UK Pension Credit campaign targets 660K households with £4,500 annual aid
UK government launches a Pension Credit campaign targeting 660,000 households, offering eligible pensioners an average income boost of over £4,500 a year
Life Insurance News
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Pacific Life Re enters US reinsurance market with $3 bn longevity deal
Pacific Life Re enters the US longevity reinsurance market through a $3 bn transaction with American National Insurance, expanding its global retirement business
JPMorgan downgrades Ethos Technologies stock (LIFE) to Neutral
JPMorgan downgrades Ethos Technologies to Neutral with a $37 target as Ethos Life shares trade at $36.50, despite 113% quarterly revenue growth
Life insurtech Ethos raises full-year 2026 revenue forecast to $727–731 mn
Ethos, a US digital life insurance platform, increased its full-year 2026 revenue forecast to between $727 mn and $731 mn
Fitch affirms Sun Life’s A+ credit rating with stable outlook
Fitch maintains Sun Life’s A+ issuer and AA insurer ratings, citing strong earnings, capital adequacy and liquidity despite rising investment risk and leverage
Canada Life commits $10 bn to Canadian infrastructure projects
Canada Life plans to invest $10 bn over five years in Canadian infrastructure, energy, transportation and digital assets, subject to investment return targets
Fitch affirms Great-West Lifeco A+ rating with stable outlook
Fitch maintains Great-West Lifeco’s A+ issuer rating and AA insurer financial strength ratings, citing strong capital, earnings growth and manageable leverage
AM Best affirms Everlake Life Group ratings at A
AM Best affirms Everlake Life Group’s A financial strength rating and a+ issuer credit ratings, with stable outlooks for both insurers
Genworth long-term care adds Family Caregiver Benefit
Genworth long-term care policyholders in eligible states will be able to use benefits for qualified care provided by family members under a new option
Venerable Annuity platform to add $4.5 bn of Guardian assets
Venerable Annuity expands its investment advisory platform as about $4.5 bn of Guardian separate account assets move through proposed fund mergers
Lincoln Financial to report Q3 2026 results
Lincoln Financial, a U.S. financial services and insurance company, will report its third-quarter 2026 financial results on Nov. 5. The results cover the three months ended Sept. 30
Luigi Mangione’s New York murder trial postponed over double jeopardy claim
Luigi Mangione’s New York murder trial is postponed indefinitely as his lawyers seek dismissal after his federal guilty plea in the Brian Thompson case
Fortitude Re parent acquires Dayforward annuity insurtech platform
Fortitude Re parent FGH Parent acquires Dayforward’s annuity technology platform, distribution agreements, IP, agency operations and employees
Hanwha Life to acquire Acuon Capital for $323 mn
Hanwha Life will acquire 50.54% of Acuon Capital for $323 mn and invest $367 mn in Hanwha Investment & Securities
Life insurer TAL survey: 37% of Australians cancel social plans due to fatigue
Australian life insurer TAL finds fatigue, financial pressure and busy schedules prevent social connection, despite its importance for mental wellbeing
National Life adds new index options to SummitLife Indexed Universal Life Insurance product
National Life Group adds Bloomberg MAVIN 10, Nasdaq 100 Multi-Asset Edge 8% and new S&P 500 crediting options to its SummitLife IUL product
Sun Life Insurance expands AI tools for financial advisors in Canada
Sun Life expands AI tools for Canadian financial advisors with Notes Assistant and an AI concierge, cutting admin time and speeding access to client information
Korea life insurance association brings AI into core operations
South Korea’s life insurance association is deploying AI for complaints, ad reviews, internal rules and licensing exam questions, with 17 use cases planned
Hanwha Finance deepens Abu Dhabi ties through digital asset partnerships
Hanwha Finance expands cooperation with Abu Dhabi across digital assets, stablecoins, payments and financial infrastructure under its Digital Asset Silk Road plan
Fitch affirms MetLife ratings with stable outlook amid strong earnings
Fitch affirms MetLife’s AA- insurer financial strength ratings and A issuer rating, citing capital, earnings, market position and lower liability risk
Life insurers struggle to convert strong consumer demand into sales
Capgemini and LIMRA find strong global demand for life insurance, but complex buying journeys and weak post-sale contact continue to hurt conversion
