Bloomberg

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RETIREMENT LIFE INSURANCE AND ANNUITIES JAN 31, 2008
ACLI names Szostek director

The American Council of Life Insurers has added James Szostek as the director of pensions in the taxes and retirement security department.

NEWS INDUSTRY NEWS JAN 31, 2008
Unemployment climbs, consumption slows

The number of U.S. workers filing new claims for unemployment benefits rose in late January to its highest level since October 2005.

RETIREMENT LIFE INSURANCE AND ANNUITIES JAN 30, 2008
Marsh names president and CEO

Brian Duperreault replaces Michael Cherkasky, who left the New York-based insurance broker in December.

RETIREMENT LIFE INSURANCE AND ANNUITIES JAN 30, 2008
Bond insurers could cost finance firms $75B

A possible collapse of teetering bond insurers could cost financial firms, including Merrill Lynch and Citigroup, up to $75 billion.

NEWS INDUSTRY NEWS JAN 30, 2008
UBS, Legg Mason, Lazard, BNP & AMG

UBS posted a $14 billion write-down that will result in a $12.5 billion fourth-quarter loss.

YOUR PRACTICE PRACTICE MANAGEMENT JAN 30, 2008
Tread carefully when self-reporting

Self-reporting in areas such as the retention of e-mails “is more of an art than a science,” said the CEO of ING.

NEWS INDUSTRY NEWS JAN 30, 2008
Gross domestic product sputters in 4Q

This followed a 4.7% increase in the third quarter, bringing average growth in 2007 to 2.2%, compared with 2.9% in 2006.

INVESTING ETFS JAN 30, 2008
Claymore, PowerShares launch ETFs

Claymore Securities has unveiled the Claymore/AlphaShares China Small Cap Index exchange traded fund on Amex.

INVESTING ALTERNATIVES JAN 30, 2008
Bayou CFO gets 20 years in prison

Daniel Marino, who faced a maximum sentence of 50 years, had sought leniency due to his cooperation with prosecutors.

RETIREMENT LIFE INSURANCE AND ANNUITIES JAN 29, 2008
Perella to advise NY on bond insurers

By recruiting Perella Weinberg, the state regulator would focus on protecting the policyholders of “monoline” insurers.