Haier New York Life, a joint venture between the New York-based insurer and China’s Haier Group, today opened a branch in Wuhan.
A total of $50 million in 401(k) assets moved into diversified equities from fixed-income investments during December, according to the Hewitt 401(k) Index.
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.
Employee plaintiffs are lining up to sue the major brokerage firms over losses in company stock.
Starting in 2009, new rules will change the landscape of the 403(b) industry, making the plans look more like 401(k)s and increasing their attractiveness to savvy advisers in the process, industry leaders believe.
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.
The group comprises 18 record keepers and investment providers that serve the market for the defined contribution plans sponsored by school systems and hospitals.
Great American Insurance is accused of submitting a false insurance premium quote.
Dave Liebrock will be an adviser at Captrust, working mostly with plan sponsors in the mid-market 401(k) space.
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.
