Life assurers regain confidence – Financial Times
Life assurers were in focus on Wednesday as the FTSE 100 tested a new 18-month high. Legal & General and Aviva climbed as concerns faded that they might have to raise cash to meet new European solvency standards. The adviser to the European
Prudential jolts Asian insurance M&A to life – Reuters
Canada’s Manulife Financial ( MFC.TO ) and France’s Axa ( AXAF.PA ) are both seen as potential contenders for AIG’s American International Association (AIA) unit, because of their ambitions to grow in Asia. The deal is the one of biggest ever in the
A guarantee for your 401k? – MSN Money
In the wake of the worst stock market performance in decades, there’s a drive under way to include a new type of product in 401k plans: an annuity-style investment that gives retirees guaranteed income for life. A number of insurers, eager to grab a
Beacon: Q4 Fixed Annuity Premium Down 11% – Insurance News Net
Evanston, IL, March 2, 2010— U.S. sales of fixed annuities were an estimated $19.6 billion in fourth quarter 2009, according to data from the Beacon Research Fixed Annuity Premium Study. Quarterly sales were down 43% and 11% compared to fourth
Proposal would help predict 401(k) yields – Nashville Tennessean
BOSTON — It might increase the amount of money people set aside to pay for their expenses in retirement. Then again, it might have some unintended consequences, as well. Workers saving for retirement just might take on more risk than necessary in
Disclosure A Must With LTC Premium Hikes – Registered Rep.
If you’re selling clients long-term care insurance, beware that state insurance laws require agents to provide up-front disclosure that premiums could rise in the future. This disclosure also is required by insurance brokerage firms—no matter how
Feds Encourage Annuities – Human Resource Executive Online
The federal government seems ready to start “selling” annuity policies to American companies and their employees. The Departments of Labor and Treasury have asked for industry comment in an under-noticed “request for information” issued on Feb. 2 on
A.I.G. Reports a Loss and Increases Its Reserves – New York Times
The American International Group , the insurance giant, said Friday that it lost about $11 billion last year, and cited a rebound in annuities sold by its renamed life insurance companies as a bright spot. The insurer’s year-end result was a
A.I.G. Posts Loss of $11 Billion on Higher Claims – New York Times
Benmosche cited a rebound in the annuities sold by its life insurance companies Schimek said that the company significantly reduced selling excess workers’ compensation in the early 2000s. But the claims from business already on its books will
Life assurers regain confidence – Financial Times
Life assurers were in focus on Wednesday as the FTSE 100 tested a new 18-month high. Legal & General and Aviva climbed as concerns faded that they might have to raise cash to meet new European solvency standards. The adviser to the European
Prudential jolts Asian insurance M&A to life – Reuters
Canada’s Manulife Financial ( MFC.TO ) and France’s Axa ( AXAF.PA ) are both seen as potential contenders for AIG’s American International Association (AIA) unit, because of their ambitions to grow in Asia. The deal is the one of biggest ever in the
A guarantee for your 401k? – MSN Money
In the wake of the worst stock market performance in decades, there’s a drive under way to include a new type of product in 401k plans: an annuity-style investment that gives retirees guaranteed income for life. A number of insurers, eager to grab a
Beacon: Q4 Fixed Annuity Premium Down 11% – Insurance News Net
Evanston, IL, March 2, 2010— U.S. sales of fixed annuities were an estimated $19.6 billion in fourth quarter 2009, according to data from the Beacon Research Fixed Annuity Premium Study. Quarterly sales were down 43% and 11% compared to fourth
Proposal would help predict 401(k) yields – Nashville Tennessean
BOSTON — It might increase the amount of money people set aside to pay for their expenses in retirement. Then again, it might have some unintended consequences, as well. Workers saving for retirement just might take on more risk than necessary in
Disclosure A Must With LTC Premium Hikes – Registered Rep.
If you’re selling clients long-term care insurance, beware that state insurance laws require agents to provide up-front disclosure that premiums could rise in the future. This disclosure also is required by insurance brokerage firms—no matter how
Feds Encourage Annuities – Human Resource Executive Online
The federal government seems ready to start “selling” annuity policies to American companies and their employees. The Departments of Labor and Treasury have asked for industry comment in an under-noticed “request for information” issued on Feb. 2 on
A.I.G. Reports a Loss and Increases Its Reserves – New York Times
The American International Group , the insurance giant, said Friday that it lost about $11 billion last year, and cited a rebound in annuities sold by its renamed life insurance companies as a bright spot. The insurer’s year-end result was a
A.I.G. Posts Loss of $11 Billion on Higher Claims – New York Times
Benmosche cited a rebound in the annuities sold by its life insurance companies Schimek said that the company significantly reduced selling excess workers’ compensation in the early 2000s. But the claims from business already on its books will