Lincoln National Corporation

Lincoln Financial Group Enters Agreement to Sell Wealth Management Business to Osaic, Inc.

Retrieved on: 
Thursday, December 14, 2023
Finance, Banking, Professional Services, Insurance, Human Resources, Sale, Wells Fargo, LNC, NYSE, Cetera Financial Group, Lincoln National Corporation, Culture, LFS, LFD, Lead, Partnership, Lincoln, LFA, Financial services, Management

Lincoln Financial Group (NYSE: LNC) today announced that it has signed a stock purchase agreement with Osaic, Inc. (Osaic), one of the nation’s largest providers of wealth management solutions, which will acquire Lincoln’s wealth management business, including all ownership interests in the Lincoln subsidiary entities comprising that business.

Key Points: 
  • Lincoln Financial Group (NYSE: LNC) today announced that it has signed a stock purchase agreement with Osaic, Inc. (Osaic), one of the nation’s largest providers of wealth management solutions, which will acquire Lincoln’s wealth management business, including all ownership interests in the Lincoln subsidiary entities comprising that business.
  • The transaction will include the sale to Osaic of Lincoln Financial Advisors Corporation (LFA) and Lincoln Financial Securities Corporation (LFS) – the company’s two independent broker-dealer and registered investment advisory firms.
  • Additionally, Lincoln’s home-office employees who support the wealth management business will transition to Osaic to continue to lead and support the business.
  • This transaction was driven by the strong partnership between Osaic and Lincoln Financial Group which will continue into the future,” said Jamie Price, CEO of Osaic.

AM Best Affirms Credit Ratings of Lincoln National Corporation and Its Subsidiaries

Retrieved on: 
Friday, December 8, 2023
Professional Services, Data Analytics, Other Professional Services, Insurance, Finance, Consulting, First, LNC, ERM, Counties of South Sudan, Credit, Long-Term Capital Management, Lincoln National Corporation, LIBOR, AM Best, GAAP, Good, News, FSR, ALL, RBC, FPP, Security (finance), Risk management, Fused quartz, Self storage, Lincoln, Syracuse

These companies are the key life and annuity insurance subsidiaries of Lincoln National Corporation (LNC) (headquartered in Radnor, PA) and are referred to collectively as Lincoln Financial Insurance Group (Lincoln).

Key Points: 
  • These companies are the key life and annuity insurance subsidiaries of Lincoln National Corporation (LNC) (headquartered in Radnor, PA) and are referred to collectively as Lincoln Financial Insurance Group (Lincoln).
  • In addition, AM Best has affirmed the Long-Term ICR of “bbb+” (Good) and the Long- and Short-Term Issue Credit Ratings (Long-Term IR; Short-Term IR) of LNC, the ultimate holding company.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Fortitude Re Announces Closing of $28 Billion Reinsurance Agreement with Lincoln Financial

Retrieved on: 
Tuesday, November 21, 2023
Professional Services, Insurance, Finance, Lincoln, Lincoln National Corporation, LNC, NYSE, Martha Plimpton

Fortitude Reinsurance Company Ltd., (“Fortitude Re”) today announced the closing of its $28 billion reinsurance agreement with The Lincoln National Life Insurance Company, a subsidiary of Lincoln National Corporation (NYSE:LNC) and its affiliates (“Lincoln”).

Key Points: 
  • Fortitude Reinsurance Company Ltd., (“Fortitude Re”) today announced the closing of its $28 billion reinsurance agreement with The Lincoln National Life Insurance Company, a subsidiary of Lincoln National Corporation (NYSE:LNC) and its affiliates (“Lincoln”).
  • Consistent with the agreement announced May 2, 2023 , Lincoln will reinsure a significant portion of its universal life insurance and fixed annuity business to Fortitude Re.
  • To ensure a consistent experience for customers, Lincoln will continue to service and administer the reinsured policies.
  • Debevoise & Plimpton LLP served as legal counsel to Fortitude Re.

Lincoln National Corporation's Board of Directors Declares Quarterly Cash Dividend

Retrieved on: 
Thursday, November 9, 2023
Banking, Professional Services, Finance, CNO Financial Group, Lincoln National Corporation, LNC, NYSE, Holding company

Lincoln Financial Group (NYSE:LNC) announced today that the board of directors of Lincoln National Corporation declared a quarterly cash dividend of $0.45 per share on the corporation’s common stock.

Key Points: 
  • Lincoln Financial Group (NYSE:LNC) announced today that the board of directors of Lincoln National Corporation declared a quarterly cash dividend of $0.45 per share on the corporation’s common stock.
  • The dividend on the common stock will be payable February 1, 2024 to shareholders of record at the close of business on January 10, 2024.

