Insurance

NM Neptune LLC, an indirect wholly owned subsidiary of Milwaukee-based Northwestern Mutual Life Insurance Co. Inc., has acquired Starwood Energy's 25-percent Class C stake in the Neptune Regional Transmission System.

Milwaukee-based fraternal benefits organization Catholic Financial Life has reported record growth in 2013.

John Schlifske, chairman, president and chief executive officer of Northwestern Mutual Life Insurance Co., has been ranked fourth among the 50 Highest Rated CEOs by Glassdoor.

Milwaukee-based Northwestern Mutual announced it will pay a record $5.2 billion dividend to policyowners. Most of that payout will be used to purchase additional coverage.

Milwaukee-based Northwestern Mutual today announced it will pay a record $5.2 billion dividend to policyowners. Most of that payout will be used to purchase additional coverage.

Sheboygan-based Acuity today reported $140 million in written premium revenue in 2013, a record 14.4 percent higher than in 2012. The company has reported and annual increase in net written premium for the past five years.

Northwestern Mutual Life Insurance Co. is lighting up one side of the east office building at its downtown Milwaukee headquarters campus this week with the message: B4N CU17 – text language for “Bye For Now, See You in 2017.”

Northwestern Mutual Life Insurance Co. is not the only insurance company planning a massive corporate headquarters expansion in southeastern Wisconsin.

Reflecting the rebound of the U.S. housing market, Milwaukee-based MGIC Investment Corp. today reported third quarter net income for of $12.1 million, or 4 cents per share, compared with a net loss of $246.9 million, or $1.22 per share, for the same quarter a year ago.

Sarah Schott has been promoted to executive officer, vice president and chief compliance officer at Northwestern Mutual. She will lead the compliance/best practices department.