Massachusetts Mutual Life Insurance has picked Bradley J. Lucido as its chief compliance officer.
Fitch Ratings Inc. downgraded eight publicly traded homebuilders but affirmed ratings on five others.
Police are investigating the disappearance and possible suicide of Samuel Israel III, CEO of defunct hedge fund Bayou.
Some 25 million U.S. adults with health insurance in 2007 faced financial stress due to insufficient coverage.
A proposed Office of Insurance Information would just be the first step toward creating a federal insurance regulator.
While there has been a lot of talk among lawmakers and regulators about the so-called retailization of hedge funds, the one trend that has appeared to dominate the nearly $2 trillion hedge fund industry over the past decade has been the increased influence of institutional-class investors.
Both brokers and insurers bear responsibility for the suitability of variable annuity sales, but at different points in the sales process, industry officials said at a conference last week.
In a sign that the housing market may be set for a rebound, the pending home sales index increased 6.3% in April.
Three shareholders cited a “staggering breakdown of risk controls” and “an unequivocal loss of investor confidence.”
The mutual fund industry, buffeted by volatile markets, unprecedented scandals and new competition, has had a tough time over the past 10 years.
A combination of regulatory developments and court cases since 1998 has molded annuities and insurance products into what they are today — and that development continues.
An optional federal charter and a tax environment that favors annuities are in the cards through the next 10 years for the life insurance industry.
During the past decade, 401(k) plans have elbowed defined benefit plans to become the primary retirement vehicle for most Americans.
Exchange traded funds were an oddity at the start of the decade.
The insurance broker will acquire all of HRH’s outstanding shares of common stock for $46, 50% cash and 50% stock.
Despite all the noise coming from lawmakers calling for increased regulatory oversight of hedge funds, many involved in the nearly $2 trillion industry don't think that regulators are ready, willing or able to try to get their arms around this increasingly diverse investment category.
In 2018, the mutual fund business will look much like today's, industry experts predict.
The insurer’s valuation of credit default swaps are in question, according to The Wall Street Journal.
The platform will include eight product solutions, four mutual fund portfolios and the FundQuest ActivePassive Portfolio.
Michael Burson has been promoted to senior vice president for recruiting in Asia.
