Annuity Market News articles from August 2003

Annuity Market News archives from August 2003

At Deadlline.
August 1, 2003... NAIC Plenary to Vote on Senior Suitability Model Reg The Life Insurance & Annuities Committee of the National Association of Insurance Commissioners has approved the Senior Protection in Annuity Transactions Model Regulation in a conference...

Industry Faces Challenges on Many Fronts.
August 1, 2003... WASHINGTON The annuity industry faces fundamental challenges stemming from changes in the economy and a reevaluation of products. Panelists in one roundtable discussion addressed these issues here at the Regulatory Affairs Conference,...

Investors Adopt Conservative Strategies.
August 1, 2003... After three years of being clawed by the bear market, even the most steel-nerved investors have started kicking the tires of conservative investment vehicles. And variable annuity providers have begun modifying their subaccounts to accommodate...

$2.4 Trillion IRA Market Up for Grabs.(Brief Article)
August 1, 2003... Mutual funds could lose their stranglehold on the multi-trillion dollar IRA market to insurance companies, according to a new study from Conning Research of New York. Insurers are in a strong position to challenge mutual funds' dominance...

Senior Suitability Reg Set for Fall NAIC Vote.(National Association of Insurance Commissioners)
August 1, 2003... New York Despite the appearance of some hiccups, a senior annuity sales suitability model regulation will be approved in time for the fall meeting of the National Association of Insurance Commissioners (NAIC) of Kansas City, Mo. Merwin...

Odenath Melds Skandia's, Pru's Distribution.(Interview)
August 1, 2003... Last year, Prudential Financial surprised the annuity world with its announced acquisition of American Skandia for $1.3 billion. The Shelton, Conn.-based business had been rumored to be on the block for some time, and its falling ratings raised...

Lincoln Financial Nabs Munson From Fidelity.(Brief Article)
August 1, 2003... Lincoln Financial Distributors has hired Shipley Munson as vice president of campaign marketing. Munson most recently served as senior vice president at Fidelity Investments, where he also worked on developing marketing campaigns. At...

Jackson National Builds Life Team With Six Hires.
August 1, 2003... Jackson National Life has hired a new life product manager and hired five additional wholesalers in an effort to boost its life insurance business, which it regards as a core business. "In difficult economic times, it's good for companies...

Pretty Joins Old Mutual From Union Central Life.(Brief Article)
August 1, 2003... Richard C. Pretty is now president of product development and strategy at Old Mutual U.S. Life. Pretty comes from Union Central Life, where he managed all aspects of the individual annuity business as vice president and individual annuities...