CANNEX Adds American General Products

An exchange for single-premium immediate annuities is expanding its listings.

CANNEX Financial Exchanges Ltd., Toronto, has added income annuities underwritten by American General Life Insurance Company, Houston, and the U.S. Life Insurance Company in the City of New York, New York, to the CANNEX SPIA Exchange.

American General and U.S. Life are units of American International Group Inc., New York.