Jackson National Life reported today a 14% earnings increase and $4.1 billion in revenue for 2007.
Estimated sales of book value annuities totaled $6.9 billion, while sales of indexed annuities totaled $6.3 billion.
The move is intended to simplify the mutual company's ownership structure, according to the firm.
The New York attorney general Andrew Cuomo is broadening his investigation into health insurers’ practices related to payments for out-of-network services.
Ambac will seek to raise capital through a $1 billion common stock offering, plus a $500 million public offering of equity units.
The American Bankers Insurance Association has elected three financial services industry leaders to serve as new board of directors.
The bond insurer has decided against splitting into two entities, as it prepares to receive up to $3 billion in cash.
The firm's life settlements units have received provider licenses in 22 states and have filed applications with five others.
Registered investment advisers just might be the next big ticket for the insurance industry.
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.
Robert R. Carter is stepping down as president of NFP Insurance Services Inc., according the SEC filings.
The Dow Jones lost more than 300 points after the insurer reported dismal quarterly results.
West Virginia today passed legislation to prevent the settlement of stranger-oriented life insurance policies.
MBIA is bracing for more write-downs and Ambac has been given more time to justify its triple-A rating from Moody’s.
Ted Mathas has been named the firm’s chief executive officer-elect and will succeed Sy Sternberg.
Only 36% of respondents in a survey knew that Medicare eligibility begins at age 65.
They now face up to 230 years each in prison and fines of up to $46 million, according to the Department of Justice.
There is value to annuitization through a single premium immediate annuity, said insurance industry experts.
The process could come to a favorable conclusion for the bond insurer early this week.
