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Archive | April 26, 2013

Genworth Scheduled to Sell Management Business

Earlier this month, insurance giant Genworth Financial announced they have plans to sell their Wealth Management business.  Aquiline Capital Partners and Genstar Capital have partnered up to be the sole purchaser of Genworth’s Wealth Management business for $412.5 million.  The motivation behind the sell for Genworth is to increase financial flexibility.  This could mean we  Click to Continue


Making a Quiet Exit

Insurance giant State Farm, may be exited the long-term care market, and doing it quietly.  According to the American Association for Long-Term Care Insurance, sales have stopped for State Farm in Arizona, California, Connecticut, Hawaii, Indiana, Nevada, and New York.  Because of light policy persistency, there have been numerous other carriers cutting back on LTC  Click to Continue