Wonderful expands AI operating platform for insurance workflows
Wonderful is extending its AI operating platform across underwriting, claims, servicing and compliance for P&C, life and health insurers
Insurtech Sixfold launches AI Underwriter for life and health insurance
Sixfold launched an AI underwriting platform for life, disability, long-term care and critical illness, producing case recommendations with cited evidence
Manulife Asia Insurance and Ant Health explore cross-border healthcare services
Manulife Asia and Ant Health signed an MOU to explore cross-border healthcare services, digital health tools and insurance technology in Asia
Certua Life partners with Heka to offer Surely life insurance
Certua Life has partnered with employee benefits platform Heka to offer personalised individual life insurance through its Surely brand
Cathay Life joins Global Asia Insurance Partnership as Principal Partner in Asia
Taiwan’s Cathay Life joined the Global Asia Insurance Partnership as a Principal Partner to work on protection gaps and emerging insurance risks
US offshore life reinsurance reserves reach $1.3 tn
US life insurers ceded $1.3 tn of reserves offshore in 2025, nearly double 2020 levels, with Bermuda accounting for 85%, according to Fitch
Chariot Re raises $700 mn in third capital round, taking total capital above $2 bn
Chariot Re raised about $700 mn in equity and debt, taking total capital raised since its 2025 launch above $2 bn
Former Alabama sheriff’s deputy indicted in $24 mn life insurance fraud case
Federal prosecutors charged a former Alabama deputy and his wife in an alleged identity theft and life insurance fraud scheme involving $24 mn in policies
Delaware Life Insurance case puts insurer governance in focus
Fitch says Delaware Life’s investment reclassification shows governance pressure as U.S. life insurers add private credit and affiliated exposure
EIOPA presses private equity on long-term European insurer ownership
European supervisors want PE buyers of insurers to prove long-term support for policyholders, with scrutiny on private credit and affiliated deals
European insurers’ premiums reach €923 bn in 2025
European insurers maintained steady growth in 2025, according to the latest Mapfre Economics report. The continent’s 20 largest insurance groups recorded €922.8 bn
Delaware Life Insurance faces scrutiny over Mark Walter-linked credit bets
US prosecutors examine whether Walter-controlled life insurers disclosed private credit investments tied to affiliated ventures
Life insurance settlement payouts reached $627 mn in 2025
LISA members paid consumers $626.6 mn in 2025, with life settlements delivering nearly nine times policy surrender values
Festina Finance raises €25 mn to expand life insurance and pension technology across Europe
Festina Finance secured more than €25 mn from Birchway Capital to expand its cloud-native pension and life insurance platform across Europe
Canada life insurers use AI to close 42% insurance coverage gap
Manulife and PolicyMe expand AI underwriting as 42% of Canadians lack life insurance or remain unsure about their coverage
Global life insurance consolidation to keep pace in 2026
Fitch expects global life insurance consolidation to continue as insurers reshape balance sheets, with Germany, the UK, the US, and Japan driving deal activity
Private credit shock would hit European insurers and pension funds hardest
ECB stress exercise finds European insurers and pension funds face heavier private credit losses than banks, due to larger exposures and market revaluations
PZU is acquiring MetLife Ukraine, the leading life insurer in the Ukrainian market
Polish PZU will acquire 100% of MetLife Ukraine, strengthening its life insurance position in Eastern Europe while MetLife continues normal operations until completion
Iowa lawsuit targets premium-financed life insurance strategy
An Iowa widow has filed suit over a complex life insurance structure that, she claims, turned a debt-free farm into a leveraged risk
Liberty Mutual taps insurtech Ethos to launch instant digital life insurance
Liberty Mutual partners with Ethos to deliver a fully digital, no-exam life insurance journey with instant decisions
Life reinsurance capital tops $160 bn as third-party investors expand
Guy Carpenter says global life reinsurance capital is set to rise above $160 bn in 2025, with third-party backing and asset-intensive deals driving faster growth
