AM Best has commented that the Credit Ratings of Horace Mann Educators Corporation and its subsidiaries remain unchanged following the announcement of its transaction with Medical Mutual of Ohio to acquire Employee Services, LLC and Reserve National Insurance Company. Additionally, Horace Mann will reinsure MedMutual Life Insurance Company’ s group…
More Stories
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Hanwha General Insurance Company Limited. The outlook of these Credit Ratings is stable. The ratings reflect HGI’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and…
Globe Life boosts Q2 earnings, eyes AI shift for long-term growth
Globe Life reported higher second-quarter earnings Wednesday, driven by continued underwriting strength and strong health sales.
The following information was released by the office of the Iowa Attorney General:. Here, Bristol Myers Squibb, a pharmaceutical company, moved their employee pension plan to Athene, an Iowa company under the regulation of the state of Iowa. "States, including Iowa, have an impeccable history of protecting pensions for retirees," said Attorney General Bird.
AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of“ bbb+” and the Vietnam National Scale Rating of aaa.VN of Bao Viet Insurance Corporation. The outlook of these Credit Ratings is stable. The ratings also factor in rating enhancement from BVGI’ s parent, Bao Viet Holdings, a major finance and insurance group in Vietnam.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aaa” of New York Life Insurance Company, New York Life Insurance and Annuity Corporation, Life Insurance Company of North America, New York Life Group Insurance Company of NY and NYLIFE Insurance Company of Arizona. All companies are referred to as New York Life and…
Agentic AI is transforming insurance sales both for consumers and agents
The use of agentic AI in the insurance industry has positively impacted sales by empowering consumers and helping less experienced agents overcome barriers, according to an industry expert.
USAA Life Insurance Company is expanding its life insurance portfolio to serve families across generations with the launch of USAA Secure Start Whole Life.
According to the Best’ s Market Segment Report,“ Market Segment Outlook: South Korea Non-Life Insurance,” the country’ s regulatory environment supports the stable outlook as regulatory changes are strengthening capital quality, solvency resilience and consistency in IFRS 17 reporting. These efforts could support earnings diversification and long-term…
SPRINGFIELD, Ill.& CLEVELAND—- Horace Mann Educators Corporation and Medical Mutual of Ohio today announced they have entered into two separate agreements under which Horace Mann will acquire the employee assistance provider Employee Services, LLC through the acquisition of ESI membership interests, and separately, will acquire an individual…
Regulators: ‘No firm conclusions’ from first offshore reinsurance filings
State insurance regulators have begun reviewing the first round of reserve adequacy reports required under a new reinsurance guideline.
After decades of saving, many Americans struggle with the idea of actually spending their retirement savings, according to the 2026 Annual Retirement Study* from the Allianz Center for the Future of Retirement, part of Allianz Life Insurance Company of North America. Seven in 10 working Americans say they anticipate being reluctant to spend money in…
The next growth phase in life/annuities depends on modernization
As the life and annuity market continues to grow, the next phase of that growth will depend on how well the industry modernizes the sales, service and back-office workflows that turn consumer interest into completed protection.
How can more Americans achieve financial independence?
The latest 2026 Planning & Progress Financial Independence Study from Northwestern Mutual shows just how exposed many Americans are feeling.
AM Best has assigned a Financial Strength Rating of B+, a Long-Term Issuer Credit Rating of“ bbb-” and a Philippines National Scale Rating of aa.PH to MAAGAP Insurance Inc.. The outlook assigned to these Credit Ratings is stable. The ratings reflect MAAGAP’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance,…
Critical care riders: the living benefit more clients should understand
Critical care riders transform life insurance from a product that only pays out when someone passes away into a policy with living benefits.
Shares of Globe Life Inc. (NYSE: GL) traded at a new 52-week high today and are currently trading at $183.65. So far today, approximately 106.34k shares have been exchanged, as compared to an average 30-day volume of 690.98k shares. Globe Life Inc. delivers diverse life insurance and supplementary health coverage, alongside annuity products, targeting households […]
These subsidiaries— Sagicor Life Inc. and Sagicor General Insurance Inc., Sagicor Life Insurance Company and ivari— collectively are referred to as Sagicor Financial by AM Best and represent the organization’ s Canadian, United States and a portion of the Caribbean operating companies. In addition, AM Best has upgraded the Long-Term ICR to“ bbb” from“ bbb-” and the…
Trust, technology and the future of claims
As artificial intelligence increasingly shapes life insurance operations, the industry faces a critical challenge
New York Life announced the launch of an indemnity benefit payment option for Asset Flex, its hybrid long-term care insurance solution combining long-term care and universal life insurance. “We know that 70% of Americans turning 65 will need some form of LTC 1, but LIMRA research finds only 3% over age 50 own any long-term care insurance 2,” said Ruby Grace Reyes,…
