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Insurance

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Fitch upgrades Athene’s financial strength ratings to A+

Fitch Ratings has upgraded the Insurer Financial Strength ratings for operating subsidiaries of Athene Holding Ltd. from A to A+ (strong). The ratings upgrades apply to Athene Annuity & Life Assurance Co., Athene Annuity and Life Co., …

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New business increases F&G assets by 29% in first quarter

Des Moines-based annuity and life insurance company F&G reported total sales of $2.6 billion in the first quarter of 2022, a 57% increase over first quarter 2021 and an increase of 18% from the fourth …

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Ready for growth: More members, investments ahead for FIN Capital

FIN Capital Investor Association, Iowa’s female angel investor network, is shaking off the fog of the pandemic and preparing to recruit more investor-members this year.


Despite the challenges created by the pandemic, FIN Capital has …

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Lee Enterprises reports digital growth in second quarter

Quad-City Times: Paid digital-only subscriptions at Lee Enterprises Inc. increased 51% from the previous year in the second quarter that ended in March, putting the Davenport-based media company six months ahead of its goal for growth …

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Stocks have worst month since March 2020

April was a brutal month for a majority of stocks. The S&P 500 fell 8.8% in April and the Dow industrials declined nearly 5%, the worst monthly performance for the indexes since March 2020, according to …

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Huge layoffs expected at Lee Enterprises

Axios: Lee Enterprises has been quietly laying off dozens of employees across its local papers and at the corporate level as it continues to cut costs following the unsolicited takeover bid from hedge fund Alden Global …

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Chicago-based life and annuity company Kuvare establishes Des Moines office

Kuvare US Holdings, a Chicago-based annuity and life insurance company with operations in Cedar Rapids, last week opened a Des Moines office and plans to staff the new location with about 50 insurance professionals within …

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Iowa Supreme Court rejects COVID-loss suit

Iowa’s highest court on Friday became the second state supreme court to weigh in on whether businesses can recover losses they suffered due to the COVID-19 pandemic through insurance, Reuters reported. The Iowa Supreme Court ruled that …

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Gaer named president of Recoop Disaster Insurance

Recoop Disaster Insurance in West Des Moines announced it has appointed Steve Gaer as its new president. Gaer joined the insurance startup company this month on a part-time basis while continuing in his current role …

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New insurance reporting standard aims at increasing transparency of climate-related risks

The number of U.S. insurance companies that provide publicly available climate-related-risk reports is expected to jump to nearly 400 this year — compared with 28 last year — under a new reporting standard adopted last week …