Press release content from Business Wire. The AP news staff was not involved in its creation.
Jackson Announces Leadership Changes Led By New CEO Laura Prieskorn
February 12, 2021 GMT
LANSING, Mich. (BUSINESS WIRE) Feb 12, 2021
Jackson Financial Inc. ¹ (“Jackson”), today announced leadership changes ahead of the company’s planned separation from Prudential plc (“Prudential”). The changes follow a February 10, 2021 announcement from Prudential, which named Laura Prieskorn Chief Executive Officer of Jackson and Marcia Wadsten Chief Financial Officer of Jackson. Along with these changes, Michael Falcon and Axel Andre are leaving Jackson, where they served as CEO and CFO respectively. These changes are effective immediately and are the outcome of a review of Jackson’s management needs as a well-capitalized, independently listed company seeking to create shareholder value.
Posted on 8927
AM Best has commented that the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” of Jackson National Life Insurance Company (JNL), its wholly owned subsidiary, Jackson National Life Insurance Company of New York, and its direct parent, Brooke Life Insurance Company (collectively referred to as the Jackson National Group [JNG]) remain unchanged following the recently announced plan for JNG to be separated from its Prudential plc (Prudential) parent via a second-quarter 2021 demerger. All companies are headquartered in Lansing, MI.
On Jan. 28, 2021, Prudential announced that it would pursue the separation of Jackson Financial, Inc. (Jackson), JNG’s U.S. holding company, from the group in the second quarter of 2021 through a demerger, whereby shares in Jackson would be distributed to Prudential shareholders. The demerger, which is subject to share
Getty Images
What if Aristotle were your financial professional? Once you got past replacing your laptop with a stone tablet, a noticeable lack of air conditioning, and trading in your shoes for sandals, perhaps you could visualize the possibility. Now can you imagine what this ancient Greek philosopher would say about such things as Social Security, 401(k) plans and living on a golf course? And what might he say about retirement planning in the age of COVID-19?
Well, consider one of the more famous quotes often attributed rightly or wrongly to Aristotle: “
It is the mark of an educated mind to be able to entertain a thought without accepting it.” While many interpretations have been attached to this sentiment,
To embed, copy and paste the code into your website or blog:
On December 10, 2020, the U.S. District Court for the Northern District of California held its Class Action Symposium. The symposium is as timely as ever. Food, beverage, and consumer product class actions are rocketing, with projected filings up 24 percent over 2019. The Northern District of California sees a substantial subset of these filings, earning it the nickname “the Food Court.”
The symposium featured distinguished speakers such as the Honorable Charles Breyer, Erwin Chemerinsky, and several of the nation’s leading class action litigators. In a matter of hours, the symposium packed in a variety of top-of-mind topics for practitioners: (1) guidance for class action settlements, (2) key developments in Ninth Circuit case law, and (3) predictions about class action cases at the Supreme Court.
Jackson to Offer Advisory Variable and Fixed Index Annuities Through TruChoice s Outsourced Insurance Division Platform MINNEAPOLIS - December 10, 2020 - (Newswire.com)
TruChoice Financial Group, LLC (TruChoice), one of the largest distributors of insurance products in the financial services industry, and Jackson National Life Insurance Company® (Jackson) today announced a new strategic alliance to bring the carrier s popular advisory annuity products to fee-based financial professionals through TruChoice s Outsourced Insurance Division (OID).
As an industry leader, TruChoice developed and enhanced its OID services throughout 2019 and 2020. The OID distribution model utilizes a product-agnostic, multi-carrier methodology to allow financial professionals to manage client assets and protection needs while working with FINRA-registered and insurance-licensed OID Specialists.