John C. Walters is being replaced by David N. Levenson, an executive vice president leading The Hartford's in-force domestic variable annuity business.
You'd think $3M or so in investible assets would make a person feel rich. Not so, say the well-off.
Connecticut's insurance regulator yesterday shot back at critics of insurers' use of so-called retained asset accounts.
New York Life Insurance Co. was the top seller of fixed annuities during the second quarter, with $1.74 billion, according to Beacon Research Publication Inc.
Groups argue the Harkin amendment would undermine the goal of strengthening the standard of care for investors.
Annuity sales skyrocketed during the second quarter at Prudential Financial Inc., thanks to a push to expand distribution relationships in the bank and wirehouse channels.
MetLife stays at the top, with Prudential and TIAA-CREF right behind
The oracle's yearly note to Berkshire-Hathaway shareholders was once a big event in investor circles. Now, it's lost its luster. Blame familiarity.
Axa also failed to use product comparisons that lower the surrender and death benefit value by the investment fund charges when considering hypothetical rates of return.
The Department of the Treasury and the Department of Labor will soon be taking steps to make it easier for companies to offer “automatic annuities” in 401(k) plans, Treasury senior adviser Mark Iwry said today.
Some top retirement gurus are in the process of developing proposals that could make annuity products a crucial part of millions of Americans' retirement plans.
New York Life Insurance Co. said today that John Kim, president and chief executive of the company's investment management arm, will become chief investment officer at the end of the year.
In a move into the retirement income market, Barclays Bank PLC on Sept. 1 will launch two structured-note products designed to provide income over 15- to 30-year time spans.
Western National Life Insurance Co., jumped back into the indexed-annuity market last week after more than 18 months on the sidelines.
The resignation of AIG chairman Harvey Golub may have come abruptly on Wednesday evening -- but it came as no big surprise.
The controversial CEO is set to become the insurer's longest-serving chief executive officer since the company's near-collapse in 2008
Bank holding companies' income from annuity sales plummeted in the first quarter, as the annuities lost their appeal during the stock market recovery.
Worried that new suitability rules for annuities will lead to conflicts between insurers and broker-dealers, an annuity advocacy organization has formed a working group of both parties to work out a solution.
The pullout of Goldman Sach leaves NFP in control of Institutional Life Services. So what will they do with it?
Critics say plan to treat all life settlements as securities will shrink the industry – or worse; others say that's hooey
