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Conseco raising capital; Paulson & Co. takes stake in insurer
Insurance provider Conseco Inc. said Wednesday it has set a price on its private offering of $293 million…
Conseco plans to combine Conseco Health Insurance, Conseco Insurance units
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 reaches settlement with former Conseco unit on handling of LTC claims
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 on the prowl to buy mutual fund companies
New York Life Insurance Co. is looking to acquire one or more fund companies, according to one of the company's top executives.
Phoenix moves to shore up risk-based capital ratio
The Phoenix Cos. Inc. last week drafted a reinsurance agreement with a subsidiary of Swiss Re, improving the carrier's risk-based capital ratio.
Lower capital requirements for RMBS would mean more flexibility for insurers, Moody’s says
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.
STOLI by the book
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.
Regulator: Life settlements industry must safeguard seniors
A key state insurance official has called upon the life settlements industry to keep Main Street policyholders in mind — or else.
Aviva USA has eye on guarantee wrapper with a managed account or 401(k), new CEO states
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.
New Calif. law discourages stranger-originated life insurance transactions
California Gov. Arnold Schwarzenegger yesterday signed into law a bill that discourages stranger-originated life insurance transactions.
Still suffering from downturn, life settlements activity stagnant
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.
Court overturns rule to treat equity index annuities as securities
The Court of Appeals for the District of Columbia Circuit today ordered the Securities and Exchange Commission to reconsider a rule that treats most equity index annuities as securities.
New York Life revamps sales team
New York Life Insurance Co. has revamped its sales team to make it easier for its wholesalers to sell an array of products to financial advisers — including annuities, mutual funds and guaranteed-income products.
Sales of NY Life policies grow at record pace
New York Life Insurance Co.'s life insurance sales broke records over the first nine months of 2009, the insurer reported today.
John Hancock arms reps with succession planning tool
The John Hancock Financial Network has released a succession-planning platform for its financial representatives.
Investment oversight has kept insurers strong, regulator says
Life insurers are still strong in the wake of the financial crisis, insurance experts said yesterday at a life settlement industry conference.
With an eye on advisers, NY Life overhauls sales strategy
New York Life Insurance Co. has revamped its sales team to make it easier for its wholesalers to sell an array of products to advisers — including annuities, mutual funds and guaranteed income products.
Insurance regulator: Life settlements industry must protect seniors
A key state insurance figure has called upon the life settlements industry to keep Main Street policyholders in mind — or else.
SEC funding shift in Senate’s draft financial fix
Measures that would significantly boost funding for the Securities and Exchange Commission as well as give shareholders a say on executive pay are included in draft financial overhaul legislation in the Senate, a person familiar with the matter said Monday.
