American International Group Inc. is reportedly in talks with JPMorgan Chase & Co. to spin off some its subprime assets into a new company, according to The New York Post.
Overall individual-annuity sales grew 4% during the second quarter, buoyed by a spike in fixed-annuity sales, according to Limra International Inc.
Insured losses from Hurricane Gustav were not large enough to affect the creditworthiness of the insurance and reinsurance industries, S&P said.
The office of New York insurance superintendent James Wrynn has ordered embattled bond insurer Financial Guaranty Insurance Co. to halt claims payments.
The National Association of Independent Life Brokerage Agencies has announced its opposition to the SEC's regulation of fixed indexed annuities as securities.
A $241 million award given to the state regarding its takeover of the now-defunct Executive Life Insurance has been overturned.
Sales hit an estimated $24.6 billion during the second quarter, up 54.1% from the second quarter of 2007.
The group will oppose the SEC's proposal to regulate certain indexed annuities as securities.
Sun Life Financial has introduced a 6% bonus credit for customers of its Masters Extra variable annuity.
Catherine J. Weatherford replaces Mark Mackey, who in January announced that he would step down from the post.
Aon Corp., the world’s largest insurance broker, will acquire Benfield Group for $1.75 billion.
Penn Treaty American’s reinsurer has withdrawn its agreement to back long term care policies written by two subsidiaries.
The New York-based firm has chosen Vanessa A. Wittman as its new finance chief and executive vice president.
Limra International Inc. today added Lawrence J. Niland to its compliance and regulatory services division.
Products that combine equity exposure, income generation and volatility protection may grow more popular among advisers, according to a retirement product executive.
Conseco said that it plans to transfer Conseco Senior Health Insurance, its long-term care unit, to an independent trust.
Walter A. Bell, Alabama’s insurance commissioner, announced that he will step down at the end of the month.
Many are cutting back on medical care to cope with rising costs and a worsening economy, according to NAIC.
The Hartford Financial Services Inc. today appointed Marc Lieberman president and chief executive of Hartford Life.
Berkshire Hathaway reported net earnings declined to $2.88 billion from $3.12 billion a year ago.
