Plus: Allianz and Prudential make moves in multi-billion US dollar reinsurance; AM Best maintains stable outlook; Corebridge’s 21.6% ownership sales completed.
Pacific Life has entered the registered index-linked annuity (Rila) market with Pacific Protective Growth, which offers five index options, including two that track index-based exchange-traded funds (ETFs) while providing levels of protection during market downturns. Pacific Protective Growth is ‘a fresh twist on protected income’ and could become ‘a highly competitive offering' - Nick Weber This Rila debuts the First Trust Growth Strength Net Fee Index and includes two &ls