Displaying 3281 results
Ambac to float $1.5 billion in offerings
Ambac will seek to raise capital through a $1 billion common stock offering, plus a $500 million public offering of equity units.
ABIA elects three new board members
The American Bankers Insurance Association has elected three financial services industry leaders to serve as new board of directors.
Ambac to stay whole as it waits for infusion
The bond insurer has decided against splitting into two entities, as it prepares to receive up to $3 billion in cash.
J.G. Wentworth gets life-settlement licenses
The firm's life settlements units have received provider licenses in 22 states and have filed applications with five others.
Insurers are touting no-load, low-cost VAs
Registered investment advisers just might be the next big ticket for the insurance industry.
Insurance industry expects a tax hike but not this year
Although 2008 probably won't be a year for any significant tax changes, the insurance industry is preparing for 2009 and 2010, when tax increases appear likely.
NFP Insurance president steps down
Robert R. Carter is stepping down as president of NFP Insurance Services Inc., according the SEC filings.
Markets plunge as AIG sheds derivatives head
The Dow Jones lost more than 300 points after the insurer reported dismal quarterly results.
W. Virginia bans STOLI plan settlement
West Virginia today passed legislation to prevent the settlement of stranger-oriented life insurance policies.
MBIA, Ambac grapple with subprime fallout
MBIA is bracing for more write-downs and Ambac has been given more time to justify its triple-A rating from Moody’s.
New York Life taps chief executive
Ted Mathas has been named the firm’s chief executive officer-elect and will succeed Sy Sternberg.
Boomers unclear, anxious about Medicare
Only 36% of respondents in a survey knew that Medicare eligibility begins at age 65.
Gen Re, AIG executives convicted of fraud
They now face up to 230 years each in prison and fines of up to $46 million, according to the Department of Justice.
Annuitization can be a boon, say experts
There is value to annuitization through a single premium immediate annuity, said insurance industry experts.
Ambac looks to banks for bail out
The process could come to a favorable conclusion for the bond insurer early this week.
VA firms step up wholesaler training
Insurers are stepping up their wholesaler education efforts to help advisers prepare for tougher suitability rules involving the sale of variable annuities.
Carriers work on simplifying VAs
Aware of the appeal of variable annuity riders, carriers plan to strengthen their offerings while attempting to meet financial advisers' calls for simplicity.
Sean Dilweg
As Wisconsin's insurance commissioner and vice chairman of the Life Insurance and Annuities (A) Committee of the Kansas City, Mo.-based National Association of Insurance Commissioners, Sean Dilweg is focusing on suitability, wholesaler training and curbing VA abuse.
Managing risk in retirement portfolios
Portfolio volatility and the sequence in which returns are realized play a unique role in portfolios subject to regular retirement withdrawals.
Technology solutions taking aim
While industry experts and broker-dealers are working to simplify variable annuity processing and cut down on paperwork electronically, software vendors are trying to help advisers easily compare products to comply with suitability requirements.
