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AM Best Upgrades Issuer Credit Ratings of Sun Life Financial Inc. and Certain Subsidiaries: AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa” from “aa-” and affirmed the Financial Strength Rating (FSR) of A+ (Superior) ...
Date: December 4, 2019    
Companion Life Settles Allegations of Unapproved Policies for $1.8 Million: A South Carolina-based life insurer has settled claims that it sold unapproved and inadequate student health insurance policies to thousands of students in ...
Date: December 4, 2019    
Lincoln Financial Group Names Interim President: Lincoln Financial Group has named Eric Reisenwitz as interim president, group protection, to succeed Dick Mucci. Reisenwitz will transition into his new role ...
Date: December 3, 2019    
Insurers, Wynn Split $41 Million Payment to Settle Shareholder Lawsuit: Former Wynn Resorts Chairman and Chief Executive Officer Steve Wynn and the company’s insurers will split a $41 million payment to settle shareholder ...
Date: December 2, 2019    
Allianz Leben Lowers Life Product Yields to Reflect Zero, Negative Interest Rates: Allianz S.E.’s German life insurance unit said it is revising the overall interest yield downward for life insurance products in response to zero and negative ...
Date: December 2, 2019    
Health Underwriters See Gains in Ranking of World’s Largest Insurers: Health insurers made the biggest moves on AM Best’s annual world’s largest insurers ranking based on 2018 net premiums written, while life insurers continued ...
Date: December 2, 2019    
Best’s Special Report: U.S. Life/Annuity Insurers’ BBB Bond Exposures Continue to Grow: The U.S. life/annuity industry has increased its bond allocations to NAIC Class 2 Securities markedly over the last decade, to more than 34% of overall ...
Date: December 2, 2019    
A New Game:

Date: December 1, 2019    

New Zealand Regulators: Life Insurers and Banks Face Greater Scrutiny Amid Compliance Concerns: Life insurers and banks will come under greater scrutiny and oversight by the Reserve Bank of New Zealand, which is concerned about long-term resilience and ...
Date: November 27, 2019    
JBA’s Willis: Flood Is Surpassing Wind as Driver of Recent Large Losses: Iain Willis, managing director Singapore, JBA Risk Management, said extraordinary rainfalls in recent Japan storms have changed the loss profile in which wind ...
Date: November 27, 2019    
AM Best Places Credit Ratings of Commercial Travelers Life Insurance Company Under Review With Negative Implications: AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of “a-“ of ...
Date: November 26, 2019    
Great-West Lifeco Gets Approval to Combine Canadian Life Operations: Great-West Life Assurance Co., London Life Insurance Co., Canada Life Assurance Co. and their holding companies are completing an amalgamation after receiving ...
Date: November 26, 2019    
AM Best Removes From Under Review, Affirms Credit Ratings of Family Guardian Insurance Co. Limited and FamGuard Corporation Ltd.: AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit ...
Date: November 26, 2019    
AM Best Removes From Under Review, Affirms Credit Ratings of Colina Insurance Limited and Colina Holdings Bahamas Limited: AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit ...
Date: November 26, 2019    
Best’s Special Report: Life/Annuity Insurers’ Net Income Fell by 18% in Nine-Month 2019 Period, Preliminary Results Show: Net income in the U.S. life/annuity industry dropped by approximately 18% to $27.6 billion in the first nine months of 2019, compared with the same prior-year ...
Date: November 26, 2019    
Best’s Special Report: U.S. Life/Annuity Holdings of Structured Notes on the Rise: The U.S. life/annuity industry increased its holdings in structured notes by one-third over a three-year period, with book adjusted/carrying value reaching $16 ...
Date: November 25, 2019    
Oasis Consultant: Cat Modeling Challenged by Cost, Lack of Standards: Jeremy Hindle, consultant, Oasis Loss Modeling Framework, said the industry is challenged by the cost of cat modeling, the lack of open standards and ...
Date: November 22, 2019    
National Guardian Life Partners With Equity Firm to Launch Dental and Vision Business: National Guardian Life Insurance Co. affiliate Federal Life Group Inc. and Insurance Capital Group have launched a national dental and vision insurance ...
Date: November 22, 2019    
AM Best Assigns Credit Ratings to Chaucer Insurance Company DAC; Affirms Ratings of China Reinsurance (Group) Corp and Subs: AM Best has assigned a Financial Strength Rating (FSR) of A (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a” to Chaucer Insurance ...
Date: November 22, 2019    
Best’s Special Report: Life/Annuity Insurers Keep Appetite for Long-Term Debt in Check: Long-term debt obligations among publicly traded U.S. life/annuity (L/A) insurance companies has declined by 14% over an eight-year span, to $89.3 billion in ...
Date: November 22, 2019    
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