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  • On the Move: Dec. 4, 2025
    by INNFeed on December 5, 2025 at 12:41 pm

    Boston Mutual Life Insurance Company has announced the appointment of Glenn Capps as regional sales director for Tennessee and Kentucky within its Distribution department. Prior to joining Boston Mutual Life, he held leadership and sales roles at companies including Horace Mann Insurance Company, Aflac, ABC Insurance Group, Great American Financial... The post On the Move: Dec. 4, 2025 appeared first on Insurance News | InsuranceNewsNet.

  • Judge approves PHL Variable plan; could reduce benefits by up to $4.1B
    by John Hilton on December 5, 2025 at 11:00 am

    A Connecticut judge signed off Tuesday on changes to a moratorium on benefits available to the financially troubled PHL Variable Insurance Co. The post Judge approves PHL Variable plan; could reduce benefits by up to $4.1B appeared first on Insurance News | InsuranceNewsNet.

  • Seritage Growth Properties Makes $20 Million Loan Prepayment
    by INNFeed on December 4, 2025 at 10:00 pm

    Seritage Growth Properties, a national owner and developer of retail, residential and mixed-use properties, announced that today the Company has made a voluntary prepayment of $20.0 million toward its $1.6 billion term loan facility provided by Berkshire Hathaway Life Insurance Company of Nebraska. With the prepayment, the Company has now repaid a total of... The post Seritage Growth Properties Makes $20 Million Loan Prepayment appeared first on Insurance News | InsuranceNewsNet.

  • AM Best Revises Outlooks to Negative for Kansas City Life Insurance Company; Downgrades Credit Ratings of Grange Life Insurance Company; Revises Issuer Credit Rating Outlook to Negative for Old American Insurance Company
    by INNFeed on December 4, 2025 at 9:21 pm

    AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Kansas City Life Insurance Company. At the same time, AM Best downgraded the FSR to B+ from B++ and the Long-Term ICR to“ bbb-” from“ bbb” of Grange Life Insurance Company. Concurrently, AM Best has revised the outlook to... The post AM Best Revises Outlooks to Negative for Kansas City Life Insurance Company; Downgrades Credit Ratings of Grange Life Insurance Company; Revises Issuer Credit Rating Outlook to Negative for Old American Insurance Company appeared first on Insurance News | InsuranceNewsNet.

  • AM Best Affirms Credit Ratings of Bao Minh Insurance Corporation
    by INNFeed on December 4, 2025 at 5:30 pm

    AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of“ bbb” and the Vietnam National Scale Rating of aaa.VN of Bao Minh Insurance Corporation. The outlook of these Credit Ratings is stable. The ratings also factor in the neutral impact from BMI’ s majority owner, State Capital Investment Corporation, which is the sovereign... The post AM Best Affirms Credit Ratings of Bao Minh Insurance Corporation appeared first on Insurance News | InsuranceNewsNet.

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