Month: August 2024

Prudential Financial Inks Universal Life Block Reinsurance Deal with Wilton Re Prudential Financial has entered into a significant reinsurance agreement with Wilton Re, a move that is expected to generate proceeds exceeding $300 million post-closing. This deal underscores the importance of securing robust life insurance policies, highlighting the plethora of benefits that individuals and businesses […]

Hurricane Ernesto Losses for Puerto Rico Insurers Contained Within Reinsurance Limits Recent assessments indicate that the financial losses from Hurricane Ernesto for Puerto Rico’s insurance companies have been kept within the limits of their reinsurance covers. This comes as somewhat reassuring news for the local market, which has seen steady growth in recent years. Impact […]

The clock is ticking for entries to the prestigious 5-Star Diversity, Equity & Inclusion (DE&I) 2025 awards. With the deadline rapidly approaching, professionals across the insurance sector are urged to submit their entries before time runs out this week. Benefits of Life Insurance in Business/Career and DE&I Life insurance plays an invaluable role in fostering […]

Post-Pandemic Passion Spurs Surge in High-Net-Worth Insurance The COVID-19 pandemic has profoundly impacted many aspects of life, from health to financial stability. One of the more interesting trends emerging from the pandemic is the significant increase in high-net-worth insurance. As people reassess their priorities and future plans, life insurance has seen a considerable uptick in […]

NormanMax launches parametric reinsurance cover for North and South Carolina New product designed for quick and transparent payouts NormanMax, a leading name in the reinsurance industry, has unveiled its latest product: parametric reinsurance cover tailored specifically for North and South Carolina. This innovative product promises swift and clear payouts, marking a significant advancement in the […]

NormanMax Launches Parametric Reinsurance Cover for North and South Carolina In a stride towards more efficient insurance solutions, NormanMax has announced the launch of its new parametric reinsurance cover specifically designed for the North and South Carolina regions. This product is built to provide swift and transparent payouts, addressing ongoing concerns about the speed and […]

American Family Tops J.D. Power Rankings: Implications for Life Insurance Seekers A recent J.D. Power ranking has placed American Family Insurance ahead of industry giants State Farm and Allstate in the assessment of small commercial insurance customers. The survey, which compiled responses from nearly 3,000 small business owners, highlighted American Family’s exceptional performance, a feat […]

TITAN Aerospace Insurance Acquires Plimsoll Specialty Markets In a significant move within the insurance sector, TITAN Aerospace Insurance has announced the acquisition of Plimsoll Specialty Markets. This acquisition coincides with a strategic name change, reflecting TITAN’s commitment to expanding its suite of life insurance offerings. Enhanced Life Insurance Capabilities The merger with Plimsoll Specialty Markets […]

Alliant Insurance Services Brings in M&A Leaders In a significant move for the insurance industry, Alliant Insurance Services has announced the addition of new mergers and acquisitions (M&A) leaders to its team. This shift is aimed at strengthening their practice and providing enhanced services to their clients. New Leadership for Key Practices The insurance giant […]

Domenic J. Bozzi Passes Away, Leaving a Legacy in Insurance Philadelphia mourns the loss of Domenic J. Bozzi, who passed away in 2024. Bozzi had a noteworthy career in the insurance industry, beginning his journey with John Hancock insurance sales, advancing to General Agent, and ultimately establishing his own firm. His professional story underscores the […]