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LifeQuotes.com: U.S. Life Insurers Lift COVID-19 Underwriting Restrictions; Life Insurance Prices Fall to All-Time Lows

LifeQuotes.com: U.S. Life Insurers Lift COVID-19 Underwriting Restrictions; Life Insurance Prices Fall to All-Time Lows
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AM Best Affirms Credit Ratings of Pacific LifeCorp and Its Subsidiaries

AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa" (Superior) of Pacific Life Insurance Company and Pacific Life & Annuity Company (collectively referred to as Pacific Life Group). Both companies are headquartered in Newport Beach, CA. Additionally, AM Best has affirmed the Long-Term ICR of "a" (Excellent) of the group’s intermediate holding company, Pacific LifeCorp (Wilmington, DE). AM Best also has affirmed the L ....

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MIB Elects New Chairman and Vice Chairman to its Board

MIB Elects New Chairman and Vice Chairman to its Board
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BRAINTREE, Mass., May 14, 2021 /PRNewswire/ MIB Group, Inc. is pleased to announce the election of its new Chairman and Vice Chairman of the Board of Directors for 2021-22 and the re-election of four incumbent Directors to the Board. MIB s Board is composed of 12 independent directors, and one internal director, MIB s President and Chief Executive Officer.
Effective with the May 14
th Board Meeting,
Bruce K. Baude, Chief Operations and Technology Officer of CNO Financial Group, Inc. will become Chairman, thereby succeeding
Michael C.S. Fosbury, President and Chief Executive Officer of Columbian Mutual Life Insurance Company, who will remain on the MIB Board of Directors as Immediate Past Chair. ....

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Tricon Reports Strong Operational Results in Q1 2021; Launches New Growth Vehicles and Raises $1 Billion of Equity from Third-Party Investors

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/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES./
TORONTO, May 12, 2021 /CNW/ - Tricon Residential Inc. (TSX: TCN) ( Tricon or the Company ), an owner and operator of single-family rental homes and multi-family rental apartments in the United States and Canada, announced today its consolidated financial results for the three months ended March 31, 2021. The Company also provided an update on recent operating trends. All financial information is presented in U.S. dollars unless otherwise indicated.
The Company reported strong operational and financial results in the first quarter, including the following highlights:
Net income from continuing operations was $41.9 million compared to a net loss of $46.5 million in the prior year; diluted earnings per share from continuing operations was $0.21 compared to a $0.24 loss per share in the prior year; ....

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Tricon Announces $1.5 Billion Homebuilder Direct Joint Venture to Include Pacific Life Insurance

Tricon Announces $1.5 Billion Homebuilder Direct Joint Venture to Include Pacific Life Insurance
Posted on 05/12/2021
Toronto, Ontario-based Tricon Residential Inc. is an owner and operator of a growing portfolio of over 31,000 single-family rental homes and multi-family rental apartments in the United States and Canada with a primary focus on the U.S. Sun Belt. Tricon Residential formed a new joint venture with Pacific Life Insurance Company and a global investor to acquire newly built single-family rental homes targeting the middle-market demographic in the U.S. Sun Belt. This new Joint Venture will serve as a natural complement to Tricon’s existing single-family rental joint venture (SFR JV-1) which is focused on the organic acquisition of resale homes. The Homebuilder Direct joint venture will have an initial equity commitment of $300 million (one-third from each partner) and include the ability for investors to increase the vehicle size to $450 million, representing ....

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