Another Bomb
By Steve PiontekThe subprime mess is turning out to be a minefield for investment banks.The latest casualty is Morgan Stanley, the investment banking house, which took a ...
December 16, 2005
Annuity Seller Starts Broker%2DDealerAsset Marketing Systems Insurance Services L.L.C. is setting up Madison Avenue Securities, a broker-dealer subsidiary that will help registered representatives supervise their equity-indexed annuity ...
December 16, 2005
LTC Administrator Acquires Service ProviderLong Term Care Group Inc. has completed the acquisition of Nation's CareLink.[@@]LTC Group, Eden Prairie, Minn., sells application-processing services, underwriting services, policy administration services ...
December 16, 2005
CIGNA Veteran Moves To CeridianCeridian Corp. has hired Zachary Meyer to be senior vice president of commercial employee assistance program and work-life services.[@@]Meyer previously was a senior vice ...
December 16, 2005
Insurer Fills Sales PositionMutual of Omaha Insurance Company has hired Marcus Mears to be senior vice president for brokerage sales.[@@]Mears previously was senior vice president for marketing ...
December 16, 2005
Great%2DWest Announces Eecutive ChangesWilliam McCallum is retiring as president of Great-West Life & Annuity Insurance Company at the end of the year.[@@]McCallum, who will become vice chairman ...
December 16, 2005
Congress OKs TRIA Etension Without Group Life %28Updated%29Members of the House and Senate delivered voice votes over the weekend approving a bill that could extend the Terrorism Risk Insurance Act for ...
December 16, 2005
Principles%2DBased Reserve Valuation Office DiscussedThe National Association of Insurance Commissioners may need a reserve valuation office that would be similar to the NAIC's securities valuation office.[@@]Larry Bruning, chief ...