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Insurance

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Shannon Rutledge named president and CEO of Farmers Mutual Hail, effective Dec. 31

Farmers Mutual Hail Insurance Company of Iowa announced that Shannon Rutledge, executive vice president and chief operating officer, will be promoted to president and chief executive officer, effective Dec. 31. He will succeed Ronald Rutledge, who will …

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American Equity reports third-quarter earnings, updates asset strategy

American Equity Investment Life Holding Co. an issuer of fixed index annuities, reported third-quarter net income available to common stockholders of $141.9 million, or $1.53 per share, compared with $661.3 million, or $7.17 per share, …

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Principal Retirement Security Survey: Tight labor market, talent competition will drive 2022

One-quarter of U.S. workers are considering either a job change or retirement in the next 12 to 18 months, according to a new survey by Des Moines-based Principal Financial Group. The survey signals the continuation …

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American Equity makes $1B investment in Monroe Capital’s technology lending platform

American Equity Investment Life Holding Co., based in West Des Moines, announced Thursday it has made a $1 billion investment in a dedicated technology lending platform developed by Monroe Capital LLC, a Chicago-based boutique asset management firm …

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American Equity provides financing for Pretium’s acquisition of Anchor Loans; buys $1B in loans

American Equity Investment Life Insurance Co., an issuer of annuities based in West Des Moines, announced today it provided financing and capital support for Pretium, a specialized investment management firm with approximately $30 billion in assets, in …

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Holmes Murphy spins off SPH search platform to Coupe Health

Minnesota-based Coupe Health LLC has purchased SPH LLC, formerly known as SimplePay Health, from insurance brokerage Holmes Murphy & Associates, the companies announced. Launched by Holmes Murphy in 2018, SPH is an alternative health care product for …

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West Bancorporation reports higher third-quarter net income

West Bancorporation Inc., the West Des Moines-based parent company of West Bank, today reported third quarter 2021 net income of $12.7 million, or 76 cents per share, compared with third quarter 2020 net income of $8.1 million, …

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HNI reports revenue increases in third quarter, expects continued sales growth

HNI Corp. reported third-quarter sales of $586.7 million and net income of $19.2 million for the quarter that ended Oct. 2. Net income was 43 cents per share in the latest quarter, compared to 71 cents in …

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Holmes Murphy hires chief analytics officer

Jeffrey Austin White has joined Holmes Murphy as chief analytics officer, the Waukee-based insurance brokerage announced. He has nearly three decades of experience focused on strategic investments in talent and technology. In this new role for …

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Preview rates for ACA individual health plans available; open enrollment begins Nov. 1

Open enrollment for Iowans purchasing or changing their Affordable Care Act individual health coverage for 2022 will begin on Nov. 1 and run through Jan. 15, the Iowa Insurance Division announced. Iowans shopping for individual …