Annuity Market News articles from June 2004

Annuity Market News archives from June 2004

VAs Profitable, But Mergers Lie Ahead.(Conning Research and Consulting of Hartford)
June 1, 2004... A pair of just-released studies indicates that variable annuity issuers are on the profit comeback trail. But expect some larger industry mergers and acquisitions. Both studies are by Conning Research & Consulting of Hartford, Conn. One...

Multicultural Sales Must Start at the Top.(insurance industry)
June 1, 2004... LAS VEGAS - Selling to multicultural markets isn't as simple as maintaining stockpiles of marketing materials in Spanish, Chinese or other languages. After all, "African Americans speak English. The difference in multicultural markets is not...

NASD Proposes Rule For VA Sales Suitability.(National Association of Securities Dealers, variable annuities)
June 1, 2004... The National Association of Securities Dealers is proposing suitability regulations for sellers of variable annuities. The announcement comes in the wake of a National Association of Insurance Commissioners suitability model for sales to...

ING Launches Two-Tier Equity Index Annuity.(ING America Life Corp.)
June 1, 2004... Equity index annuities (EIAs) have a reputation in the industry of being overly complicated and potentially confusing for agents and consumers alike. Two-tier annuities, less common and certainly less prominent than EIAs, have also received...

People Moves.(Appointments)
June 1, 2004... