Continuing to deliver a comprehensive workforce benefits product suite that meets the diverse needs of today’ s employers and their employees, Symetra Life Insurance Company today announced updates to its group accident coverage that include an expanded range of optional benefits designed to support parents, multigenerational households, first…
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Axcelus Financial has appointed Kimberly Gibson to the role of Senior Market Development Manager and Consultant for the company’ s Bermuda operations and Henry Komansky to the position of Group Compliance Officer for Axcelus’ U.S.- based parent company and Chief Risk Officer for the firm’ s Bermuda operations. She has more than twenty-five years of…
U.S. SECURITIES AND EXCHANGE COMMISSION. Eagle Point Credit Company Inc.; Eagle Point Income Company Inc.; Eagle Point Institutional Income Fund; Eagle Point Enhanced Income Trust; Eagle Point Credit Company Sub II LLC; Eagle Point Credit Company Sub Ltd.; Eagle Point Credit Company Sub II Ltd.; Eagle Point Income Company Sub LLC; Eagle Point Income Company Sub II…
Life insurance financial ratings: a system in need of an update?
After a pair of life insurers sued AM Best last year in response to a planned downgrade of their financial ratings, concerns quickly followed.
Wellabe, an Iowa- based provider of health and wealth insurance solutions, expanded its popular Medicare Supplement insurance options to reach 28 states on Feb. 1, including the new states of California, Maryland, and New Jersey. Wellabe’ s Medicare Supplement plan with the optional dental rider is available to customers in Arizona, California, Delaware, Georgia,…
Recent technological advancements have spurred a major transformation in the modern insurance industry. The centuries-old sector has adopted technology at such a rapid rate that digital solutions now play a key role in everything from life insurance to casualty and property insurance, putting technology at the core of nearly every insurance business. The software has become a… […]
Securian Financial has launched two supplemental health insurance products— accident insurance and critical illness insurance issued by Securian Life Insurance Company— tailored for distributors to market to customers of affinity organizations, including financial institutions and associations. Accident insurance provides a lump-sum cash…
Colleen P. Donohoe Colleen Donohoe, P.C. PO Box 10879 Kalispell, Montana 59904 406-309-2470 Attorneys for Applicant MONTANA NINETEENTH JUDICIAL DISTRICT COURT, LINCOLN COUNTY IN THE MATTER OF THE ESTATE OF CAROL ANN GIBBONS, Deceased. NOTICE OF TRUSTEE'S SALE To be sold for cash at a Trustee's Sale on May 19, 2025, at 02:00 PM outside the North entrance to the…
S-3ASR Table of Contents As filed with the Securities and Exchange Commission on January 31, 2025. THE SECURITIES ACT OF 1933. Approximate date of commencement of proposed sale to the public: From time to time after the effective date of this Registration Statement.
Ten insurance company impairments were identified in the U.S. life/health industry for 2023, following none in 2022, according to a new AM Best report. The Best’ s Special Report, titled,“ 2023 US Life/Health Impairments Update,” states that during the 2000-2023 study period, 193 life/health insurers became impaired. Six of the 10 impairments identified for 2023…
The Credit Rating action follows the announcement on 9 January 2025 that Solidarity Bahrain has signed a sale and purchase agreement with Bahrain National Holding Company B.S.C. in relation to the acquisition of 100% of the issued share capital of each of Bahrain National Insurance Company B.S.C. (c) and Bahrain National Life Assurance Company B.S.C. (c)…
The Credit Rating action follows the announcement on 9 January 2025 that SFIC’ s sister company, Solidarity Bahrain B.S.C., has signed a sale and purchase agreement with Bahrain National Holding Company B.S.C. in relation to the acquisition of 100% of the issued share capital of each of Bahrain National Insurance Company B.S.C. (c) and Bahrain National Life…
The Credit Rating action follows the announcement on 9 January 2025 that BNI’ s parent company, Bahrain National Holding Company B.S.C., has signed a sale and purchase agreement with Solidarity Bahrain B.S.C. in relation to the acquisition of 100% of the issued share capital of each of BNI and Bahrain National Life Assurance Company B.S.C. (c) for a total…
2024 life insurance new premium tops $16B, sets new record, LIMRA says
A strong fourth quarter drove life insurance new premium to another record, LIMRA reports.
New York Life, the largest 1 mutual life insurance company in the United States, today announced a planned leadership transition in New York Life Real Estate Investors, the $68 billion real estate investment arm of New York Life. He will report to New York Life Executive Vice President and Chief Investment Officer Tony Malloy and join Malloy’ s senior leadership…
NY appeals court sides with Equitable in lengthy cost-of-insurance lawsuit
Equitable Life Insurance Co. breached no contract terms when it imposed cost-of-insurance charges on a universal life policy, the New York Court of Appeals recently ruled.
AM Best has removed from under review with developing implications and upgraded the Financial Strength Rating to B+ from B and the Long-Term Issuer Credit Rating to“ bbb-” from“ bb+” of Mountain Life Insurance Company. Geographic exposure is expected to diversify over the next two years as the company applies for licenses in most U.S. states. Capital contributions…
Midland National ® Life Insurance Company and North American Company for Life and Health Insurance ®, member companies of Sammons ® Financial Group, Inc., are proud to unveil their enhanced Indexed Universal Life products. Midland National announces Strategic Protector ® IUL 2, and North American announces Protection Builder IUL ® 2.
MetLife, Inc. today announced it is among Fortune magazine’ s 2025 list of the“ World’ s Most Admired Companies.” The annual report card of the best-regarded companies included eight life insurers. MetLife, Inc., through its subsidiaries and affiliates, is one of the world’ s leading financial services companies, providing insurance, annuities, employee benefits…
Amalgamated Life Insurance Company, a leading provider of comprehensive insurance solutions and the flagship company of the Amalgamated Family of Companies, is excited to announce the appointment of Amanda Turcotte, FSA, MAAA, as the new Senior Vice President, Chief Actuary. In this key leadership role, Ms. Turcotte will oversee all actuarial functions,…