Standard Life agreed to acquire Aegon UK for £2 bn in retirement savings push
Standard Life agreed to acquire Aegon UK for £2bn, creating the UK’s largest retirement savings and income business with 16mn customers
Brittni Mealy says Future ignored court-ordered $500,000 life insurance policy
Brittni Mealy asked a Georgia court to hold Future in contempt, alleging he failed to secure a $500,000 life insurance policy for their son Prince
China rolls out long-term care insurance as ageing pressure builds
China launched a long-term care insurance system to support people with lasting disabilities and ease pressure on families as the population ages
Insurtech Heathos launches unified life insurance platform for agencies
Heathos introduced a unified life insurance platform that brings carriers, workflows, and commission reporting into one system for agencies selling multiple products
AI is reshaping life underwriting workflows, Pacific Life survey shows
Pacific Life’s underwriting survey shows wider AI use, stronger demand for structured health data, and growing concern over underwriting talent
Insurtech Akur8 acquires Slope Software to expand into life actuarial technology
Akur8 acquired Slope Software to enter life and annuity actuarial modeling, broadening its platform beyond P&C with cloud-native tools
Insurtech Azos raises $24 mn to expand AI push in Brazil life insurance
Azos secured R$125 mn ($24 mn) to scale AI tools and grow in Brazil’s individual life insurance market, where Bradesco and Prudential still dominate
Washington requires life insurers to add lapse notices and third-party alerts
Washington mandates insurers notify policyholders and third parties before life insurance lapses, adding delivery proof rules from 2027
Certua Life launches as first new UK protection insurer in 20 years
Certua Life enters the UK market with embedded life insurance products, targeting unmet demand through fintech, benefits, and wealth platforms
Canada Life Insurance completes £80 mn Safeway pension buy-in
Canada Life finalises £80m buy-in with Safeway Pension Scheme, securing benefits for 1,800 members as trustees advance de-risking strategy
NASCAR driver Kyle Busch settles $8.5 mn suit against Pacific Life
NASCAR driver Kyle Busch resolves $8.5 mn lawsuit alleging Pacific Life and agent misled him on indexed universal life projections
German P&C and life insurance profit easing in 2026 after strong 2025 – Moody’s
Moody’s says German P&C and life insurers improved in 2025, but expects underwriting profitability to soften in 2026 as cat losses normalise
Deutsche Bank weighs return to life insurance via Frankfurter Leben
Deutsche Bank and DWS consider a minority stake in Frankfurter Leben, reopening life insurance exposure after a decade away from the sector
Insurtech Pasito raises $21 mn Series A to build AI workspace for benefits
Pasito secures $21 mn Series A led by Insight Partners to scale its AI-native workspace across group health, life, and retirement benefits operations
Insurtech Gain Life rebrands to Crosstie to scale AI insurance workflows
InsurTech Gain Life rebrands as Crosstie, expanding AI-driven workflow automation across P&C insurance operations, claims, underwriting, and customer self-service
Pacific Life seeks dismissal of Kyle Busch’s $8.5 mn life insurance suit
Pacific Life asks a federal court to throw out NASCAR driver Kyle Busch’s lawsuit over indexed universal life policies, calling the claims unfounded
Most of the leading Korean Life Insurers reported a drop in shareholders’ equity
Fitch Ratings’ assessment of the company profiles of its rated Korean life insurers takes into consideration the insurers’ operating scale, franchise value, business risk profiles
Insurtech Akur8 acquires Matrisk to add AI filings intelligence to pricing
Akur8 buys Matrisk and launches Akur8 Discover, adding AI-powered regulatory filings search and market intelligence to its P&C pricing platform
Aerospace and defense M&A reached 532 deals in 2025, as business aviation attracts private equity, family offices, and growth investors
Global InsurTech funding rose 19.5% to $5.1 bn, with Q4 driving momentum as deal count and average size increased sharply, marking the first annual increase since 2021
InsurTech moves past disruption narrative, focuses on underwriting, AI, and operational efficiency as funding drops and insurers demand measurable results
Global insurance M&A stabilised, as insurers and brokers took a more strategic approach to acquisitions amid falling interest rates and a realignment of strategic priorities