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Gender is big factor in pension gap
Gender is a strong factor in determining the likelihood of whether a worker 50 or older receives an annuity or a company-sponsored pension payment, according to a recently released study.
Assurant CEO returns to duty
Robert B. Pollock's return follows a six-month hiatus when Mr. Pollock went on administrative leave by order of the board of directors.
Annuity sales can destroy estate planning strategies
Insurance agents and advisers are hawking annuities without grasping the adverse impact on clients' estate plans, industry observers said.
UBS and Genworth team up on life option
The new benefit will go with UBS’s target retirement funds and other investment options.
Jackson retirement and wealth exec named
John Koehler will lead a group of nine specialists, each one focusing on advanced planning techniques.
London insurer eyes Marsh & McLennan
Willis Group Holdings, the London-based insurance broker, is talking takeover with Marsh & McLennan, CNBC reported.
New York Life joins forces with China insurer
Haier New York Life, a joint venture between the New York-based insurer and China’s Haier Group, today opened a branch in Wuhan.
Greenberg checks up on AIG’s fiscal health
Ex-AIG chief Maurice R. Greenberg and his investment firm have retained an adviser to review their stake in the insurer.
Hartford executive steps down
David M. Johnson, executive vice president and finance chief of The Hartford, will resign in mid-2008.
NAIC report slammed by insurance group
“The NAIC investigated itself with an attorney who used to work for the insurers,” said the Life Insurance Settlement Assoc. chief.
Jackson National and Curian name CFO
Doug Townsend has been the vice president and controller of both entities since January 2004.
Interstate insurance group names regulators
The Interstate Insurance Product Regulation Commission today added two new regulators.
Hartford chooses fixed-income leader
As managing director and head of fixed income trading, Bill Parry will oversee all fixed income traders.
NAIC found ‘unbiased’ on viatical model
The model act covers the secondary market for life insurance, including disclosures for viatical settlements brokers.
Regulators eyeing MBIA
MBIA Inc. said that the SEC and the New York Insurance Department have started informal inquiries into a deal that the company made with private-equity firm Warburg Pincus LLC.
MassMutual CEO to helm retirement
She will replace Fred Castellani, who will retire at the end of February, ending a 12-year career with the firm.
Fixed-income issuance to fall to $3.4 trillion
That’s a 15% decrease from the estimated $4.0 trillion issued last year, according to a SIFMA forecast.
Advisers ponder whether to sell annuities
Now that annuities are becoming accepted as part of an overall retirement income program, fee-only planners are wondering whether they should sell the products themselves or refer sales to outside agents.
Great American charged by Mass. AG
Great American Insurance is accused of submitting a false insurance premium quote.
Bank sales of annuities up in October
Fixed and variable annuity sales at banks rose to $4.2 billion in October, a 14% gain.
