Browsing: News
LaBert most recently served as CEO at the National Association of Independent Life Brokerage Agencies.
Prismic will reinsure approximately $7 billion of reserves backing USD-denominated Japanese whole life insurance policies which were recently originated by Prudential’s Japanese affiliates.
The estimated retiree pension risk transfer cost is now 101.4% of a plan’s accumulated benefit obligation.
The buy-in covers the pension benefits of 95 pensioners and dependents, and 74 deferred scheme members and is worth £24m.
New report lifts the lid on investor sentiment towards life settlements.
Letter to insurance company CEOs references ongoing monitoring of funded reinsurance.
US life insurance application activity finished 2024 essentially flat at -0.1% year-to-date compared with 2023.
The firm has built a team of more than 20 people focussed on bulk purchase annuity transactions and completed two deals with external pension schemes in Q4 last year.
The Broadstone Sirius Index finds positive funding progression across both schemes in December.
The latest buy-in secures the pensions of almost 5,000 pensioners and dependants and over 3,000 deferred policyholders.