American International Group says it has slashed the amount of money it owes the government by $25 billion after moving two subsidiaries into special holding units ahead of their planned spinoffs or sale.
SunAmerica Retirement Markets Inc., the AIG subsidiary, has released two new variable annuity riders — and the company vows to compete with rival carriers to grab advisers' attention.
Two major life insurers are providing disaster relief to Haiti by making donations to the earthquake-ravaged republic.
Major insurance companies, some of which were all but left for dead at this time last year, have staged a dramatic rebound, shoring up capital and increasing profits as they look forward to 2010.
Life carriers' outlook appears to be taking a turn for the better, according to a prominent equities analyst.
Former Lincoln National execs launch Sun Life combo product that will go up against MoneyGuard; 'we know the formula'
But new study by Moody's finds that the financial stability of U.S. carriers trails that of rivals in Asia
In an SEC filing, Mr. Greenberg's investment vehicle, Zug, Switzerland-based Starr International Co. Inc., said it would sell the shares to UBS Securities LLC during the next three years.
Strong support systems — along with a mentoring culture and time management training — are just a couple of the factors that keep life insurance producers' feet planted at one company, according to a report from LIMRA International Inc.
New life insurance premium levels at banks leapt nearly 60% during the third quarter, beating the overall industry's growth for the second consecutive quarter, according to data from Kehrer-LIMRA, a subsidiary of LIMRA International Inc.
Two major life insurers are providing disaster relief to Haiti by making donations to the earthquake-ravaged republic.
Swiss Reinsurance Co. Ltd. last week introduced a $75 million catastrophe bond that covers extreme mortality risks.
New life insurance premium levels at banks leapt by nearly 60% during the third quarter, beating the overall industry's growth for the second consecutive quarter, according to data from Kehrer-LIMRA.
A California couple has filed suit against The Variable Annuity Life Insurance Co., an AIG Inc. subsidiary, claiming the company's sales agents misled investors about the tax advantages of using variable annuities in qualified retirement plans.
Finra has barred a registered representative after finding that the Virginia rep had misrepresented the return a client would receive on a deferred annuity.
Though adults know it would be disastrous to lose their income due to a disability, it seems only a minority of them actually insure against that risk.
Having taken over as chief executive of American International Group Inc.'s Domestic Life and Retirement Services, Jay S. Wintrob has assured employees in a letter that SunAmerica and VALIC products will be back on distributors' shelves.
Cincinnati Financial Corp. said Monday that Robert C. Schiff, a company founder who retired from the property and casualty insurer's board in 2004, has died. He was 86.
