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Prudential may pursue deal for ING’s U.S. retirement biz, a Wells analyst predicts
A Wells Fargo Securities analyst has speculated that Prudential Financial Inc. may target ING's U.S. retirement business as an acquisition.
Northwestern Mutual mulls selling Russell Investments, sources say
Sources claim Northwestern Mutual -- 'the quiet company' -- is quietly discussing selling the asset manager. The insurer, however, says Russell is not for sale.
Banks’ income from insurance brokerage fees topped $3B in 3Q
Insurance brokerage fee income at banks hit $3.05 billion for the third quarter of 2009, up 11.7% from the year-ago period, according to the Michael White-Prudential Bank Insurance Fee Income Report.
Insurers push pols to study broker regulation
With the Senate set to reconvene this week, the insurance industry is stepping up its efforts to encourage members of the Banking Committee to support a comprehensive study into whether brokers should be forced to adhere to a fiduciary standard.
California couple sues VALIC over its annuity sales practices
A California couple has filed suit against The Variable Annuity Life Insurance Co., an American International Group Inc. subsidiary, claiming that the company's sales agents misled investors about the tax advantages of using variable annuities in qualified retirement plans.
AIG trying to distance itself from its past
Hoping to overcome distributors’ suspicions and gain traction in the variable-annuity market, embattled insurance carrier AIG next month…
AIG slashes debt to Uncle Sam by $25B
American International Group says it has slashed the amount of money it owes the government by $25 billion after moving two subsidiaries into special holding units ahead of their planned spinoffs or sale.
SunAmerica Retirement Markets looks to pump up interest in VAs
SunAmerica Retirement Markets Inc., the AIG subsidiary, has released two new variable annuity riders — and the company vows to compete with rival carriers to grab advisers' attention.
Life insurers join effort to help Haiti
Two major life insurers are providing disaster relief to Haiti by making donations to the earthquake-ravaged republic.
Insurers poised for better 2010
Major insurance companies, some of which were all but left for dead at this time last year, have staged a dramatic rebound, shoring up capital and increasing profits as they look forward to 2010.
What to expect from revived life insurers: UBS analyst
Life carriers' outlook appears to be taking a turn for the better, according to a prominent equities analyst.
Sun Life LTC hybrid pits insurer against Lincoln National
Former Lincoln National execs launch Sun Life combo product that will go up against MoneyGuard; 'we know the formula'
U.S. life insurers have plenty of liquidity
But new study by Moody's finds that the financial stability of U.S. carriers trails that of rivals in Asia
Greenberg to sell AIG stock for at least $278M
In an SEC filing, Mr. Greenberg's investment vehicle, Zug, Switzerland-based Starr International Co. Inc., said it would sell the shares to UBS Securities LLC during the next three years.
Nearly one out of five insurance producers headed for the exit: Survey
Strong support systems — along with a mentoring culture and time management training — are just a couple of the factors that keep life insurance producers' feet planted at one company, according to a report from LIMRA International Inc.
Life insurance premium levels at banks show 3Q spike
New life insurance premium levels at banks leapt nearly 60% during the third quarter, beating the overall industry's growth for the second consecutive quarter, according to data from Kehrer-LIMRA, a subsidiary of LIMRA International Inc.
ING to sell stripped-down VA with stripped-down commission
ING plans to replace its traditional variable-annuity offering with a simplified product that comes with a scaled-back commission.
Life insurers join Haiti aid effort
Two major life insurers are providing disaster relief to Haiti by making donations to the earthquake-ravaged republic.
Swiss Re bond lets investors bet on pandemics
Swiss Reinsurance Co. Ltd. last week introduced a $75 million catastrophe bond that covers extreme mortality risks.
Immediate annuities, whole life are likely to gain favor
Sales of immediate annuities and whole-life insurance policies will increase this year as boomers nearing retirement seek reliable…
