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Insurance

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Iowa stocks down in August

Eighteen of 21 Iowa-based companies posted stock price losses for the month of August. Of the remaining three, one was unchanged and two posted gains. 

The two companies that saw gains were Heartland Express Inc. …
By JOHN RETZLAFF | Sep 3, 2019
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Kohlsdorf named to national health underwriters board

Des Moines resident Eric Kohlsdorf was recently named treasurer of the National Association of Health Underwriters board of trustees. He was appointed during the NAHU’s 89th annual convention and exhibition in San Diego. Kohlsdorf is president and …
By BPC Staff | Sep 3, 2019
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Apollo Global and Athene to acquire aviation lending business from GE Capital

Apollo Global Management LLC, with its strategic partner Athene Holding, announced they have entered into a definitive agreement to purchase PK AirFinance, an aviation lending business, from GE Capital’s Aviation Services unit. In connection with the transaction, …
By BPC Staff | Aug 30, 2019
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NOTEBOOK: Private equity firms point fingers at each other after failed American Equity bid

An article in the Financial Times this past week details an ongoing legal battle in New York involving private equity firm Apollo Global Management — a major investor in Athene USA’s parent Athene Holding Ltd. …
By JOE GARDYASZ | Aug 28, 2019
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Medico named exclusive provider by AARP for short-term care policies

Des Moines-based American Enterprise Group Inc. announced today that its Medico Insurance Co. subsidiary has entered into an agreement with AARP to offer short-term care insurance to AARP members. The product is expected to be offered …
By BPC Staff | Aug 22, 2019
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Deferred annuity sales up 6% in second quarter

Deferred annuity sales for the second quarter of 2019 increased 6% as compared with the prior quarter, based on preliminary sales data from Wink’s Sales & Market Report. Among the categories of annuities tracked, indexed annuity sales …
By BPC Staff | Aug 21, 2019
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Nadler named CEO of reconstruction company GC3

GC3 LLC, a West Des Moines-based insurance reconstruction business, has appointed Tom Nadler as its new CEO and Dave Bell as chief operating officer. Nadler, previously vice president for large loss consulting for the company, has spent the …
By BPC Staff | Aug 19, 2019
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GuideOne adds armed-intruder training and consulting service

GuideOne Insurance announced it has formed an alliance with Strategos International, a Kansas City-based organization that will offer training and consulting to GuideOne customers in all niches – churches, schools, nonprofits, senior living communities and …
By BPC Staff | Aug 19, 2019
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IMT Computer Services acquires PDSpectrum platform

IMT Computer Services, a part of IMT Insurance in West Des Moines, announced it has acquired the PDSpectrum insurance processing platform, which is based in Omaha. The company did not disclose the financial terms of …
By BPC Staff | Aug 16, 2019
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Deere equipment sales decline 3% amid trade war uncertainty

Deere & Co. reported third-quarter earnings today that missed analysts’ expectations and the company lowered sales guidance for the full year, saying farmers were delaying purchases because of uncertainty around the trade war, CNBC reported. 

Deere …
By BUSINESS RECORD STAFF | Aug 16, 2019