American National Insurance Company

AM Best Comments on Credit Ratings of Core Specialty Insurance Holdings, Inc. and American National Group Following Announced Sale of Specialty Markets Group

Retrieved on: 
Wednesday, March 6, 2024
Finance, Data Analytics, Professional Services, Other Professional Services, Insurance, ALL, Core, FSR, News, Growth, AM Best, Sale, American National Insurance Company, Credit, ANG

The transaction involves a transfer of related unearned premiums to Core Specialty, as well as renewal rights for most of American National’s Specialty Markets Group.

Key Points: 
  • The transaction involves a transfer of related unearned premiums to Core Specialty, as well as renewal rights for most of American National’s Specialty Markets Group.
  • American National will act as a fronting carrier, for a fee, until Core Specialty receives the appropriate licensing.
  • The sale to Core Specialty is in support and alignment of American National’s strategic focus and commitment to growth in farm & ranch and targeted commercial markets.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

American National Named One of America’s Best Insurance Companies for 2024

Retrieved on: 
Tuesday, December 12, 2023
American National Insurance Company, Term Life, Insurance, Customer service, Ratio, Home insurance, EVP

HOUSTON, Dec. 12, 2023 (GLOBE NEWSWIRE) -- American National Insurance Company has earned a place on the Forbes list of America’s Best Insurance Companies 2024.

Key Points: 
  • HOUSTON, Dec. 12, 2023 (GLOBE NEWSWIRE) -- American National Insurance Company has earned a place on the Forbes list of America’s Best Insurance Companies 2024.
  • America's Best Insurance Companies 2024 were identified in an independent survey based on a sample of over 15,000 participants across the nation.
  • The participants were asked to evaluate the insurance companies they have held within the last three years.
  • “We’re honored to once again be recognized among the best insurance companies in America,” said Josh Feyissa, EVP & Chief Operating Officer, American National.

American National Selects iPipeline's e-App Tool to Improve Agency, Agent, and Customer Experience

Retrieved on: 
Wednesday, November 8, 2023
Senior, Insurance, Growth, American National Insurance Company, Igo, Organization, Australian Energy Market Operator, Downtown Manhattan Heliport, Partnership, Marketing, Drug, Online shopping

Supporting multiple product lines, iGO has been successfully adopted by dozens of insurance carriers, hundreds of distributors, and tens of thousands of agents.

Key Points: 
  • Supporting multiple product lines, iGO has been successfully adopted by dozens of insurance carriers, hundreds of distributors, and tens of thousands of agents.
  • Through this partnership, we can help American National bring peace of mind to even more people in the communities they serve."
  • "At American National, we are dedicated to serving our distributors and BGAs," said Traie Franklin, Vice President of Marketing Operations at American National.
  • "Through the collaboration with iPipeline, we believe we can further streamline our business processes and create a much better experience for them."

Billboard Near Insurance Regulator Warns Against Brookfield’s Potential Takeover of American Equity Life Insurance, Citing UNITE HERE Report

Retrieved on: 
Wednesday, October 11, 2023
Commercial Building & Real Estate, Construction & Property, Professional Services, Insurance, Multimedia, BPY, NYSE, S&P Global, Acquisition, Business, Equity, Risk, Bermuda, AEL, UNITE, Brookfield Property Partners, Clinical research coordinator, Bloomberg, Airport, American National Insurance Company, ANAT, Life, Research, Sale, HERE, Financial services

UNITE HERE launched a billboard today warning customers of American Equity Investment Life Insurance Company (NYSE:AEL), that it may be purchased by the Bermuda-based affiliate of Brookfield (NYSE:BN).

Key Points: 
  • UNITE HERE launched a billboard today warning customers of American Equity Investment Life Insurance Company (NYSE:AEL), that it may be purchased by the Bermuda-based affiliate of Brookfield (NYSE:BN).
  • The billboard is located less than a mile from the Iowa Insurance Division, the state agency that would need to approve any sale of Des Moines-based American Equity.
  • View the full release here: https://www.businesswire.com/news/home/20231011402266/en/
    “Are you ready for Brookfield’s ‘office real estate apocalypse’?” the billboard asks.
  • The financial health of Brookfield’s commercial real estate holdings may be of interest to Iowa regulators and American Equity policyholders because of events following Brookfield’s acquisition of another life insurance company, American National (NASDAQ:ANAT).

UNITE HERE Releases Real Estate Runaround: How Brookfield’s Insurance Venture Offers Reward for Investors, Risk for Retirees

Retrieved on: 
Wednesday, September 27, 2023
Professional Services, Public Policy, Government, State, Local, Other Professional Services, Insurance, Finance, Asset Management, BAM, Risk, Certified Fraud Examiner, Research report, Forensic science, Pension, Texas Department of Insurance, HERE, Wind, Brookfield (corporation), American National Insurance Company, Investment, Opacity, CMBS, UNITE, Depreciation, Pensioner, Commercial, Health, Safety, TDI, NYSE, Real estate, Financial services, Commercial property, Audit, SSAP

So far this year, Brookfield ventures have defaulted on over $1 billion of commercial real estate loans, with over $5 billion more of office and real estate loans having been identified by analysts or lenders as distressed.

