Hildene Capital Management is set to acquire SILAC Inc., an annuity provider with $10B in assets, for $550M. Simultaneously, Jefferies Financial Group purchases a 50% stake in Hildene. Deals expected to close by 2026 pending regulatory approval.
Sammons Financial Group names Rob TeKolste as President, advancing its 2030 growth strategy with a focus on expanding insurance and wealth management services. Key leadership changes position the company for sustainable growth and diversification.
Jefferies Financial Group to acquire 50% stake in credit asset manager Hildene Capital, expects $75M pretax gain by Q3 2026. Morgan Stanley upgrades rating on capital market rebound prospects.
Berkshire Hathaway announces key leadership changes in its insurance division, including a new GEICO CEO and plans for CFO succession, reinforcing its strategic governance and operational expertise.
Amundi reduces stake in The Hartford Insurance Group amid active institutional investment and dividend increase. Analysts offer mixed to positive stock ratings indicating stable growth prospects.
Binghamton University finalized a $5.5M purchase of Columbian Financial Group's former office complex amid insurer financial distress, supporting faculty and staff growth. The state's financial services department managed insurer rehabilitation and approved the sale. SUNY plans to convert the property to expand university operations.
Great-West Life & Annuity Insurance Company has submitted a trademark application for 'EMPOWER INVESTMENTS,' a broad financial services brand covering digital portfolio management, retirement planning, investment advisory, and cybersecurity features.
Bipartisan INVEST Act advances to House, expanding 403(b) access to collective investment trusts and annuity options, enhancing retirement security and reducing costs.
ChoiceOne Financial Services announced a $0.29 per share quarterly dividend, up $0.01 from the prior quarter, reflecting steady growth in shareholder returns within its banking and insurance operations.
Trucordia acquires Global Financial & Insurance Services to enhance national insurance brokerage capabilities and expand risk management and financial services offerings.
