Guggenheim Life and Annuity Co. (GLAC) will reinsure policies issued by Standard Life Insurance Co. (SLIC), which has been in rehabilitation since 2008.

The Wisconsin Office of the Commissioner of Insurance filed a plan to handle Ambac Assurance Corp.’s (AAC) segregated account, which it seized in March over concerns about ties to mortgage-backed securities.

The Missouri insurance director has been named receiver of National States Insurance Co., which Missouri’s Department of Insurance said is in hazardous financial condition.

White Mountains Re Ltd. is going to acquire Central National Insurance Co. of Omaha from Drum Financial Corp., the sixth runoff acquisition for the company.

While the insurance industry in Virginia has changed since 1996, one thing has remained constant: Al Gross has been the state’s insurance commissioner.

A prospective buyer of an insurance subsidiary of Penn Treaty American Corp. has failed to complete the deal during its exclusivity period, the insurer said.

As a result, the Allentown, Pa.-based …  Read →