Sumitomo Life Insurance is acquiring Dearborn Group's group life and disability business in the U.S. through Symetra Financial, aiming to enhance growth and profitability. Completion is expected by 2025 after regulatory approval.

Bermuda retains its top position in offshore reinsurance for US life and annuity insurers in 2024, accounting for over 40% of ceded reserves and enabling capital efficiency and growth despite a slowed reserve growth rate.

Symetra announces acquisition of Dearborn Group's life and disability business, forming exclusive L&D distribution partnership with HCSC to expand workforce benefits nationwide.

Saifr introduces an AI-driven compliance agent for life insurance and annuity advertising, enhancing regulatory adherence and operational efficiency for insurers.

Boston Mutual Life appoints Chris Allen as Regional Sales Director for Georgia, enhancing sales of workplace insurance products and strengthening broker relations in the Southeastern U.S.

Integrity partners with Elite Quality Insurance Group to enhance service delivery and expand reach in underserved communities through advanced technology and strategic collaboration.

Sapiens introduces AI-powered CoreSuite upgrades for life, pensions, and annuities management, enhancing operational efficiency, customer engagement, and legacy system migration in insurance.

5Star Life Insurance Company secures a place on Forbes' World’s Best Insurance Companies list for the third consecutive year, recognized for growth and customer service excellence in the U.S. life insurance market.

National Farm Life Insurance Company appoints new board members with expertise in healthcare, higher education, and agriculture to support strategic growth and policyholder service.

Coventry tops the 2024 U.S. life settlement market by purchasing over 1,300 policies worth $1.4 billion, introducing Enhanced Cash ValueSM to expand policyowner options.