Because of slumping second-quarter sales of variable annuities, industry observers believe fixed annuities could benefit.
The Principal Financial Group has released a white paper that examines the four methods of providing retirees with income.
Marsh & McLennan Cos. of New York reported that its second quarter profit fell 63%to $65 million, or 13 cents per share.
Mario Gabelli plans to raise $200 million to buy a financial services, media or telecommunications company.
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The Hartford Financial Services Group's second-quarter profits fell to $543 million or $1.73 per diluted share.
Insurance industry representatives and regulators could not agree on moving ahead with comprehensive reform legislation.
Allianz Life Insurance Company of North America of Minneapolis today named Giulio Terzariol chief financial officer.
The insurance company will pay $786,655.87 as part of a settlement with the North Carolina insurance department.
Consumer protections and state partnership arrangements with insurance companies were among the topics.
HealthMarkets Inc. faces up to $10 million in additional penalties if it doesn’t meet disclosure and oversight standards.
The Select 5 fixed-interest annuity is a single-premium product that is guaranteed for five years.
American Equity Investment Life Insurance has settled a class action for $16.4 million over abusive annuity sales.
A downgrade by a Wachovia analyst sent American International Group shares tumbling to a 52-week low.
State insurance regulators are displeased with the Securities and Exchange Commission and state securities regulators about a proposal that would regulate equity index annuities as securities rather than as insurance products, and one state insurance regulator is meeting with SEC Chairman Christopher Cox this week to address those grievances.
Insurance agents who work primarily with equity index annuities say the Securities and Exchange Commission's proposal to regulate the products as securities would impose greater costs on their firms and hand over control of their production to broker-dealers.
The ratings have been raised to “buy,” from “hold,” and the target price has been upped to $33 per share, from $30.
Former chief executive Martin Sullivan's package includes equity and cash awards valued around $28 million.
Hedge fund investors now have the ability to insure themselves against fraud or even the allegation of fraud.
Analysts concerned about Security Benefit Life Insurance Co.'s investments in subprime-mortgage-backed securities have cut the firm's financial ratings and are keeping a careful eye on the Topeka, Kan., carrier.
