Guy Carpenter and Co. is accused of conspiring with reinsurers to fix prices and eliminate competition.
More than two years after the launch of the first variable annuity based on exchange traded funds, VA providers and financial advisers are still ap-proaching the product with caution.
BIS Insurance Services, a Sacramento, Calif. employee benefits insurance broker, will remain in its current location.
AIG will trim 600 positions as one of its subsidiaries merges with 21st Century Insurance Group.
Two of the world’s largest insurance-and-financial-services trade organizations have announced plans to merge.
New York Life International, the overseas arm of New York Life Insurance Co., has hired Richard L. Mucci as its chairman and chief executive.
Jackson National Life Insurance Co. today released Jackson AscenderPlus Select, a new fixed index annuity.
Combined net assets for variable annuities hit $1.5 trillion during the second quarter, according to a report from NAVA.
The insurance industry wants Congress to do something about the Byzantine system of state-by-state agent licensing and oversight.
Marsh & McLennan Cos. stock slipped after Brian M. Storms stepped down as CEO of Marsh Inc. on Friday.
Insurance regulators are joining the attack on investment fraud that targets older Americans.
Craig A. Merdian has joined New York Life International as executive vice president and CFO.
With a recently passed law, the Department of Defense has declared war on bogus financial advisers.
Individual annuity sales increased 6% in the second quarter to a record of $66.5 billion over the same period in 2006.
Richard M. Reilly, Michael Gilotti and Mathew Greenwald were honored and six new board members were added.
Seniors may want to sell their homes and move in with relatives as a way to reduce overhead expenses.
Life insurance brokerage agencies could save up to $377 million annually in agent licensing costs if Congress were to adopt legislation.
Nationwide Financial Services Inc. has kicked off enhancements to its Lifetime Income Rider.
Gordon Robert Moore was indicted by a Colorado grand jury on 45 counts of theft, securities fraud and forgery.
New York Life Insurance Co. has named Steven Lash as senior vice president of the corporate finance department and Richard Witterschein as the company’s new first vice president and treasurer of the department.
