The following is the text of an email that Bruce Bond, chairman and CEO of Invesco Powershares, sent earlier this week describing his new role:
Milliman Inc. is in discussions with a number of mutual fund companies, insurers and 401(k) plan sponsors to launch a guaranteed-income product that would be backed by a pool of insurers.
Conseco Inc. said it plans to combine two insurance subsidiaries into a new entity in an attempt to save money and boost its statutory capital levels, according to a filing with the Securities and Exchange Commission.
California Insurance Commissioner Steve Poizner has reached a $500,000 settlement agreement with former Conseco Inc. unit Senior Health Insurance Company of Pennsylvania, following complaints of improper handling of claims.
New York Life Insurance Co. is looking to acquire one or more fund companies, according to one of the company's top executives.
Assets in the exchange-traded fund industry totaled about $689 billion as of Oct. 30, down 0.8%, or $5.3 billion, from a month earlier, according to a report last week from State Street Global Advisors.
The Phoenix Cos. Inc. last week drafted a reinsurance agreement with a subsidiary of Swiss Re, improving the carrier's risk-based capital ratio.
Van Eck Global today launched its second gold exchange-traded fund, <a href=http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20091111/FREE/911119983>just as the price of gold was surging to a new all-time high.</a>
Exchange-traded-fund providers in the coming year will have to focus on making sure financial advisers understand their products — and how to use them in client portfolios — as they anticipate increased scrutiny from regulators and the media, according to participants at an ETF round table last week at <i>InvestmentNews'</i> New York offices.
U.S. insurers may improve their financial flexibility as state insurance regulators change the way they evaluate capital requirements for residential-mortgage-backed securities, according to a report from Moody's Investors Service.
Sex, violence and stranger-originated life insurance are at the center of a new novel, “The Death Bond Conspiracy,” written by an unusual author — an insurance agent.
A key state insurance official has called upon the life settlements industry to keep Main Street policyholders in mind — or else.
Although Aviva USA Corp. already has an established strength in its lineup of indexed products, the insurer has its eye on the next innovation: a guarantee wrapper with a managed account or 401(k), according to chief executive Christopher J. Littlefield.
California Gov. Arnold Schwarzenegger yesterday signed into law a bill that discourages stranger-originated life insurance transactions.
The life settlements industry felt some of the ill effects of the economic crisis last year, as purchasers of settlements ran into difficulties financing new premiums and policyholders showed more interest in selling their coverage, according to a report from Conning Research.
