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Business Wire
3 days ago
- Business
- Business Wire
Gen Re Releases 2024 U.S. Group Term Life Market Survey Results
STAMFORD, Conn.--(BUSINESS WIRE)--Gen Re has released results of the 2024 U.S. Group Term Life Market Survey. This annual industry benchmark survey covers Group Term Life and Accidental Death & Dismemberment (AD&D) inforce and new sales results for the U.S. market, representing combined employer-paid and employee-paid business. Gen Re releases 2024 U.S. Group Term Life Market Survey results: Large growth in Group Term Life business. Share Twenty-five companies provided Group Term Life results, while 21 provided AD&D results. Key observations of the survey include: Participants reported $33.2 billion in total Group Term Life inforce premium, a 5% increase compared to 2023 results. Participants reported a 12% increase in new Group Term Life sales premium. New sales premium totaled $3.2 billion in 2024. Average face amount for new sales was $131,355 in 2024, while the inforce average face amount was $104,899. Average premium per case grew 11% for new sales and 4% for inforce business. Compared to 2023, both Group AD&D new sales and inforce premium grew 3%. The Market Survey is an annual benchmark survey produced by Gen Re, with the full results available only to participating companies. A summary report is available online at About Gen Re Gen Re, a Berkshire Hathaway Company, is one of the leading Life/Health and Property/Casualty reinsurers in the world. Our North American Life/Health reinsurance company, General Re Life Corporation, has superior financial strength ratings among Life and Health reinsurers. Gen Re delivers customized reinsurance programs and risk management solutions for the Life, Medicare Supplement, Critical Illness, and Individual Disability Income markets. Through our research, we also offer valuable information and insights.
Yahoo
21-05-2025
- Business
- Yahoo
Fewer reenlistment options for soldiers amid high Army retention
More soldiers chose to stay in the Army than the service expected this fiscal year, so much so that the Army has narrowed options for reenlistment or service extensions. In fiscal year 2025, the Army retained 15,600 soldiers, which is 800 more than its original goal. The 'retention success' is also compounded by the service exceeding 90% of its recruiting goals in May, Lt. Col. Orlandon Howard, an Army spokesperson, said in a statement. In April, the Army announced that the current retention success meant it would limit reenlistment incentives offered to soldiers like picking their station of choice, certain training opportunities and overseas assignments. Now, the service is changing additional retention policies like suspending contract extensions for most soldiers and changing the time window for others who want to reenlist. The policy changes come amid an upswing in the service's retention of current soldiers and its recruitment of new ones — something that Defense Secretary Pete Hegseth has credited to President Donald Trump's Administration, despite the surge beginning nearly a year ago. In October 2023, the Army announced an overhaul of its nearly $2 billion recruiting enterprise. In fiscal year 2024, the Army met its goal of recruiting 55,000 active-duty soldiers after missing targets the previous two years, and in October 2024 the service said it increased its recruiting target by 6,000 new soldiers for this fiscal year, which runs from Oct. 1, 2024, to Sept. 30, 2025. 'With reenlistment and recruiting exceeding expectations, the Army is in a good position to maintain its end strength and force requirements for the foreseeable future,' Master Sgt. Kindra Ford, Senior Army Retention Operations NCO, said in a statement. Starting June 1, soldiers with an Expiration Term of Service, or ETS, date before Oct. 1, 2025, and who are not deployed or about to deploy will have until May 31 to get an extension from their command to continue their service. Soldiers with an ETS date after Oct. 1, can extend their contract under specific conditions outlined in an Army regulation. Some of those conditions include those who qualify without a waiver, are in certain high-priority career fields and staff sergeants on the promotion list. For soldiers looking to reenlist, starting July 1, they will only have 90 days before their ETS date to do so. The window for soldiers to reenlist has changed over the years depending on the geopolitical events at the time, like the COVID-19 pandemic and