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Barclays chooses MetLife as annuity provider
MetLife is bringing in its deferred income annuity as an asset allocation option in a defined contribution plan.
Insurer sues ex-chief executive
AIG has filed suit against ex-chief executive Maurice Greenberg and six other former directors and executives, accusing them of breaching fiduciary duty,
New York Life Insurance
The firm reported that its operating earnings jumped 17% to a record level of $1.28 billion for 2007.
Pershing makes annuities available to B-Ds
Annuities are from Principal Financial Group, Symetra Life Insurance and firms affiliated with MetLife Investors.
Aflac shareholders get ‘say on pay’ vote
Aflac's directors have released a proxy statement inviting its shareholders to vote on performance-based compensation.
Retirement Income: Advisers still poke holes in retirement income products
Even as the financial services industry scurries to provide advisers with better retirement income vehicles, advisers continue to criticize the new products.
AIG to pay Pennsylvania $13.5 million
AIG will pay $13.5 million to settle an investigation involving its alleged sham reinsurance deal with General Re.
Insurance for Fifi and Fido
Pets Best Insurance Services is bringing coverage to man's best friends through banks and employee benefit providers.
Correction
Due to a technical error, an old story about Robert R. Carter stepping down from his role as president of NFP Insurance Services Inc., ran in today's INDaily.
Jackson National’s earnings rise
Jackson National Life reported today a 14% earnings increase and $4.1 billion in revenue for 2007.
Advisers focus more on health of insurance carriers
Financial advisers are looking more closely at the financial health of insurance carriers before they recommend life insurance…
Fixed annuities sales down 9% in ’07
Estimated sales of book value annuities totaled $6.9 billion, while sales of indexed annuities totaled $6.3 billion.
Nationwide Mutual to buy back shares for $2.2B
The move is intended to simplify the mutual company's ownership structure, according to the firm.
Cuomo presses insurers for payment info
The New York attorney general Andrew Cuomo is broadening his investigation into health insurers’ practices related to payments for out-of-network services.
Ambac to float $1.5 billion in offerings
Ambac will seek to raise capital through a $1 billion common stock offering, plus a $500 million public offering of equity units.
ABIA elects three new board members
The American Bankers Insurance Association has elected three financial services industry leaders to serve as new board of directors.
Ambac to stay whole as it waits for infusion
The bond insurer has decided against splitting into two entities, as it prepares to receive up to $3 billion in cash.
J.G. Wentworth gets life-settlement licenses
The firm's life settlements units have received provider licenses in 22 states and have filed applications with five others.
Insurers are touting no-load, low-cost VAs
Registered investment advisers just might be the next big ticket for the insurance industry.
Insurance industry expects a tax hike but not this year
Although 2008 probably won't be a year for any significant tax changes, the insurance industry is preparing for 2009 and 2010, when tax increases appear likely.
