Year: 2024

RGA Inks Reinsurance Transaction with Korean Life Insurer Reinsurance Group of America (RGA), a worldwide leader in life and health reinsurance, has announced a groundbreaking agreement with a major Korean life insurance provider. This marks the first cross-jurisdictional coinsurance deal in South Korea, signifying an important development in the global insurance market. The Benefits of […]

Lemonade Announces Renewal of Reinsurance Program Lemonade, a leading insurance technology company, has announced the renewal of its reinsurance program, maintaining its core 55% quota share protection. This initiative underscores the company’s commitment to safeguarding its policyholders and ensuring robust financial stability. However, what’s often overlooked in such discussions is the critical role life insurance […]

Lemonade Announces Renewal of Reinsurance Program In a strategic move aimed at bolstering its financial stability, Lemonade has announced the renewal of its reinsurance program. This renewal highlights the continuation of their core strategy, with 55% quota share protection remaining intact. This news marks a significant moment for those invested in or considering life insurance, […]

BMS Bolsters Japan Presence with New Director BMS, a prominent player in the reinsurance sector, has recently expanded its footprint in Japan by appointing a new director with a diverse background in legal, investment banking, consulting, and insurance. This move signifies BMS’s commitment to strengthening its operations in the Asian market. Enhancing Workforce Diversity The […]

BMS Bolsters Japan Presence With New Director In a strategic move to enhance its operations in the East, BMS has announced the appointment of a new director for its Japan division. This noteworthy addition not only reinforces BMS’s commitment to expanding its footprint in Asia but also highlights the increasing relevance of life insurance in […]

Life Insurance: A Crucial Safety Net Amidst Regulatory Actions In a significant regulatory move, the Office of the Insurance Commissioner has ordered Unite Health Share Ministries (UHSM) to cease selling insurance, citing non-compliance with statutory requirements. This development has spotlighted the essential role life insurance plays in offering financial stability and protection across various circumstances. […]

Howden Highlights Opportunities in Cyber Insurance Amid Increasing Demand Amid growing concerns over cyber threats, Howden, a leading insurance brokerage firm, has turned its attention to the burgeoning opportunities in the cyber insurance sector. An official statement released on July 2, 2024, emphasized the potential for growth in non-US territories. Life Insurance: A Crucial Safeguard […]

Lincoln Financial Group to Report 2024 Second Quarter Results on August 1 Lincoln Financial Group is set to announce its 2024 second quarter results on August 1, providing insights into their insurance, group protection, and retirement plan services performance. This announcement holds significant implications for many Americans considering their personal and professional financial security. The […]

Lincoln Financial Group to Report 2024 Second Quarter Results on August 1 Lincoln Financial Group is set to disclose its second-quarter results for 2024 on August 1, according to a statement released on their official website. Industry observers are keen on examining the financial health of the conglomerate, especially amidst the backdrop of market volatility […]

John Hancock Seeks ‘Longevity Innovation’ Startups John Hancock is on a mission to redefine the future of insurance, emphasizing longevity and wellness. The U.S. arm of Manulife is launching a new challenge geared towards startups that innovate around ‘longevity.’ This initiative is focused on extending healthy life years and enhancing the quality of life for […]