Articles from Protective Life Corporation

Protective Life Corporation a U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), today announced the release of a new whitepaper based on proprietary research conducted by its principal subsidiary Protective Life Insurance Company (“Protective”) in partnership with Greenwald Research. The findings reveal a surprising emotional divide between consumers and financial professionals when it comes to planning for Social Security—one that could significantly influence how financial professionals approach retirement income conversations.

ShelterPoint Life Insurance Company (“ShelterPoint”), a leader in statutory Paid Family and Medical Leave (PFML) programs, today announced its approval by the State of Minnesota as a private plan provider. This strategic market entry follows ShelterPoint’s recent acquisition by Protective Life Corporation and strengthens the company’s position as a leading provider in the rapidly growing PFML market across the United States.

Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), will host its Annual Company Update webcast on April 28, 2025, from 8:15 – 9:15 a.m. CDT. Company leaders will discuss Protective’s 2024 financial results, current business strategy and 2025 outlook.

Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), today announced the promotion of Russ Kolmin to Senior Vice President, Chief Product Officer, Protection, effective April 2, 2025.

Protective Life Corporation (Protective), a U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), is pleased to announce it has signed a strategic reinsurance agreement with Resolution Life, through which Protective’s operating subsidiaries, Protective Life Insurance Company and West Coast Life Insurance Company, will cede in-scope blocks of structured settlement annuities and secondary guaranteed universal life policies currently in runoff to Resolution Life. Under the terms of the agreement, Protective will cede approximately $9.7 billion in reserves to Resolution Life. Protective will retain administration of the policies, ensuring a consistent customer experience.

Protective Life Corporation (Protective), a subsidiary of Dai-ichi Life Holdings, Inc. (Dai-ichi, TSE:8750), today announced that veteran industry leader Ron Laeyendecker, Senior Vice President of Executive Benefits Markets, has shared his plans to retire on June 30, 2025. Upon Laeyendecker’s retirement, John Cropenbaker will be promoted to Senior Vice President of Executive Benefits Markets.

Protective Life Corporation (Protective), a U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), today announced it has completed the sales of Concourse Financial Group Securities, Inc. (Concourse Securities) and Concourse Financial Group Agency, Inc. (Concourse Agency). Protective closed the asset purchase agreement with Cetera Financial Group (Cetera), which acquired Concourse Securities on February 20, 2025. Protective closed the stock purchase agreement with Simplicity Group (Simplicity), which acquired Concourse Agency, in November 2024.

Protective Life Corporation (Protective), a subsidiary of Dai-ichi Life Holdings, Inc. (Dai-ichi, TSE:8750), announces the retirement of Steve Walker, Vice Chairman, Finance & Risk, effective Dec. 31, 2024, following a career that spanned more than two decades at Protective. Walker’s current team, including the risk and corporate actuarial functions, will be realigned under the leadership of Paul Wells, EVP & Chief Financial Officer. In addition, Wade Harrison now serves as EVP & Chief Operating Officer.

Protective Life Corporation, a U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), is proud to announce that its principal subsidiary, Protective Life Insurance Company (together “Protective”), completed the acquisition of ShelterPoint Group, Inc., the holding company of ShelterPoint Life Insurance Company and its wholly owned subsidiary ShelterPoint Insurance Company (together “ShelterPoint”). ShelterPoint is a leading provider of statutory disability, paid family and medical leave, and medical gap insurance products, among others.

Protective Life Corporation, a subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750) today announced enhancements to its flagship variable annuity product, Protective Aspirations variable annuity, which is issued by its principal subsidiary Protective Life Insurance Company (“Protective”) and debuted in 2022. These new options were added to provide customers with more choices and flexibility based on their evolving needs.

