Ohio National Life Insurance Company

AM Best Affirms Credit Ratings of Constellation Insurance, Inc. and Its AuguStar Life Group Subsidiaries

Retrieved on:

Wednesday, October 18, 2023

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of AuguStar Life Insurance Company (ALIC) and its wholly owned subsidiary, AuguStar Life Assurance Corporation (together referred to as AuguStar Life Group).

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AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of AuguStar Life Insurance Company (ALIC) and its wholly owned subsidiary, AuguStar Life Assurance Corporation (together referred to as AuguStar Life Group).
Finally, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IRs) of Constellation and ALIC.
Included in this ratings affirmation is the acknowledgement of the rebranding of the Ohio National Life Insurance Company to AuguStar Life Insurance Company and Ohio National Life Assurance Company to AuguStar Life Assurance Corporation effective in the fourth quarter of 2023.
AM Best expects AuguStar Life Group to grow its business through profitable premium expansion organically and opportunistically through inorganic opportunities.

AuguStar(SM) Life expands distribution and marks entry into the brokerage channel

Retrieved on:

Wednesday, September 20, 2023

Constellation, Insurance, Growth, Ohio National Life Insurance Company, Universal Life, Financial services, Life insurance

CINCINNATI, Sept. 20, 2023 /PRNewswire/ -- AuguStarSM Life, a Constellation company, announces it has entered the brokerage channel, further expanding its distribution footprint.

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CINCINNATI, Sept. 20, 2023 /PRNewswire/ -- AuguStarSM Life, a Constellation company, announces it has entered the brokerage channel, further expanding its distribution footprint.
AuguStar Life expands into brokerage channel, enhancing accessibility and growth with top-tier insurance products.
Entering the brokerage channel, AuguStar Life signals its commitment to enhance the accessibility of its products by fostering strong relationships.
The AuguStar Life product portfolio is focused on high-quality indexed life products, both indexed universal life and multi-pay indexed whole life.

Jackson Wins WealthManagement.com Industry Award

Retrieved on:

Friday, September 8, 2023

Banking, Professional Services, Insurance, Finance, Education, Marketing, RIA, Research, Ohio National Life Insurance Company, Organization, Retirement, JXN, Education minister, NYSE, Jackson National Life, Financial adviser

Jackson National Life Insurance Company (Jackson®), the main operating subsidiary of Jackson Financial Inc.1 (NYSE: JXN), has been honored by WealthManagement.com with a 2023 “Wealthies” award in the Insurance Service Category for its newly-enhanced Advanced Planning Team.

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Jackson National Life Insurance Company (Jackson®), the main operating subsidiary of Jackson Financial Inc.1 (NYSE: JXN), has been honored by WealthManagement.com with a 2023 “Wealthies” award in the Insurance Service Category for its newly-enhanced Advanced Planning Team.
Jackson’s Advanced Planning Team has been recognized as an industry leader for its personalized support for financial professionals seeking to model annuities in retirement plans and managed accounts.
The group provides industry-leading service and capabilities, with offerings that include research assistance, sales presentations, asset location and tax strategies, retirement, estate and legacy planning, and more.
The 9th Annual WealthManagement.com Industry Awards program recognizes outstanding organizations and individuals that support financial professional success.

Jackson Refines Perspective Variable Annuity Benefit Suite

Retrieved on:

Monday, August 28, 2023

Banking, Professional Services, Insurance, Finance, Workforce, WhiteBoard Product Solutions, Freedom, Marketing, Ohio National Life Insurance Company, Flex, Retirement, JXN, GWB, Growth, NYSE, Jackson National Life, Life insurance

Jackson National Life Insurance Company ® (Jackson®), the main operating subsidiary of Jackson Financial Inc.1 (NYSE: JXN), today announced the launch of Flex Suite, a streamlined and simplified menu of add-on living benefits available within the Perspective family of variable annuity products.

