new economic reality means consumers can no longer rely on what’s worked for them in the past. And the ever-changing life insurance marketplace means financial professionals must find even more creative solutions to their clients’ needs.
To meet those needs, Nationwide Financial Services, Inc. launched the newest version of its YourLife® suite of life insurance products [...]

Lincoln Financial Group announced that on February 13, 2009, a jury rendered a verdict in a patent infringement lawsuit in favor of The Lincoln National Life Insurance Company and against three Aegon USA companies: Transamerica Life Insurance Co., Transamerica Financial Life Insurance Co., and Western Reserve Life Assurance Co. of Ohio. The jury found Lincoln’s [...]

Peak Performance Solutions, Inc. has signed with Fifth Third Bank to offer web-based check printing services to the Property & Casualty Industry as part of Peak’s insurance technology solutions.
Check and Form Printing Outsourcing through Peak Performance and Fifth Third Bank provides a cost-effective solution to transform and enhance your check/notice/disclosure/form printing and distribution process. By [...]

Max Capital Group Ltd. (NASDAQ: MXGL; BSX: MXGL BH) today announced that the estimated total return on its overall investment portfolio, including unrealized gains and losses, for the quarter ended December 31, 2008 is positive 1.0% and for the year ended December 31, 2008 is negative 1.7%. The estimated total principal increase on its overall [...]

Max Capital Group Ltd. (NASDAQ: MXGL; BSX: MXGL BH) today announced that the estimated total return on its overall investment portfolio, including unrealized gains and losses, for the quarter ended December 31, 2008 is positive 1.0% and for the year ended December 31, 2008 is negative 1.7%. The estimated total principal increase on its overall [...]

Rating agency A.M. Best has affirmed the excellent financial ratings of all Regence companies. A.M. Best evaluates Regence plans annually and issues a rating based on its assessment of each company’s financial strength.
“The current economic climate means that rating agencies are giving extra scrutiny to the financial health of the companies they evaluate,” said Mark [...]

In response to Moody’s Investors Service’s (Moody’s) downgrade of bond insurer Financial Security Assurance Inc. (FSA) to Aa3 with developing outlook, Robert P. Cochran, chairman and chief executive officer of Financial Security Assurance Holdings (FSA Holdings or the Company) and Financial Security Assurance Inc. (FSA), said: “We disagree with Moody’s on a number of points [...]

Principal Financial Group, Inc. announced that it has applied to participate in the U.S. Department of the Treasury’s Capital Purchase Program (TCPP), as a savings and loan holding company subject to oversight of the Office of Thrift Supervision. If The Principal participates in TCPP, the company would issue preferred shares and warrants to the Treasury. [...]

Unlike many financial companies that are cutting costs by reducing staffs, freezing new hires, and eliminating departments, CUSO Financial Services, LP, (CFS) a full-service broker dealer and Registered Investment Adviser that provides customized investment and insurance solutions to the credit union industry, today announced it has added Sandra deChastain to its program development team as [...]

In its 24th year as the principal sponsor of the Boston Marathon, John Hancock Financial today announced the signing of Olympic marathoner and American half marathon record holder Ryan Hall for the 113th running of the race on April 20, 2009.
The fastest American marathoner in 2007 and 2008, Hall has quickly proven himself as one [...]