Several insurance companies disclosed new products and coverage enhancements in recent days.
Life and health
Ohio National Mutual Holdings Inc. revamped its indexed universal life insurance product Virtus IUL II, which now has four index accounts and two flexible loan options.
The company also unveiled V-Pro UL II, a universal life insurance policy with a long-term death benefit protection.
Penn Mutual Life Insurance Co. rolled out its Guaranteed Whole Life insurance product, which features a customized payment period, cash value accumulation and death benefit protection for policyholders.
The income-tax-free death benefit is guaranteed throughout the policyholder's life and will be immediately accessible to the policy's beneficiaries. The product also includes an option that allows the beneficiaries to access a part of the death benefit if the policyholder develops a chronic or terminal illness.
Great American Life Insurance Co. launched Index Protector 4 and Index Protector 5 market value adjustment, which are fixed-indexed annuities for advisers involved in fee-based planning.
The company also expanded its Index Protector 7 annuity with a point-to-point indexed strategy tied to the iShares MSCI EAFE exchange-traded fund.
Dale Underwriting Partners unveiled its accident and health insurance offering, which includes standard personal accident, illness and business travel products.
The offering also has specialized war risk personal accident, kidnap and ransom and emergency medical and security evacuation coverage.
AIA Thailand partnered with Medix to offer personal medical case management services to clients with critical illnesses, Bangkok Post reported.
Coverage will be available to infinite care customers, AIA Prestige Club customers and critical illness policyholders, according to the report.
Pacific Life is offering its fee-based advisory annuities to independent registered investment advisers through TD Ameritrade Holding Corp.'s The Insurance Agency of TD Ameritrade LLC.
The offering includes the Pacific Odyssey advisory variable annuity and the Pacific Index Advisory fixed indexed annuity.
Pacific Life refers to Pacific Life Insurance Co. and its affiliates, including Pacific Life & Annuity Co.
Property and casualty
Nexus Specialty Inc. entered a program agreement that will allow it to underwrite Crum & Forster Insurance Co.'s trade credit products in the U.S. on a fully admitted basis.
The agreement is part of the expansion of Nexus Group's product lines in the U.S.
Equinox Global Inc. rebranded in November 2019 to Nexus Specialty, which is a part of Nexus Underwriting Management Ltd.
Insurance Company EIG Re EAD will offer insurance coverage for fire and natural forces and other damage to property in the Netherlands, SeeNews reported, citing a statement from Bulgaria's Financial Supervision Commission.
EIG Re is part of Eurohold Bulgaria.
Stewart Title partnered with Sympli Australia Pty Ltd. to provide Sympli's subscribers with lodgement gap coverage on residential property transactions.
The product will protect customers from any intervening instruments or notices lodged by third parties during the lodgement period of the land title registration process.
Stewart Title is wholly owned by Stewart Title Guaranty Co. Inc., which is the primary underwriter for Stewart Information Services Corp.
Golconda Partners LLC launched an independent insurance brokerage firm for ultra-affluent families.
The newly launched firm will focus on acquiring diversified portfolios of traditional life insurance, private placement life insurance and private placement annuity investment accounts.
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