Year: 2024

Life Insurance Market Seeing Growth in Variable Life Insurance Sales The life insurance market is experiencing a significant surge in the sales of variable life insurance policies. Major insurers, such as Prudential, MetLife, New York Life, Northwestern Mutual, MassMutual, and Lincoln Financial, are capitalizing on this trend to provide more flexible and lucrative options to […]

In Remembrance of Cynthia Kulle: Life Insurance Industry Veteran The life insurance world mourns the loss of Cynthia Kulle, a distinguished professional who made significant strides in the industry. Cynthia, who passed away in 2024, left an indelible mark on the life insurance sector with her extensive work at Northwestern Mutual and Mass Mutual Life […]

Warburg Pincus Pursuing Sale of Majority Stake in $117bn Kestra Private equity firm Warburg Pincus is reportedly seeking to sell a majority stake in Kestra Holdings, a significant player in the financial advisory business. Kestra, with origins dating back to 1997 as a broker-dealer subsidiary of insurance brokerage firm NFP, has grown into a substantial […]

Bermuda’s 15% Corporate Tax Unlikely to Impact Re/Insurance Hub Status – S&P The recent announcement of a 15% corporate tax in Bermuda is not expected to deter its status as a re/insurance hub, according to analysts from Standard & Poor’s (S&P). Despite initial concerns, the island’s solid regulatory framework and business-friendly environment are anticipated to […]

Bermuda’s Corporate Tax Hike and Its Implications for the Life Insurance Sector Bermuda’s recent introduction of a 15% corporate tax is making headlines, but industry experts, endorsed by S&P, believe it is unlikely to diminish the island’s status as a premier reinsurance hub. Life insurance, a crucial component of the reinsurance sector, is expected to […]

Swiss Re Highlights Growth Potential in APAC’s HNW Insurance Sector The rising wealth in the Asia-Pacific (APAC) region is creating significant opportunities in the High Net Worth (HNW) insurance sector, according to Swiss Re’s latest report. The increasing number of affluent individuals is driving the demand for comprehensive insurance solutions, notably in the realm of […]

Carmen Powell Named CEO of ISC Group: A Strategic Move to Accelerate Gender Equity in Re/Insurance In an era where gender equity in the professional sphere is being closely scrutinized, the announcement of Carmen Powell as the new CEO of ISC Group is a newsworthy development. This move is strategically aimed at accelerating the advancement […]

Carmen Powell Named CEO of ISC Group to Drive Gender Equity in Re/Insurance In a significant stride towards gender equity within the re/insurance sector, Carmen Powell has been appointed as the new CEO of ISC Group. The announcement, made on October 9, 2024, aims to advance women into senior roles within the industry. Powell’s Vision […]

King Risk Partners Acquires Insurance Solutions Group King Risk Partners has announced the acquisition of Insurance Solutions Group, a move that experts say will provide significant benefits to clients, particularly in the realm of life insurance. The acquisition is poised to bolster the range of services offered, including but not limited to Business/Career Insurance, Retirement […]

Form N-14 and Its Impact on Insurance Costs Form N-14, filed by the John Hancock Bond Trust, outlines the various costs each fund incurs, emphasizing the importance of insurance. Alongside legal, accounting, transfer agency services, and custodial and administrative services, insurance plays a crucial role in managing these expenditures. The Role of Life Insurance in […]