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AM Best Comments on Credit Ratings of Canadian Premier Life Ins Co Following Announced Transaction With Gerber Life Ins Co: AM Best has commented that the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Rating of “a” of Canadian Premier Life Insurance Company ...
Date: February 14, 2020    
Japan’s T&D Posts 22.6% Drop in Adjusted Net Income: T&D Holdings Inc. reported a 22.6% reduction in adjusted net income to ¥50.8 billion (US$463 million) on a consolidated basis for the nine months that ended ...
Date: February 14, 2020    
NAIC Approves Annuity Suitability Model Act: The National Association of Insurance Commissioners has approved its Suitability in Annuity Transactions Model Regulation. The revisions clarify all ...
Date: February 13, 2020    
Canadian Premier to Acquire Gerber Life Canadian Business: Canadian Premier Life Insurance Co., a Canadian subsidiary of Securian Financial Group Inc., said it has signed a definitive agreement to purchase the Canadian ...
Date: February 13, 2020    
Sun Life Sees Fourth-Quarter Profits Rise on Wealth Management: Fourth-quarter net income attributable to Sun Life Financial Inc. rose 24% to C$719 million (US$542 million), as group retirement services saw quarterly sales ...
Date: February 13, 2020    
AM Best Affirms Credit Ratings of The Hollard Insurance Company Pty Ltd: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of The Hollard Insurance Company Pty Ltd ...
Date: February 13, 2020    
AM Best Revises Outlooks to Positive for Halyk-Life, JSC: AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of ...
Date: February 12, 2020    
AM Best Upgrades Issuer Credit Ratings of Principal Financial Group, Inc. and Its Subsidiaries: AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa” from “aa-” and affirmed the Financial Strength Rating of A+ (Superior) of ...
Date: February 11, 2020    
Brighthouse CFO: Company Looking to Curb Hedge Risks: Brighthouse Financial Inc. plans to shift its hedges to swaps from options as part of a strategy to limit exposure during unfavorable market conditions, ...
Date: February 11, 2020    
Brighthouse Posts $1 Billion Fourth-Quarter Loss: Brighthouse Financial Inc. posted a fourth-quarter net loss of $1.08 billion, driven primarily by wrong-way derivatives used to hedge against adverse market ...
Date: February 10, 2020    
Fighting the ACA in Court, Arizona GOP Backs Bill With ACA Protection: A Republican legislator in Arizona is sponsoring a bill to memorialize the Affordable Care Act’s prohibition on exclusions of individuals based on their ...
Date: February 10, 2020    
Farmers Insurance Names Chief Product Officer: Farmers Insurance has named Eric Kappler as chief product officer for Farmers and Bronwyn Koopman to succeed Kappler as president of Bristol West, a member of ...
Date: February 10, 2020    
AM Best Comments on the Credit Ratings of Fidelity & Guaranty Life Holdings, Inc. Following Acquisition Announcement: AM Best has commented that the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of the key ...
Date: February 7, 2020    
Fidelity National Seeks to Counter Cyclical Risk Through $2.7 Billion F&G Acquisition: Fidelity National Financial Inc.’s proposed $2.7 billion acquisition of FGL Holdings will counter cyclical risk for both companies and open growth avenues for ...
Date: February 7, 2020    
Title Insurer Fidelity National to Acquire FGL for $2.7 Billion: Fidelity National Financial Inc. said it will acquire FGL Holdings for about $2.7 billion, giving Fidelity National business diversification. The ...
Date: February 7, 2020    
Lincoln Financial Reports Income Up Across Lines: Fourth-quarter net income attributable to Lincoln Financial Group increased to $431 million from $399 million in the same period a year earlier as the company ...
Date: February 7, 2020    
AM Best Affirms Credit Ratings of Subsidiaries of CUNA Mutual Holding Company: 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 CMFG Life ...
Date: February 7, 2020    
Aeon to Acquire Majority Share of Allianz Life Japan: Aeon Financial Service Co. Ltd. said it will enter the life insurance business in Japan by acquiring a majority share of Allianz Life Japan. It plans on ...
Date: February 6, 2020    
MetLife CEO: Robust Pension Risk Transfer Business Expected in 2020: MetLife posted its second-best year ever in pension risk transfers in 2019, with $4.3 billion in sales booked and is expecting the segment to remain brisk in ...
Date: February 6, 2020    
MetLife Fourth-Quarter Income Drops 73%: Fourth-quarter income attributable to MetLife Inc. dropped to $536 million from $2 billion as the New York-based company said it had net derivative losses of ...
Date: February 5, 2020    
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