Aviva Advances Individual Annuities with GBST's Composer Platform

Aviva partners with GBST to deploy Composer platform, enhancing individual annuities through automation and innovative retirement products for improved operational efficiency.

EXL Migrates LifePRO Digital Suite to AWS to Enhance Life Insurance Platform

EXL completes migration of LifePRO Digital Suite to AWS, enhancing scalability, AI integration, and compliance for life and annuity insurance platforms.

Maryland Powerball Jackpot Near-Miss Leads to $1 Billion Roll Over

Maryland Powerball players narrowly missed the jackpot, causing the prize to roll over to $1 billion. The latest drawing highlights lottery sales impact and state revenue from gaming.

Recordkeepers Must Prepare for In-Plan Annuities within Target Date Funds

Survey highlights growing demand for in-plan annuities in Target Date Funds, urging recordkeepers to invest in integration, expertise, and education to meet plan sponsor needs.

Federal Reserve Lowers Interest Rate Amid Rising Employer Health Insurance Costs

Federal Reserve cuts interest rate but signals cautious future cuts as employer health insurance costs rise faster than inflation. CFNEI CEO to speak at economic symposium.

Hildene Capital to Acquire SILAC Insurance Company for $550M

Hildene Capital Management to acquire SILAC Insurance in a $550 million deal, expanding fixed indexed annuity offerings and investment management integration.

Major Advisor Transitions Bring $1.45B Assets to IFP, Prudential, Avantax

Key advisor team transitions in U.S. wealth management bring $1.45 billion in assets under management to Independent Financial Partners, Prudential Advisors, and Avantax, highlighting trends in advisor consolidation and tax-efficient financial planning.

Birla Estates Expands Bengaluru Real Estate Portfolio with Mitsubishi Venture

Birla Estates partners with Mitsubishi Estate to boost residential and commercial real estate projects in Bengaluru, targeting ₹14,000 crore in launches by FY26.

U.S. Life Insurers Face Q3 Earnings Decline Amid Market Volatility

U.S. life insurers saw a 17% drop in operating earnings in Q3 2011 due to equity market declines and low interest rates, Moody's reports. Financial flexibility remains strong despite earnings challenges.

Guardian Expands MarketPerform RILA with New Crediting Strategies

Guardian Life Insurance enhances MarketPerform RILA with new Crediting Strategies, boosting flexibility and growth potential without extra fees in retirement annuities.