The parent company of Old Mutual Life Insurance Co. and its subsidiary, OM Financial Life Insurance Co. of New York, said today (March 11) it is considering selling off both companies.

Personal insurance lines appear prepared for what challenges lie ahead this year, leading a key ratings service to forecast the segment to remain “stable” this year.

A key ratings service continues to view the U.S. commercial insurance market outlook as “stable,” forecasting a “flattening” in commercial lines rates later this year.

The life insurance sector is the darling among its financial service peers, according to a new analysis from A.M. Best.

With MetLife’s recent admission of talks with American International Group for its life insurance division, A.M. Best has put the ratings of that unit under review.

The U.S. property-casualty insurance industry posted net premium written losses for the third consecutive year, a record, according to a ratings service.

In a deal estimated at $180 million, New York-based Tower Group has agreed to purchase the personal lines division of OneBeacon Insurance Group, which includes two insurance companies and two management companies.

Noting qualities such as its strong risk-adjusted capitalization and niche market position in the retirement and pension plan segments, A.M. Best has affirmed the ratings of Mutual of America Life Insurance Co.

A New York-based subsidiary of holding company Trustmark Group has recently had its ratings assigned by A.M. Best.

Noting the company’s diversified business profile, large excess surplus and solid-risk adjusted capitalization, A.M. Best has affirmed the ratings of The Penn Mutual Life Insurance Co. and its Delaware-based subsidiary.