Insurance and Investments - Business Record
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  • Friday, January 18, 2019 11:33 AM
    EMC Insurance Group Inc. announced that it expects to report a net loss in the range of 33 to 37 cents per share for the year ended Dec. 31, 2018. 

  • Thursday, January 17, 2019 11:31 AM
    Marsh & McLennan Cos. announced that it has appointed a new leader for its Mercer consulting arm. Martine Ferland, currently Mercer group president, will assume the role of president and CEO of Mercer effective March 1. 

    Thursday, January 17, 2019 9:01 AM
    A San Francisco-based insurtech company with ties to Des Moines has received $33.5 million in investment capital from a group of insurers led by Principal Financial Group’s life insurance arm. The company, Limelight Health, will use the money for product development, customer acquisition, global expansion and hiring efforts related to its cloud-based health insurance quoting, underwriting and proposal application.

  • Wednesday, January 16, 2019 11:11 AM
    Principal Financial Group has promoted Pedro Borda, currently president of Principal South Asia and India, to senior vice president and chief operating officer of Principal International.

  • Tuesday, January 15, 2019 11:11 AM
    Wells Fargo & Co. today posted quarterly revenue that missed analysts’ estimates, Reuters reports, as revenue across all its banking units declined, especially at community banking, the unit at the center of its 2016 sales scandal. 

    Friday, January 11, 2019 6:00 AM
    A mostly down year for Iowa’s public stocks.

    Thursday, January 10, 2019 9:00 AM

  • Wednesday, January 9, 2019 3:16 PM
    EMC Insurance Group Inc. said in a release that a special committee of its board of directors has retained Willkie Farr & Gallagher LLP as its legal counsel and Sandler O’Neill + Partners LP as its independent financial adviser in connection with its review, evaluation and response to the nonbinding proposal letter on Nov. 15 from Employers Mutual Casualty Co. to pay $30 per share in cash for all of EMC’s outstanding common stock that it does not already own in an attempt to take EMC private.

  • Tuesday, January 8, 2019 11:10 AM
    A financial adviser team in West Des Moines led by Joel Worsfold has affiliated with Carson Wealth, an independent advisory firm based in Omaha. 

  • Friday, January 4, 2019 2:13 PM
    UnitedHealthcare has appointed Alissa Weber as chief executive officer of UnitedHealthcare Community Plan of Iowa, effective Jan. 15. 

    Friday, January 4, 2019 9:31 AM
    Last year at this time we were all marveling at a market runup that seemed to build on Obama-era fundamentals and pick up steam with the news of President Donald Trump’s tax cuts and limiting of regulations.

  • Thursday, December 27, 2018 11:07 AM
    Enrollment for health plans through the Affordable Care Act dipped slightly in Iowa this year, reports the Cedar Rapids Gazette. 

    Friday, December 21, 2018 6:00 AM

    Wednesday, December 19, 2018 4:21 PM
    FGL Holdings, the parent company of Des Moines-based Fidelity & Guaranty Life, announced Wednesday it has replaced President and CEO Christopher Littlefield, who had led the company since 2014. FGL appointed Christopher Blunt, most recently senior managing director and CEO of Blackstone Insurance Solutions, as its new president and CEO. 

  • Wednesday, December 19, 2018 11:21 AM
    Before the weather outside gets frightful, there are steps your organization should take to prevent a lawsuit that’s so undelightful, according to insurance broker Holmes Murphy.

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