHealth…
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AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of BMO Life Assurance Company. The outlook of these Credit Ratings is stable. The company distributes its products through a large network of sales agents across Canada and direct-to-consumer channels.
BOSTON— UnitedHealth Insurance and affiliated companies were ordered to pay $165 million in restitution for engaging in deceptive sales schemes against Massachusetts residents, Attorney General Andrea Joy Campbell announced. Campbell said Monday her office has obtained a favorable order from Suffolk Superior Court against three UnitedHealth…
Ares Management Corporation, a leading global alternative investment manager, announced today that it has raised over $2.3 billion of equity commitments from third parties, Ares and affiliates of Ares to support the long-term growth of Aspida Holdings Ltd.. Aspida is a life insurance and annuity company based in Durham, N.C. and supported by the Ares…
Nuveen Municipal Credit Opportunities Fund Table of Contents As filed with the U.S. Securities and Exchange Commission on January 8, 2025. Nuveen Floating Rate Income Fund. 333 West Wacker Drive Chicago, Illinois 60606.
U-Haul Holding Company, parent of U-Haul International, Inc., North America’ s largest“ do-it-yourself” moving and self-storage company will participate in the KeyBanc Capital Markets Self-Storage Investor Forum on Thursday, January 9, 2025 in New York City. U-Haul Holding Company is the parent company of U-Haul International, Inc., Oxford Life Insurance…
National Life: plaintiff promotes ‘odd theory’ in IUL lawsuit over 0% return
Claiming that a plaintiff’s lawsuit over a disappointing indexed universal life return rests on “an odd theory,” NLV Financial Corp. is asking a Vermont court to dismiss the complaint.
AUSTIN, Texas& BIRMINGHAM, Ala.—- Ethos announces that Protective Life Corporation, and its primary subsidiary Protective Life Insurance Company, is now offering proprietary Term Life Insurance directly to consumers through Ethos’ platform. Protective will be a new provider for the Ethos term product suite, providing customers with term periods from 10-40…
BOSTON— UnitedHealth Insurance and affiliated companies were ordered to pay $165 million in restitution for engaging in deceptive sales schemes against Massachusetts residents, Attorney General Andrea Joy Campbell announced. Campbell said Monday her office has obtained a favorable order from Suffolk Superior Court against three UnitedHealth…
Adults aimed to save $8,505.89 on average and actually saved $7,460.94– marking an improvement from 2023, when adults aimed to save $7,435.57 and saved $6,138.06 on average. The top three words adults used to describe their finances at the end of 2024 heading into the new year are: hopeful, stressed, and anxious, mirroring the top emotions reported at the end of…
AI: achieving a balance of efficiency, accuracy in in life insurance underwriting
By combining human expertise with AI’s processing power, carriers can make progress in achieving a balance between efficiency and accuracy in underwriting.
Globe Life fends off shareholder lawsuits alleging the company misled investors
A Texas judge consolidated two of multiple lawsuits Friday alleging that Globe Life Insurance Co. misled investors.
Three UnitedHealth insurance companies will pay millions to Massachusetts consumers and the state for“ particularly egregious” deceptive conduct, according to a Suffolk Superior Court order published last month. The Attorney General’ s Office filed a civil complaint against HealthMarkets, Inc. and its subsidiaries the Chesapeake Life Insurance Company…
AmeriLife Group, LLC, a national organization that develops, markets, and distributes life and health insurance, annuities, and retirement planning solutions, announced today that it has entered into an agreement to acquire Crump Life Insurance Services and Hanleigh Management from TIH Insurance Holdings, LLC. "We are thrilled to welcome Crump into the…
How the life insurance industry can restore its relevance
Structural forces that could help the industry find new life.
