Month: August 2024

Jerry Cacciotti, Veteran Insurance Professional and Enthusiastic Coin Collector, Dies at 89 Jerry Cacciotti, an esteemed insurance professional with a remarkable 35-year career at John Hancock Insurance Company, has passed away at the age of 89. Jerry’s legacy is marked not only by his professional achievements but also by the profound impact of life insurance […]

Dedicated Reinsurance Capital Sees Upward Trend Amid Hard Market Conditions The landscape of reinsurance capital is witnessing a robust increase, showing no signs of deceleration, according to the latest report from AM Best. This upward trend is notable given the prevailing hard market conditions. Role of Life Insurance in Reinsurance Growth Life insurance plays a […]

Compre Completes Legacy Reinsurance Transaction with Accelerant Compre recently completed a significant legacy reinsurance transaction with Accelerant, providing approximately $150 million in coverage. This partnership is set to bring substantial benefits not only to the companies involved but also to those who depend on life insurance for financial security and peace of mind. The Benefits […]

Nissan Global Reinsurance Ratings Affirmed by AM Best In significant industry news, AM Best has affirmed the financial strength and credit ratings of Nissan Global Reinsurance. Despite a decrease in the firm’s total surplus over the past five years, its ratings remain solid according to the latest evaluation. AM Best’s Evaluation of Nissan Global Reinsurance […]

Ascot Launches Unified Capital Management Platform Leading re/insurance provider Ascot has announced the launch of a groundbreaking unified capital management platform designed to streamline its financial operations. This significant development is set to provide robust support to its diverse lines of business, including life insurance policies, which are vital for safeguarding the financial futures of […]

PCF Insurance Services Acquires 360 Insurance In a strategic move aimed at expanding its portfolio, PCF Insurance Services recently announced its acquisition of 360 Insurance. The acquisition is seen as a perfect fit due to the complementary nature of both companies’ services and market positioning. Enhancing Business and Career Insurance Offerings PCF Insurance Services is […]

Global Insurance Spending Poised to Approach $10 Trillion by 2028 As the world gears up for unprecedented expansion in the insurance sector, life insurance is emerging as a pivotal factor, offering numerous benefits tailored to different life stages and personal circumstances. According to a recent report, global insurance spending is expected to reach nearly $10 […]

Lincoln National Corporation’s Board of Directors Declares Quarterly Cash Dividend Lincoln Financial Group has recently announced the declaration of a $0.45 quarterly dividend, payable on November 1. This decision highlights the company’s steady financial performance and commitment to providing value to its shareholders. For those interested in more than just dividends, Lincoln Financial Group’s offerings […]

Wealth Enhancement Advisory Services LLC Increases Stock Position in Selective Insurance Group, Inc. In a significant financial move, Wealth Enhancement Advisory Services LLC has bolstered its stock holdings in Selective Insurance Group, Inc. (NASDAQ:SIGI), reshaping its investment strategy in the insurance sector. This action aligns with the growing interest in comprehensive life insurance products that […]

Reinsurance Milestones from a Fast-Growing Firm The reinsurance sector is witnessing rapid growth, and one firm that’s making significant strides is shedding light on its strategic moves. Recently, the CEO and CCO of the company broke down the next steps for their expanding business and how they plan to navigate the complexities of the market. […]