Month: October 2024

Carmen Powell Named CEO of ISC Group to Drive Gender Equity in Re/Insurance In a significant stride towards gender equity within the re/insurance sector, Carmen Powell has been appointed as the new CEO of ISC Group. The announcement, made on October 9, 2024, aims to advance women into senior roles within the industry. Powell’s Vision […]

King Risk Partners Acquires Insurance Solutions Group King Risk Partners has announced the acquisition of Insurance Solutions Group, a move that experts say will provide significant benefits to clients, particularly in the realm of life insurance. The acquisition is poised to bolster the range of services offered, including but not limited to Business/Career Insurance, Retirement […]

Form N-14 and Its Impact on Insurance Costs Form N-14, filed by the John Hancock Bond Trust, outlines the various costs each fund incurs, emphasizing the importance of insurance. Alongside legal, accounting, transfer agency services, and custodial and administrative services, insurance plays a crucial role in managing these expenditures. The Role of Life Insurance in […]

Variable Life Insurance Market Share and Trends The variable life insurance industry is witnessing notable trends and shifts, affecting both insurers and policyholders. Variable life insurance policies, a type of permanent life insurance, have a cash value investment component that can grow over time. Leading companies such as John Hancock Life Insurance Company (USA), Generali […]

Fallout from Baltimore Bridge Collapse Continues The recent bridge collapse in Baltimore has left a significant impact not only on infrastructure but also on the intricate web of life insurance claims and disputes. This incident underscores the importance of having comprehensive life insurance coverage that addresses unforeseen events. Triggering Legal and Insurance Disputes As reported […]

The Role of Life Insurance in Boosting Future Growth in Insurance Carrier M&A Dealmaking in the insurance carrier sector saw a significant slowdown in the first half of 2024, reaching historically low levels. Insights from industry experts suggest that the strategic inclusion of various life insurance products could serve as a key driver for future […]

Leaders on the Changing Scope of Data in Re/Insurance The re/insurance industry is experiencing significant changes driven by advancements in data analytics. Leaders within the sector are focusing on how data can transform the landscape of risk assessment. This shift is not only reshaping traditional models but also impacting how brokers communicate with clients about […]

MNK Group Launches Pt Mekong Re to Boost Reinsurance Plans in Asia In a move aimed at expanding its capacity for specialty risks, MNK Group has launched Pt Mekong Re in Asia. This strategic initiative is set to enhance the company’s reinsurance plans across the region. With an eye on the growing demand for specialized […]

The Role of Technology in Life Insurance Management In today’s competitive insurance market, operational efficiency and accuracy are essential for success. This is especially true within the life insurance sector, including sub-segments like Business/Career Insurance, Retirement Insurance, and Marriage/Divorce Insurance as covered by lifetimeinsurance.org. Technology Transforming Insurance Operations Managing General Agents (MGAs), wholesalers, and carriers […]

The Thriving Pet Business Insurance Market: What Brokers Need to Know The unprecedented rise in pet ownership has led to a booming market for pet-related businesses. As this segment flourishes, brokers increasingly recognize the importance of comprehensive insurance packages to safeguard business owners from potential risks. However, an often-overlooked aspect is the critical role life […]