Protective Life Corporation (Protective), a U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), today announced it has reached agreements to sell Concourse Financial Group Securities, Inc. (Concourse Securities) and Concourse Financial Group Agency, Inc. (Concourse Agency). Protective has entered into an asset purchase agreement with Cetera Financial Group (Cetera), which plans to acquire Concourse Securities, and a stock purchase agreement with Simplicity Financial (Simplicity), which plans to acquire Concourse Agency.

Protective Life Corporation (Protective), a subsidiary of Dai-ichi Life Holdings, Inc. (Dai-ichi, TSE:8750), announced today that it has unified its Protection and Retirement Divisions, effective Sept. 10. Aaron Seurkamp will lead the unified division as SVP, President, Protection & Retirement Division, while Jim Wagner takes on expanded role as SVP, Chief Distribution Officer for both Protection and Retirement products. In addition, Kenneth Byrd will now serve as SVP, Operations, Protection & Retirement Division, expanding his role to include operations for both product lines, as well as underwriting.

Protective Life Corporation (Protective), a subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), today announced the publication of its 2023 Sustainability Report, which highlights key milestones and accomplishments that demonstrate the company’s commitment to being a responsible business and creating long-term value for our stakeholders.

Protective Life Corporation, a subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750) today announced the launch of a new rider for its flagship Protective® Classic Choice term policy, which is issued by its principal subsidiary Protective Life Insurance Company (“Protective”). The new rider, Conversion Choice℠ rider with ExtendCare℠ provides customers with enhanced options for long-term protection and future chronic illness coverage.

Protective Life Corporation (Protective), a subsidiary of Dai-ichi Life Holdings, Inc. (Dai-ichi, TSE:8750), announces updates to its board of directors. Newly appointed directors include Stephen Barnham, Senior Managing Executive Officer, Chief Information Officer and Chief Digital Officer of Dai-ichi Life Holdings, Inc.; Joseph Guastella, Owner of OJW Advisors; Bruce Koepfgen, former President of Janus Capital Group and former EVP, Head of North America, of Janus Henerson Investors; and Satoshi Takemoto, Executive Officer and Chief General Manager of North America of Dai-ichi Life Holdings, Inc. and President and CEO of DLI North America, Inc. All changes went into effect April 3, 2024.

Protective Life Corporation (Protective), a subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), announces that Dom Lebel has joined the company as SVP & Chief Risk Officer, effective May 6. The company also announced Casey Hardeman has been promoted to SVP, Financial Planning & Analysis.

Protective Life Corporation (“Protective”), a U.S. subsidiary of Dai-ichi Life Holdings, Inc. (“Dai-ichi”; TSE:8750), announced today that its principal subsidiary, Protective Life Insurance Company, entered into an agreement to acquire ShelterPoint Group, Inc., a leading provider of statutory disability, paid family and medical leave, as well as medical gap insurance products, among others. ShelterPoint Group, Inc. is the holding company of ShelterPoint Life Insurance Company and its wholly owned subsidiary ShelterPoint Insurance Company (together “ShelterPoint”).

Protective Life Corporation (Protective), a U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), announced today that David Loper has been named Vice President of Community Engagement and Executive Director of the Protective Life Foundation.

Protective Life Corporation (Protective), a subsidiary of Dai-ichi Life Holdings, Inc. (Dai-ichi, TSE:8750), announced today leadership changes that will help drive transformative change, deliver greater value for customers, and establish a roadmap for building the company’s future. As part of this business transformation, the company has appointed a new transformation executive and realigned key functions among its executive team.

Protective Life Insurance Company (Protective), a subsidiary of Dai-ichi Life Holdings, Inc. (Dai-ichi, TSE:8750), announces the Private Letter Ruling (PLR) from the Internal Revenue Service (IRS) related to Protective’s fee-based advisory Variable Universal Life (VUL) offering. This ruling, an industry first for a life insurance product, was issued on July 17, 2023, by the IRS regarding Protective’s Investors Benefit Advisory VUL offering.

Protective Life Corporation (Protective), a subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), today announced the publication of its 2022 Sustainability Report, showcasing recent milestones in its sustainability strategy.

Protective Life Corporation (Protective), a subsidiary of Dai-ichi Life Holdings, Inc. (Dai-ichi, TSE:8750), announces updates to its board of directors. Newly appointed directors include Dawn Bulgarella, CEO of the UAB Health System and CEO of the UAB/Ascension St. Vincent’s Alliance; Mark Tarr, President and CEO of Encompass Health; and Hitoshi Yamaguchi, Managing Executive Officer at Dai-ichi Life Holdings, Inc., responsible for the International Life Insurance Business Unit. John J. McMahon, Jr., Chairman of Ligon Industries, LLC, has retired from Protective’s board. All changes are effective today, April 4, 2023.

Concourse Financial Group (Concourse), a division of Protective Life Corporation (Protective), has named David Perry as Chief Executive Officer, effective Oct. 1, 2022. Perry most recently served as Chief Operating Officer, a role he assumed when the firm first launched in July 2021.

Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), today announced the appointment of Doyle Williams as Chief Marketing Officer, effective Oct. 1, 2022. Under Williams’ leadership, the marketing organization now operates as an enterprise-wide function, aligning marketing for all the retail businesses with the company’s brand marketing team, ultimately providing more value for employees, partners and customers.

Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), today announced that Kathryn Cox has joined the company as senior vice president and will serve as president of the company’s Protection Division, effective July 12, 2022. In her role, Cox will lead sales, new business operations, product development and underwriting for the Protection business segment.

Protective Life Corporation, a wholly owned U.S. subsidiary of Dai‑ichi Life Holdings, Inc. (TSE:8750) today announced the launch of its Protective® Aspirations Variable Annuity product, issued by its principal subsidiary Protective Life Insurance Company (“Protective”).

Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), today announced the publication of the company’s 2021 Sustainability Report, highlighting key achievements of integrating sustainable practices throughout the organization and living out the company’s purpose as protectors.

Protective Life Corporation, a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), and its principal subsidiary, Protective Life Insurance Company (together, “Protective”), announced today the launch of a new goals-based income planning program in collaboration with industry expert Michael Finke, professor of wealth management and Frank M. Engle Distinguished Chair in Economic Security at The American College of Financial Services.

Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), today announced that Mike Temple, vice chairman and chief operating officer, will retire from Protective, effective June 10, 2022, after a decade of significant contributions to the company.

Protective Life Corporation, a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), is proud to announce that its principal subsidiary, Protective Life Insurance Company, completed the acquisition of leading automotive finance and insurance provider AUL Corp. (“AUL”).

Protective Life Corporation, a wholly owned U.S. subsidiary of Dai‑ichi Life Holdings, Inc. (TSE:8750), and its principal subsidiary, Protective Life Insurance Company (together, “Protective”), today announced the recent closing of a five-year, $1.5 billion sustainability-linked revolving credit facility, which replaces its current $1.0 billion revolving credit facility.

Protective Life Corporation, a wholly owned U.S. subsidiary of Dai‑ichi Life Holdings, Inc. (TSE:8750), announced today that its principal subsidiary, Protective Life Insurance Company (“Protective Life”), has entered into an agreement to acquire leading automotive finance and insurance provider AUL Corp.

Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), announced today they were recently recognized by the U.S. Environmental Protection Agency as a Green Power Partner for their Birmingham headquarters.

Protective Life Corporation (“Protective”), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750, “Dai-ichi”), will host its Annual Company Update webcast on March 30, 2022, from 10 - 11 a.m. CDT. Company leaders will discuss Protective’s 2021 financial results, current business strategy and 2022 outlook.

Following the recent launch of a new brand identity, Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), today announced the publication of the Company’s 2020 Sustainability Report, “Because we’re all protectors.” The inaugural report details the actions, progress and achievements resulting from the Company’s sustainability strategy.

Protective Life Insurance Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), today announced a recent transaction that included four minority-owned investment banking firms for its funding agreement-backed notes (FABN) program. Protective selected CastleOak Securities, LP., Loop Capital Markets LLC, Siebert Williams Shank and Stern as active co-managers for the FABN transaction, which totaled $375 million. Citigroup Global Markets Inc., BofA Securities and Wells Fargo Securities were active bookrunners on the transaction.

A partnership between the University of Alabama at Birmingham and Protective Life Corporation focuses on advancing the science of healthy aging, including a $1.5 million investment, announced in May, to create the Protective Life Endowed Chair in Healthy Aging Research. The University of Alabama System Board of Trustees recently approved the appointment of Steven N. Austad, Ph.D., one of the most respected minds in healthy aging research, as the inaugural Protective Life Endowed Chair in Healthy Aging Research, enabling him to build on his pioneering legacy to establish Birmingham as a global epicenter for healthy aging research.

As part of its commitment to being a good corporate citizen and protecting its communities, Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), has launched a collaboration with apparel brand, FLY V, a project that brings local apparel to Protective Stadium, supports a Birmingham Northside small business, and will direct funds back into Northside communities.

Following the recent launch of a new brand identity, Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750) celebrated alongside employees, elected officials, business and community leaders and project partners as the Protective Stadium identification signage was officially turned on for the first time at Protective Stadium last evening.

Today Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), announces a new brand identity that exemplifies the Company’s 114-year commitment of putting people first, delivering on promises and striving to do more for its customers, business partners, employees and communities.

Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), today announced the hiring of National Sales Director of Annuity Advisory Solutions, Lauren Drapeau. She will be responsible for leading efforts to deepen and enhance Protective’s Advisory business partnerships.

Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), is collaborating with Alabama Power to provide Protective’s Birmingham headquarters with 100% renewable energy. With Protective’s Birmingham-based workforce of 1,500 in a 620,000-square-foot building on Highway 280, Protective and Alabama Power are working together to support innovative solutions for a more sustainable future.

American Family Insurance Life Company has entered into a relationship with Protective Life Insurance Company (Protective Life) to give American Family agency owners more ways to help meet their customers’ retirement needs.

Protective Life Corporation (Protective), a wholly owned subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), today announced that Pooja Rahman will join the company as SVP & Chief Risk Officer, effective today, June 14. The company also announced that Deep Banerjee has been promoted to SVP & Treasurer. Both Rahman and Banerjee will report to Steve Walker, Executive Vice President & Chief Financial Officer at Protective.

Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), today announced the launch of Concourse Financial Group (“Concourse”). The move will create a unified organization consisting of Protective’s insurance and financial planning affiliates – ProEquities, a leading independent broker-dealer and RIA; First Protective, a multi-faceted brokerage general agency that specializes in risk management; and Protective Distributors, a division that supports life insurance distribution.

Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), is pleased to announce that Michael J. Morrissey, former President and Chief Executive Officer of the International Insurance Society (IIS), has been appointed Chairman of its Board of Directors, effective May 11. Mr. Morrissey has served on Protective’s Board of Directors since May 2020.

In 1988, researchers discovered that a mutation in a tiny worm’s genes could extend its lifespan by 50 percent. In the 33 years since, the study of healthy aging has become one of the most dynamic fields in the scientific world, as researchers translate discoveries from the intensive study of animal biology to the development of new medicines and the implementation of lifestyle changes that can help people live better, as well as longer.

Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), today announced enhancements to available investment options, advancing the company’s presence in the variable annuities space. To help clients better capitalize on growth opportunities, Protective’s commission-based variable annuity solutions and their fee-based advisory solutions will now offer investment options from four new investment managers: AllianceBernstein, BlackRock, Columbia Threadneedle and T. Rowe Price. In addition to the new investment managers, Protective has added 29 new sub accounts to their commission-based products and 38 new sub accounts to their fee-based advisory products.