Podcast Center
Video Center
Webcasts
Resource Center
Events
January 14, 2013 at 08:23 AM
ING U.S., Windsor, Conn., has hired David Bedard as president of its Annuities business segment. Part of ING U.S.’s Retirement Solutions business, the segment focuses on sales of fixed annuities.
In his new role, Bedard is responsible for product, financial management and the operating performance of the fixed annuity business. He will also serve as a member of ING’s Retirement Solutions executive team, collaborating on overall business strategy and direction.
A 25-year industry veteran, Bedard most recently served as executive vice president of Global Annuities for The Hartford Financial Services Group after serving as the chief financial officer of that firm’s wealth management business. Previously, he was senior vice president and chief financial officer for the U.S. Life and Agency division of New York Life Insurance Company, where he also served as senior managing director and chief financial officer for New York Life Investments.
Bedard, who also held leadership positions earlier in his career at MassMutual and Coopers & Lybrand, will be based in ING U.S.’s Windsor, Conn., office, will report to Maliz Beams, chief executive officer of ING U.S. Retirement Solutions. His appointment is effective January 28, 2013.
Security Benefit Corp., a Topeka, Kan.-based a Guggenheim Partners company, has debuted a fixed indexed annuity.
Dubbed Foundations Annuity, the product is designed to protect principal, provide a guaranteed income stream an offer an interest-crediting opportunity tied to equity-market growth.
Security Benefit says the product capitalizes on the general account capabilities of Guggenheim Investments, a subsidiary of Guggenheim Partners, to offer features that aim to maximize guaranteed income. In addition to a guarantee of principal and a 1% bonus on first-year premium payments, the product offers three interest-crediting strategies tied to potential equity market growth.
