Best's News & Research Service publishes hundreds of news articles and a selection of research each month, including Best's Rankings, Best’s Special Reports, Market Segment Reports and more. Developments at news.ambest.com include how annuity providers are seeing growth opportunity in U.S. retirement plan changes; plus life reinsurer Martello Re launched with $1.65 billion in equity and MassMutual backing; also, HCI Group has postponed its proposed IPO of TypTap Insurance; and more.
Best's Rankings, with data, can be found at news.ambest.com/research.
Other research reports, with data, are just a click away at news.ambest.com/research including:
• Market Segment Reports: AM Best Maintains Stable Outlook on Guatemala’s Insurance Industry; New Infrastructure Law Expected to Boost U.S. Surety Market
• Best’s Special Reports: Notional Value of U.S. Insurance Industry Derivatives Exceeds $3 Trillion; Insurance Innovation Under the Spotlight After COP26
• Best’s Commentary: Secondary Perils Taking an Increasingly Larger Share of U.S. Catastrophe Losses; and Demand Surge and Inflation Will Amplify Colorado Wildfire Losses
When people review their 401(k) or 403(b) retirement plans this year, they might have a new investment option: using some of their money to purchase income annuities. And that may prove to be a growth opportunity for the industry, which is already posting strong results in the past year.
A new Bermuda-based life and annuity reinsurer, Martello Re Ltd, was launched with initial equity of $1.65 billion and financial support from Massachusetts Mutual Life Insurance Co. and other investors.
Update: Kreidler Extends Deadline for Carriers to Answer Credit-Scoring Questions (Updated with trade group comment.) Washington Insurance Commissioner Mike Kreidler wrote to 136 property/casualty insurers in his state, asking for specific information about how consumers’ premiums were impacted after he issued a proposed temporary rule to remove credit as a rating factor in automobile, homeowners and renters insurance.