Year: 2024

Wellington PM Retirement Brings Attention to Life Insurance Benefits Following the announcement that a prominent portfolio manager at Wellington is set to retire, and T. Rowe Price is launching an active municipal bond ETF, financial planners and investors focused their attention on the benefits of comprehensive life insurance coverage. The broader financial implications of such […]

Hall of Fame 2024: Pioneers in Life Insurance Deserve Recognition The anticipation for the Hall of Fame 2024 induction is building, and this year, Insurance Business America aims to honor the top 10 industry veterans. These leaders have made substantial contributions to the field, particularly in the realm of life insurance, a critical financial tool […]

Commonwealth Equity Services LLC Raises Stock Position in John Hancock Corporate Bond ETF Commonwealth Equity Services LLC has significantly increased its stake in the John Hancock Corporate Bond ETF, purchasing 17.5% more shares in the 4th quarter of 2023. This move highlights the growing interest in corporate bond ETFs and points to a broader trend […]

King Insurance Partners Bolsters Leadership as Firm Hits Milestone, Highlighting Importance of Life Insurance King Insurance Partners has made a significant announcement as it celebrates a major milestone, having finalized over 30 acquisitions in the past three years. With this growth, the company is also bolstering its leadership team to better serve its clients’ needs. […]

Business Email Compromise Continues to Be Overlooked as a Major Cyber Threat As highlighted by reinsurance broker Guy Carpenter, the phenomenon of Business Email Compromise (BEC) remains a significant yet underestimated cyber threat. According to a recent report published by the firm, many companies are failing to recognize the severity of this risk, potentially exposing […]

Reinsurance Stocks Show Strong Performance in Q2 According to ACORD Global Stock Index Reinsurance stocks have continued to demonstrate strong performance in Q2 of 2024, significantly contributing to the broader market’s resilience, according to the latest ACORD Global Stock Index report. This steady growth signals the insurance sector’s robustness and highlights the importance of insurance […]

James River Inks Legacy Reinsurance Deal In a move to fortify its risk management strategies, James River has announced a significant legacy reinsurance deal. The agreement, valued at $160 million, offers adverse development reinsurance coverage aimed at mitigating potential future liabilities. This strategic partnership underscores the importance of robust insurance planning, a sentiment echoed by […]

James River Inks Legacy Reinsurance Deal, Highlights Benefits of Life Insurance James River Group Holdings, Ltd. has recently announced a significant step in its strategic initiatives by securing a legacy reinsurance deal valued at $160 million. This move aims to provide substantial adverse development reinsurance coverage and alleviate some of the financial risks associated with […]

Everest Appoints New Chief Ceded Reinsurance Officer Everest Re Group, Ltd. has announced the appointment of a new Chief Ceded Reinsurance Officer who will be instrumental in leading the firm’s Ceded Re strategy out of its London office. This move is expected to significantly enhance Everest’s reinsurance capabilities and strengthen its market presence. The Role […]

Heffernan Insurance Brokers Swoops for Costello Insurance Associates Amid Increasing Life Insurance Demand In a strategic move to expand its range of services, Heffernan Insurance Brokers has acquired Costello Insurance Associates. This acquisition comes at a time when the demand for life insurance is surging, largely due to growing awareness of its myriad benefits. A […]