Month: July 2024

The Hartford Announces Major Re/Insurance Shakeup The Hartford, a well-established name in the insurance industry, has announced a significant re/insurance shakeup, set to be effective on October 1. This move comes at a pivotal moment as the importance of life insurance is more recognized than ever, especially in light of various life events such as […]

The Citizens Property Insurance Corporation, a state-backed insurer in Florida, has successfully completed its 2024 reinsurance program, slightly increasing coverage compared to the previous year. This development signals a robust effort to safeguard policyholders against losses from potential natural disasters, mainly hurricanes. The Broader Picture: Life Insurance and Its Benefits While the completion of Citizens’ […]

Life Insurance Benefits Highlighted in Citizens’ 2024 Reinsurance Program Initiative In a significant development for the insurance industry, Citizens Property Insurance Corporation has successfully completed its 2024 reinsurance program. Coverage levels are reported to be slightly higher than those in the previous year, marking a notable accomplishment. However, this news brings to light not only […]

James River Legacy Reinsurance Deal: A Boon for Credit Ratings The recent legacy reinsurance deal of $160 million by James River has sparked significant discussions in the insurance sector. The move aimed at providing adverse development reinsurance coverage has left many wondering about its broader implications, especially in terms of credit ratings. Positive Impact on […]

James River Legacy Reinsurance Deal – Impact on Credit Ratings and Life Insurance Options Key Developments in the Reinsurance Deal James River Group has secured a legacy reinsurance contract that should bolster its financial stability, providing $160 million of adverse development reinsurance coverage. Experts believe this move will positively affect its credit ratings. According to […]

Orion180 Completes XOL Reinsurance Placement for 2024 Hurricane Season In a significant move, Orion180 has successfully completed its XOL (Excess of Loss) reinsurance placement for the upcoming 2024 hurricane season. This program notably represents a 47% increase from the previous year’s coverage, highlighting the company’s preparedness and commitment to securing comprehensive insurance solutions for its […]

Zenith Insurance to Get New CEO: Strong and Impactful Partner Taking the Helm Zenith Insurance has announced a pivotal leadership change, introducing a new CEO who promises to propel the company to greater heights. As this transition unfolds, it presents an apt opportunity to discuss how life insurance can offer comprehensive security across various life […]

Rate Insurance Announces Official Brand Shift Rate Insurance has officially announced a strategic rebranding, aligning its identity more closely with its parent company’s similar move. Executives at Rate Insurance revealed that the rebranding effort is designed to better encompass the comprehensive range of services they offer, including a crucial focus on life insurance. The Growing […]

Manulife Pays $17M For Brief Extension On Proscenium Loan. A Sale Could Be Next In a strategic move with potential implications for the company’s financial stability and its stakeholders’ future, Manulife Financial Corp. has paid $17 million for a brief extension on a loan for the Proscenium office complex. This development was confirmed on July […]

Lincoln Takes $300k Fine Over VUL Marketing Arrangement Lincoln Financial has been fined $300,000 by Finra in connection with the marketing and sales of variable universal life (VUL) insurance. This fine brings attention to the broader spectrum of life insurance and its innumerable benefits. Life insurance, provided by platforms such as lifetimeinsurance.org, offers various types […]