Washington Mutual board chairman Kerry Killinger and Marsh & McLennan CFO and VP Matthew B. Bartley will leave their jobs.
Plaintiff’s attorneys are going to have a tougher time seeking class action status in alleging the improper sale of an annuity.
The first income guarantee wrap-per around a managed-account portfolio hasn't even been sold yet, but its mere existence has sparked growing interest in retirement income products within the managed-accounts industry.
MassMutual announced that it had completed its purchase of First Mercantile Trust Co. from SunTrust Banks Inc. of Atlanta.
Estimated sales of fixed annuities were $18.1 billion in the first quarter, a 35% increase from the level a year earlier.
Like Goldilocks, financial advisers can't seem to find many new retirement income products that are "just right."
A group of single-premium annuity pension plan brokers who allegedly took kickbacks from insurance carriers is under investigation by the state of Connecticut and may face steep penalties, according to Attorney General Richard Blumenthal.
The Hartford Financial Services has divided its life insurance operations into four market groups.
This deferred payout annuity allows clients to buy a stream of guaranteed income for a minimum of $10,000.
A Florida pension fund yesterday filed suit against AIG and four executives of making misleading statements about the company’s finances.
A Wells notice was sent to Maurice Greenberg, former chief executive of AIG, last Friday, The Wall Street Journal reported.
American International Group Inc.’s will raise $20 billion to guard against further write-downs, according to published reports.
What would be the financial consequence if one of your clients lost his or her physical and/or mental independence?
The insurer settled with the Connecticut Attorney General’s Office following an investigation into its practices.
Chet Culver, Iowa’s governor, has signed a law to discourage stranger-originated-life-insurance practices.
AIG Investments has announced an $65 million investment in Calyx Agro Ltd., making its foray into Brazilian agriculture.
"The shareholders need to absorb the significance of the company’s first-quarter losses,” said ex-chief Hank Greenberg.
Bank-owned life insurance hit $120.4 billion in assets in 2007, up 15.9% from the previous year, according to Michael White Associates LLC.
As the weather heats up in May, so does the competition among insurance carriers that are releasing new features for their variable annuities.
One of American International Group Inc.’s units is considering splitting from the insurer, The Wall Street Journal reported.
