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Insurance

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Three women ascend to key leadership roles at Holmes Murphy

Waukee-based insurance brokerage Holmes Murphy announced that it has promoted three of its female leaders into key leadership roles in the firm.

Effective July 1, Ellen Willadsen, the company’s chief financial officer for the past 10 …
By BPC Staff | Jul 7, 2021
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General Mills reports drop in fourth-quarter earnings

Corridor Business Journal: General Mills, which operates a cereal plant in Cedar Rapids, reported a drop in net earnings and earnings per share in its latest fiscal quarter ended June 30, reflecting a lower consumer demand …
By BPC Staff | Jul 6, 2021
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Principal increasing shareholder payments amid cuts to insurance, retirement businesses

Des Moines Register: Executives at Des Moines-based Principal Financial expect to increase payments to shareholders as the company sells off some of its traditional lines of business. Company leaders said during a presentation Tuesday that they …
By BPC Staff | Jun 30, 2021
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F&G enters funding agreement backed note market with $750M issuance

Des Moines-based life and annuities company F&G announced it has entered the funding agreement backed note market with an initial $750 million note issued by F&G Global Funding, an unaffiliated Delaware trust. The agreement marks …
By BPC Staff | Jun 29, 2021
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Principal to exit consumer life insurance, fixed annuities following sweeping strategic review

Principal Financial Group this morning announced significant changes to its product portfolio and capital management strategy, following a comprehensive review of the company’s business mix and capital management options. The strategic review was part of …
By BUSINESS RECORD STAFF | Jun 28, 2021
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NOTEBOOK – ONE GOOD READ: Survey by indexed annuity consortium turns up surprising twists on retirement knowledge

Nearly one-third of American workers said the pandemic delayed their plans for retirement, according to a new survey by the Indexed Annuity Leadership Council. “The pandemic has impacted the way Americans are planning, saving, and living in …
By JOE GARDYASZ | Jun 24, 2021
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Winnebago sees big turnaround in third-quarter income

Radio Iowa: Winnebago Industries reported third-quarter net income of $71.3 million, rebounding from a net loss of $12.4 million in the year-ago quarter that was affected by the start of the pandemic. Winnebago CEO Michael Happe said …
By BPC Staff | Jun 24, 2021
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Vaughan named business director of Tippie’s Vaughan Institute

Terri Vaughan, a longtime leader in Iowa’s insurance community, has been named the professional director of the Vaughan Institute of Risk Management at the University of Iowa’s Tippie College of Business, effective Sept. 1. The Vaughan Institute …
By BPC Staff | Jun 24, 2021
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American Equity awards $1.15M-plus separation package to former CFO

American Equity Investment Life Holding Co. this week disclosed details of a separation agreement it reached with its former chief financial officer, Ted Johnson. The West Des Moines-based publicly traded company had announced on May 24 that …
By BPC Staff | Jun 22, 2021
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Seven insurers pool resources to launch cyber analysis, risk mitigation company

Seven leading cyber-insurance providers have formed a new company, CyberAcuView, in a collective effort to enhance cyber-risk mitigation efforts across the insurance industry, the Insurance Journal reported. Formed by AIG, Axis, Beazley, Chubb, the Hartford, Liberty Mutual …
By BPC Staff | Jun 21, 2021
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