Key Points:

Jackson National Life Insurance Company ® (Jackson®), the main operating subsidiary of Jackson Financial Inc.1 (NYSE: JXN), today announced the launch of Flex Suite, a streamlined and simplified menu of add-on living benefits available within the Perspective family of variable annuity products.
Each of these options reflects the most utilized features or enhancements to the features previously available through the former LifeGuard Suite of living benefits.
Competitive cost4: To remain competitive, Jackson has lowered the charges on select benefits as part of the Flex Suite updates.
Flex Suite enables clients to receive guaranteed lifetime income by selecting the benefit option that is in their best interest.”
Financial professionals who would like to learn more about the Flex Suite can contact the company at 1-800-711-7397, connect with their local wholesaler or visit the Perspective Family microsite .

Wes Thompson elected to Constellation Boards

Retrieved on:

Wednesday, July 12, 2023

Constellation, ACT, Insurance, Lincoln National Corporation, Emerge, Organization, Sun Life Financial, Lincoln, Ohio National Life Insurance Company

CINCINNATI, July 12, 2023 (GLOBE NEWSWIRE) -- Constellation Insurance, Inc. (Constellation) is pleased to announce the election of Wes Thompson to the Boards of Directors of Constellation and its affiliated subsidiaries, including The Ohio National Life Insurance Company (ONLIC), Ohio National Life Assurance Corporation (ONLAC) and National Security Life and Annuity Company (NSLAC).

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CINCINNATI, July 12, 2023 (GLOBE NEWSWIRE) -- Constellation Insurance, Inc. (Constellation) is pleased to announce the election of Wes Thompson to the Boards of Directors of Constellation and its affiliated subsidiaries, including The Ohio National Life Insurance Company (ONLIC), Ohio National Life Assurance Corporation (ONLAC) and National Security Life and Annuity Company (NSLAC).
Wes Thompson brings more than 25 years of leadership experience in the insurance industry to his role with Constellation.
From 2017 to 2022, Wes Thompson served as president, CEO and Board Member of M Financial Group.
In 2015, Wes Thompson founded Emerge, a technology platform that helps consumers close gaps in health insurance coverage.

Patricia Guinn elected to Constellation Board

Retrieved on:

Monday, June 5, 2023

Constellation, Society of Actuaries, Insurance, Actuarial science, WTW, National Association of Corporate Directors, Actuary, Risk management, American Academy, American Academy of Actuaries, Ohio National Life Insurance Company, Willis Towers Watson, Risk, National Association, Software, Management

Nationally recognized as a thought leader in the insurance and financial services industries, Patricia Guinn brings more than 45 years of risk management and mergers and acquisitions experience to her service with Constellation.

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Nationally recognized as a thought leader in the insurance and financial services industries, Patricia Guinn brings more than 45 years of risk management and mergers and acquisitions experience to her service with Constellation.
Patricia Guinn spent the majority of her career at Willis Towers Watson (NASDAQ WTW) and its predecessor companies, where her roles included interim chief risk officer and executive committee member.
In 2014, Patricia Guinn received the Actuarial Foundation’s prestigious Insurance Legends Award for her decades of distinguished service and intellectual contributions to the field.
“Constellation has an ambitious growth strategy, with the talent and financial backing critical for execution,” adds Patricia Guinn.

Jackson Enhances Registered Index-Linked Annuity Suite

Retrieved on:

Monday, June 5, 2023

Jackson National Life Insurance Company ® (Jackson®), the main operating subsidiary of Jackson Financial Inc.1 (NYSE: JXN), today launched Jackson Market Link Pro® II (JMLPII) and Jackson Market Link Pro Advisory® II (JMLPAII), two new registered index-linked annuities (RILAs).

