Prudential Financial Inc. has emerged as the lead bidder for Hartford Financial Services Group Inc.'s individual life insurance business, which may sell for about $1 billion, said two people with knowledge of the matter.
Major upfront expense needed to get out from under 'ungodly' liabilities
New survey reveals how prudent planners go about reaching their retirement goals
Tumult on the variable annuity scene is dampening sales at broker-dealers, raising some concerns about the impact on revenue.
Insurer never recovered VA business it lost after the financial crisis
Prudential will stop selling long-term care policies citing 'challenging economics.'
Just when it seemed that the variable annuity industry couldn't handle more change, major sellers MetLife Inc. and Prudential Financial Inc. expect to roll out product updates this month, while The Hartford Financial Services Group Inc. is looking to reduce further its VA book of business.
Variable annuities up-and-comer hires wholesaler team
Understimate healthcare costs for clients and watch things unravel
Allegedly raked in big commissions by selling policies that greatly exaggerated applicants' net worth; faces 30 years in prison, forfeiture of Escalade
Some 40% of new flows are going in Guidance Portfolios, a packaged strategy; 'counter-correlated sleeve'
Genworth's chief investment officer Ronald Joelson, who oversees $75 billion in assets, is leaving to join Northwestern Mutual Life Insurance.
