Life Insurance

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has affirmed the financial strength rating ... “Risk Management and the Rating Process for Insurance Companies” The rating affirmations are based on Allstate New Jersey’s solid risk-adjusted ...  

NEWARK, N.J.--(BUSINESS WIRE)--Prudential Retirement, a business unit of Prudential Financial, Inc. (NYSE: PRU), today announced its first longevity reinsurance transaction of 2012. Under the terms of the transaction, Prudential Retirement will provide reinsurance of longevity risk to Rothesay Life, a wholly-owned subsidiary of The Goldman Sachs Group, Inc. The transaction initially covers pension liability values of GBP 423 million...  

My colleague David Hiltbrand traces the history of Flo and the Geico Gecko in an article today about the flood of TV ads for auto insurance over the last decade. As he explains, Geico was a pioneer in bypassing agents and selling directly to consumers.  

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has downgraded the financial strength rating to B (Fair) from B+ (Good) and issuer credit rating to “bb+” from “bbb-” of Repwest Insurance Company (Repwest) (Phoenix, AZ). Both ratings have been placed ...  

SEOUL (Reuters) - Prudential Financial Inc (NYSE:PRU - News), the No.2 U.S. life insurer, has hired Bank of America Merrill Lynch (NYSE:BAC - News) to advise on its possible bid for ING Groep NV's (Amsterdam:ING.AS - News) Asian insurance ...  

NEWARK, N.J.--(BUSINESS WIRE)-- Prudential Financial, Inc. (NYSE: PRU) announced today that it will participate in the Bank of America Merrill Lynch 2012 Insurance Conference in New York City on Wednesday, February 15, 2012. On that day at approximately 8 ...  

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has downgraded the financial strength rating (FSR) to A (Excellent) from A+ (Superior) and issuer credit rating (ICR) to “a” from “aa-” of New England Mutual Insurance Company (NEMIC) (Quincy ...  

OLDWICK, N.J., Feb 06, 2012 (BUSINESS WIRE) -- A.M. Best Co. has upgraded the financial strength rating (FSR) to A (Excellent) from A- (Excellent) and issuer credit rating (ICR) to "a" from "a-" of Fremont Insurance Company (Fremont) (Fremont, MI).  

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating of A- (Excellent) and issuer credit ratings of “a-” of Atradius Trade Credit Insurance, Inc. (ATCI) (Hunt Valley ...  

A wholly owned subsidiary of Prudential Financial Inc., Prudential Group is among the largest group life and disability insurance ... project's charter perhaps sums it up best: "CustomerONE is Prudential Group Insurance's Strategic Servicing ...  

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has released a briefing that provides updated estimates of insurers’ losses from the Thailand floods. Insurers’ estimates of industry wide losses from the Thailand floods have increased 50% to USD 15 billion since A.M. Best’s last briefing on this event (“Thai Flooding Brings Industrial, Business Interruption Claims”), published Nov. 23, 2011. Such a loss would place the Thai floods in a tie for...  

A.M. Best Co. has upgraded the issuer credit rating to "bbb+" from "bbb" and affirmed the financial strength rating of B++ (Good) of Farmers Mutual Insurance Company (WV) (Farmers) (White Hall, WV). The outlook for both ratings was revised to ...  

Prudential Financial Inc. (PRU), the life insurer that expanded ... Star Life Insurance Co. and Edison Life Insurance Co., are being combined with a business that Prudential has built in Japan for two decades. The insurer uses derivatives ...  

Liberty Mutual Insurance has appointed Deborah L. Michel executive vice president, Commercial Markets, general manager, Major Accounts and president of Helmsman Management Services, the insurer's wholly-owned third party administrator (TPA) (see also ...  

HARRISBURG, Pa., Feb. 2, 2012 /PRNewswire via COMTEX/ -- The Pennsylvania Insurance Department is among seven lead states that today announced a settlement with Prudential Insurance Company of America and some of its affiliates. "Our multi-state ...