New York Life, America’ s largest 1 mutual life insurer, today announced that Howard Grosfield, Group President of U.S. Consumer Services at American Express Company, has joined the company’ s board of directors, effective immediately. Grosfield is a member of the company’ s Executive Committee and leads a global team responsible for all aspects of American…
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Excess mortality for 65+ adults dropping after COVID-19 peak
Excess mortality for Americans aged 65 or older dropped from more than 20% at the peak of the COVID-19 pandemic to only 1.3% in the past year – according to a new analysis from the Society of Actuaries Research Institute.
Brian Kemp to remove Republican Cobb school board member John Cristadoro from his board position in the wake of Cristadoro's recent legal troubles. Terry Cummings, D- Mableton; Mekyah McQueen, D- Smyrna; Lisa Campbell, D- Kennesaw; and Gabriel Sanchez, D- Smyrna, called on Kemp to invoke his authority to conduct a formal ethics hearing and remove Cristadoro, the school…
Brighthouse Financial, Inc. (NASDAQ: BHF) is one of today’s top gainers. The company’s shares have moved 24.39% on the day to $56.84. Brighthouse Financial, Inc. provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment offers variable, fixed, index-linked, and income annuities for […]
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of KB Insurance Co., Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect KBI’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk…
Affirm, the payment network that empowers consumers and helps merchants drive growth, today announced an expansion of their long-term capital partnership with New York Life, America’ s largest 1 mutual life insurance company. Under the expanded agreement, New York Life will purchase Affirm’ s installment loans on a forward-flow basis between now and December…
Abry Partners, a Boston- based private equity firm, today announced that its portfolio company Portfolio Holding, Inc. has reached an agreement to be acquired by Protective Life Insurance Company, the principal subsidiary of Protective Life Corporation, a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. The transaction is subject to the receipt of…
The annual awards spotlighted the year’s most standout, innovative achievements celebrating Intelligent Insurance. More than 3,000 Guidewire customers and partners were in attendance. “Guidewire is delighted to celebrate the exceptional work of our customers and partners to reinvent and transform the P&C industry,” said Christina Colby, Chief Customer…
Lincoln Financial today reported financial results for the third quarter ended September 30, 2025. Strong financial performance in the quarter demonstrates broadening of momentum and balanced growth across all business segments. Third quarter net income available to common stockholders was $411 million, or $2.12 per diluted share. Third quarter…
Best’s Market Segment Report: AM Best Maintains Stable Outlook on China’s Non-Life Insurance Segment
AM Best has maintained its stable outlook on China’ s non-life insurance segment, citing sustained premium growth supported by new energy vehicles, health reforms and emerging product developments, as well as supportive regulatory policies and initiatives to foster market development. The Best’ s Market Segment Report,“ Market Segment Outlook: China…
Axonic Insurance, a global annuity and insurance platform, today announced a $210 million preferred equity investment led by LuminArx Capital Management, a global capital solutions provider, with participation from Deutsche Bank. Axonic Insurance is an innovative insurance platform that designs, distributes, issues, and manages annuity and related…
AM Best has maintained its stable outlook on Taiwan’ s non-life insurance segment, noting that premium growth prospects remain robust and are supported by steady economic conditions and strong insurance demand. Also underpinning the stable outlook, as detailed in the Best’ s Market Segment Report,“ Market Segment Outlook: Taiwan Non-Life Insurance”, are…
Prudential Financial, Inc. today reported third quarter results. Net income attributable to Prudential Financial, Inc. was $1.431 billion for the third quarter of 2025, compared to net income of $448 million for the third quarter of 2024. The Company’ s ongoing operations include PGIM, U.S. Businesses, International Businesses, and Corporate& Other.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of“ bbb-” of Town& Country Life Insurance Company. The outlook of these Credit Ratings is stable. Concurrently, AM Best has withdrawn the ratings as the company has requested to no longer participate in AM Best’ s interactive rating process.
Pacific Life will invest $12.3 million to open a Charlotte and promises to create several hundred jobs, Gov. Pacific Life will occupy three floors at 68,000 square feet at the Queensbridge Collective at 1111 S. Tryon St. Full occupancy is expected in 2028, Stein’ s office said. Queensbridge Collective is a $700 million mixed-use development featuring 42 stories…
SBLI is pleased to announce a new application and submission process for its OmniTrak and EasyTrak term life insurance products that addresses consumer demand for more immediate and convenient purchasing experiences. SBLI brought its EasyTrak Term to financial professionals earlier this year, providing a modern, seamless purchasing experience that…
Symetra Life Insurance Company announced that Fortune ® magazine and Great Place to Work ®, the global authority on workplace culture, have recognized Symetra on the 2025 Fortune Best Workplaces for Women™ List. To determine the Best Workplaces for Women, Great Place To Work analyzed the survey responses of nearly 605,000 women who work for Great Place To…
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of Massachusetts Mutual Life Insurance Company and its life/health subsidiaries, C.M. Life Insurance Company and MML Bay State Life Insurance Company. Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings of“ aa-” on the surplus notes of…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of Commonwealth Annuity and Life Insurance Company, First Allmerica Financial Life Insurance Company, Forethought Life Insurance Company, Accordia Life and Annuity Company, and its affiliates, Global Atlantic Re Limited and Global Atlantic Assurance…
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of“ bbb+” of CICA Life Insurance Company of America. The outlook of the FSR is stable. Liquidity is enhanced by a $10 million of Federal Home Loan Bank lending capacity and $20 million in a bank line of…
