Mike Lindell, the CEO of MyPillow and a fervent supporter of former President Donald Trump, has been a prominent figure in the controversy surrounding the 2020 U.S. presidential election. His persistent promotion of election fraud claims has led to significant legal and financial repercussions.
ICICI Prudential Life Insurance, in collaboration with Reinsurance Group of America (RGA), has launched a groundbreaking health product named ICICI Pru Wish. This innovative insurance plan is specifically designed to address critical illnesses and surgeries unique to women. By offering immediate
As retirement planning becomes increasingly complex, many individuals are exploring various financial products to secure their futures. One such product gaining considerable traction is the annuity. With recent legislative changes and evolving market trends, annuities are becoming a popular choice
The reinsurance market witnessed a significant transformation in 2024, marked by the remarkable growth of alternative reinsurance capital. This surge, driven by the expansion of insurance-linked securities (ILS) and catastrophe bonds, has reshaped the landscape of the reinsurance industry.
At the start of 2025, the reinsurance market witnessed significant changes, particularly in the property catastrophe treaty business and the retrocession market. The broking group Howden provided an in-depth analysis of these trends, highlighting notable price reductions and the factors driving
Saudi Re's recent announcement of a reinsurance contract with Walaa Cooperative Insurance Company marks a significant milestone in the Saudi insurance industry. This deal, centered around the Surety Insurance Bonds Coinsurance Program, is poised to provide financial guarantees ensuring that
On January 1, 2025, Aon, a prominent global insurance and reinsurance broking group, successfully completed the acquisition of Griffiths & Armour, a distinguished UK insurance broker. This strategic move aims to broaden Aon's regional footprint in the UK and Ireland, allowing both entities
On December 31, 2024, Taiping Reinsurance Co., Ltd. (Taiping Re) issued Asia's first dual-peril, dual-trigger catastrophe bond, worth $35 million, in Hong Kong. This was an important milestone in the financial world because it represents a new level of sophistication in catastrophe bonds.
The Trustees of the Airways Pension Scheme have successfully completed a £340 million longevity swap transaction with Metropolitan Tower Life Insurance Company, a subsidiary of MetLife. This significant financial maneuver, facilitated by Zurich UK, aims to mitigate the financial risks associated
In a concerning development, DAP Health and its subsidiary Borrego Health have reported a potential data privacy breach. The breach was initially detected earlier this year, raising significant concerns about the security of sensitive patient information. Delving into the details of this breach, it
