The forces that drove the retirement marketplace in 2007 — the automatic enrollment and default option provisions of the Pension Protection Act of 2006, the aging baby boomers and a focus on the rollover market — will continue to shape product launches this year.
Strong earnings and sound investment portfolios will keep the life insurance industry stable this year, according to Moody’s Investors Service.
The American Council of Life Insurers has added James Szostek as the director of pensions in the taxes and retirement security department.
A total of 222,184 consumer complaints were reported to the NAIC last year, a 3.6% fall from 2006.
Brian Duperreault replaces Michael Cherkasky, who left the New York-based insurance broker in December.
A possible collapse of teetering bond insurers could cost financial firms, including Merrill Lynch and Citigroup, up to $75 billion.
Efforts to bail out bond insurers may be too late to prevent a ratings downgrade, a research firm says.
Banc One Securities Corporation of Chicago was fined $225,000 by FINRA for making the unsuitable sales.
By recruiting Perella Weinberg, the state regulator would focus on protecting the policyholders of “monoline” insurers.
Inspired by market volatility, insurance carriers are making over their equity-index annuities in an attempt to beat a bad reputation and target baby boomer investors.
Gender is a strong factor in determining the likelihood of whether a worker 50 or older receives an annuity or a company-sponsored pension payment, according to a recently released study.
Robert B. Pollock's return follows a six-month hiatus when Mr. Pollock went on administrative leave by order of the board of directors.
Insurance agents and advisers are hawking annuities without grasping the adverse impact on clients' estate plans, industry observers said.
The new benefit will go with UBS’s target retirement funds and other investment options.
John Koehler will lead a group of nine specialists, each one focusing on advanced planning techniques.
Willis Group Holdings, the London-based insurance broker, is talking takeover with Marsh & McLennan, CNBC reported.
Haier New York Life, a joint venture between the New York-based insurer and China’s Haier Group, today opened a branch in Wuhan.
Ex-AIG chief Maurice R. Greenberg and his investment firm have retained an adviser to review their stake in the insurer.
David M. Johnson, executive vice president and finance chief of The Hartford, will resign in mid-2008.
“The NAIC investigated itself with an attorney who used to work for the insurers,” said the Life Insurance Settlement Assoc. chief.
