Annuity Market News articles from June 2001

Annuity Market News archives from June 2001

Variable Sales Sink in First Quarter.(Brief Article)(Statistical Data Included)
June 1, 2001... As uncertainty in the equity markets continued during the first quarter of 2001, sales of variable annuities declined. First quarter sales fell 23.4 percent compared to the first quarter a year ago and 8.8 percent from the last quarter of...

Equity Indexed Annuities Sales Rise.(Brief Article)(Statistical Data Included)
June 1, 2001... Sales of fixed annuities with their returns tied to the performance of stock market indices, showed modest growth last year, despite volatile equity markets. Sales of equity indexed annuities increased 4.27 percent in 2000 over the...

Insurer Sued for Misrepresentations.(Brief Article)
June 1, 2001... American Equity Investment Life Insurance Company of West Des Moines, Iowa and David J. Noble, the firm's chairman and president, have been named as defendants in a Kentucky lawsuit. The lawsuit charges that several of the firm's licensed...

Return to Product Simplicity Urged.(Interview)
June 1, 2001... Thomas F. Streiff is president of financial services for the ILona Financial Group, the North American subsidiary of Irish Life and Permanent PLC based in Dublin. From his Chicago office, Streiff oversees ILona's broker/dealer units, IAC...

Nationwide Deregisters Annuities.(Brief Article)
June 1, 2001... In a move expected to improve the efficiency and cut costs of two of its variable annuities, Nationwide Life Insurance has deregistered the products with the Securities and Exchange Commission. With the deregistered products, the insurer,...

At Deadline.
June 1, 2001... AIG Will Acquire American General American International Group of New York reached an agreement to acquire American General of Houston for $23 billion, AIG announced early last month. The deal between the two companies squelched...

IINVESCO Augments Wholesaling.(Brief Article)
June 1, 2001... INVESCO Funds Group of Denver has undertaken a new initiative to establish itself in the variable annuity industry. The fund group, with $37 billion under management, has been successful in having its variable investment funds included in the...

Phoenix Introduces New Annuity Payment Option.(Brief Article)
June 1, 2001... Phoenix Home Life Mutual Insurance Company of Hartford Conn. has introduced a new immediate annuity, called Phoenix Income Choice, that allows for fixed payments, variable payments or a combination of both, the company has announced. The...