What You Need to Know
- Ruark has data that insurers and regulators can use to move toward principles-based reserving.
- Integrity Marketing has acquired PIPAC.
- Babyscripts has raised money from a group of investors that includes Cigna Ventures.
Milliman has acquired Ruark Consulting — a company with data that annuity issuers can use to move toward a more flexible, principles-based approach to establishing annuity reserves.
Milliman is an actuarial consulting firm based in Seattle.
Ruark is based in Simsbury, Connecticut.
Ruark publishes life insurance company experience studies that include data on companies with about $1.1 trillion in annuity account value in place, Milliman says.
What Your Peers Are Reading
The studies deal with matters such as surrenders, partial withdrawals, annuitizations and mortality.
Integrity Marketing and PIPAC
Integrity Marketing has acquired PIPAC Health & Life Insurance Brokerage.
Integrity Marketing is a Dallas-based insurance distributor that has grown rapidly through acquisitions.
PIPAC is an independent marketing organization based in Cedar Falls, Iowa.
Greg Saul, president of PIPAC, and LeaAnn Saul, the company’s vice president, will become managing partners with Integrity.
The deal price was not disclosed.