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Insurance

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American Equity receives unsolicited $3B buyout offer from Athene Holding and MassMutual

A pair of insurance companies is making a bid to acquire West Des Moines-based American Equity Investment Life Holding Co., the Wall Street Journal reported. The proposed deal is a “bet that the small Iowa insurer’s retirement-income …

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F&G to spin off reinsurance arm to Aspida Holdings

Fidelity National Financial Inc. and F&G, a leading provider of annuities and life insurance, announced that F&G has entered into a definitive agreement to sell F&G Reinsurance Ltd to Aspida Holdings Ltd., an indirect subsidiary of Ares …

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Nelligan to lead Continental Western Group as president

W. R. Berkley Corp. has appointed Timothy Nelligan as president of Continental Western Group, a Berkley Company, effective immediately. He joins CWG with nearly 30 years of experience in the property casualty insurance industry. Nelligan is an accomplished …

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Iowa joins push to charge metals dealers in $185M scheme targeting elderly investors

The Iowa insurance commissioner is joining the Commodity Futures Trading Commission and 29 other states to charge precious metals dealers in a $185 million scheme targeting elderly investors, Iowa Insurance Commissioner Doug Ommen announced last …

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MercyOne partners with insurtech Oscar to offer health plans in 23 Iowa counties

Oscar, a New York City-based health insurtech company, announced it has partnered with MercyOne health system to offer Oscar’s individual and family health insurance plans in 23 counties in Iowa beginning in 2021, pending regulatory approval. These …

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American Equity enters strategic partnership to expand asset management capabilities

American Equity Investment Life Holding Co., an issuer of fixed index annuities based in West Des Moines, announced it has reached an agreement in principle to form a strategic partnership with global alternative investment firm …

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Insurance Division files charges against health sharing ministry for unauthorized sales

The Iowa Insurance Division’s Enforcement Bureau recently filed a statement of charges against Trinity Healthshare Inc. and the Aliera Cos., both based in Atlanta. According to the statement of charges, Trinity, purportedly operating as a health care …

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Iowa Navigator receives grant renewal for insurance enrollment assistance

Iowa Navigator, a nonprofit that assists residents in selecting individual health insurance plans under the provisions of the Affordable Care Act, announced it has received a second year of federal grant funding to provide the …

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AmeriLife Group acquires majority stake in Des Moines-based brokerage

AmeriLife Group LLC, a Clearwater, Fla.-based life, health, annuity and retirement planning solutions company, has acquired a majority interest in The Achievement Group, an annuity and life brokerage company based in Des Moines. TAG was formed …

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Wellmark Foundation announces new leadership

The Wellmark Foundation, one of the largest health improvement-focused foundations in Iowa and South Dakota, has announced leadership transitions and the appointment of a new board member. Cory Harris, Wellmark Blue Cross and Blue Shield’s president …