then the troop surge in Iraq during 2007 and 2008. Before this most recent policy change, soldiers had 12 months to reenlist. Sometimes reenlistments also mean changing jobs, and that can depend on the needs of the Army. In fiscal year 2023, 6% of soldiers who reenlisted reclassified into a new MOS. In fiscal year 2024, that increased to 10%, according to statistics provided by the Army. Currently, the service is prioritizing reenlistment for positions in field artillery, air defense artillery, armor, and cyber and electronic warfare. Earlier this week, the Air Force announced it would end its selective retention bonus program more than four months early because the service ran out of funding for it. The Air Force cited a retention rate of 89.3% since the fiscal year's start in October, which created more demand than the service expected for the money it allocated for those bonuses. Howard said the Army's policy changes 'are not a result of reduced or completed funding' and that it does not impact soldiers who applied for the current Selective Retention Bonus, which is open to soldiers serving in certain military occupational specialties. 'As the Army adapts to evolving needs and conditions, we have to make sure our retention policies keep pace,' Ford said. 'We're working hard to keep career counselors, soldiers, and leaders up to date to help them make informed decisions about their careers.' Army to eliminate 2 Security Force Assistance Brigades, reassign experienced soldiers Why the Army's new XM7 rifle reignited a debate over volume of fire Air Force delay on separation and retirement orders isn't 'stop loss,' defense official says F-35's close call over Yemen raises questions about how it's used An Army unit's 'extreme use of profanity' was so bad, they made a rule about it
Time of India
20-05-2025
- Politics
- Time of India
'Escape from the field': Social media has field day as Pakistan promotes Asim Munir to Field Marshal
04:38 Pakistan Army chief general Asim Munir was on Tuesday promoted to the rank of Field Marshal for 'successfully' leading the armed forces during the recent conflict with India . The move, approved during a cabinet meeting chaired by Prime Minister Shehbaz Sharif , makes Munir only the second officer in Pakistan's history to receive the title—after General Ayub Khan , who was defeated in the 1965 war with India. While the Pakistani government hailed it as a significant honour, many saw it as a dramatic—and ironic—gesture. — DipuSingh241769 (@DipuSingh241769) Social media users were quick to mock the promotion, calling it Pakistan's 'most ambitious promotional stunt' yet. 'He is the second Field Marshal of Pakistan. The first was Md Ayub Khan, who was defeated by India in 1965. History repeats itself,' one user posted on X. Some questioned what the title was awarded for. 'Field Marshal for what exactly?' asked one user, summing up the frustration online. Another joked: "Failed Marshal Asim Munir promotes himself after leading the country to Pakistan's latest military defeat against India." One meme doing the rounds asked: 'Ye wohi Field Marshal hai na jo field se bhag kar bunker me chhup gaya tha?' ( loosely translated as, 'Isn't he the same Field Marshal who ran from the field and hid in a bunker?') "Asim Munir got a well-deserved promotion due to his exemplary participation in an adventure sport common in Pakistani conditions called 'Hide In A Bunker The Longest'," another user remarked. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Complete protection with iPru All-in-one Term Plan ICICI Pru Life Insurance Plan Get Quote Undo The sarcasm didn't stop there. "Only in Pakistan you can get a promotion for your failure,' quipped another user. Some speculated if the title had less to do with military success and more with staying close to power. One viral post read: 'Only in Pakistan you can get a promotion for your failure.' Another took a dig at the title itself: "They must be confused. Must have asked him to look after Agriculture and leave the Armed Forces. For them that must mean Field Marshal." As satire mixed with disbelief, one user summed it up: 'What next? President of Pakistan Field Marshal Asim Munir?!' Referencing Pakistan's military record and recent losses, another viral comment read: 'Pakistan Army logic: Get defeated by India, lose 11 airbases, declare 'victory', and then promote the boss to Field Marshal.' As another user joked, the only thing left now may be an ISPR-produced Netflix comedy: 'Field Marshal – Escape from the Field.'
