Month: November 2024

IAIS Finalizes Insurance Capital Framework The International Association of Insurance Supervisors (IAIS) has officially finalized its insurance capital framework, setting new guidelines for internationally active insurers. This significant move by IAIS aims to introduce a standardized approach to measuring risk and capital requirements across global insurance entities. The Importance of Life Insurance Amid New Guidelines […]

Lincoln National Corporation’s Board Declares Quarterly Cash Dividend Lincoln Financial (NYSE:LNC) has announced that its Board of Directors declared a quarterly cash dividend. This move comes as part of the corporation’s ongoing efforts to deliver value to its shareholders. Lincoln National Corporation continues to be a leading light in the financial and insurance sectors with […]

John Hancock Life Insurance Company and Manulife Reinsurance File Forms for New Fund In a recent filing with the SEC, John Hancock Life Insurance Company (USA) and Manulife Reinsurance (Bermuda) are set to introduce a new asset-based lending fund. The move underscores the growing complexity and sophistication in the life insurance sector, particularly as companies […]

Aerospace Meets Insurance: How Life Insurance Can Benefit Amid Evolving Wildfire Risk Models With the advent of advanced satellite technology, the insurance industry is witnessing a paradigm shift in assessing wildfire risks. Traditional risk models often depend on historical data and struggle to keep pace with rapidly changing environmental conditions. However, the integration of satellite […]

Eleventh Circuit Urged to Reevaluate John Hancock’s $100M Tax Credit In recent developments, the Eleventh Circuit Court has been urged to reconsider its ruling that enables John Hancock Life Insurance Co. to retain $100 million in foreign tax credits. This controversial decision has sparked significant discussion about the implications for life insurance policyholders. Life Insurance: […]

A-G Specialty Insurance Acquires Gallagher’s First Agency TPA: A Leap Forward in Life Insurance Solutions In a strategic move that underscores the growing significance of tailored insurance solutions, A-G Specialty Insurance has acquired Gallagher’s First Agency TPA. The acquisition, aimed at enhancing client outcomes through combined expertise, also brings to light the multifaceted benefits of […]

Wells Fargo and Lincoln Financial Win Short-Term Disability Suit In a significant development, Wells Fargo and Lincoln National Life Insurance Co. have secured a notable victory in a short-term disability suit. The ruling was granted by a federal judge, providing a resolution to the long-standing legal battle. Details of the Court Ruling The case revolved […]

The Growing Importance of Life Insurance Amid Evolving Cyber Threats As we approach 2025, the landscape of cyber insurance is experiencing significant transformations. However, equally essential is the increasing relevance of life insurance and its comprehensive benefits, particularly in this era where digital vulnerabilities can have far-reaching impacts on both personal and professional spheres. Cyber […]

RGA Inks $4.1bn Coinsurance Transaction with Manulife’s John Hancock In a landmark move, Reinsurance Group of America (RGA) has confirmed a $4.1 billion coinsurance agreement with John Hancock, the U.S. division of Canada’s Manulife Financial Corporation. This strategic partnership is set to redefine the landscape of life insurance, providing fresh opportunities and benefits for policyholders. […]

RGA, Manulife Subsidiary Seal US$4.1 Billion Reinsurance Agreement Reinsurance Group of America (RGA) and Manulife’s U.S. subsidiary, John Hancock, have entered into a significant reinsurance agreement worth US$4.1 billion. This development marks a major milestone in the insurance industry, underlining the importance and benefits of life insurance. Key Details of the Agreement Both transactions are […]