AABP EP Awards 728x90

Insurance

DSC 6869

IPERS reports 29.6% FY21 investment return, reduces unfunded liability

Double-digit earnings over the past fiscal year boosted the Iowa Public Employees’ Retirement System (IPERS) Trust Fund to a record $42.85 billion market value, and enabled IPERS to significantly reduce its unfunded liability. “IPERS achieved …
By BPC Staff | Dec 3, 2021
DSC 6869

Insurance and annuity intelligence firm Wink names Grossman as new president

Des Moines-based life insurance and annuity product data provider Wink Inc. has named Victoria Grossman as president, the firm announced. Sheryl Moore, who has been the CEO and president of Wink since founding the market intelligence company …
By BPC Staff | Dec 3, 2021
DSC 6869

Deferred annuity sales up 10.4% in Q3; indexed annuities jump 25% year-over-year

Third-quarter annuity sales across most categories of the industry were down from year-ago levels, according to Wink’s Sales & Market Report, an annuity market intelligence source based in Des Moines. Total third quarter sales for all deferred …
By BPC Staff | Dec 1, 2021
DSC 6869

Principal Global provides alternative credit financing for Versant Diagnostics

Principal Global Investors has become a key funding partner of Versant Diagnostics, a recently launched physician-led pathology group based in Chicago. Principal Global, through its direct lending business, Principal Alternative Credit, announced Monday it served …
By BPC Staff | Dec 1, 2021
DSC 6869

Wellmark Foundation $25K contribution supports iJAG student leadership conferences

The Wellmark Foundation has awarded Iowa Jobs for America’s Graduates $25,000 to assist with iJAG’s fall leadership development conference and spring career development conference. More than 300 middle and high school students from 42 Iowa cities were …
By BPC Staff | Nov 22, 2021
DSC 6869

Survey: Inflation and market volatility among top concerns of U.S. investors

Nearly three-quarters of American investors (73%) are very or somewhat worried about inflation affecting their retirement, according to a new survey from F&G, a Des Moines-based annuity and life insurance company. The company’s second annual Risk …
By BUSINESS RECORD STAFF | Nov 19, 2021
34843

Global insurance industry could play a significant role in addressing climate change risks

The global insurance and financial services industries were given a prominent seat at the table at the 2021 United Nations Climate Change Conference held Oct. 31 through Nov. 12 in Glasgow, Scotland. How will this …
By JOE GARDYASZ | Nov 17, 2021
DSC 6869

BrokerTech Ventures opens applications for accelerator’s third cohort

BrokerTech Ventures announced today that applications are open for its 2022 accelerator program. The Des Moines-based accelerator focuses on startups that serve the insurance industry and specifically brokers. The 2022 program will be BTV’s third accelerator since …
By BPC Staff | Nov 15, 2021
DSC 6869

Iowa insurance giant TransAmerica faces lawsuit over NRA-marketed cancer policy

Des Moines Register: A Washington state dispute over a decades-old cancer insurance policy sold by the National Rifle Association has entangled Cedar Rapids-based insurance giant TransAmerica. In a lawsuit filed in November 2020, 87-year-old Ronald Shields …
By BPC Staff | Nov 12, 2021
DSC 6869

Majority of Iowa stocks post gains in October

Thirteen of the 17 Iowa-based companies on the Business Record’s Iowa Index posted stock price gains for the month of October. One company posted a double-digit percentage gain in the month. Four Iowa-based stocks posted …
By JOHN RETZLAFF | Nov 10, 2021