Allianz's first-quarter net income slid to $1.7 billion, down 66%, from $4.9 billion in the same period last year.
Retirees are increasingly worried that they will live too long and their savings will run out, and financial services companies are noticing.
One Goldman analyst says the bond insurers will need $3.4 billion each in added capital thanks to more quarterly losses.
“We are certainly ... disappointed that NAIFA’s board would suddenly change course on this important consumer protection issue"
The regulator wants to delay a rule that governs the review of deferred variable annuity sales.
A bill would create a federal office inside the Treasury to provide expertise on regulating the insurance industry.
Joseph P. Brandon, chairman and chief executive of General Re Corp., left his post following a rocky court case.
The Iowa Legislature has approved a bill to ban stranger-originated life insurance practices.
Zurich Financial Services announced that it is cutting 400 jobs at its North American business insurance unit.
Less than 20% of American workers feel confident that they will be able to afford a comfortable retirement .
The Association for Advanced Life Underwriting has created a political action committee, the organization announced.
CEO Martin Sullivan's pay package was sliced by one-third after AIG reported a 56% drop in annual profit in its 2007 net.
Life Insurance Strategies arranges premium financing of large policies for high-net-worth clients.
A 25-year veteran of the retirement and investment management industry, John Y. Kim comes to NYLIM from Prudential Retirement.
The firm announced its foray into the life settlements industry as the first insurance carrier to buy unwanted policies.
NAIC has revised its rules to keep life insurers from refusing coverage based on customers’ future travel.
MetLife is bringing in its deferred income annuity as an asset allocation option in a defined contribution plan.
AIG has filed suit against ex-chief executive Maurice Greenberg and six other former directors and executives, accusing them of breaching fiduciary duty,
The firm reported that its operating earnings jumped 17% to a record level of $1.28 billion for 2007.
Annuities are from Principal Financial Group, Symetra Life Insurance and firms affiliated with MetLife Investors.
