Annuities
Annuity news and analysis, including coverage of annuity market regulatory, compliance and legislative issues.
July 01, 2005
Pacific Life Hires RitondoPacific Life Insurance Company has hired Christopher Ritondo to be a senior account manager for regional brokerage firms and wirehouses in its Eastern region.[@@]Ritondo ...
July 01, 2005
Fraternal Adds 7 FundsThe investment management arm of Thrivent Financial for Lutherans is introducing 4 asset-allocation funds and 3 other mutual funds.[@@]The 4 new asset-allocation funds will ...
July 01, 2005
Phoeni Aims To Simplify Annuity ChoicesA new line of variable annuities from the Phoenix Companies Inc. is part of a plan to make it easier for clients to buy ...
June 30, 2005
MetLife Closes On Travelers Life DealMetLife Inc. has completed a deal to acquire the Travelers Life & Annuity business and most international insurance operations from Citigroup Inc. for $11.8 ...
June 30, 2005
John Hancock Enters Into Advisory Role For GMOThe U.S. wealth management division at John Hancock Financial Services says it will be offering 8 mutual funds run by managers at GMO L.L.C., ...
June 29, 2005
Indeed Annuity Sales Soar In Banks In First QuarterU.S. banks increased sales of equity indexed annuities by 79% in the first quarter, well above the growth rate for EIAs in other channels, ...
June 29, 2005
VA Reinsurance Remains Tight, Consultant AssertsThe availability of reinsurance for variable annuities with guarantees continues to be scarce and costly, according to David Hopewell, a senior actuarial advisor with ...
June 29, 2005
Hancock Offers Fied Annuity Bonus RatesJohn Hancock Life Insurance Company is trying to whet customers' interest in its fixed annuities.[@@]Hancock, Boston, is introducing a first-year bonus interest rate for ...
June 29, 2005
Bank Of America Settles With Mass. On VA Sales To ElderlyBank of America's brokerage unit has agreed to settle a state regulator's complaint that it sold inappropriate variable annuities to older seniors in 2003 ...
June 28, 2005
Spitzer Targets Senior VA SalesSpitzer Targets Senior VA SalesHartford Financial Services Group Inc. received a subpoena last week from New York Attorney General Eliot Spitzer's office in connection ...