Offshore reinsurance gives life insurers more options to invest their capital, with access to increased scale and new business volumes. But is it financially sound?
Thrivent announced a refreshed brand and new marketing tagline, “Where Money Means More.”
Presented below is more detail on the recent developments and accomplishments relating to our growth strategy:• Connecticut Acquisition-Marketplace and Medicare. Effective February 1, 2025, we closed on our acquisition of ConnectiCare Holding Company, Inc., a wholly owned subsidiary of EmblemHealth, Inc. ConnectiCare is a leading health plan in the state…
Insurance and financial plans go hand in hand.
We will pay interest on the notes at a rate per annum of compounded SOFR, as described herein, plus 0.97%, subject to the minimum interest rate of 0.50% per annum, to be payable quarterly on March 17, June 17, September 17 and December 17 of each year, beginning June 17, 2025 until March 17, 2032. You should read the disclosure herein to better understand the terms and…
The American Council of Life Insurers released a report that highlights how private insurance products can save billions in federal spending by reducing dependence on Social Security and Medicaid. For Social Security retirement income, delaying benefits–often enabled by life insurance and annuities–yields a net present value savings of $11 billion…
My parents have been State Farm holders since 1985, first as renters, then homeowners, and they eventually put their life insurance and car insurance in the company’ s hands, too. So when I bought my own home in 2022, there was never any doubt for me who I’ d go with for insurance: State Farm. In addition, to raise its rates, Lara stipulated that the California arm of the…
As filed with the Securities and Exchange Commission on March 14, 2025. THE SECURITIES ACT OF 1933. If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting…
1293 South Main Street- Akron, Ohio 44301. 2024 was a year of transformation at Myers Industries. Aaron has significant experience leading global industrial businesses, having previously spent eight years in a variety of senior leadership roles at Valmont Industries Inc., a leading manufacturer and global provider of equipment and technology solutions for…
Insurance executives are optimistic about the major trends influencing their industry, but remain aware of critical risks to their organization.
A group of 29 plaintiffs claim that Penn Mutual Life Insurance Co. and several co-defendants ran a tax-avoidance scam around whole life insurance policies.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa” of the life insurance subsidiaries of Western& Southern Financial Group, Inc.. The WSFG subsidiaries included in this rating unit are The Western and Southern Life Insurance Company, Western-Southern Life Assurance Company, Columbus Life Insurance Company,…
AM Best has commented that the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of the primary life insurance subsidiaries of Protective Life Corporation, collectively known as Protective, remain unchanged following an announced reinsurance arrangement under which it will cede $9.7 billion of reserves to Resolution Life…
The 6.700% Fixed-to-Fixed Reset Rate Junior Subordinated Debt Securities due 2055, or the " junior subordinated debt securities," are our unsecured, subordinated debt instruments and will bear interest from the date they are issued to, but excluding, March 28, 2035, at an annual rate of 6.700%, and from, and including, March 28, 2035, during each interest period at…
The amount of interest that you will be paid on each interest payment date will be based on the number of scheduled U.S. government securities business days in the relevant interest period on which the then-applicable 10- year CMT rate is equal to or less than 5.00% and the interest factor of 8.00%. Interest related to an interest payment date will be determined…
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of Mutual of Omaha Insurance Company and its subsidiaries, United of Omaha Life Insurance Company, Companion Life Insurance Company and United World Life Insurance Company. The company has good liquidity with access to an unsecured credit facility, as well as…
A Utah judge paused an emergency order banning Sentinel Security Life Insurance Co. from writing new business nationwide.
In 2024, more than 1,700 employees at Standard Insurance Company donated more than $2 million through the company’ s employee giving program— Employee Giving 365— benefiting 2,739 schools and nonprofit organizations across the nation. After a dollar-for-dollar match from both The Standard and its parent organization Meiji Yasuda Life Insurance Company,…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” of Fidelity& Guaranty Life Insurance Company and Fidelity& Guaranty Life Insurance Company of New York. These subsidiaries of Fidelity& Guaranty Life Holdings, Inc., are referred to collectively as Fidelity& Guaranty Life Group. In addition, FGL has financial…
Profitability will be the biggest top-of-mind issue for insurers in 2025, while advanced data and analytic technologies will be insurers’ top strategic priority this year.
