Standard and Poor’s Ratings Services today hit Massachusetts Mutual Life Insurance Co., New York Life Insurance Co. and TIAA-CREF with negative ratings actions.
Aquiline Capital Partners LLC has purchased Conning & Co., the research, consulting and asset management firm, from Swiss Reinsurance Co. Ltd.
The Financial Industry Regulatory Authority Inc. yesterday adjusted its variable annuity suitability rule, releasing the final version of the much-debated Rule 2821. Originally, the rule had four major components.
American International Group Inc. and its former chairman and chief executive, Maurice “Hank” Greenberg, have a court date today related to a fight over a block of AIG shares that was sold for $4.3 billion.
As new annuity rules continue to develop, chief compliance officers at broker-dealers say that they still face some challenges in implementing compliance procedures with their financial advisers.
The Financial Industry Regulatory Authority Inc.'s proposal to widen its purview to include non-securities products has left some in the fixed-annuities industry gnashing their teeth.
The Principal Financial Group has declined to participate in the U.S. Treasury’s Capital Purchase Program.
The insurer yesterday received preliminary clearance to accept approximately $3.4 billion in federal aid.
Retirees would be able to take a portion of their retirement savings in the form of an annuity if a bill introduced today by Rep. Earl Pomeroy, D-N.D., were passed into law.
