MBIA, the world’s largest bond insurer, reported third-quarter earnings with a net loss of $36.6 million, or 29 cents per share.
The board of New York Life Insurance has elected Frank Boccio to the position of executive vice president and CAO.
The Risk Group will be responsible for identifying, tracking and addressing key external market and industry trading developments.
The American Council of Life Insurers today elected Dennis R. Glass, president and CEO of Lincoln Financial Group, as its 2008 chairman.
The Phoenix Cos. Inc. has formed an alliance with Jefferson National Life Insurance Co. in which Phoenix will use the Jefferson technology platform to offer no-load variable annuities to fee-based advisers at wirehouses and regional broker-dealers.
Sun Life Retirement Services has named Jed Collins as its new president, succeeding Claud Accum.
Michel Flamee has been re-elected chair of the International Association of Insurance Supervisors executive committee.
The system will help life insurance companies get certifications of supervision of annuity suitability.
Nebraska insurance director L.Tim Wagner died on Tuesday, according to the National Association of Insurance Commissioners.
More than two years after the launch of the first variable annuity based on exchange traded funds, VA providers and financial advisers are still ap-proaching the product with caution.
Guy Carpenter and Co. is accused of conspiring with reinsurers to fix prices and eliminate competition.
More than two years after the launch of the first variable annuity based on exchange traded funds, VA providers and financial advisers are still ap-proaching the product with caution.
BIS Insurance Services, a Sacramento, Calif. employee benefits insurance broker, will remain in its current location.
AIG will trim 600 positions as one of its subsidiaries merges with 21st Century Insurance Group.
Two of the world’s largest insurance-and-financial-services trade organizations have announced plans to merge.
New York Life International, the overseas arm of New York Life Insurance Co., has hired Richard L. Mucci as its chairman and chief executive.
Jackson National Life Insurance Co. today released Jackson AscenderPlus Select, a new fixed index annuity.
Combined net assets for variable annuities hit $1.5 trillion during the second quarter, according to a report from NAVA.
The insurance industry wants Congress to do something about the Byzantine system of state-by-state agent licensing and oversight.
Marsh & McLennan Cos. stock slipped after Brian M. Storms stepped down as CEO of Marsh Inc. on Friday.
