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Insurance

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Principal in $25B reinsurance deal with Talcott, increases share repurchases by $1.6B

Principal Financial Group today announced it has entered into an agreement with an affiliate of global investment firm Sixth Street and its insurance platform, Talcott Resolution, to reinsure Principal’s in-force U.S. retail fixed annuity and universal life …

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Lee Enterprises asks investors to help fight off hedge fund

Associated Press: Newspaper publisher Lee Enterprises is asking its shareholders to help it fight off a hostile takeover offer from “vulture hedge fund” Alden Global Capital. The publisher of the St. Louis Post-Dispatch, the Buffalo News …

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Principal Financial nears insurance units sale to Talcott Resolution, sources say

Reuters: Principal Financial Group is in advanced talks to sell two of its units, with capital reserves totaling $25 billion, to peer Talcott Resolution Life Insurance Co., according to people familiar with the matter. The deal …

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BrokerTech Ventures adds two new insurance carrier partners

BrokerTech Ventures announced today that EMC Insurance Cos. and AF Group have joined BrokerTech as insurance company partners. “We could not be more pleased to announce the addition of EMC Insurance Companies and AF Group to our carrier community …

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Provider groups at odds with regulators over arbitration rules for No Surprises Act

Although a new federal law means that Iowa patients should no longer receive surprise medical bills after an emergency room visit or hospital stay, health care provider groups and insurers are still wrangling at the …

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EMC puts Hub Tower, Kaleidoscope up for sale, will also sell two downtown warehouses

EMC Insurance Cos. today announced plans to sell four properties it owns in downtown Des Moines — among them the 21-floor Hub Tower — in a move to realign its real estate holdings. The company …

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Winnebago revenues jump 46% in first quarter

Winnebago Industries Inc. on Friday reported record fiscal first-quarter revenue of $1.2 billion, a 45.7% increase from $793.1 million in the prior-year quarter. Revenues excluding the recently acquired Barletta boat business were $1.1 billion, representing …

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Domanicare CEO to lead Homesteaders Life’s customer experience initiatives

Homesteaders Life Co. has named Jon Lefrandt as senior vice president of customer experience. He will lead the West Des Moines-based funeral insurance company’s strategic initiatives, among them supporting Homesteaders’ innovation efforts to help funeral …

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Lee’s stock is now trading at way more than Alden Global Capital’s takeover offer

Poynter: In a surprise development as Alden Global Capital pursues a hostile bid to acquire news publisher Lee Enterprises of Davenport, Lee’s shares have shot up in value in the last week. The stock closed Tuesday …

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Holmes Murphy announces ‘fully’ refreshed brand

Insurance brokerage Holmes Murphy has introduced a new brand campaign focused on its role as an evolving leader in the insurance industry, the Waukee-based firm announced. In this new campaign, clients will see Holmes Murphy’s employees at …