Yahoo
20-05-2025
- Business
- Yahoo
Caisse Française de Financement Local: EMTN 2025-8 SOCIAL
Paris, 20 May 2025 Capitalised terms used herein shall have the meaning specified for such terms in the Caisse Française de Financement Local base prospectus to the €75,000,000,000 Euro Medium Term Note Programme dated 8 July 2024 (the 'Base Prospectus'). Caisse Française de Financement Local has decided to issue on 22 May 2025 – Euro 500,000,000 Fixed Rate Obligations Foncières due 22 May 2037. The net proceeds of this issue will be used to finance and/or refinance, in whole or in part, the Eligible Social Loans as defined in the Sfil Group Green, Social and Sustainability Bond Framework as published as of the Issue Date which is available on the website of the Issuer. A Stabilisation Manager has been named in the applicable Final Terms. The Base Prospectus dated 8 July 2024 and the supplements to the Base Prospectus dated 13 September 2024, 30 September 2024, 26 December 2024, 27 February 2025 and 2 April 2025 approved by the Autorité des Marchés Financiers are available on the website of the Issuer ( at the registered office of the Issuer: 112-114, avenue Emile Zola, 75015 Paris, France, and at the office of the Paying Agent indicated in the Base Prospectus. The Final Terms relating to the issue will be available on the website of the AMF ( and of the Luxembourg Stock Exchange ( at the office of the Issuer and at the office of the Paying Communiqué ENError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
News18
04-05-2025
- Politics
- News18
Married Pakistani Woman After Getting Nod From CRPF Headquarters: Sacked Jawan
Last Updated: CRPF trooper Munir Ahmed said he solemnized his marriage nearly a month after getting permission from the force's headquarters last year. Hours after being dismissed from service for 'concealing" his marriage with a Pakistani woman, CRPF trooper Munir Ahmed said he solemnized his marriage nearly a month after getting permission from the force's headquarters last year. Ahmed, a resident of Gharota area of Jammu who had joined CRPF in April 2017, said he will challenge his dismissal in the court of law. 'I am sure of getting justice". The Central Reserve Police Force has dismissed Ahmed for 'concealing" his marriage with Pakistani woman Minal Khan and knowingly harbouring her beyond the validity of her visa, saying his actions were detrimental to national security. 'I initially came to know about my dismissal through media reports. I shortly received a letter from the CRPF informing me about the dismissal which came as a shock to me and my family as I have sought and received permission for my marriage to a Pakistani woman from the headquarters," Ahmad on Saturday told PTI over phone from his house. Ahmed's marriage with Khan came to light after India asked Pakistani nationals to leave the country as part of diplomatic measures taken in the wake of the Pahalgam terrorist attack in which 26 people were killed. Khan entered India through the Wagah-Attari border on February 28 and her short-term visa ended on March 22. However, her deportation was stayed by the high court and she is presently staying in Ahmed's Jammu residence. 'I made the first correspondence on December 31, 2022 informing my wish to marry the Pakistani national and I was asked to complete formalities like enclosing copies of passport, marriage card and affidavits. 'I submitted my affidavit and also the affidavits of my parents, sarpanch, and district development council member through proper channels and finally got a go ahead from the headquarters on April 30, 2024," he said. The CRPF trooper said he applied for a No Objection Certificate (NOC) but he was told that such a provision is not available and he has already completed the formalities by informing the government about his marriage to a foreign national in accordance with the rules. 'We got married online on May 24 last year through a video call. Subsequently, I submitted marriage pictures, 'Nikkah' papers and marriage certificate to my 72 Battalion where I was posted. 'When she came for the first time on February 28 on a 15-day visa, we applied for Long Term Visa in March itself and completed the necessary formalities including interview," he said, highlighting that this paved the way for the High Court of J&K and Ladakh to provide relief to them by staying his wife's deportation at the last moment on Wednesday. Ahmed said he returned to his duties at the end of his leave period and was asked to report to the battalion headquarters at Sunderbani on March 25 but on March 27, "I was handed over a transfer order and posted with 41st Battalion at Bhopal (Madhya Pradesh) without providing 15 days mandatory joining period. 'I was given the order copy and relieved immediately, leaving me with no option but to join my duties at Bhopal where I joined on March 29. I faced the interview of the commanding officer and his deputy on reaching there and also completed the documentation process, clearly mentioning my marriage to a Pakistani woman," he said, adding he has even made the entry in his battalion data record book. The CRPF trooper said he will be moving the court in the next few days to challenge his dismissal. 'I am hopeful of getting justice from the court of law," he said. PTI) First Published: May 04, 2025, 08:42 IST
