This week’s updates include details on MetLife Annuities and Life products being offered under the Brighthouse brand, Anthem Blue Cross Blue Shield Plan G releases in California and Missouri, and AmeriLife CEO Scott Perry’s Insurance News Net Magazine interview on IMOs entering a period of consolidation.
MetLife Annuities and Life Now Offered Under Brighthouse Brand | Insurance News Net | March 8, 2017
Brighthouse Financial, an operating segment of MetLife, Inc. (NYSE: MET), today announced that it is now offering its suite of annuity and life insurance solutions under the Brighthouse Financial brand. MetLife has initiated the regulatory process for the planned separation of Brighthouse Financial.
Anthem Blue Cross and Blue Shield Adding Plan G to Medicare Supplement Portfolio in California and Missouri | Business Wire and Insurance News Net | March 6, 2017
In recent months, Anthem Blue Cross and Blue Shield has expanded their Medicare Supplement portfolio to include Plan G in California and Missouri. Please see the press releases below for more details.
AmeriLife CEO: IMOs Entering an Age of Consolidation | Insurance News Net Magazine | March 2017
Independent marketing organizations (IMOs) are headed for an era of consolidation. This is happening as insurers look to form fewer but deeper relationships with distributors seeking more scale to access larger amounts of capital, the new CEO of a top IMO said.
The first consolidations are expected among smaller IMOs. But within five to seven years, it’s possible that even large IMOs, sometimes called super-IMOs, will seek to merge with competitors, said Scott R. Perry, CEO of AmeriLife.
However, he said, consolidation among the large IMOs would most likely be a “one-off,” rather than a trend that is likely to affect smaller IMOs. In any case, a merger among large IMOs wouldn’t take place in the immediate future.
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