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Insurance

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F&G announces promotions within leadership team

Des Moines-based life and annuity company F&G announced several internal promotions of its leadership team. David Martin has been named as F&G’s new chief risk officer, succeeding Wendy Young, who was recently promoted to chief financial officer. …
By BPC Staff | Apr 7, 2022
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ISU economist says Russian invasion could open new commodity markets

Radio Iowa: Iowa farmers could inadvertently find new markets for their commodities because of the Russian invasion of Ukraine. Chad Hart, an agricultural economist with Iowa State University, explains. “If Russia and Ukraine aren’t able to …
By BPC Staff | Mar 30, 2022
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Berkshire Hathaway to buy insurer Alleghany for $11.6 billion

Wall Street Journal: Berkshire Hathaway Inc. today said it agreed to buy insurer Alleghany Corp. for about $11.6 billion, as billionaire Warren Buffett’s investment vehicle puts some of its massive cash pile to work in a …
By BPC Staff | Mar 21, 2022
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Senate banking chair warns about private-equity ties to insurers, questions risks

The chair of the U.S. Senate banking committee this week asked federal and state insurance regulators to gather data on whether the increasing presence of private equity funds in the insurance industry creates risks for …
By BUSINESS RECORD STAFF | Mar 18, 2022
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Speakers, agenda announced for 2022 Global Insurance Symposium

The Greater Des Moines Partnership has announced the lineup of insurance, technology and government leaders who will headline the 2022 Global Insurance Symposium, to be held in Des Moines on April 19-21. The theme of this …
By BPC Staff | Mar 17, 2022
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American Enterprise names three new board members, releases annual report

Des Moines-based American Enterprise Group Inc. announced the appointment of three industry leaders to the board of American Enterprise Mutual Holding Co., the parent company of AEG. The new board members are Susan Harnett, James …
By BPC Staff | Mar 17, 2022
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Grinnell Mutual partners with UnityPoint Health at Work to open on-site clinic

Grinnell Mutual announced that it recently opened an employee health clinic at its headquarters in Grinnell. The Health Matters Clinic, which opened Feb. 14, provides mental health, musculoskeletal injury prevention and health coaching for Grinnell …
By BPC Staff | Mar 16, 2022
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Life and annuity company F&G to go public through stock dividend to FNF shareholders

Fidelity National Financial Inc., a title insurance company, today announced its intention to distribute a dividend of 15% of the common stock of its wholly owned subsidiary F&G Annuities & Life Inc., which is based in Des …
By BPC Staff | Mar 16, 2022
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Iowa investment company concealed conflicts of interest, SEC says

Des Moines Register: An Iowa-based investment firm failed to inform clients for years that it was steering their money into investments that generated extra money for the company but may not have been as advantageous to …
By BPC Staff | Mar 14, 2022
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Wells Fargo provides $1.5 million grant to How Women Lead for venture fund

Wells Fargo today announced new resources designed to help increase the growth of female-owned small businesses, including a $1.5 million grant to How Women Lead. The San Francisco-based banking company said the initiative is “aimed …
By BPC Staff | Mar 10, 2022