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Jackson National Life Insurance Company ® (Jackson®), the main operating subsidiary of Jackson Financial Inc.1 (NYSE: JXN), today launched Jackson Market Link Pro® II (JMLPII) and Jackson Market Link Pro Advisory® II (JMLPAII), two new registered index-linked annuities (RILAs).
“Registered index-linked annuities are attractive investment strategies that provide flexibility, growth opportunities and partial downside protection during times of market volatility,” said Alison Reed, Chief Operating Officer of Jackson National Life Distributors LLC (JNLD), the marketing and distribution business of Jackson.
“Since entering the RILA market in late 2021, Jackson is committed to enhancing our suite of products to provide competitive options that seek to address clients’ unique needs.
In addition to the new Performance Boost crediting method4, Jackson offers two additional crediting methods — Cap and Performance Trigger.

AM Best Affirms Credit Ratings of NLV Financial Corporation and Its Insurance Subsidiaries

Retrieved on:

Thursday, June 1, 2023

Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IRs) of “a” (Excellent) of the surplus notes of NLIC.

Key Points:

Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IRs) of “a” (Excellent) of the surplus notes of NLIC.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Constellation Announces $10 billion Block Reinsurance Transaction with Prudential Financial

Retrieved on:

Wednesday, May 24, 2023

Constellation, Martha Plimpton, Insurance, Risk management, CDPQ, Prudential Financial, Ohio National Life Insurance Company, Risk, Prudential

CINCINNATI, May 24, 2023 (GLOBE NEWSWIRE) -- Constellation Insurance Holdings, Inc. (Constellation), a leading insurance holding company backed by institutional investors CDPQ and Ontario Teachers’ Pension Plan Board (Ontario Teachers’), announced today that its subsidiary The Ohio National Life Insurance Company (ONLIC) has entered into an agreement with Pruco Life Insurance Company (PLAZ), an affiliate of Prudential Financial (Prudential), to reinsure a $10 billion block of variable annuities.

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CINCINNATI, May 24, 2023 (GLOBE NEWSWIRE) -- Constellation Insurance Holdings, Inc. (Constellation), a leading insurance holding company backed by institutional investors CDPQ and Ontario Teachers’ Pension Plan Board (Ontario Teachers’), announced today that its subsidiary The Ohio National Life Insurance Company (ONLIC) has entered into an agreement with Pruco Life Insurance Company (PLAZ), an affiliate of Prudential Financial (Prudential), to reinsure a $10 billion block of variable annuities.
“We are pleased to partner with Prudential in our inaugural block reinsurance transaction as we establish our M&A / Reinsurance segment as an integral part of the overall enterprise alongside our US life insurance, US annuities and Latin America segments,” affirmed Anurag Chandra, founder, chairman and CEO of Constellation.
The transaction is expected to close on June 30, 2023, with an effective date of April 1, 2023.
Debevoise & Plimpton LLP served as legal counsel to Constellation on this transaction.

Jackson Named “Best in Business” by Nashville Business Journal

Retrieved on:

Wednesday, May 24, 2023

Asset Management, Professional Services, Insurance, Finance, Marketing, American City Business Journals, Ohio National Life Insurance Company, JXN, Growth, Jackson National Life, NYSE

Jackson National Life Insurance Company ® (Jackson®), the main operating subsidiary of Jackson Financial Inc.1 (NYSE: JXN), today announced that it has received a 2023 Best in Business award from the Nashville Business Journal in the “Local Office – Public Company” category, which honors public companies with a significant local presence that excel in service, growth, innovation and strategy.

Key Points:

Jackson National Life Insurance Company ® (Jackson®), the main operating subsidiary of Jackson Financial Inc.1 (NYSE: JXN), today announced that it has received a 2023 Best in Business award from the Nashville Business Journal in the “Local Office – Public Company” category, which honors public companies with a significant local presence that excel in service, growth, innovation and strategy.
In 2022, Jackson associates generated more than 2,100 volunteer hours in the greater Nashville area, with 25 associates serving on the boards of local nonprofit partners.
Jackson also donated $1.24 million to nonprofits in the Nashville community in 2022 through grants, sponsorships and donation matching.
Nominees for the Nashville Business Journal’s 2023 Best in Business awards were scored by an independent panel of judges, which looked at company culture, business plan, profitability and more.