Month: November 2024

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 […]

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 […]