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Symetra Names Daniel Palermino SVP, Benefits Distribution and Field Service

Press release content from Business Wire. The AP news staff was not involved in its creation.
Symetra Names Daniel Palermino SVP, Benefits Distribution and Field Service
July 14, 2021 GMT
Daniel Palermino, senior vice president, Benefits Distribution and Field Service at Symetra. (Photo: Business Wire)
BELLEVUE, Wash. (BUSINESS WIRE) Jul 14, 2021
Symetra Life Insurance Company today announced the appointment of
Daniel Palermino as senior vice president, Benefits Distribution and Field Service. In this new role, Mr. Palermino will have responsibility for all aspects of sales and field service activities across the Benefits Division’s product lines, including group life and disability insurance, voluntary benefits and stop loss. He reports to Harry Monti, executive vice president, Benefits Division, and will be based in Massachusetts. ....

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Symetra Launches Two New Registered Index-linked Annuities – InsuranceNewsNet

BELLEVUE, Wash. (June 2, 2021) Symetra Life Insurance Company has introduced two new single-premium registered indexed-linked annuities (RILAs) for clients seeking retirement products that offer growth potential with some downside protection options Symetra Trek
® Plus Index-linked Annuity and Symetra Trek
® Frontier Index-linked Annuity.
The newest additions to Symetra’s broad product suite join the fast-growing index-linked annuities space, which had Q1 sales of $9.2 billion, an increase of 89 percent over the prior year. The market is expected to grow through 2025, according to the Secure Retirement Institute.
1
®, which was recognized by
Barron’s on their annual ‘Top Annuities’ list in 2019 and again in 2020.
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“Trek Plus and Trek Frontier build on the customer-focused foundation of Symetra Trek, offering strong liquidity features, buffer and floor downside protection options, and five index choices. Trek Plus provides upsi ....

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AM Best Affirms Credit Ratings of Symetra Financial Corporation and Its Subsidiaries

Press release content from Business Wire. The AP news staff was not involved in its creation.
AM Best Affirms Credit Ratings of Symetra Financial Corporation and Its Subsidiaries
February 19, 2021 GMT
OLDWICK, N.J. (BUSINESS WIRE) Feb 19, 2021
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” of Symetra Life Insurance Company and its subsidiary, First Symetra National Life Insurance Company of New York (New York, NY), together referred to as Symetra Life Group. Concurrently, AM Best has affirmed the Long-Term ICR of “bbb+” and the Long-Term Issue Credit Rating (Long-Term IR) of Symetra Financial Corporation (Symetra). The outlook of these Credit Ratings (ratings) is stable. All companies are headquartered in Bellevue, WA, unless otherwise specified. ....

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