Displaying 3273 results
Accounting changes plumped up insurers’ capital ratios
Life insurers, whose capital buffers shrank during 2008's downturn, emerged from 2009 with a rebound in capital. The reasons? Regulatory changes and a climbing equities market, according to Moody's
Officials: Annuitizing 401(k)s won’t be easy
Polls show that employees want an annuity option in their pension plan menu. But they also prefer a lump sum to an income stream when they hit retirement age
Annuities provide boost to investment portfolio: Study
Combining a variable annuity with a guaranteed-minimum-withdrawal benefit in conjunction with a traditional portfolio can help hike income
Hartford’s McGee says ‘never again’ to annuities concentration
Insurer's new boss said the Connecticut company will avoid focusing on any one product after VAs contributed mightily to two straight years of losses
Sales of fixed, variable annuities fell in 2009
Sales of both variable annuities and fixed annuities fell in 2009, according to the latest data from LIMRA.
Goldman abandoning life settlements market
Goldman Sachs Group Inc. has retreated even further from the life settlements arena, shutting down Longmore Capital, its life settlements provider.
Life settlements’ annual volume to hit $13B a year soon
Volume from life settlements transactions is expected to reach $13 billion in face amount annually over the next three years, according to research from Aite Group.
Life settlement packagers target B-Ds
For the first time they can recall, several independent broker-dealers have been solicited by life settlement companies to sell private placements of securities based on life insurance policies.
New York Legislature OKs bill regulating life settlements
New York’s state Legislature has passed a bill that would to regulate life settlements, requiring brokers and intermediaries…
Insurers start stronger and leaner, but face tighter regulation
Tighter regulation of sales, more mergers and continued capital building are three developments insurance carriers are likely to experience in 2010.
Third-quarter sales of fixed annuities slipped 21%
Sales of fixed annuities fell during the third quarter to $21.9 billion, a 21% decline from a year earlier, according to data from Beacon Research Publications Inc.
A wee spot of bother
Despite getting smaller, Royal Bank of Scotland still has some very big problems. Bad loans and a shaky economy top the list. Turning a profit? That's still a ways off.
OSU, T. Boone Pickens tangle with Lincoln National
Oklahoma State University's athletic fund and Lincoln National Life Insurance Co. are embroiled in a legal flap over a failed funding plan for charitable insurance.
S&P lowers rating on The Phoenix
Standard and Poor's today downgraded The Phoenix Cos Inc.'s counterparty credit rating to triple-C+ from B-.
Broker group to sue over insurance commission disclosure rule
The Independent Insurance Agents & Brokers of New York Inc. will proceed with legal action to try to stop a New York Insurance Department producer compensation regulation from taking effect, the DeWitt, N.Y.-based group announced Wednesday.
Lincoln National opens Coastal Financial office in L.A.
Lincoln National Corp. announced today that it has opened a new Los Angeles office to help it sell more Lincoln Financial Group life insurance products to small-business owners and high-net-worth individuals on the West Coast.
New York state releases final ruling on broker pay
The New York State Insurance Department released its final producer compensation disclosure regulation Tuesday.
Calif. insurers: We’ve got $12B invested in Iran
California's insurance commissioner said Tuesday he will push insurance companies doing business in California to divest up to $12 billion in indirect investments in Iran's defense, nuclear, energy and banking industries.
Catastrophe bond issues expected to surge this quarter
The catastrophe bond market is poised for an active fourth quarter as several factors combine to boost the insurance-linked-securities sector, according to experts and observers
Aon Corp., Hartford Financial Services, MetLife Inc.
Aon Corp.said today its first-quarter profit jumped 28% as the insurance broker was able to slash costs, more than offsetting a slight decline in revenue.
