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Topics: Life
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RSA Begins Disposals With £300 Million Sell-Offs in Poland, Baltics to PZU: U.K.-based multiline insurer RSA Insurance Group plc took the first steps in its long-planned disposal program with the sale, for about £300 million (US$503 million), of its businesses in Poland and the Baltic states to Polis... Source: BestWire News
Date: April 17, 2014

A.M. Best Affirms Ratings of The Northwestern Mutual Life Insurance Company and Its Subsidiary: A.M. Best has affirmed the financial strength rating of A++ (Superior) and the issuer credit ratings of "aaa" of The Northwestern Mutual Life Insurance Company (Northwestern Mutual) and its subsidiary, Northwestern Long Term ... Source: BestWire News
Date: April 17, 2014

A.M. Best Affirms Ratings of The Northwestern Mutual Life Insurance Company and Its Subsidiary: A.M. Best has affirmed the financial strength rating of A++ (Superior) and the issuer credit ratings of "aaa" of The Northwestern Mutual Life Insurance Company (Northwestern Mutual) and its subsidiary, Northwestern Long Term ... Source: Press Releases
Date: April 17, 2014

Update: IRI: If Labor Regs on Fiduciary Standard Resemble Original, Full-Brokerage Account Advice Would Be Illegal: (Clarifies headline.) If re-proposed regulations by the U.S. Department of Labor on a proposed fiduciary standard are similar to the original, all financial advice provided through full-service brokerage accounts would be ill... Source: BestWire News
Date: April 17, 2014

Florida Senators Considering Principles-Based Reserving Legislation: Florida is among seven states currently considering bills to approve use of principles-based reserving for use by life insurers. SB 1308 is sponsored by Sen. David Simmons along with the Banking and Insurance Committee he ch... Source: BestWire News
Date: April 16, 2014

A.M. Best Affirms Ratings of Highmark Inc. and Its Subsidiaries: A.M. Best has affirmed the financial strength ratings (FSR) of A- (Excellent) and the issuer credit ratings (ICR) of "a-" of Highmark Inc. (Highmark), Keystone Health Plan West, Inc., HM Health Insurance Company and Highmark ... Source: BestWire News
Date: April 16, 2014

A.M. Best Affirms Ratings of Highmark Inc. and Its Subsidiaries: A.M. Best has affirmed the financial strength ratings (FSR) of A- (Excellent) and the issuer credit ratings (ICR) of "a-" of Highmark Inc. (Highmark), Keystone Health Plan West, Inc., HM Health Insurance Company and Highmark ... Source: Press Releases
Date: April 16, 2014

A.M. Best Upgrades Rating of 321 Henderson Receivables V LLC: A.M. Best has upgraded the debt rating to "bb" from "bb-" on the $4,695,000 Class B 10.00% Fixed Rate Asset Backed Notes, Series 2008-3 and affirmed the debt ratings of "aaa" on $74,646,000 Class A-1 8.00% Fixed Rate Asset Ba... Source: BestWire News
Date: April 16, 2014

A.M. Best Upgrades Rating of 321 Henderson Receivables V LLC: A.M. Best has upgraded the debt rating to "bb" from "bb-" on the $4,695,000 Class B 10.00% Fixed Rate Asset Backed Notes, Series 2008-3 and affirmed the debt ratings of "aaa" on $74,646,000 Class A-1 8.00% Fixed Rate Asset Ba... Source: Press Releases
Date: April 16, 2014

A.M. Best Places Ratings of Abbaszadeh Dental Group, Inc.'s Subsidiaries Under Review: A.M. Best has placed under review with positive implications the financial strength rating (FSR) of A- (Excellent) and the issuer credit ratings (ICR) of "a-" of the key insurance subsidiaries of Abbaszadeh Dental Group, Inc.... Source: BestWire News
Date: April 16, 2014

A.M. Best Places Ratings of Abbaszadeh Dental Group, Inc.'s Subsidiaries Under Review: A.M. Best has placed under review with positive implications the financial strength rating (FSR) of A- (Excellent) and the issuer credit ratings (ICR) of "a-" of the key insurance subsidiaries of Abbaszadeh Dental Group, Inc.... Source: Press Releases
Date: April 16, 2014

MassMutual Retirement Division Makes Changes to Senior Management, Including CFO: The retirement services division of Massachusetts Mutual Life Insurance Co. has made several changes to its senior management --- including replacing its chief financial officer. The changes to the division's management ... Source: BestWire News
Date: April 15, 2014

UK Experts See Gains Flowing From Weakened Annuity Sector: The damage that has already begun to occur to the U.K. annuities sector as a result of changes in government pensions policy could suggest wider gains in financial services businesses, according to industry experts. "Thi... Source: BestWire News
Date: April 15, 2014

Update: NAIC Panel May Hold Separate Meeting on Rector Report Interim Plan on Principles-Based Reserving: (Corrects typo in the headline.) A National Association of Insurance Commissioners' task force is asking interested parties to suggest agenda items for an interim meeting to help solve the tangled debate surrounding a propose... Source: BestWire News
Date: April 15, 2014

OneAmerica CEO: Company Focusing on More Traditional Life Products: Equity-indexed universal life, while a popular product, is not something OneAmerica Financial Partners is interested in pursuing for now, according to Scott Davison, who this month took the helm as chief executive officer of ... Source: BestWire News
Date: April 15, 2014

A.M. Best Comments on Teachers Insurance and Annuity Association of America's Planned Acquisition of Nuveen Investments: A.M. Best has commented that the ratings for Teachers Insurance and Annuity Association of America (TIAA) and its wholly owned insurance operating subsidiary, TIAA-CREF Life Insurance Company (both domiciled in New York, NY) ... Source: BestWire News
Date: April 15, 2014

A.M. Best Comments on Teachers Insurance and Annuity Association of America's Planned Acquisition of Nuveen Investments: A.M. Best has commented that the ratings for Teachers Insurance and Annuity Association of America (TIAA) and its wholly owned insurance operating subsidiary, TIAA-CREF Life Insurance Company (both domiciled in New York, NY) ... Source: Press Releases
Date: April 15, 2014

MassMutual Posts Net Loss on Accounting Impact of Hartford Retirement Plans Acquisition: MassMutual Financial Group posted a net loss in 2013, partly on its acquisition of Hartford Financial Services' retirement plans business. For 2013, MassMutual reported a net loss of $113 million on a consolidated statutory b... Source: BestWire News
Date: April 14, 2014

Aviva Sells South Korean Business to NongHyup: Aviva plc said it has reached an agreement to sell its entire 47% stake in Woori Aviva Life Insurance to NongHyup Financial Group in South Korea. "The transaction will have a neutral impact on the group's IFRS (International... Source: BestWire News
Date: April 14, 2014

A.M. Best Affirms Ratings of Massachusetts Mutual Life Insurance Company and Its Subsidiaries: A.M. Best has affirmed the financial strength rating of A++ (Superior) and issuer credit ratings of "aa+" of Massachusetts Mutual Life Insurance Company (MassMutual) and its life/health subsidiaries, C.M. Life Insurance Compa... Source: BestWire News
Date: April 11, 2014

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