Established in 2013, Beibu Gulf Insurance is a non-life insurance company headquartered in Guangxi province, China. Despite being a small-to-medium sized non-life insurer in China, Beibu Gulf Insurance holds a prominent position in Guangxi province, capturing 9% of local market share, in terms of premium income in 2025. Leveraging strong relationships…
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Fifty-one percent of the population of the U.S. has some kind of life insurance coverage in place, and the industry assets cover the equivalent of 41% of the country's collective yearly personal income, according to the Federal Reserve Bank of St. Louis. Meanwhile, ACLI data shows that the annual voluntary surrender rate for individual policyholders is around…
New York Life Investment Management to Acquire Majority Ownership Stake in Invictus Capital Partners
NEW YORK& WASHINGTON—- New York Life Investment Management, a global asset management firm with approximately $838 billion in assets under management, and Invictus Capital Partners, a leading U.S. single-family residential credit investment manager with more than $20 billion in gross assets under management, today jointly announced that they have entered…
Advantage Capital Holdings, LLC today announced that Atlantic Coast Life Insurance Company and Southern Atlantic Re, Inc. have reached an agreement with the South Carolina Department of Insurance to proceed to mediation as the parties work toward resolving their disputes and addressing outstanding regulatory matters. As a result of the SC DOI’ s agreement…
BOSTON — John Hancock announced enhancements to both its Protection IUL 26 product and its term life insurance portfolio, expanding…
MONTPELIER, Vt. — National Life Group announced that two new indexes and four new index crediting options are now available…
Start the conversation with your spouse or partner and then talk to a qualified life insurance professional about options that may be appropriate for your circumstances.The impact of life insurance is significant right here in Illinois. Life insurers paid $5.62 billion in benefits to Illinois families in 2024. Nearly 6 million Illinois residents already…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” of the property/casualty and life/health members of Horace Mann Educators Corporation. The group entered into two separate agreements with Medical Mutual of Ohio to acquire Employee Services, LLC and Reserve National Insurance Company, and to reinsure…
Abacus Global Management, Inc., a financial services company specializing in alternative asset management, with a focus on longevity-based assets and personalized financial planning, today announced the closing of a dual-tranche securitization collateralized by a diversified portfolio of life insurance policies. The total structure is valued at over…
Under the Clarifying Law Around Insurance of Marijuana Act, insurance companies would no longer face federal criminal prosecution for providing insurance to qualifying cannabis businesses. The bipartisan House bill was introduced by Reps. Nydia M. Velázquez and Warren Davidson.
Time to revisit your clients’ life insurance coverage
Our value as advisors often lies in keeping an open line of communication year after year.
Greg Lindberg’s federal RICO lawsuit alleges improper fees and discounted asset sales by insurance regulators.
When an insurer denies a patient's claim, Connecticut residents can fight the decision. Data from the Connecticut Insurance Department identifies insurers and types of claims that are the target of complaints. In 2025, Connecticut policyholders filed over 5,000 complaints with state regulators.
These companies are collectively referred to as Assurant P&C Group. At the same time, AM Best has affirmed the Long-Term ICR of“ a-”, all associated Long-Term Issue Credit Ratings, indicative Long-Term IRs and the Short-Term IR of Assurant. Concurrently, AM Best has affirmed the FSR of A and the Long-Term ICRs of“ a” of Assurant’ s credit and life/health subsidiaries:…
The company is jointly owned by Samsung Fire& Marine Insurance Co. Ltd., Shenzhen Tencent Domain Computer Network Company Limited, and four minority shareholders. The company also benefits from the distribution capabilities and extensive market outreach of Tencent Domain’ s affiliated online platforms and overall management oversight.
Abacus Global Management, Inc., a financial services company specializing in alternative asset management, with a focus on longevity-based assets and personalized financial planning, today announced the closing of a dual-tranche securitization collateralized by a diversified portfolio of life insurance policies. The total structure is valued at over…
With markets at record highs, Americans think the upward trajectory is unsustainable, according to the Q3 2026 Quarterly Market Perceptions Study* from the Allianz Center for the Future of Retirement, part of Allianz Life Insurance Company of North America. About three in four Americans are concerned that recent market highs are unsustainable and the…
Judge: Class action against State Farm over PHL life policies can proceed
Fourteen plaintiffs are suing State Farm and “associates,” alleging that the defendants had a duty to inform them of PHL Variable’s financial troubles.
AM Best has downgraded the Financial Strength Rating to C+ from B and the Long-Term Issuer Credit Rating to“ b-” from“ bb+” of Atlantic Coast Life Insurance Company and Sentinel Security Life Insurance Company. Both companies are collectively referred to as A-CAP Group. Concurrently, AM Best has maintained the under review with negative implications status for…
Protective Life Corporation, a U.S. subsidiary of Daiichi Life Group, Inc., today announced new research from its principal subsidiary, Protective Life Insurance Company, examining how financial professionals can retain client relationships as wealth passes between generations. Conducted in partnership with Greenwald Research, the study focuses on the…
