Month: November 2024

Recent developments in the ongoing legal battle between retirement plan trustees and John Hancock Life Insurance Co. have highlighted the importance of considering life insurance’s comprehensive benefits. Trustees are pushing for the Eleventh Circuit to re-examine its decision that dismissed their claims regarding the 401(k) tax credit win. Context of the Legal Dispute The trustees’ […]

Manulife’s Major Reinsurance Deal Highlights the Importance of Life Insurance In a significant move in the life insurance industry, Manulife has solidified its long-term care insurance (LTCI) block reinsurance agreement through its John Hancock unit with Reinsurance Group of America (RGA). The deal, valued at $1.9 billion, continues to show the robust nature of life […]

RGA to Reinsure $4.1bn of Manulife Subsidiary’s Legacy Blocks In an important development for policyholders and stakeholders, RGA Reinsurance Company (RGA) has agreed to reinsure $4.1 billion of legacy blocks from John Hancock, a Manulife Financial Corporation subsidiary. The transactions are on a full-risk basis, with RGA coinsuring 75% quota share while John Hancock retains […]

RGA, Manulife Subsidiary Seal US$4.1 Billion Reinsurance Agreement In a significant move within the insurance industry, RGA and a Manulife subsidiary have finalized a substantial reinsurance agreement valued at US$4.1 billion. The deal primarily covers long-term care (LTC) liabilities and structured settlements, but it also brings to light the importance of comprehensive life insurance coverage […]

John Hancock Adds New Apple Watch Series 10 to its Vitality Program John Hancock has announced the integration of the Apple Watch Series 10 into its Vitality Program, providing eligible life insurance customers with a cutting-edge tool to track their wellness goals and maintain a healthier lifestyle. This integration underscores the evolving landscape of life […]

John Hancock Enhances Life Insurance Offerings with Apple Watch Series 10 Addition PR Newswire – Today, John Hancock announced a significant enhancement to its Vitality Program by offering the latest Apple Watch models to eligible life insurance customers. This innovative move is designed to incentivize healthier living among policyholders and underscores the evolving landscape of […]

Global Reinsurance Thrives Despite Catastrophe Losses – AM Best The reinsurance industry has showcased resilience and stability in the face of mounting catastrophe losses, according to the latest report by AM Best. This positive outlook can be attributed to improved underwriting practices and rising rates that have helped reinsurers navigate the turbulent waters of natural […]

Primary Risk Concerns Across the Insurance Industry Highlight the Benefits of Life Insurance Industry leaders are continually re-evaluating the risk landscape in the insurance sector, with a notable pivot towards comprehensive life insurance coverage. As the insurance market faces unprecedented challenges, innovative product alignment strategies are brought to the forefront to mitigate these risks effectively. […]

Lockton Re and Verisk Partner for Crop Re/Insurance Solutions In a significant move to address climate change risks and bolster agricultural insurance products, Lockton Re has partnered with data analytics giant Verisk. Announced on November 21, 2024, this collaboration aims to develop advanced models specifically designed for the crop re/insurance market. The Importance of Life […]