Year: 2024

East Africa Reinsurance’s B Rating Affirmed by AM Best In recent developments, AM Best has reaffirmed its B rating for East Africa Reinsurance, aligning the company’s stable outlook with evidence of solid capitalization and improved underwriting practices. However, the importance of life insurance, including various sub-topics such as Business/Career Insurance, Retirement Insurance, and Marriage/Divorce Insurance, […]

Eagles Insurance Lawsuit Over COVID Losses Dismissed by Federal Judge In a recent ruling, a federal judge dismissed the Philadelphia Eagles’ lawsuit against FM Global, which sought compensation for financial losses incurred due to the COVID-19 pandemic. The case centered on the team’s insurance policy and its provisions regarding business interruptions. The Role of Life […]

Prudential Financial Announces Technology and Operations Leadership Transition Prudential Financial has recently made headlines by announcing a significant change in its technology and operations leadership. The transition, expected to drive innovation and operational excellence, highlights Prudential’s commitment to staying at the forefront of financial services. Annuities and Life Insurance: Core Offerings As part of their […]

John Hancock Closed-End Funds Release Earnings Data The John Hancock Closed-End Funds have recently disclosed their latest earnings data, an event that shines a spotlight not only on investment opportunities but also on the potential benefits of life insurance as a strategic financial tool. Life insurance can offer diverse advantages, aligning with various life stages […]

Incubator Launches Fallow Grove Insurance Services Former CrossCover CUO to Serve as CEO In a strategic move set to reshape the insurance landscape, a prominent incubator has announced the launch of Fallow Grove Insurance Services. The newly established firm will be led by former CrossCover Chief Underwriting Officer (CUO), whose extensive experience promises to bring […]

John Hancock Retirement Announces New Role Dedicated to Enhancing Engagement John Hancock Life Insurance Company of New York has announced a new role specifically aimed at boosting engagement among its clients and stakeholders. This development is part of their ongoing efforts to better serve the thousands of participants and billions in Assets Under Management (AUMA) […]

DXC at AWS re:Invent 2024: Shaping the Future of Insurance at Lincoln Financial The highly anticipated AWS re:Invent 2024 event will spotlight the transformative role of technology in the insurance sector, with a significant focus on life insurance. The event is scheduled for Wednesday, December 4, at the MGM Hotel, Chairmans Room 366, and promises […]

Stonefort Reinsurance’s A- Rating Affirmed by AM Best On October 17, 2024, AM Best reaffirmed the A- (Excellent) rating for Stonefort Reinsurance Co., recognizing the company’s robust capitalization. However, a stable outlook is accompanied by caution towards potential market volatility that could impact long-term performance. Insight into Stonefort Reinsurance’s Rating AM Best’s rating reflects Stonefort […]

Inszone Expands Footprint Through MG Insurance Acquisition Inszone Insurance Services has recently acquired MG Insurance, marking a significant expansion in its contractor insurance offerings and strengthening its presence in California’s Bay Area. This acquisition highlights Inszone’s strategic growth and emphasis on providing comprehensive insurance solutions tailored to various life stages and business needs, including life […]

AXA Renames Reinsurance Arm in Mainland China In a move to solidify its presence in the Chinese market, AXA has successfully received regulatory approval to rename its reinsurance arm in Mainland China. The restructured entity aims to provide more robust insurance solutions, catering to a wider range of clientele. Enhanced Services to Include Life Insurance […]