Tag: life insurance company

National Western Life and Prosperity Life insurance companies to merge

H. Cutner
Issuance Companies - business- merger

The insurers issued a joint statement that they had just inked a $1.9 billion cash merger agreement. National Western Life Group, Inc. and Prosperity Life Group, have announced that a definitive Merger Agreement has been signed between them. This will involve the acquisition of National Western by an affiliate of Prosperity Life Group. Oe of Prosperity Life Group’s affiliates, the S. USA Life Insurance Company, Inc., will be acquiring National Western. The deal between the insurance companies will be entirely in cash in a transaction valued at about $1.9 billion.…

Read More

Veteran Insurance Executive Named FSL Vice President

PR Article
Insurance Executive Named FSL Vice President

May 18, 2020 — Fidelity Security Life Insurance Company (FSL) has named Tim Knott as its Vice President, Marketing. Knott brings more than 35 years of industry experience to FSL, most recently spending the past six years as Vice President of Group Insurance at Kansas City Life Insurance Company. Prior to that, he was Senior Vice President of Assurant Employee Benefits in Kansas City, Missouri. In his new position, Knott will be responsible for functions related to maintaining and growing existing partnerships, explore new product development, and seek new marketing…

Read More

Jay Z and Will Smith backed life insurance start-up valued at almost $500 million

Julie Campbell
Life insurance start-up - Robert Downey Jr. visits the Embassy

The company, called Ethos, gained considerable value in a Series C round led by big-name backers. San Francisco-based life insurance start-up, Ethos, has just gained an additional $60 million in funding and is now valued at just about $500 million. Existing investors include such big name celebs as Jay Z, Will Smith and Robert Downey Jr. During its Series C round of funding, the life insurance start-up was highly successful, with a round led by Alphabet’s (parent company of Google) venture arm, GV, as well as Goldman Sachs. Its existing…

Read More

Nestle is selling its Gerber Life Insurance for $1.55 billion

Julie Campbell
Gerber Life Insurance - Handshake - Business - Money

The transnational firm has announced its plans to sell the unit to Western and Southern Financial Group. Nestle announced this week that it intends to sell off its Gerber Life Insurance unit. Western and Southern Financial Group has agreed to purchase the life insurance unit for $1.55 billion in cash. Nestle chose to sell the insurance unit in order to send its attention back to its core businesses. The transnational company decided to let the Gerber Life Insurance firm go to place its focus back on the consumer health, food…

Read More

Life insurance premiums may soon be selfie-based

Julie Campbell
selfie life insurance premiums

Facial recognition technology could be used to better understand a person’s overall wellness. Selfies have become exceptionally commonplace, but these self-portraits may soon have an impact on life insurance premiums. In fact, as facial recognition and analysis technology continues to improve, it may one day determine whether or not someone even qualifies for a policy. The reason is that selfies provide a great deal of information about a person’s health and aging. The various details picked up by a selfie, such as drooping skin, fine lines and wrinkles, contours and…

Read More