Annuity & Life Reassurance America Inc., and Heritage Union Life Insurance Company, two subsidiaries of Heritage Union, LLC, have merged, the company announced today. The combined company will operate under the name Heritage Union Life Insurance Company as an Arizona domestic insurer with licenses in 42 states and the District of Columbia.
Within 30 days, Heritage [...]

Conseco Life Insurance Company (Conseco Life) announced it has filed a Request for Hearing preserving its rights in response to the Florida Office of Insurance Regulation’s December 22, 2008 Order to Show Cause. The company and Florida also have agreed to enter discussions regarding issues related to a group of universal life insurance policies issued [...]

Fitch Ratings has downgraded the Insurer Financial Strength (IFS) rating of Primerica Life Insurance Company (Primerica Life) to ‘A+’ from ‘AA-’, reflecting Fitch’s downgrade of Primerica Life’s ultimate parent, Citigroup Inc (Citigroup) yesterday. The rating has also been removed the Rating Watch Negative. The Rating Outlook is Evolving.
Primerica Life’s rating is linked to the ratings [...]

A.M. Best Co. has removed from under review with negative implications and downgraded the financial strength rating (FSR) to B (Fair) from B++ (Good) and the issuer credit rating (ICR) to “bb” from “bbb” of Standard Life Insurance Company of Indiana (Standard Life) (Indianapolis, IN). Both ratings have been assigned negative outlooks. Standard Life is [...]

Eastern Insurance Holdings, Inc. announced that it has appointed Curt Melville as Chief Operating Officer and Marc Blevens as Director of Sales and Agency Relations. Eastern Life & Health Insurance Company (ELH) is a wholly- owned subsidiary of EIHI.
Melville joined ELH in 2007 as Vice President of Underwriting. In that role, he was responsible [...]

A.M. Best Co. has downgraded the issuer credit rating (ICR) to “b” from “b+” of North Coast Life Insurance Company. A.M. Best has placed the ICR and the financial strength rating of C++ (Marginal) under review with negative implications.
The downgrading of the ICR reflects North Coast Life’s significant decline in its total capital and surplus [...]

A.M. Best Co. has placed the financial strength rating (FSR) of B++ (Good) and issuer credit rating (ICR) of “bbb” of Shenandoah Life Insurance Company (Shenandoah Life) (Roanoke, VA) under review with developing implications.
These rating actions follow a public announcement of Shenandoah Life’s proposed merger with OneAmerica Financial Partners, Inc. (OneAmerica). Under the proposed plan, [...]

OneAmerica Financial Partners, Inc. and Shenandoah Life Insurance Company announced the signing of a letter of intent that describes a proposal to merge the two organizations. Under the proposal, Shenandoah would become a subsidiary of OneAmerica®, joining American United Life Insurance Company, The State Life Insurance Company, Pioneer Mutual Life and R.E. Moulton, Inc. Completion [...]

Nippon Life Insurance Company of America, a leading provider of employee benefits solutions to U.S. companies, today announced it will market its solutions under the brand, Nippon Life Benefits.
The change is part of a corporate re-branding initiative to refine the company’s value proposition to the U.S. marketplace, while continuing to highlight its relationship and legacy [...]

Fort Dearborn Life Insurance Company has been recognized by Eastbridge Consulting Group, Inc. as a leader in voluntary sales growth among companies that wrote $30 million or less in new voluntary employee benefits sales in 2007.
“We are proud to be recognized by the Eastbridge study,” said Anthony F. Trani, president and CEO of Fort Dearborn [...]