Key Points: 
  • So far this year, Brookfield ventures have defaulted on over $1 billion of commercial real estate loans, with over $5 billion more of office and real estate loans having been identified by analysts or lenders as distressed.
  • The report, Real Estate Runaround: How Brookfield’s Insurance Venture Offers Reward for Investors, Risk for Retirees , examines the dramatic changes in American National’s investment portfolio since the Brookfield takeover, including over $4.7 billion (book value) of investments in securities originated, structured, or collateralized by Brookfield’s non-insurance affiliates and joint ventures.
  • Over $1.2 billion of those related-party securities are related to Brookfield’s real estate holdings.
  • These investments include bonds issued by affiliates of Brookfield Office Properties and Commercial Mortgage-Backed Securities (CMBS) sponsored by Brookfield-owned office buildings and shopping malls.

American National Employees Give Back for 9/11 National Day of Service

Retrieved on: 
Friday, September 15, 2023
Volunteering, NRG Stadium, City, American National Exhibition, American National Insurance Company, Meal, Food, Hunger, SVP, Risk, Culture

HOUSTON, Sept. 15, 2023 (GLOBE NEWSWIRE) -- This week, American National Insurance Company partnered with the 9/11 Day organization to package thousands of meals earmarked for local food banks in support of the 9/11 National Day of Service.

Key Points: 
  • HOUSTON, Sept. 15, 2023 (GLOBE NEWSWIRE) -- This week, American National Insurance Company partnered with the 9/11 Day organization to package thousands of meals earmarked for local food banks in support of the 9/11 National Day of Service.
  • American National employees volunteered their time at events held at the company’s Albany, NY, and Springfield, MO, offices.
  • “Volunteerism has always been an important part of our culture at American National.
  • 9/11 Day has helped transform September 11th into the largest day of service in America.

American National Insurance Recognized for 82 Consecutive Years of Financial Strength

Retrieved on: 
Friday, September 8, 2023
Insurance, AM Best, American National Insurance Company, Pharmaceutical industry

The 15th edition of the “Standing the Test of Time” list showcases insurance companies that have demonstrated decades-long financial strength.

Key Points: 
  • The 15th edition of the “Standing the Test of Time” list showcases insurance companies that have demonstrated decades-long financial strength.
  • American National has maintained at least an A rating for an impressive 82 consecutive years, and was one of only 19 U.S. life/health insurers recognized for having maintained Best’s Financial Strength Rating of A or higher for at least 75 years.
  • AM Best’s Financial Strength Rating is an independent opinion of an insurer’s financial strength and ability to meet its ongoing obligations to policyholders and clients.
  • “We are honored to be recognized by AM Best as a well-capitalized U.S. insurance company,” said Jon Bayer, Chairman, American National.

American National Insurance Opens New Corporate Office in Allen Center

Retrieved on: 
Tuesday, August 29, 2023
Heart, Insurance, Brookfield Properties, Glenmont, American National Insurance Company

The office opened this week with approximately 30 employees initially working on site with plans to expand.

Key Points: 
  • The office opened this week with approximately 30 employees initially working on site with plans to expand.
  • Situated in Three Allen Center, a Brookfield Properties office tower, the office is part of the Allen Center campus, which contains more than 3.2 million SF of office and retail space.
  • “We’re excited to open our newest office and strengthen our ties to the Houston business community,” said Tim Walsh, President and CEO of American National.
  • In addition to its corporate headquarters in Galveston, Texas, American National currently has large operations in League City, TX, Springfield, MO, and Glenmont, NY.

American National Urges Claims Preparedness for Tropical Storm Idalia

Retrieved on: 
Tuesday, August 29, 2023
Storm, Online, Insurance, Smartphone, Policy, American National Insurance Company, National Hurricane Center, Mobile location analytics, Apple, Google Play, Weather, Jewellery, Family, Online shopping, Property insurance

SPRINGFIELD, Mo., Aug. 29, 2023 (GLOBE NEWSWIRE) -- As Tropical Storm Idalia tracks towards Florida and the southeast coast, American National Insurance Company strongly encourages its policyholders to prepare for their insurance needs.

Key Points: 
  • SPRINGFIELD, Mo., Aug. 29, 2023 (GLOBE NEWSWIRE) -- As Tropical Storm Idalia tracks towards Florida and the southeast coast, American National Insurance Company strongly encourages its policyholders to prepare for their insurance needs.
  • We hope you will find the following informational resources helpful while preparing for this storm.
  • Refer to the National Hurricane Center at www.nhc.noaa.gov for hurricane preparedness, weather tracking and additional updates.
  • APCIA urges the following actions to prepare for a tropical storm or hurricane:
    Gather copies of your insurance policies.

UNITE HERE launches website compiling evidence of Brookfield’s defaulted and distressed commercial real estate for stakeholders, regulators and the public

Retrieved on: 
Thursday, August 24, 2023
Professional Services, Business, Other Professional Services, Insurance, Finance, Asset Management, BAM, BPY, Airport, Texas Department of Insurance, Research, HERE, AEL, Brookfield (corporation), American National Insurance Company, Acquisition, Investment, Risk, UNITE, TDI, NYSE, Brookfield Property Partners, Cryptocurrency

The financial health of Brookfield’s commercial real estate holdings may be of particular interest to current or potential policyholders of American National Insurance Group, the Texas-based insurer acquired by Brookfield in 2022.

Key Points: 
  • The financial health of Brookfield’s commercial real estate holdings may be of particular interest to current or potential policyholders of American National Insurance Group, the Texas-based insurer acquired by Brookfield in 2022.
  • UNITE HERE’s research has uncovered over $1 billion in debt instruments that appear to be related to Brookfield’s real estate holdings on American National’s 2022 sworn Annual Statement.
  • “In the absence of guidance from regulators, we believe current and future policyholders should have as many of the facts as possible.
  • American National has at least $1 billion of Brookfield-related real estate debt on its investment books backing its customers’ policies.