1.2 C
New York
Wednesday, February 12, 2025

Ameriprise could also be near vital reinsurance deal, CFO hints

[ad_1]



Ameriprise could also be near vital reinsurance deal, CFO hints | Insurance coverage Enterprise America















Present high-interest setting is narrowing the hole

Ameriprise may be close to significant reinsurance deal, CFO hints


Reinsurance

By
Kenneth Araullo

Minneapolis-based monetary companies agency Ameriprise Monetary could quickly leverage a major reinsurance deal to scale back its publicity to dangers related to life insurance coverage and annuities, a brand new report has revealed.

A Assume Advisor report prompt the event was hinted at by Walter Berman, the corporate’s chief monetary officer, at a current convention name with securities analysts.

Through the name, an analyst inquired about Ameriprise’s progress in securing a reinsurance settlement for its Retirement and Safety Options Division, which offers in life insurance coverage and annuities. This question arises within the context of a number of life insurers lately having efficiently reinsured blocks of in-force life and annuity insurance policies, consequently releasing up substantial quantities of money.

Berman acknowledged the corporate’s consciousness of those traits. He identified that the present setting of comparatively high-interest charges is narrowing the hole between what Ameriprise is keen to pay for reinsurance and the charges sought by reinsurers. This convergence, in keeping with Berman, presents a possible alternative for the corporate.

This potential transfer by Ameriprise displays a broader business development the place insurers are more and more shifting in direction of promoting life insurance coverage insurance policies and annuities that provide restricted profit ensures.

What are your ideas on this story? Please be at liberty to share your feedback under.

Associated Tales


[ad_2]

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles