Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

Legacy To Get Products From SCOR Unit

Your article was successfully shared with the contacts you provided.

NU Online News Service, June 14, 12:07 p.m. – Legacy Marketing Group, Petaluma, Calif., a financial services distribution unit of Regan Holding Corp., says Investors Insurance Corp. will be helping it develop new products for its network of wholesalers and independent agents.

The first product, an equity index fixed annuity, will be released this summer, Legacy says.

Investors Insurance is a unit of SCOR Life U.S. Re Insurance Company, Dallas, which in turn is an affiliate of SCOR, Paris, a large French reinsurer.

SCOR will reinsure the Legacy/Investors Insurance portfolio, Legacy says.

The deal is set up in such away that Regan Holding could gain control over Investors Insurance after a five-year period, Legacy adds.

Regan Holding is an agent-owned company. Regan’s Legacy unit has generated $7.4 billion in fixed annuity premiums over the past five years, according to company figures.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.