Structured Settlements 4Real®Blog 2026

Structured settlements expert John Darer reviews the latest structured settlements and settlement planning information and news, and provides expert opinion and highly regarded commentary. that is spicy, Informative, irreverent and effective for over 20 years.

New Leadership at Independent Insurance Group as Herrema takes over as Interim CEO
by John Darer CLU ChFC MSSC CeFT RSP CLTC

The latest structured settlement buzzThe leadership change at Independent Insurance Group was part of a strategic move to ensure continued growth and success.

While the official reasons for Michael A. Upchurch’s departure haven’t been publicly detailed, the appointment of Donald J. Herrema as the interim CEO suggests a desire for fresh leadership to navigate the company’s future.

Under Mr. Upchurch’s leadership, Independent Insurance Group achieved significant milestones, including consistent premium growth, reaching over $1.3 billion in total assets, and maintaining strong ratings from Egan-Jones and KBRA. The company aims to continue its mission of delivering innovative structured settlement annuities and services.  Home | Independent Life

Independent Life launched in 2018 received over $400 million in premium in 2024 in a year that saw the structured settlement industry production achieve a new record $9.48B in premium. Independent reached over $1.3 billion in total assets at the end of fiscal 2024, recording statutory profit for each of the 2023 and 2024 fiscal years, receiving and maintaining an A rating from Egan-Jones and an A- rating from KBRA since inception, establishing strong reinsurance relationships with Hannover Re and Somerset ReIinsurance Ltd according to its website.

 

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