In a sign that the housing market may be set for a rebound, the pending home sales index increased 6.3% in April.
Three shareholders cited a “staggering breakdown of risk controls” and “an unequivocal loss of investor confidence.”
A combination of regulatory developments and court cases since 1998 has molded annuities and insurance products into what they are today — and that development continues.
An optional federal charter and a tax environment that favors annuities are in the cards through the next 10 years for the life insurance industry.
The insurance broker will acquire all of HRH’s outstanding shares of common stock for $46, 50% cash and 50% stock.
The insurer’s valuation of credit default swaps are in question, according to The Wall Street Journal.
Michael Burson has been promoted to senior vice president for recruiting in Asia.
The bond insurers are also facing downgrades from Moody's Investors Service.
The bond insurers are also facing downgrades from Moody's Investors Service.
The SEC has not decided if synthetic guaranteed minimum withdrawal benefits should be be treated as securities.
Washington Mutual board chairman Kerry Killinger and Marsh & McLennan CFO and VP Matthew B. Bartley will leave their jobs.
Plaintiff’s attorneys are going to have a tougher time seeking class action status in alleging the improper sale of an annuity.
The first income guarantee wrap-per around a managed-account portfolio hasn't even been sold yet, but its mere existence has sparked growing interest in retirement income products within the managed-accounts industry.
MassMutual announced that it had completed its purchase of First Mercantile Trust Co. from SunTrust Banks Inc. of Atlanta.
Estimated sales of fixed annuities were $18.1 billion in the first quarter, a 35% increase from the level a year earlier.
Like Goldilocks, financial advisers can't seem to find many new retirement income products that are "just right."
A group of single-premium annuity pension plan brokers who allegedly took kickbacks from insurance carriers is under investigation by the state of Connecticut and may face steep penalties, according to Attorney General Richard Blumenthal.
The Hartford Financial Services has divided its life insurance operations into four market groups.
This deferred payout annuity allows clients to buy a stream of guaranteed income for a minimum of $10,000.
A Florida pension fund yesterday filed suit against AIG and four executives of making misleading statements about the company’s finances.
