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.
The use of alternative hedge-fund-like strategies within mutual funds was a hot topic of discussion last week at the Investment Company Institute's 50th annual general membership meeting in Washington.
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.
Oklahoma and Connecticut have passed bills to discourage stranger-originated life insurance practices.
AIG reported a net loss of $7.81 billion, or $3.09 per diluted share, for the first quarter of the year.
The government should remove obstacles that keep employers from offering 401(k) plans, said Paul Schott Stevens.
Regulators discovered lapses in the company’s long-term-care insurance claims and complaints processing.
Regulators discovered lapses in the company’s long-term-care insurance claims and complaints processing.
Banks that sold insurance were more profitable than those that didn’t in 2007, according to Bank Insurance Market Research.
As hurricane season approaches, financial advisers continue to look warily upon catastrophe bonds
Sun Life Financial Inc. of Toronto today released a new rider, the Retirement Income Escalator.
The Fair Fund distribution concludes the saga that began when the insurer was accused of falsifying financial statements.
The Hartford Financial Services Group announced changes to its flagship variable annuity and its sales force.
The volatile stock market has created a period of frenzy for financial advisers in the 401(k) area, who have seen a substantial increase in the number of new prospects.
Eight percent of investors have recently halted or reduced their contributions in 401(k) plans, a study reveals.
“We’re going to see new products for [income] guarantees that aren’t insurance,” said Laura Varas of FRC.
Allianz's first-quarter net income slid to $1.7 billion, down 66%, from $4.9 billion in the same period last year.
