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Are Fannie Mae and Freddie Mac standards disrupting deals?
A growing disconnect between insurance market capacity and lender requirements is squeezing real estate borrowers and leaving brokers to close the gap Source link
New Jersey proposes tighter rules on life insurance reserves to match national standards
The proposal, introduced by the Department of Banking and Insurance, calls for the adoption of the NAIC Term and Universal Life Insurance Reserve Financing Model Regulation #787, known within the industry as the XXX/AXXX Model Regulation. The move would bring uniformity and greater transparency to reserve financing, an area that has historically presented regulatory challenges. Source link
Insurance for renewables under pressure as climate risks accelerate: GCube
“That’s not something we can accept, forcing developers to find coverage elsewhere, often in a different market. We are seeing more engagement between lenders, insurance advisors, brokers, and developers to ensure that policies are bankable from the start. This needs to happen early in the process, ideally before construction insurance is finalised,” Luciano added. Source…
Xceedance chooses new global COO
Sankaran has more than 30 years of experience in global operations and transformation roles across several industries, including insurance, healthcare, finance, procurement, and human resources. He has held senior positions at Wipro, Accenture, GeBBS Healthcare Solutions, WNS, GE Capital, and Pfizer, managing global teams and client portfolios in various market conditions. Source link
Insurance Business unveils America’s top wholesale brokers, MGAs for 2025
In addition to scoring service performance, the survey asked brokers to identify their top three wholesale partners by line of insurance across 20 major coverage areas. The leading three in each category were awarded gold, silver, and bronze rankings. MGAs also competed for a “Brokers’ Pick” medal, given to the most frequently cited products. Source…
Ethos considering IPO — report
Led by co-founder and CEO Peter Colis, Ethos reported 50% year-over-year revenue growth in 2024 but did not disclose further details. The company, which offers life insurance policies of up to $3 million without requiring a medical exam, promotes a streamlined approval process that takes about 10 minutes, according to its website. Source link