by John Darer® CLU ChFC MSSC RSP CLTC
The November 2010 issue of Best's Review includes the supplement "2010 Insurance Facts and Stats: An Introduction to the Insurance Industry". It is full of plenty of relevant and useful information for plaintiffs, settlement consultants, defense and plaintiff lawyers, claims adjusters, judges and financial advisers.
The information provided by Best's Review underscores that in general, the life insurers who issue structured settlement annuities are among the largest, well capitalized financial companies in world. Readers can learn (1) about managing risk and insurance (2)how insurers make money (3) about the fiscal fitness of insurers (4) life insurance and annuity industry challenges, and more.
Consider a few facts from Best's Review that are relevant to injury victims, wrongful death survivors, structured settlement annuitants, personal injury attorneys, insurers and other structured settlement stakeholders:
A. World's Largest Insurers Companies who offer (or formerly offered) structured settlements directly or though subsidiaries
3. American International Group
5. Aviva plc (former)
6. MetLife Inc.
8. Prudential Financial, Inc.
10. AEGON N.V. (former)
16. Manulife Fiancnial Corp
18. Hartford Financial Services Group (former)
B. Leading US Property & Casualtty Insurers in Terms of Policyholder's Surplus
6. USAA Insurance Company (owns structured annuities funded with USAA Life Insurance Company
C. Top Life/Health Insurers By Admitted Assets
1. Metropolitan Life and affilated companies
2. Prudential of America Group
3. AIG Life Group
4. Hartford Life Group (former issuer)
5. Manulife Financial (parent of John Hancock Life Insurance Company (U.S.A/) and John Hancock Life Insurance Comapny of New York
7. New York Life Group
8.AEGON USA Group (parent of several former annuity issuers Trasamerica Life, Transamerica Occidental, Monumental et al.)
9.ING USA LIfe Group (parent of former structured annuity issuer Security Life of Denver)
D. Top Life Insurers by Capital & Surplus Position
2. Metropolitan Life & Affiliated Companies (e.g.MetLife Insurance of CT, a reinsurer n the structured settlement space)
3. AIG Life Group
4. New York Life Group
6. Prudential of America Group
7. MassMutual Financial Group (former issuer through Massachusetts Mutual Life Insurahnce Company)
8. AEGON USA Group
9. ING USA Group
E. Top Writers of Individual Annuities in US
1. Metropolitan Life and Affilated Companies
2. AIG Life Group
4. New York Life Group
8. Prudential of America Group
9. Pacific Life Group
Visit 4structures.com LLC's Structured Annuity Museum on Pinterest, featuring a compilation of images of architecture, vintage advertising and ephemera which demonstrates the longevity of the life insurance companies who issue or have issued structured settlement annuities.
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