Robert B. Pollock's return follows a six-month hiatus when Mr. Pollock went on administrative leave by order of the board of directors.
Insurance agents and advisers are hawking annuities without grasping the adverse impact on clients' estate plans, industry observers said.
The new benefit will go with UBS’s target retirement funds and other investment options.
John Koehler will lead a group of nine specialists, each one focusing on advanced planning techniques.
Willis Group Holdings, the London-based insurance broker, is talking takeover with Marsh & McLennan, CNBC reported.
Haier New York Life, a joint venture between the New York-based insurer and China’s Haier Group, today opened a branch in Wuhan.
Ex-AIG chief Maurice R. Greenberg and his investment firm have retained an adviser to review their stake in the insurer.
David M. Johnson, executive vice president and finance chief of The Hartford, will resign in mid-2008.
“The NAIC investigated itself with an attorney who used to work for the insurers,” said the Life Insurance Settlement Assoc. chief.
Doug Townsend has been the vice president and controller of both entities since January 2004.
The Interstate Insurance Product Regulation Commission today added two new regulators.
As managing director and head of fixed income trading, Bill Parry will oversee all fixed income traders.
The model act covers the secondary market for life insurance, including disclosures for viatical settlements brokers.
MBIA Inc. said that the SEC and the New York Insurance Department have started informal inquiries into a deal that the company made with private-equity firm Warburg Pincus LLC.
She will replace Fred Castellani, who will retire at the end of February, ending a 12-year career with the firm.
That’s a 15% decrease from the estimated $4.0 trillion issued last year, according to a SIFMA forecast.
Now that annuities are becoming accepted as part of an overall retirement income program, fee-only planners are wondering whether they should sell the products themselves or refer sales to outside agents.
Great American Insurance is accused of submitting a false insurance premium quote.
Fixed and variable annuity sales at banks rose to $4.2 billion in October, a 14% gain.
Peter Smyth is now senior vice president and director of strategy, development and operations for international wealth management.
