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Topics: Life
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A.M. Best Upgrades Issuer Credit Rating of Bankers Life Insurance Company: A.M. Best has upgraded the issuer credit rating (ICR) to "bb+" from "bb" and affirmed the financial strength rating (FSR) of B (Fair) of Bankers Life Insurance Company (Bankers Life) (St. Petersburg, FL). Concurrently, A.M. ... Source: BestWire News
Date: August 29, 2014

A.M. Best Upgrades Issuer Credit Rating of Bankers Life Insurance Company: A.M. Best has upgraded the issuer credit rating (ICR) to "bb+" from "bb" and affirmed the financial strength rating (FSR) of B (Fair) of Bankers Life Insurance Company (Bankers Life) (St. Petersburg, FL). Concurrently, A.M. ... Source: Press Releases
Date: August 29, 2014

Willis Group's Ireland Operations Acquire Several Financial Businesses From IFG Group: The Ireland operations of insurance broker Willis Group Holdings plc said it acquired several Irish pension and financial advisory businesses from IFG Group plc. Willis Ireland, part of the London-based Willis Group, said in... Source: BestWire News
Date: August 28, 2014

China Life Reports 13.6% Rise in Net Profit and Proposes to Invest in Sinopec: China Life Insurance Co. Ltd. reported a 13.6% rise in net profit attributable to equity holders to 18.4 billion yuan (US$3 billion) supported by increased investment income, for the first half of 2014 ended June 30. Investm... Source: BestWire News
Date: August 28, 2014

Prudential Financial Reaches Settlement With Credit Suisse Over Sale of Mortgage-Backed Securities: Several companies of Prudential Financial Inc. reached a settlement in New Jersey federal court in their lawsuit against Credit Suisse Securities (USA) seeking to recover damages suffered as a result of Credit Suisse's allege... Source: BestWire News
Date: August 27, 2014

A.M. Best Affirms Ratings of Scotia Insurance (Barbados) Limited: A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of "a+" of Scotia Insurance (Barbados) Limited (Scotia Re) (Barbados). The outlook for both ratings is stable. Scotia Re is p... Source: BestWire News
Date: August 27, 2014

A.M. Best Affirms Ratings of Scotia Insurance (Barbados) Limited: A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of "a+" of Scotia Insurance (Barbados) Limited (Scotia Re) (Barbados). The outlook for both ratings is stable. Scotia Re is p... Source: Press Releases
Date: August 27, 2014

Netherlands-Based Delta Lloyd Completes €12 Billion Longevity Swap With Reinsurance Group of America: Delta Lloyd has completed a six-year longevity swap with the U.S.-based Reinsurance Group of America covering underlying reserves of about €12 billion (US$15.8 billion) to lessen the longevity risk in its Dutch life insurance... Source: BestWire News
Date: August 26, 2014

Mapfre Begins Selling Term Life Insurance in Massachusetts: Mapfre U.S.A. said it has entered the U.S. life insurance market and is selling term life insurance in Massachusetts with plans to enter additional states later in the year. Mapfre plans to leverage its position in the perso... Source: BestWire News
Date: August 25, 2014

National Financial Partners Acquires Cincinnati Brokerage to Expand in Corporate, Executive Benefits: Brokerage and advisory firm National Financial Partners Corp. said it acquired Benefit Resources Inc., a Cincinnati-based insurance consulting and brokerage firm, in a move it says continues its growth in corporate and execut... Source: BestWire News
Date: August 25, 2014

NAIC Executive Panel Approves Changes to Long-Term Care Model: The National Association of Insurance Commissioners approved changes to the Long-Term Care Insurance Model Regulation that will increase actuarial certification requirements and tighten language on consumer disclosures regard... Source: BestWire News
Date: August 22, 2014

Wink CEO: Increased Sales of Proprietary Products Help Boost 2Q US Sales of Indexed Annuities: Increased sales of proprietary products specifically helped to boost sales of indexed annuities in the second quarter of 2014, says the chief executive officer of Wink Inc. Total second-quarter sales of these retirement ... Source: BestWire News
Date: August 22, 2014

A.M.BestTV: Patient Protection and Affordable Care Act Hits Insurers; NAIC Recap and Chubb Focuses on Executive Presence: In this episode, A.M.BestTV examines how the Patient Protection and Affordable Care Act (PPACA) has impacted health insurers; the NAIC's move on life captive reinsurance and how focusing on executive presence helps insurers. ... Source: BestWire News
Date: August 22, 2014

Court: Florida's Unclaimed Property Law Does Not Require 'Affirmative Duty' to Scan Death Master File: Life insurers do not have an "affirmative duty" under the state's unclaimed property law to search death records to determine whether a policyholder has died, a state appeals court has ruled. The Florida First District Court... Source: BestWire News
Date: August 22, 2014

A.M.BestTV: Patient Protection and Affordable Care Act Hits Insurers; NAIC Recap and Chubb Focuses on Executive Presence: In this episode, A.M.BestTV examines how the Patient Protection and Affordable Care Act (PPACA) has impacted health insurers; the NAIC's move on life captive reinsurance and how focusing on executive presence helps insurers. ... Source: Press Releases
Date: August 22, 2014

Ace Group's Global Life Business Forms Partnership in Thailand to Sell Life, Health Products Through Telemarketing: Ace Group's global life insurance business has formed a partnership with Aeon Insurance Service (Thailand) Co. Ltd. to sell a range of life, personal accident and health insurance to customers of Aeon Thana Sinsap (Thailand) ... Source: BestWire News
Date: August 22, 2014

A.M. Best Affirms Ratings of Delphi Financial Group, Inc. and Its Subsidiaries: A.M. Best has affirmed the financial strength ratings of A+ (Superior) and the issuer credit ratings (ICR) of "aa-" of the life/health subsidiaries, Reliance Standard Life Insurance Company (Chicago, IL) and First Reliance St... Source: BestWire News
Date: August 22, 2014

A.M. Best Affirms Ratings of Delphi Financial Group, Inc. and Its Subsidiaries: A.M. Best has affirmed the financial strength ratings of A+ (Superior) and the issuer credit ratings (ICR) of "aa-" of the life/health subsidiaries, Reliance Standard Life Insurance Company (Chicago, IL) and First Reliance St... Source: Press Releases
Date: August 22, 2014

EY Study: Insurers Seeking Diversification of Alternative Investments for Higher Returns: Insurance companies in Asia-Pacific are seeking diversification of their investment assets for more attractive yields amid the easing of regulatory restrictions on investment, according to a consultancy and asset manager. "M... Source: BestWire News
Date: August 22, 2014

A.M. Best Special Report: Merger and Acquisition Activity Pushes Life/Annuity Stocks Higher in Second Quarter of 2014: Following a 2.5% decline in the first quarter of 2014, life/annuity (L/A) stocks rose 4.3% in the second quarter versus a 4.7% rise in the S&P 500 stock index. 17 of the 24 stocks tracked for this analysis rose in the quarter... Source: BestWire News
Date: August 21, 2014

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