Month: November 2024

Gallagher Re Highlights APAC Insurance Growth Amid Economic Shifts A recent report by Gallagher Re underscores significant growth in the Asia-Pacific (APAC) insurance market. As economic conditions evolve, various sectors, including life insurance, are experiencing notable expansion. Innovation and Expansion in Life Insurance Amidst these shifts, life insurance solutions have been increasingly sought after, revealing […]

RiverStone Expands Global Reach with $1.2 Billion Legacy Deal with QBE in Bermuda Recent Move Strengthens International Presence RiverStone, a prominent name in the insurance sector, has successfully completed a $1.2 billion legacy deal with QBE in Bermuda reinsurance. The transaction, finalized on November 1, 2024, aims to consolidate RiverStone’s position in the global market. […]

Pro Global Expands Digital Services for Re/Insurance In a significant move aimed at enhancing operational efficiency, Pro Global has announced the expansion of its digital services for the re/insurance sector. This development promises to streamline various processes, benefiting stakeholders across the board and potentially influencing related industries, including life insurance. Automation-Driven Solutions Pro Global’s initiative […]

John Hancock Life Insurance Company and Foreign Tax Credits In recent developments, John Hancock Life Insurance Company has come under scrutiny regarding the retention of certain foreign tax credits linked to its 401(k) plans. The court ruling, however, concluded that John Hancock did not breach its fiduciary duties. This verdict highlights the nuanced and often […]

Surge in Adventure Sports Travel Insurance Market Growth The Adventure Sports Travel Insurance market is witnessing remarkable growth, according to recent reports. Companies like John Hancock, Nationwide, Generali, and Tokio Marine are among the key players driving this expansion. Moreover, geographical analysis points to North America as a significant contributor, showing robust development in this […]

Delos Raises Millions to Expand Wildfire Insurance In a significant move to bolster the wildfire insurance market, Delos has successfully secured $9 million in funding. This strategic capital injection aims to extend the company’s wildfire insurance offerings beyond California, addressing an urgent and growing need for adequate coverage as fires become more frequent and destructive. […]

Lincoln National’s Q3 2024 Financial Results Highlight Need for Comprehensive Life Insurance Solutions In a recently released financial report, Lincoln National Corporation reported a third-quarter net loss of $562 million. While the company’s performance in group protection and retirement plan services showcased some positive metrics, the overall financial health has raised critical discussions surrounding the […]

John Hancock Investment Trust’s Newest Filing Sparks Interest in Life Insurance Benefits John Hancock Investment Trust has filed its latest form 497K, highlighting its commitment to providing diverse investment opportunities. This move is not just a typical filing; it reflects a significant connection to The Manufacturers Life Insurance Company, indicating longer-term financial security for its […]

Remembering G. Drew Hayes Jr. G. Drew Hayes Jr., a seasoned insurance agent who dedicated 30 years to John Hancock Life Insurance Company, has passed away. Drew was also known for his time as a salesman at Dell Chrysler Jeep in Woodbury Heights. The Legacy of a Life Insurance Expert Drew Hayes Jr.’s tenure at […]

Aon Forecasts Stable US Property Re/Insurance After Hurricanes Industry surplus and strong capitalization are providing a stable outlook for the US property re/insurance market despite recent hurricane activity, according to a new report from global professional services firm Aon. The resilience of the industry is underpinned by a combination of solid financial reserves and strategic […]