Annuity Market News articles from July 2005

Annuity Market News archives from July 2005

At Deadline.(variable annuity assets )(Brief Article)
July 1, 2005... Q1 Net Flows Plummet To $3.1B, Half of Q104 For the first quarter of this year, variable annuity assets were up, but sales were down and net flows were half what they were last year, according to the National Association for Variable...

Selling Retirement Income Right.
July 1, 2005... HILTON HEAD, S.C.-Selling the benefits of retirement income management has been a challenge that insurers have been trying to meet through both variable annuities and, to a lesser degree, variable life insurance. "We are not selling the...

Index Annuity Bank Sales Exploding.
July 1, 2005... A "perfect storm" of economic conditions has created a furious market in banks for index annuities (IAs), according to industry experts. They contend that low returns on certificates of deposit (CDs) and fixed annuity products, turbulent...

Reaching Boomers: It's More Than Product.
July 1, 2005... The financial services industry is facing a test, in the form of 78 million retiring Baby Boomers. Every company wants to pass with flying colors, but providing retirement income is a different proposition from planning for retirement. Mutual...

M&A: Mid-Size Mergers Among Large VA Carriers Likely.(mergers and acquisitions)(variable annuity )
July 1, 2005... Expect more mergers and acquisitions of mid-size insurance companies with large books of variable insurance business. Although consolidation is apt to be slow, several scenarios could play out this year, according to a new study by Conning...

Reserving Rule May Drive M&A.(mergers and acquisitions)
July 1, 2005... Risk management used to just be the bailiwick of actuaries, but now it is a key concern for all areas of an annuity carrier's business. In fact, it may now play an even larger role in driving mergers and acquisitions, said Hubert Mueller,...

Fidelity Retirement Income Advantage.
July 1, 2005... Many successful models will emerge in the race to provide retirement income management to retirees, but by talking to the competition, the first company to gain major ground in this respect is Fidelity Investments of Boston. In October of 2004,...