As featured on The Balancing Act, our CEO Lisa Bickus highlighted how 1891 Financial Life provides not only life insurance but also supports communities and makes a meaningful difference.
Tag: life insurance
Nine Life Insurance Trade Groups File Lawsuit to Block Department of Labor Fiduciary Rule
Nine life insurance trade groups filed a joint lawsuit against the U.S. Department of Labor to overturn its fiduciary rule, which they contend would reduce consumers’ access to retirement investment advice.
Senate Report Blasts High-End Life Insurance Plans as $40B ‘Tax Dodge’
Specialized life insurance plans offered only to the wealthiest Americans are a vehicle for dodging billions in taxes, a Senate report released Wednesday charged.
Zurich’s Sale of $20B Life Insurance Book to PE-backed Group Collapses
Insurance group Zurich’s sale of a $20 billion life insurance book to Viridium has collapsed, with the private equity-backed German consolidator citing “considerations relating to [its] current ownership structure” as regulatory scrutiny of such deals intensifies.
Private Equity’s Move Into Life Insurance, Annuity Assets Provokes Systemic-Risk Concerns
Financial authorities want to know more about whether surging private-equity investment in the insurance sector poses risks to the broader economy.
Private Equity and Investment Managers Continue to Enter Life/Annuity Market
Private equity-owned insurers increased their stake in the industry’s admitted assets in 2022 by more than 15% on a year-over-year basis, according to a new AM Best special report.
AIG Profit Beats Estimates on Gains in Life and Retirement Unit
American International Group exceeded second-quarter profit expectations on Tuesday, driven by growth at its life and retirement unit and lower-than-expected catastrophe losses in what was a very expensive quarter for the industry.
AIG Buoyed by Higher Premiums on Business Insurance
AIG showed continued improvement in its core business-insurance operations, but a weaker and shrinking share of income from a life-insurance unit being divested kept its operating income relatively flat.
Life Insurance Is Profitable Again, but Too Late for Many Insurers
Higher interest rates, driven by the Federal Reserve’s anti-inflationary campaign, have provided the life insurance industry a new opportunity to profit.
Twelve Capital: Liquidity Risks “Remote” for Most Reinsurers Amid Banking Crisis
Twelve Capital, an independent investment manager specializing in insurance investments, concluded that “liquidity risk is remote” for most reinsurers.