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Allstate said to mull sale of life/annuity unit

December 19, 2005

NEW YORK - Life insurers' need for scale to compete with recently merged companies, and the failure of some to meet earnings targets, continue to fuel speculation that more deals are imminent, according to industry analysts. The latest prominent...

Pru may be poised to make acquisitions

November 21, 2005

NEW YORK - Prudential Financial Inc. may be assembling a war chest in anticipation of making one or more major acquisitions, according to life insurance industry analysts. "Prudential must be thinking about a deal - they have to be out there...

New hires

November 14, 2005

New York Life Investment Management LLC has promoted Anthony Malloy, 42, to senior managing director and head of the securities investment group. He will oversee more than $100 billion in fixed-income investments, including high-yield bonds,...

NASD likely to amend VA suitability proposal

November 7, 2005

One of the most controversial provisions of NASD's variable annuity suitability rule will likely be dropped, an official said Friday. NASD of Washington is "looking to eliminate" a provision requiring supervisors to review recommendations made...

HSAs may be good for banks, bad for insurers

October 3, 2005

NEW YORK - Health savings accounts will flourish and create new income opportunities for banks but could significantly reduce health insurers' premiums, according to a report released last month. About 740,000 people will have an HSA-linked...

Planning platform facilitates firm-compliant advice

October 18, 2004

AdviceAmerica Inc. in Fremont, Calif., has introduced AdvisorVision 4.0, a financial planning platform that delivers personalized and institution-compliant advice using a proprietary knowledge-based rules engine that can be customized by the...

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