Displaying 3287 results
Allianz finance chief to step down
Allianz SE’s finance chief Helmut Perlet said today that he will retire from the Munich-based insurance giant.
Ex-AIG execs to pay $115 million to settle suit
Former AIG chairman and chief executive Maurice Greenberg and other former executives at the insurer will have to cough up $115 million as part of a settlement in a derivatives lawsuit with the Teachers’ Retirement System of Louisiana.
Controversy swirls over index annuity rule
The Financial Planning Association and the National Association for Fixed Annuities have leapt into the fray, submitting comments on the SEC’s proposed index annuity rule.
Securian Financial Group buys H. Beck
Another independent-contractor broker-dealer is being sold — and this time an insurance company is pulling the trigger on the deal.
Manulife names successor to retiring CEO
Manulife Financial Corp. of Toronto has named Donald A. Guloien to succeed Dominic D’Alessandro as president and chief executive officer.
Phoenix unveils living-benefit riders
The Phoenix Cos. Inc. of Hartford, Conn., today launched its suite of living-benefit riders, with two new additions.
Insurers target wealthy investors with VA enhancements
Declining variable annuity sales will likely lead to enhancements to and new uses for VAs as carriers look for additional ways to appeal to high-net-worth investors.
More advisers selling insurance products
Advisers are selling more insurance, particularly long term care insurance, according to the InvestmentNews 2008 Insurance Product Survey, which polled 445 financial advisers.
Insurance distributors are resigned to approval of SEC’s proposed rule
As the comment period ends this Wednesday on an SEC proposed rule that would regulate certain index annuities as securities, independent distributors are gearing up in anticipation of the rule's enactment.
Sun Life launches charitable estate planning
Sun Life Financial Inc.’s U.S. division has launched its charitable estate planning campaign to teach advisers and clients about using life insurance for charitable purposes.
Report: AIG in talks to dump toxic assets
American International Group Inc. is reportedly in talks with JPMorgan Chase & Co. to spin off some its subprime assets into a new company, according to The New York Post.
Fixed-annuity sales fuel overall growth
Overall individual-annuity sales grew 4% during the second quarter, buoyed by a spike in fixed-annuity sales, according to Limra International Inc.
Insurance industry weathers Gustav
Insured losses from Hurricane Gustav were not large enough to affect the creditworthiness of the insurance and reinsurance industries, S&P said.
NY state orders FGIC to stop paying claims
The office of New York insurance superintendent James Wrynn has ordered embattled bond insurer Financial Guaranty Insurance Co. to halt claims payments.
NAILBA: Fixed indexed annuities not securities
The National Association of Independent Life Brokerage Agencies has announced its opposition to the SEC's regulation of fixed indexed annuities as securities.
Court throws out award in Executive Life case
A $241 million award given to the state regarding its takeover of the now-defunct Executive Life Insurance has been overturned.
Fixed-annuity sales zoom in second quarter
Sales hit an estimated $24.6 billion during the second quarter, up 54.1% from the second quarter of 2007.
NAIFA knocks SEC annuities proposal
The group will oppose the SEC's proposal to regulate certain indexed annuities as securities.
Sun Life ups bonus credit for VAs
Sun Life Financial has introduced a 6% bonus credit for customers of its Masters Extra variable annuity.
NAVA names president and CEO
Catherine J. Weatherford replaces Mark Mackey, who in January announced that he would step down from the post.
