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James River Legacy Reinsurance Deal – Impact on Credit Ratings and Life Insurance Options Key Developments in the Reinsurance Deal James River Group has secured a legacy reinsurance contract that should bolster its financial stability, providing $160 million of adverse development reinsurance coverage. Experts believe this move will positively affect its credit ratings. According to […]

Orion180 Completes XOL Reinsurance Placement for 2024 Hurricane Season In a significant move, Orion180 has successfully completed its XOL (Excess of Loss) reinsurance placement for the upcoming 2024 hurricane season. This program notably represents a 47% increase from the previous year’s coverage, highlighting the company’s preparedness and commitment to securing comprehensive insurance solutions for its […]

Zenith Insurance to Get New CEO: Strong and Impactful Partner Taking the Helm Zenith Insurance has announced a pivotal leadership change, introducing a new CEO who promises to propel the company to greater heights. As this transition unfolds, it presents an apt opportunity to discuss how life insurance can offer comprehensive security across various life […]

Rate Insurance Announces Official Brand Shift Rate Insurance has officially announced a strategic rebranding, aligning its identity more closely with its parent company’s similar move. Executives at Rate Insurance revealed that the rebranding effort is designed to better encompass the comprehensive range of services they offer, including a crucial focus on life insurance. The Growing […]

Manulife Pays $17M For Brief Extension On Proscenium Loan. A Sale Could Be Next In a strategic move with potential implications for the company’s financial stability and its stakeholders’ future, Manulife Financial Corp. has paid $17 million for a brief extension on a loan for the Proscenium office complex. This development was confirmed on July […]

Lincoln Takes $300k Fine Over VUL Marketing Arrangement Lincoln Financial has been fined $300,000 by Finra in connection with the marketing and sales of variable universal life (VUL) insurance. This fine brings attention to the broader spectrum of life insurance and its innumerable benefits. Life insurance, provided by platforms such as lifetimeinsurance.org, offers various types […]

John Hancock Hires Executive from Equitable John Hancock, a leading life insurance company, announced that Brooks Tingle, its CEO, has successfully recruited a top executive from Equitable to bolster its leadership team. This strategic move underscores John Hancock’s commitment to enhancing its service offerings and expanding its influence in the competitive life insurance market. Emphasizing […]

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 […]