Life Insurance

Life Insurers Increasingly Turn to Reinsurance for Profitability and Growth As the life insurance industry continues to evolve, companies are increasingly turning to reinsurance as a key strategy for managing costs, optimizing capital, and meeting market demands. According to a recent report from EY, the reinsurance segment is playing a pivotal role in ensuring profitability […]

Consumer Watchdog Condemns Amendments to California Insurance Hike Rules In a recent move that has sparked significant controversy, Consumer Watchdog has denounced amendments to California’s insurance hike rules. The organization claims these changes will unjustly burden policyholders, with its headlining statement sharply asserting, “Today’s amendments just continue the lie.” Impact on Life Insurance Policies The […]

Northwestern Mutual Wealth Management Co. Sells 8,085 Shares of John Hancock Multifactor Large Cap ETF A recent development in the financial markets saw Northwestern Mutual Wealth Management Co. selling 8,085 shares of John Hancock Multifactor Large Cap ETF. This move is part of broader portfolio adjustments that highlight the dynamic nature of investment strategies in […]

Lincoln Financial to Report 2024 Third Quarter Results on October 31 Philadelphia, Oct. 3, 2024 – Lincoln Financial Group is set to announce its third-quarter results for 2024 on October 31. The company, renowned for its extensive range of insurance and retirement investment products, will discuss its financial performance in key segments, including life insurance, […]

Climate Insurance Markets Poised for Explosive Growth The climate insurance market is set to undergo significant expansion, presenting a promising opportunity for brokers to leverage their expertise and tap into new revenue streams. In a recent analysis, industry experts project a notable increase in demand for climate-related insurance products as businesses and individuals seek cover […]

CCR Re Appoints Vaibhavi Mehta as Director of Life Underwriting CCR Re, a leading global reinsurance company, has announced the appointment of Vaibhavi Mehta as the new director of life underwriting. With her distinguished leadership and extensive experience in the reinsurance sector, Mehta is poised to steer the division towards significant growth. Expanding the Scope […]

Pine Walk Launches Silverflame Re to Expand Specialty Reinsurance Portfolio In a bold move aimed at bolstering its specialty reinsurance offerings, Pine Walk Capital has introduced Silverflame Re. This new venture will concentrate primarily on marine, energy, and credit reinsurance sectors. The launch, announced on October 3, 2024, signifies Pine Walk’s commitment to diversifying its […]

Inszone Insurance Acquires Specialist Broker, Expanding Life Insurance Offerings In a strategic move set to bolster its portfolio, Inszone Insurance has announced the acquisition of a specialist broker. The transaction, which marks a significant step in the company’s growth plan, is poised to enhance its capabilities and offerings within the life insurance sector. “We look […]

‘We’re seeing claims from the 60s’: How reviver statutes are driving insurance costs up In a recent surge of insurance claims linked to decades-old incidents, industry experts are highlighting a notable trend: the rise of “reviver statutes.” These legal provisions allow for reopening old cases, thus significantly affecting insurance costs. The Impact on Life Insurance […]

Inszone Insurance Expands Portfolio with Acquisition of Specialist Broker Inszone Insurance, a leading insurance agency, has announced its strategic acquisition of a specialized broker, marking another significant move in its expansion plans. This merger aims to enhance their offerings within the insurance sector, with a pronounced focus on providing comprehensive life insurance solutions. Expanding Life […]