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MassMutual to buy Great American Life Insurance

Massachusetts Mutual Life Insurance Co. is snapping up another major annuity provider, Great American Life Insurance Company, for $3.5 billion, the company announced Wednesday. Cincinnati-based Great American was the 13th biggest fixed annuities seller during the first three quarters of 2020, at about $2.4 billion, also making it the 20th biggest seller of annuities overall, according to data from Limra’s Secure Retirement Institute. The company, which is wholly owned by American Financial Group, provides fixed and fixed indexed annuities. The deal appears to reinforce MassMutual’s focus on its retail annuities business. Last year, the company sold its defined-contribution record-keeping...

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Disruptions at Pan-American Life Likely Caused by Ransomware Attack,

Disruptions at Pan-American Life Likely Caused by Ransomware Attack Recent service disruptions at the Pan-American Life Insurance Group (PALIG) were likely caused by a cyberattack conducted by a threat actor known for using the REvil ransomware. New Orleans-based PALIG provides life, accident and health insurance services across the Americas. The group has more than 20 member companies and employs roughly 2,000 people worldwide. The official website of PALIG (palig.com) currently only displays some contact information and the following message: “Pan-American Life Insurance Group is currently experiencing a disruption to some of our services and we are working to restore them. To...

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MassMutual buys Great American Life Insurance Co. for $3.5B -

SPRINGFIELD — MassMutual has a deal in place to buy Great American Life Insurance Co. from American Financial Group Inc. for $3.5 billion Great American Life will continue to be led by its current president, Mark Muething, and its more than 600 employees will remain headquartered in Great American’s hometown of Cincinnati as part of the transaction, according to a MassMutual news release issued Wednesday. Great American is a provider of fixed and fixed indexed annuities. MassMutual said the it expects that deal will significantly boost its presence in the retail annuity market and expand its distribution capabilities. The transaction is expected to close in the second quarter of this year....

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5 Things to Know About Life Insurance and Black America

5 Things to Know About Life Insurance and Black America Here are 5 things to know about life insurance and Black America that will help Black customers learn how to maximize their policies. Photo by Larry Crayton on Unsplash Many Black people have been told they should have life insurance but view the financial tool with limited lens. Some believe it’s simply to take care or burial expenses, while others don’t quite understand the stipulations of policy they have. Here are 5 things to know about life insurance and Black America. Surprise! Black people are more likely to purchase life insurance than other groups While countless Go Fund Me’s have given the impression that Black people just...

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Fire Insurance Market Size 2020, Brief Analysis by Top Companies – Allianz, Axa, Nippon Life Insurance, American Intl. Group, Aviva Scientect

New Jersey, United States,- Market Research Intellect recently added the Fire Insurance Market research report which provides an in-depth scenario analysis of the market size, share, demand, growth, trends, and forecast for the market from 2020 to 2027. The report covers the impact analysis of the COVID-19 pandemic. The COVID-19 pandemic has affected export-import, demand, and industry trends and is expected to have an economic impact on the market. The report provides a comprehensive analysis of the impact of the pandemic on the entire industry and provides an overview of a post-COVID-19 market scenario. The report majorly mentions definitions, classifications, applications, and market...

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Financial Help for Cancer Patients, American Life Fund

What is a viatical settlement? A viatical settlement when an individual who has been diagnosed with a life threatening-illness such as cancer, ALS, or Alzheimer’s disease (just to name a few), sells their life insurance policy to a third party. Cancer patients with life insurance policies can enter agreements with buyers to sell their life insurance policy in return for a lump-sum payment (more than the cash value of the life insurance policy and less than the death benefit). The life settlement company or independent agent takes over paying monthly insurance premiums to keep the policy in place, and receives the death benefit after the seller’s passing. Viatical settlements...

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History Of American Savings Life Insurance Company – American Life Financial

History Of American Savings Life Insurance Company Frihoff Allen, dreamer, creator, and founder of the company, had spent his early professional years as a life insurance agent and general agency manager, all the while putting aside funds in hopes of starting a local store. However, after attending the National Convention of Life Underwriters in 1949, he decided he quite liked the life insurance industry and would rather put his savings into building a life insurance company. Frihoff spent the next five years learning all he possibly could about life insurance and preparing for his solo foray into the world of life insurance management. The company began in Frihoff’s home and thrived off of...

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Accenture Completes Acquisition of NaviSys, a Leading North American Life Insurance Software and Services Provider, Accenture Newsroom

Accenture Completes Acquisition of NaviSys, a Leading North American Life Insurance Software and Services Provider NEW YORK; Sept. 5, 2006 – Accenture has completed its previously announced acquisition of NaviSys, a privately held company that specializes in software solutions for the North American life insurance industry. “Accenture’s acquisition of NaviSys comes at an opportune time for the industry, as carriers struggle to meet market demands and reduce operating costs in the face of outdated legacy systems,” said Matt Josefowicz, head of the insurance practice at Celent, an industry research firm that recently published a study on consolidation in the insurance software industry. “We...

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Comprehensive Analysis On Buildings Insurance Market 2020: Allianz, AXA, Nippon Life Insurance, American Intl. Group Scientect

The report presents a thorough overview of the competitive landscape of the global Buildings Insurance Market and the detailed business profiles of the market’s notable players. Threats and weaknesses of leading companies are measured by the analysts in the report by using industry-standard tools such as Porter’s five force analysis and SWOT analysis. The Buildings Insurance Market report covers all key parameters such as product innovation, market strategy for leading companies, Buildings Insurance market share, revenue generation, the latest research and development and market expert perspectives. For Sample Copy of Reports: https://www.contrivedatuminsights.com/request-sample/3694 The...

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General American Life Insurance Company Claims, Pillsbury Coleman

General American Life Insurance Company General American Life Insurance Company has issued life insurance policies and underwritten policies for individual clients. While these policies are no longer available, they are backed by Met Life, Inc. General American Life Insurance Company is a division of MetLife, Inc. Metlife is a leading provider of insurance policies, annuities, and employee benefit programs. This insurance company serves clients in the U.S. and across the globe. Over the past 30 years, the lawyers at Pillsbury & Coleman, LLP, have been representing individuals in ERISA claims, wrongful denials, wrongfully delayed claims and other disability insurance matters. Many of our...

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