Standard and Poor’s Ratings Services has raised its outlook on TARP recipients The Hartford (Conn.) Financial Services Group and Lincoln National Corp.
American International Group Inc. and its former chairman and chief executive, Maurice “Hank” Greenberg, have a court date today related to a fight over a block of AIG shares that was sold for $4.3 billion.
Sun Life Financial Inc. today said that it will buy Lincoln National Corp.’s business in the United Kingdom for about $318.6 million.
A sprawling case of alleged securities fraud involving an independent broker-dealer and two brokers may wind up costing an insurance company $10.3 million.
As new annuity rules continue to develop, chief compliance officers at broker-dealers say that they still face some challenges in implementing compliance procedures with their financial advisers.
As Congress takes up health care reform, too little attention is being paid to long term care.
The Financial Industry Regulatory Authority Inc.'s proposal to widen its purview to include non-securities products has left some in the fixed-annuities industry gnashing their teeth.
The Principal Financial Group has declined to participate in the U.S. Treasury’s Capital Purchase Program.
The insurer yesterday received preliminary clearance to accept approximately $3.4 billion in federal aid.
Retirees would be able to take a portion of their retirement savings in the form of an annuity if a bill introduced today by Rep. Earl Pomeroy, D-N.D., were passed into law.
Making a case for long term care insurance can be a challenge under any circumstances.
Mindful of past disasters with long term care insurers, financial advisers have found ways to balance financial viability with quality benefits.
Advisers are struggling to get clients — especially baby boomers — to think about funding long term care in the face of depleted investment portfolios.
A New York Congressman has introduced a bill that will try to preserve state authority over indexed annuities, pushing back against a recent rule from the Securities and Exchange Commission.
Bermuda-based reinsurer RenaissanceRe Holdings Inc. said today that it will buy Spectrum Partners Ltd. to help it operate better in London and meet increased demand.
Sen. Herb Kohl, D-Wis., chairman of the Senate Special Committee on Aging, questioned regulators and representatives of the long term care insurance industry at a committee hearing yesterday and focused on the financial viability of LTC insurers.
Ramani Ayer, chairman and chief executive of the Hartford (Conn.) Financial Services Group Inc., said today that he will step down by the end of the year.
As some insurers recently made stock and debt offerings in lieu of participating in the government’s Troubled Asset Relief Program, Moody’s Investors Service said that it will review the way these recapitalization options affect carriers’ ratings.
John Hancock Financial Services today released a variable annuity called the John Hancock AnnuityNote.
Two bills that would transform the way insurance agents are licensed and regulated are likely to face a difficult time in the Senate, according to insurance industry officials.
