article thumbnail

Why entrepreneurs claim there’s no better place to do business than Puerto Rico

CIO

A college internship in Puerto Rico with Microsoft gave him the spark of an idea, and after working for six months in IT for a bank, also located on the island, he saw his opportunity. There’s Act 60, which provides investors with a 100% tax exemption from Puerto Rico income taxes on dividends, capital gains, and interest.

article thumbnail

S&C Advises American Equity Investment Life on $4.3 Billion Acquisition by Brookfield Reinsurance

Wink Intel

American Equity Investment Life (AEL), a leading issuer of fixed index annuities through independent agents, banks and broker-dealers, announced that it would be acquired by Brookfield Reinsurance, in a transaction that values AEL at approximately $4.3 Cathy Clarkin and John Savva are advising on capital markets matters.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Annexus CEO Ron Shurts & Zebra Capital’s Roger Ibbotson Ring the NYSE Closing Bell in Celebration of the 6-Year Anniversary of the NYSE Zebra Edge Index

Wink Intel

Annexus, a leading independent developer of financial and insurance products, and Zebra Capital Management, an esteemed investment management firm, brought the NYSE ® Zebra Edge ® Index to the fixed indexed annuity market in 2016. Zebra Capital’s investment strategies are implemented via a systematic and disciplined process.

article thumbnail

F&G Annuities & Life Launches Its First Registered Index-Linked Annuity, F&G Confidence Builder

Wink Intel

About Bank of America Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.

article thumbnail

Principal Financial Group® Closes Reinsurance Transaction

Wink Intel

Principal continues to expect deployable proceeds of approximately $800 million in 2022 from the closed transaction in combination with additional transactions designed to improve the capital efficiency of its in-force individual life insurance business. The proceeds are included in the company’s planned $2.0 billion-$2.3

article thumbnail

Principal Financial Group® Announces Full Year and Fourth Quarter 2023 Results as well as 2024 Outlook

Wink Intel

billion to shareholders in 2023, delivering on our commitment to return excess capital while continuing to invest for growth. Capital returned to shareholders: Full year 2023: $1.3 Capital returned to shareholders: Full year 2023: $1.3 We returned more than $1.3 billion, including: $0.7 billion to repurchase 9.1 30% $1,051.4

Loss 40
article thumbnail

American Equity Rolls out Accumulation Product Enhancements

Wink Intel

BofA Destinations Index (Ticker: BOFADST5): Developed in collaboration with Bank of America and exclusive to American Equity, the volatility-controlled index tracks domestic equities, treasuries and a gold index. ABOUT BANK OF AMERICA. Credit Suisse Tech Edge Index (Ticker: CSEATEDG): The excess return index combines four U.S