Union Labor Life Insurance Co. today settled with the Department of Labor, paying $20 million over alleged violations of federal employee benefits law.
National Financial Services has added seven insurance carriers to the company’s annuity program for B-Ds
Mr. DiDonna will lead about 150 people specializing in reinsurance, product development, actuarial services and underwriting.
New York Life Insurance elected Patricia L. Barbari has to senior vice president in the Individual Policy Services department.
Using a fixed-income annuity in a retirement income account resulted in greater long-term wealth, according to a study.
German insurer Allianz SE, saw third-quarter net profits soar 21%, reaching 1.92 billion euros ($2.81 billion).
American International Group Inc.'s third quarter net income dropped to $3.09 billion or $1.19 per share.
Elizabeth A. Ward will handle all elements of strategic risk management and have oversight across MassMutual’s companies.
Fireman’s Fund, a member of Allianz Group, has launched the first green homeowners’ insurance policy upgrade.
A new rule governing broker-dealers' sales of deferred variable annuities is about to drop, and the firms are arming themselves to face it — but not without a little grumbling.
Ms. Slevin, a 30-year veteran of the company, will direct more than 1,300 tech professionals in six U.S. locations.
While many financial advisers continue to criticize and shun equity index annuities, insurance companies that sell the product are trying to improve its tarnished image by focusing on education.
The layoffs are part of a global restructuring plan that will cut down on expenses, Aon said in a filing with the SEC.
Sun Life Financial’s U.S. division received the Life Office Management Association Educational Achievement Award.
Citigroup Inc. will buy Carlton Hill Global Capital, a New York-based fixed-income money manager.
The new not-for-profit organization will called LL Global Inc., providing a unified management structure.
The average age of a buyer is now 58, down from 61 in 2005, and 67 in 2000, according to a survey.
Americans are in denial about their finances. Federal data show that they spend like there's no tomorrow. Our middle class is among the most affluent in history, but many live paycheck to paycheck, their futures mortgaged to fund their increasingly expensive amusements.
He will replace Raj Singh, who will take a new position at the Swiss Reinsurance Co.
John Hancock Annuities is making a run for old and young retirees with a new annuity rider.
