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 [...]
Unity Life of Canada, a Foresters company, and Forethought Financial Group, announced that they have entered into an agreement under which Unity Life will acquire the insurance business of Forethought’s Canadian branch, Forethought Life Insurance Company. Forethought is a leading U.S. based provider of insurance and financial solutions related to retirement and end of life [...]
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 [...]
Empire BlueCross BlueShield (Empire) announced approval by the New York Department of Insurance to begin offering Life and Disability insurance as part of their broad benefit portfolio. Available through the New York-based affiliate, Anthem Life & Disability Insurance Company, this addition makes Empire a leading information resource and one-stop shop for medical, pharmacy, dental, vision, [...]
FINEOS Corporation, a global provider of innovative enterprise software solutions for insurance, bancassurance, and government, today announced that it has been selected as the claims management solution for life and income protection (disability) claims at SalusAnsvar, one of Sweden’s leading life assurance companies. FINEOS Claims will replace the existing solution and the project will commence [...]
Allied World Assurance Company Holdings, Ltd announced the recent opening of two new Allied World U.S. offices in California, located in Costa Mesa and Los Angeles. These offices were opened to expand distribution of Allied World’s specialty products throughout the Western region of the United States, and to affirm Allied World’s ongoing commitment to [...]
Soleil Securities Corporation, a provider of value-added, independent equity research and brokerage services, announced today the addition of three new analysts to its platform. Joining Soleil are Harry Fong, covering the insurance industry; Kit Konolige, covering large-cap utilities; and Manoj Garg, covering biotech and specialty pharmaceuticals. Including these additions, Soleil’s network of research analysts totals [...]
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 [...]
Soleil Securities Corporation, a provider of value-added, independent equity research and brokerage services, announced today the addition of three new analysts to its platform. Joining Soleil are Harry Fong, covering the insurance industry; Kit Konolige, covering large-cap utilities; and Manoj Garg, covering biotech and specialty pharmaceuticals. Including these additions, Soleil’s network of research analysts totals [...]
Seyfarth Shaw LLP, one of America’s leading full-service law firms, today announced that the firm’s New York office has significantly deepened its Business Services Department bench with the addition of a team consisting of nine corporate and finance attorneys, four trusts and estates lawyers and one real estate attorney. Stanley E. Bloch, Lawrence B. Brownridge, [...]
