Reinsurance News
National Western Life Group
National Western & Prosperity Life Group announce signing of $1.9bn cash merger
16th October 2023
National Western Life Group, Inc., the parent organization of National Western Life Insurance Company, and Prosperity Life Group have announced the signing of a definitive Merger Agreement whereby S. USA Life Insurance Company, Inc. (SUSA), an affiliate of Prosperity Life Group, will acquire National Western in an all-cash transaction valued ... Read the full article
Western National appoints Dean Hildebrandt to Board of Directors
24th August 2023
Property and Casualty insurer, Western National Mutual Insurance Company, has announced the election of Dean Hildebrandt, President & CEO of Assurex Global, to its Board of Directors. The appointment was confirmed after the company’s annual policyholder meeting, with Hildebrandt assuming the role of Director with immediate effect. Hildebrandt is an industry veteran ... Read the full article
National Western Life in reinsurance transaction with Aspida Life Re
10th August 2022
Texas-based National Western Life has announced the execution of an annuity reinsurance transaction with Aspida Life Re Ltd. – a Bermuda-based reinsurer. The transaction was effective July 1, 2022. The reinsurance transaction is a strategic move that is designed to support plans previously announced by National Western Life to grow its business ... Read the full article
NWLIC and Aspida enter into $250mn Funds Withheld Coinsurance Agreement
3rd August 2022
National Western Life Insurance Company (NWLIC), part of National Western Life Group, Inc., has entered into a Funds Withheld Coinsurance Agreement with Bermuda domiciled reinsurer, Aspida Life Re Ltd. NWLIC agreed to cede, on a coinsurance with funds withheld basis, a specified quota share of certain liabilities pertaining to an in-force ... Read the full article
National Western Life enters into annuity reinsurance transaction with Prosperity
19th January 2021
National Western Life Insurance Company (NWLIC), part of National Western Life Group, Inc., has completed an annuity reinsurance transaction with Bermuda domiciled reinsurer, Prosperity Life Assurance Limited, effective December 31st, 2020. Prosperity, which is rated A- (Excellent) by A.M. Best, is an emerging provider of bespoke and innovative reinsurance solutions to ... Read the full article
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