Campbell Appoints Charles A. Brawley, III Executive Vice President, General Counsel, and Corporate Secretary

Retrieved on: 
Wednesday, November 8, 2023
Food, Beverage, Home Goods, Retail, Supermarket, Convenience Store, Schnader Harrison Segal & Lewis, CPB, State Government Affairs Council, Sustainability, NYSE, Brawley, III, Corporate responsibility, Economics, Policy, National Operating Committee on Standards for Athletic Equipment, Fox Corporation, Corporation, Chief sustainability officer, University, Multimedia, Senior, Cigna, Campbell Soup Company, Law, Lincoln National Corporation, General counsel, Associate, Management

Campbell Soup Company (NYSE:CPB) today announced the appointment of Charles A. Brawley, III as Executive Vice President, General Counsel and Corporate Secretary, effective Nov. 30, 2023.

Key Points: 
  • Campbell Soup Company (NYSE:CPB) today announced the appointment of Charles A. Brawley, III as Executive Vice President, General Counsel and Corporate Secretary, effective Nov. 30, 2023.
  • View the full release here: https://www.businesswire.com/news/home/20231108849445/en/
    Brawley joined the company in 2016 and most recently served as Senior Vice President, Corporate Secretary and Deputy General Counsel, overseeing Campbell’s legal functions of corporate governance, securities law, and commercial contracts.
  • In his expanded role, he will oversee the company’s Legal department, including Government Affairs, Global Security and Corporate Responsibility and Sustainability.
  • Prior to Campbell, Brawley was Senior Vice President, Secretary and Associate General Counsel of Lincoln Financial Group.

FOX CORPORATION NAMES ADAM CIONGOLI CHIEF LEGAL AND POLICY OFFICER

Retrieved on: 
Wednesday, November 8, 2023
United States Senate Subcommittee on Internal Security, Supreme court, FOX, Sustainability, Murdoch, Corporate responsibility, Georgetown University Law Center, Government, History, Policy, National Operating Committee on Standards for Athletic Equipment, Fox Corporation, Corporation, Chief sustainability officer, University, Supreme Court of the United States, WarnerMedia, Senior, Right to property, Bachelor of Arts, PLC, Government Legal Department, Private sector, Lobbying, LOS, Law, Lincoln National Corporation, Campbell, General counsel, Campbell Soup Company, Willis Group, Management

NEW YORK and LOS ANGELES, Nov. 8, 2023 /PRNewswire/ -- Lachlan Murdoch, Executive Chair and Chief Executive Officer of Fox Corporation (Nasdaq: FOXA, FOX), today announced that Adam Ciongoli has been appointed Chief Legal and Policy Officer for Fox Corporation beginning December 1.

Key Points: 
  • NEW YORK and LOS ANGELES, Nov. 8, 2023 /PRNewswire/ -- Lachlan Murdoch, Executive Chair and Chief Executive Officer of Fox Corporation (Nasdaq: FOXA, FOX), today announced that Adam Ciongoli has been appointed Chief Legal and Policy Officer for Fox Corporation beginning December 1.
  • Ciongoli, who currently serves as Executive Vice President, General Counsel and Chief Sustainability, Corporate Responsibility and Governance Officer for Campbell Soup Company, will report to Murdoch.
  • "I am pleased to welcome Adam to the FOX executive leadership team," said Murdoch.
  • Ciongoli brings nearly 30 years of legal experience in both the public and private sectors to his new role at FOX.

MissionSquare Retirement Names Andrew Whiting as Senior Vice President and Chief Sales Officer

Retrieved on: 
Tuesday, November 7, 2023
Dade County, National Association, Education, Region, Equitable Holdings, Lincoln, Department of Public Works and Highways, Government, Worker standards board, Registered representative (securities), Family, Lincoln National Corporation, JPMorgan Chase, Generally Accepted Recordkeeping Principles, Public works, The Hartford, Senior, Growth, Public sector, Fairfield University, Retirement, Consultant, Health, Public, Marketing, Financial adviser, Management, Whiting

Washington D.C., Nov. 07, 2023 (GLOBE NEWSWIRE) -- MissionSquare Retirement , a leading champion of retirement security and financial well-being, has appointed Andrew Whiting as Senior Vice President and Chief Sales Officer.

