Life/Annuity News Headlines

The following news stories feature information regarding the Life/Health insurance market.


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Ameriprise Estimates $350 Million Negative Impact on Third Quarter Earnings: Ameriprise Financial Inc. said it estimates a $350 million unfavorable impact in third-quarter adjusted operating earnings, hurt by low interest rates, a ...
Date: September 28, 2020    
Best’s Special Report: U.S. Life/Health Credit Rating Upgrades Outnumber Downgrades in First-Half 2020: The U.S. life/health industry saw more credit rating upgrades than downgrades in first-half 2020, driven primarily by improved levels of risk-adjusted ...
Date: September 28, 2020    
LV= Confirms Transaction Talks for Life/Pensions Unit: Liverpool Victoria Financial Services Ltd. said it is in discussions with several parties about a “potential transaction” of its life and pensions business as ...
Date: September 28, 2020    
AM Best Removes From Under Review With Positive Implications and Upgrades ICR of Standard Life and Casualty Insurance Company: AM Best has removed from under review with positive implications and upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb+” from “bb” and ...
Date: September 25, 2020    
Trump Signs Order Supporting Ban on Preexisting Condition Exclusions: President Trump has signed an executive order supporting the ban on health insurers excluding coverage to people with preexisting conditions, a critical ...
Date: September 25, 2020    
AM Best Upgrades Issuer Credit Rating of United National Life Insurance Company of America: AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “bbb” and affirmed the Financial Strength Rating (FSR) of B++ (Good) of ...
Date: September 23, 2020    
AM Best Revises Under Review Status to Negative for Credit Ratings for Noor Takaful General PJSC and Noor Takaful Family PJSC: AM Best has revised the under review status to negative from developing for the Financial Strength Ratings of B (Fair) and the Long-Term Issuer Credit Ratings ...
Date: September 23, 2020    
AM Best Assigns Issue Credit Rating to OneAmerica Financial Partners, Inc.’s Senior Unsecured Notes: AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “a-” to the $400 million 4.25% senior unsecured notes, due Oct. 15, 2050, issued by ...
Date: September 21, 2020    
AM Best Assigns Issue Credit Rating to Pacific LifeCorp’s Senior Unsecured Notes: AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “a” to the $750 million 3.35% senior unsecured notes due Sept. 15, 2050 that were ...
Date: September 17, 2020    
AM Best Revises Outlooks to Negative for Catholic Order of Foresters: AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating ...
Date: September 17, 2020    
MetLife Takes No. 3 Position in US Vision Coverage With $1.68 Billion Versant Acquisition: MetLife Inc. said it agreed to acquire Versant Health from an investor group for $1.68 billion in an all-cash transaction. The acquisition will catapult ...
Date: September 17, 2020    
AM Best Affirms Credit Ratings of Fortegra Financial Corporation’s Insurance Subsidiaries: AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of the U.S.-based ...
Date: September 16, 2020    
AM Best Assigns Issue Credit Rating to MetLife, Inc.’s New Preferred Shares: AM Best has assigned a Long-Term Issue Credit Rating of “bbb” to the $1 billion issuance of 3.85% fixed rate reset non-cumulative preferred stock, Series G, ...
Date: September 16, 2020    
UK Post Office Considering Selling Off Insurance Operations: The United Kingdom’s publicly owned Post Office is looking into possibly selling off its insurance business. A spokesman for the Post Office confirmed it has ...
Date: September 15, 2020    
AIG Names Successor to Retiring President and CEO, AIG Japan Holdings KK: American International Group Inc. has named James Nash to succeed Robert L. Noddin as president and chief executive officer, AIG Japan Holdings KK. Nash is ...
Date: September 15, 2020    
Japan Post Insurance to Restart Operations Oct. 5 as Mis-Selling Probe Continues: Japan Post Insurance Co. Ltd. said it will restart operations as the insurer provided an update on its investigation into life insurance mis-selling. The ...
Date: September 15, 2020    
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