Globe Life selling a lot of life insurance, paying heavy litigation costs
Globe Life executives might be living in a swirling storm of controversy, but it didn’t impact life insurance sales during the fourth quarter.
Lincoln Financial execs hail strong annuity sales; life business in ‘transition’
Like its competitors, Lincoln Financial is riding huge annuity sales while setting up Bermuda reinsurance and watching interest rates.
State Street study looks at why AUM in model portfolios is increasing
Advisors reported having increased their current assets under management in model portfolios, according to State Street Global Advisors
Prudential: big Q4 sales, record PRT deals and an executive shakeup
From a sales standpoint, a lot went right for Prudential Financial in Q4, and the year as a whole.
Supreme Court to look at ERISA rules in upcoming Cornell case
How much proof of mismanagement or financial malfeasance do you need before you can legally accuse your retirement plan of ripping you off?
Globe Life: 2024 data breach far more extensive than initially reported
Globe Life revealed last week that a 2024 data breach might be far more widespread than it initially reported.
Apollo touts Athene annuity sales, sees ‘robust future’ in other products
Higher fee revenue and strong retirement products drove another strong quarter for Apollo Global Management.
Emerging workplace benefit trends for 2025
What are some of the emerging trends in employee benefits in 2025? We ask an expert what employees are looking for.
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.
Study: Do most affluent investors prefer a single financial services provider?
When it comes to affluent investors, do they prefer having multiple specialists or a single financial services provider?
Newly patented AI insurance pre-qualification tool goes a step further
A newly patented AI-powered insurance software tool takes the pre-qualification process a step further, say its developers.
Should oil, gas co.’s be accountable for climate change-related disasters?
A California lawmaker has filed a bill to make oil and gas companies accountable for climate change-related natural disasters.
Regulator group aims for reinsurance asset testing guideline by June
The Life Actuarial Task Force exposed a new version Thursday of its proposal for tougher asset adequacy testing on offshore reinsurance deals.
Cigna to ‘listen to the public narrative,’ promises pharmacy benefit reforms
Cigna executives kicked off Thursday’s earnings call by responding to pharmacy benefit manager critics with a number of reforms.
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.
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.
Called ‘duplicative bureaucracy,’ Federal Insurance Office is targeted
Republican Rep. Troy Downing has made abolishing the Treasury Department’s Federal Insurance Office his priority as a freshman congressman.
2024 insurance agency mergers slow, show signs of surge in 2025
There were 750 announced insurance agency mergers and acquisitions in 2024, down about 10% from the 833 reported in 2023.
LIMRA: 2024 retail annuity sales set $432B record, but how does 2025 look?
Total 2024 annuity sales were up 12% over 2023 and nearly 40% over 2022, according to preliminary results from LIMRA’s U.S. Individual Annuity Sales Survey.