Key Points: 
  • Washington D.C., Nov. 07, 2023 (GLOBE NEWSWIRE) -- MissionSquare Retirement , a leading champion of retirement security and financial well-being, has appointed Andrew Whiting as Senior Vice President and Chief Sales Officer.
  • Whiting, who has served in an acting capacity since April 2023, joined MissionSquare Retirement in 2020 as the head of institutional sales.
  • Deanna J. Santana , the Acting Chief Executive Officer and President of MissionSquare Retirement , expressed unwavering confidence in Whiting's capabilities.
  • "Andrew brings an exceptional combination of experience, determination, and integrity to lead MissionSquare Retirement's sales and business development program,” Santana said.

MissionSquare Retirement Names Andrew Whiting as Senior Vice President and Chief Sales Officer

Retrieved on: 
Tuesday, November 7, 2023
Dade County, National Association, Education, Region, Equitable Holdings, Lincoln, Department of Public Works and Highways, Government, Worker standards board, Registered representative (securities), Family, Lincoln National Corporation, JPMorgan Chase, Generally Accepted Recordkeeping Principles, Public works, The Hartford, Senior, Growth, Public sector, Fairfield University, Retirement, Consultant, Health, Public, Marketing, Financial adviser, Management, Whiting

Washington D.C., Nov. 07, 2023 (GLOBE NEWSWIRE) -- MissionSquare Retirement , a leading champion of retirement security and financial well-being, has appointed Andrew Whiting as Senior Vice President and Chief Sales Officer.

Key Points: 
  • Washington D.C., Nov. 07, 2023 (GLOBE NEWSWIRE) -- MissionSquare Retirement , a leading champion of retirement security and financial well-being, has appointed Andrew Whiting as Senior Vice President and Chief Sales Officer.
  • Whiting, who has served in an acting capacity since April 2023, joined MissionSquare Retirement in 2020 as the head of institutional sales.
  • Deanna J. Santana , the Acting Chief Executive Officer and President of MissionSquare Retirement , expressed unwavering confidence in Whiting's capabilities.
  • "Andrew brings an exceptional combination of experience, determination, and integrity to lead MissionSquare Retirement's sales and business development program,” Santana said.

Americans underestimate the risk of long-term care expenses to their retirement savings, according to Lincoln Financial Group research

Retrieved on: 
Tuesday, November 7, 2023
Insurance, Finance, Seniors, Consulting, Banking, Professional Services, Health, Consumer, General Health, Long-term care, Adviser, Lincoln, ADL, Research, Nursing, Live, Eating, Risk, Retirement, Lincoln National Corporation, Marketing, Residential care, Financial adviser, Life

Meanwhile, half of financial advisors (50%) say consumers should be more focused on how the need for long-term care could impact retirement savings.

Key Points: 
  • Meanwhile, half of financial advisors (50%) say consumers should be more focused on how the need for long-term care could impact retirement savings.
  • This disconnect is one of many topics worth discussing as the insurance industry recognizes Long-Term Care Awareness Month in November.
  • According to Lincoln’s research, Americans overwhelmingly agree (96%) that it is important to plan for long-term care; however, only 19% have actually started planning for it.
  • And for a deeper look at consumer and advisor sentiments relating to long-term care, view the Lincoln Financial Group 2023 LTC Marketing and Thought Leadership Research, Finding’s from Survey of Advisors and Consumers, here .

Three Simplicity Group Partners Honored with ID Twenty Awards at The Douglas Mooers Award for Excellence Dinner at NAILBA 42

Retrieved on: 
Tuesday, November 7, 2023
Partner, Insurance, Global Leaders Group on Antimicrobial Resistance, Allianz Life, Publication, Lincoln National Corporation, Conference, TLG, ID, National Society, Simplicity, Nationwide

SUMMIT, N.J., Nov. 7, 2023 /PRNewswire/ -- Three Simplicity Partners were honored with the prestigious ID Twenty Award at the Douglas Mooers Award for Excellence Dinner at NAILBA 42: Diana Greenberg, Jane Riley, and Nathan Jacobson.

Key Points: 
  • SUMMIT, N.J., Nov. 7, 2023 /PRNewswire/ -- Three Simplicity Partners were honored with the prestigious ID Twenty Award at the Douglas Mooers Award for Excellence Dinner at NAILBA 42: Diana Greenberg, Jane Riley, and Nathan Jacobson.
  • The ID Twenty Awards honor independent distribution's most courageous innovators and visionaries, who have made important contributions to the insurance profession.
  • "Congratulations to the Class of 2023 ID Twenty award recipients, and especially to the three individuals we are fortunate to call Partners at Simplicity," said Bruce Donaldson, Partner, President and CEO of Simplicity.
  • "Anyone who knows and works with Diana, Jane, or Nathan would agree that they are extremely deserving of this recognition.