AIG Promotes Peter Hancock to CEO
Hancock, head of property-casualty, will replace Benmosche Sept. 1.
AIG Seeks to Add 600 Advisors in Annuities Push
AIG plans to add 600 advisors in a push to increase sales of retirement products as some rivals retreat from annuities.
Are Annuities Too Risky for Insurance Companies?
The question naturally arises from Canadian life insurer Sun Life Financial’s decision to unload its U.S. annuity business for $1.35 billion, and recent shakeups in the annuity business.
Japan Avoids Spanish Bonds
As yields continued to rise on Spanish sovereign debt, Japanese investors said they were not tempted by the increases and added that such investments were in too much danger from the continuing debt crisis.
Carrier STOLI Suits Not Limited by Contestability Period
The Delaware Supreme Court recently held that life insurance carriers are not limited by the contestability period when they challenge a policy for lack of an insurable interest.