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Insurance Business Magazine | February 05, 2020
After the US House of Representatives passed what some experts called a head-scratching short-term measure to extend the National Flood Insurance Program (NFIP) through December 20, 2019, the President then signed legislation passed by Congress to extend the program through to September 30, 2020. However, that doesn’t mean the issues plaguing the NFIP are solved – far from it, in fact. If the Biggert-Waters Flood Insurance Reform Act of 2012 had been successfully implemente...
Insurance Business America | April 02, 2020
Turn the clock back just a few months and it’s fair to say that nobody would have seen the coronavirus pandemic coming. However, in this short space of time “business as usual” has become anything but – and insurers have been sent spinning as a result. With a host of legal cases threatening to put insurance companies on the hook for business interruption claims, firms within the sector have become increasingly concerned about employees, customers and shareholders filing c...
Balance RE | September 01, 2021
Balance Re, the life reinsurance start-up specialised in quantitative asset-liability management, today announced it has raised $10m in Series A funding from leading financial services investor Anthemis Group, with participation from Global Brain and the company's existing investors, Roland Berger Industries GmbH and Talabot Finance.
Balance Re offers comprehensive reinsurance solutions to life insurance companies and pension funds to support capital management related to thei...
Mutual of America | April 27, 2022
Mutual of America Financial Group announced today that it has entered into a Stock Purchase Agreement to acquire Landmark Life Insurance Company, a widely licensed Texas life and annuity insurance company ("Landmark Life"). The transaction is expected to close during the third quarter of 2022, subject to customary closing conditions, including regulatory approval.
The acquisition of Landmark Life represents another positive step toward achieving Mut...
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