Month: September 2024

IFRC Announces First-Ever Insurance Payout for Disaster Fund In a landmark move, the International Federation of Red Cross and Red Crescent Societies (IFRC) has announced the first-ever insurance payout for its disaster fund. This initiative underscores the escalating need for robust humanitarian aid mechanisms amid increasing global crises. Life Insurance: A Crucial Safety Net The […]

Dale Underwriting Partners Welcomes Paul Daniel as Head of Global Reinsurance In a strategic move to bolster its international dominance, Dale Underwriting Partners has announced the appointment of Paul Daniel as Head of Global Reinsurance. Tasked with expanding Lloyd’s Syndicate 1729’s treaty capabilities, Daniel’s extensive expertise in the reinsurance sector is poised to bring significant […]

Essent Secures $363.4 Million in Reinsurance Coverage In a significant move, Essent Group Ltd. has announced the successful securing of $363.4 million in reinsurance coverage through the issuance of mortgage insurance-linked notes. Unique Financial Safeguard: Life Insurance and Its Benefits This development underscores the critical role of insurance in financial security. In addition to mortgage […]

John Hancock Funds II Reports for July 31 In a recently filed Form N-CSR for July 31, John Hancock Funds II has provided detailed disclosures regarding its investment strategies and performance. Operating under the umbrella of the globally recognized John Hancock Insurance Company, these funds are managed and licensed by John Hancock and its affiliates. […]

Monarch E&S Swoops for Professional Insurance Executives In a strategic acquisition, Monarch E&S Insurance Services has successfully taken over Professional Insurance Executives (PIE), signaling a significant step in the insurance industry. The founder of PIE described the acquisition as an “incredible opportunity” for growth and innovation. Life Insurance Solutions to Expand Post-Acquisition One of the […]

Independent P&C Insurance Agencies in the US – How Are They Doing? A comprehensive study has shed light on the current state of independent property and casualty (P&C) insurance agencies in the United States, revealing a mix of concerns, challenges, and coping mechanisms that these firms are employing. Top Concerns and Challenges The study identifies […]

Insurance Hires: BenefitMall’s Nevin and Crump’s Miks In a noteworthy development in the insurance sector, industry veterans Nevin and Miks have taken new roles as sales executive and regional director at BenefitMall and Crump, respectively. This move highlights the evolving landscape of career and business insurance, an area that can significantly benefit from life insurance […]

Life Insurance: A Safety Net Honoring Bobby Dawson’s Legacy The recent passing of Bobby Dawson, a former employee of John Hancock Insurance and a notable car salesman, catalyzes a renewed discussion on the importance of life insurance. Bobby’s legacy shines a spotlight on how life insurance can safeguard your loved ones and provide financial security […]

Streamlining Policy Issuance and Servicing with BPO: Key Benefits for Insurance Carriers In the ever-evolving insurance industry, efficiency and accuracy in policy issuance and servicing are crucial to maintaining competitiveness and delivering a superior customer experience. Insurance carriers are under constant pressure to optimize their operations while accommodating the increasingly complex needs of their clients. […]

John Hancock Variable Insurance Trust’s New Update: A Closer Look at Life Insurance Benefits The recent prospectus supplement by John Hancock Variable Insurance Trust (the Trust), dated September 26, brings forward some pivotal updates to its High Yield Trust (the Fund). However, this development is not just important for those directly involved; it underscores the […]