Everyone is talking this week about a big annuity purchase. Athene Annuity & Life Assurance Company of Delaware, a subsidiary of Athene Holding Ltd. of Bermuda, purchased Presidential Life Corporation. According to Marketwatch’s “Athene Annuity to buy Presidential Life,” the deal is worth $415 million …
A recent press release by A.M. Best announces that they have revised their rating of Nationwide Financial Services to negative. Nationwide’s rating had been stable. A.M. Best says that the downgrade are is largely due to the fact that the firm’s financial performance is heavily …
In Kiplinger’s Personal Finance magazine, Kimberly Lankford advised individuals with annuities or life insurance policies from AIG to sit tight. Despite the well-publicized struggles of its other divisions, the life insurance subsidiaries are mostly unaffected and currently have an A rating from A.M. Best (under …
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