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
Life Insurance News
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
Dai-ichi Life backs first CCS bond with ¥4.7bn Port of Rotterdam deal
Dai-ichi Life invests ¥4.7bn, about $30mn, in the first carbon capture bond issued by the Port of Rotterdam, taking over half the deal size
Tiffany Norman to lead Hannover Life Re US as President and CEO
Hannover Life Reassurance Company of America names Tiffany Norman as president and CEO, effective Jan. 1, 2026, following Pete Schaefer’s retirement
Hanwha Life acquires Velocity Clearing, Korean insurer entry into U.S. securities market
Hanwha Life has completed the acquisition of a 75% stake in New York-based financial services firm Velocity Clearing, marking a strategic expansion into U.S. capital markets
Globe Life launches Bermuda reinsurer Globe Life Re for affiliate business
Globe Life forms and licenses Globe Life Re in Bermuda to assume affiliated quota share reinsurance under arm’s-length arrangements
German life insurance sector run-off deals to accelerate in 2026 – Fitch
Fitch expects faster consolidation in German life insurance as closed-book sales rise, with up to EUR25bn in run-off transactions possible
Nippon Life Insurance moves to acquire MDV to expand health data strategy
Nippon Life launches a tender offer for Medical Data Vision, aiming to deepen use of health data and analytics across insurance and healthcare
Iowa Attorney back dismissal of Lockheed pension transfer lawsuit
Nine state attorneys general urged a federal court to dismiss a lawsuit challenging Lockheed Martin’s pension risk transfer to Athene
MetLife declares preferred dividends and closes $10 bn annuity transfer
MetLife sets preferred dividends and completes a $10bn variable annuity risk transfer to Talcott, cutting legacy exposure and trimming hedge costs
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Life insurance customer trust fell in 2026, particularly among Gen Z and financially vulnerable consumers, despite stable overall satisfaction
Hymans Robertson projects the UK state pension could reach £33,000 by 2050 under Labour's adjusted triple lock, reducing pension spending by up to 4.6%
The US individual life insurance market delivered another growth quarter in Q2 2026, as total new annualized with excess premium reached $4.7 bn
The global insurance sector outlook remains ‘neutral’ at 2026, as business conditions have been resilient across most markets to the more challenging macroeconomic environment