Sales hit an estimated $24.6 billion during the second quarter, up 54.1% from the second quarter of 2007.
The group will oppose the SEC's proposal to regulate certain indexed annuities as securities.
Sun Life Financial has introduced a 6% bonus credit for customers of its Masters Extra variable annuity.
Catherine J. Weatherford replaces Mark Mackey, who in January announced that he would step down from the post.
Aon Corp., the world’s largest insurance broker, will acquire Benfield Group for $1.75 billion.
Penn Treaty American’s reinsurer has withdrawn its agreement to back long term care policies written by two subsidiaries.
The New York-based firm has chosen Vanessa A. Wittman as its new finance chief and executive vice president.
Limra International Inc. today added Lawrence J. Niland to its compliance and regulatory services division.
Products that combine equity exposure, income generation and volatility protection may grow more popular among advisers, according to a retirement product executive.
Conseco said that it plans to transfer Conseco Senior Health Insurance, its long-term care unit, to an independent trust.
Walter A. Bell, Alabama’s insurance commissioner, announced that he will step down at the end of the month.
Many are cutting back on medical care to cope with rising costs and a worsening economy, according to NAIC.
The Hartford Financial Services Inc. today appointed Marc Lieberman president and chief executive of Hartford Life.
Berkshire Hathaway reported net earnings declined to $2.88 billion from $3.12 billion a year ago.
Because of slumping second-quarter sales of variable annuities, industry observers believe fixed annuities could benefit.
The Principal Financial Group has released a white paper that examines the four methods of providing retirees with income.
Marsh & McLennan Cos. of New York reported that its second quarter profit fell 63%to $65 million, or 13 cents per share.
Mario Gabelli plans to raise $200 million to buy a financial services, media or telecommunications company.
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The Hartford Financial Services Group's second-quarter profits fell to $543 million or $1.73 per diluted share.
