The Lance Group specializes in school boards and municipalities and handles benefit plan analysis as well as design.
Martin J. Sullivan, CEO of American International Group, has been ousted from the New York-based insurer.
Supporters of simplified disclosures for variable annuities may get a boost from a proposal that state insurance regulators will soon consider.
Net assets in variable annuities have also risen, reaching $1.39 trillion, compared to $1.38 trillion in the first quarter of 2007.
First-quarter earnings hit $1.07 billion, the second highest level ever, a gain of $993.3 million from a year ago.
American International Group could hold an emergency meeting this weekend to discuss the future of chief executive Martin J. Sullivan, CNBC reported Friday.
Massachusetts Mutual Life Insurance has picked Bradley J. Lucido as its chief compliance officer.
A proposed Office of Insurance Information would just be the first step toward creating a federal insurance regulator.
Some 25 million U.S. adults with health insurance in 2007 faced financial stress due to insufficient coverage.
Both brokers and insurers bear responsibility for the suitability of variable annuity sales, but at different points in the sales process, industry officials said at a conference last week.
In a sign that the housing market may be set for a rebound, the pending home sales index increased 6.3% in April.
Three shareholders cited a “staggering breakdown of risk controls” and “an unequivocal loss of investor confidence.”
A combination of regulatory developments and court cases since 1998 has molded annuities and insurance products into what they are today — and that development continues.
An optional federal charter and a tax environment that favors annuities are in the cards through the next 10 years for the life insurance industry.
The insurance broker will acquire all of HRH’s outstanding shares of common stock for $46, 50% cash and 50% stock.
The insurer’s valuation of credit default swaps are in question, according to The Wall Street Journal.
Michael Burson has been promoted to senior vice president for recruiting in Asia.
The bond insurers are also facing downgrades from Moody's Investors Service.
The bond insurers are also facing downgrades from Moody's Investors Service.
The SEC has not decided if synthetic guaranteed minimum withdrawal benefits should be be treated as securities.
