Personal lines insurer Allstate has agreed to divest its life and annuity businesses Lincoln Benefit Life Company (LBL) to Resolution Life, in a deal agreed for $600m. The insurer said that it will cease issuing fixed annuities at the end ...
Tags: Resolution Life, Allstate
USAA Life Insurance is expanding its Medicare Supplement Insurance with the addition of a low-premium choice, Plan N, for its members who qualify for Medicare with more options. The product will be made available to members in 30 states ...
Tags: USAA, Life Insurance, Insurance
The Empire Life Insurance (Empire Life) has launched a permanent hybrid life insurance product, Hybrid Solution 100, to enable customers to benefit from lower insurance premiums. Combining guaranteed and adjustable features, the permanent ...
Tags: Empire Life, Life Insurance, Service
ING US has appointed David Bedard as president of its annuities business segment, a part of ING US Retirement Solutions business that is focused on driving growth and long-term success in the fixed annuity market. Based in ING US Windsor ...
Tags: annuities business, David Bedard, President, annuity market
The Empire Life Insurance Company (Empire Life) has launched its next generation guaranteed withdrawal benefit (GWB) solution for customers. Dubbed Class Plus 2, the newly launched solution is specifically designed to address the changing ...
Tags: Empire Life, GWB solution, next generation, insurance
Principal Financial has signed a definitive agreement to acquire 100% of Chile's AFP Cuprum for $1.51bn, in an effort to widen its presence in emerging markets. The deal involves sale of 63% ownership in Cuprum held by Empresas Penta and ...
Tags: Principal Financial, Chile's AFP Cuprum, publicly traded shares
The Guardian Insurance & Annuity Company (GIAC) has expanded investment option line-up for its group retirement products plan sponsors. Managed by industry investment managers, the extended options are designed for plan sponsors using The ...
Tags: GIAC, retirement products, investment option, insurance
Canada-based The Empire Life Insurance Company(Empire Life)has introduced a new electronic claims(eClaims)service to simplify claims submission process for its group insurance customers. Using the new eClaims service,plan members will be ...