Annuities
Annuity news and analysis, including coverage of annuity market regulatory, compliance and legislative issues.
Fraternal Adds 7 Funds
By Staff WriterThe investment management arm of Thrivent Financial for Lutherans is introducing 4 asset-allocation funds and 3 other mutual funds.[@@]The 4 new asset-allocation funds will ...
June 30, 2005
MetLife Closes On Travelers Life DealMetLife Inc. has completed a deal to acquire the Travelers Life & Annuity business and most international insurance operations from Citigroup Inc. for $11.8 ...
June 29, 2005
VA Reinsurance Remains Tight, Consultant AssertsThe availability of reinsurance for variable annuities with guarantees continues to be scarce and costly, according to David Hopewell, a senior actuarial advisor with ...
June 29, 2005
Indeed Annuity Sales Soar In Banks In First QuarterU.S. banks increased sales of equity indexed annuities by 79% in the first quarter, well above the growth rate for EIAs in other channels, ...
June 29, 2005
Hancock Offers Fied Annuity Bonus RatesJohn Hancock Life Insurance Company is trying to whet customers' interest in its fixed annuities.[@@]Hancock, Boston, is introducing a first-year bonus interest rate for ...
June 29, 2005
Bank Of America Settles With Mass. On VA Sales To ElderlyBank of America's brokerage unit has agreed to settle a state regulator's complaint that it sold inappropriate variable annuities to older seniors in 2003 ...
June 28, 2005
Spitzer Targets Senior VA SalesSpitzer Targets Senior VA SalesHartford Financial Services Group Inc. received a subpoena last week from New York Attorney General Eliot Spitzer's office in connection ...
June 28, 2005
Panelists Ponder Role Of The CCONewly-empowered compliance officers should focus on ensuring transparency and clearly defining the roles of company officials.[@@]Experts gave that advice here Monday at the opening ...