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NAIC elects 2008 officer slate
Sandy Praeger was voted in as the Kansas City, Mo.-based association's new president.
Marsh & McLennan names brokerage CEO
Daniel Glaser, currently managing director of AIG’s European arm, will start Dec. 10, filling the position vacated in August by Brain Storms.
Lockwood plans a UMA with an income guarantee
An insurance policy that provides an income guarantee to holders of a unified managed account at Lockwood is in registration at the Securities and Exchange Commission.
Mark Blumenthal named AON’s CFO
Dennis Slusarski, Mr. Blumenthal’s predecessor, will assist through the leadership transition.
Fixed-income annuities gain clout among advisers
More advisers are turning toward fixed-income annuities as a new asset when they create retirement plans for their baby boomer clients.
Raymond James researches VA riders
Raymond James Financial Inc. of St. Petersburg, Fla., last month rolled out a series of research reports on variable annuity riders designed to help its reps sort through the confusing array of products.
Prudential taps Strangfeld as CEO
Mr. Strangfeld, currently vice chairman of Prudential, now runs all of the company’s U.S. businesses.
Is disinterest in retirement products problematic?
Financial advisers lack interest in new retirement income products, with many reporting that the products are too complicated and costly, according to observers.
Mutual fund/insurance hybrid on the horizon
As early as next year, retirees may see a new hybrid investment product that blends mutual funds with insurance guarantees, possibly signifying an alliance between the two industries.
Kennedy named NCOIL president
The National Conference of Insurance Legislators has announced a new slate of officers.
Jackson Life selects senior VP
Kevin Grant has been chosen as senior vice president of business planning services for Jackson National Life Distributors.
Woods to retire from LIFE Foundation
Mr. Wood's retirement ends a 13-year career at the Life and Health Insurance Foundation for Education.
Gary Wendlandt named NYLI vice chairman
He joins chief executive Sy Sternberg and Ted Mathas, chief operating officer on the board.
Birthday gift annuities relieve worries
Children don't always grow up to be the responsible types we hope for. My client Anne is divorced, with a traditional individual retirement account valued at $1 million.
Swiss Re takes $878M subprime hit
The October loss stems from a pair of credit default swaps written by the firm’s Credit Solutions unit.
NAILBA announces board picks
Doug Mishkin, president and chief executive officer of Algren Associates, will head up the executive board as chairman.
Labor Life Insurance fined $20 million
Union Labor Life Insurance Co. today settled with the Department of Labor, paying $20 million over alleged violations of federal employee benefits law.
National Financial grows annuity platform
National Financial Services has added seven insurance carriers to the company’s annuity program for B-Ds
The Hartford names group reinsurance VP
Mr. DiDonna will lead about 150 people specializing in reinsurance, product development, actuarial services and underwriting.
Barbari named NYLI senior vice president
New York Life Insurance elected Patricia L. Barbari has to senior vice president in the Individual Policy Services department.
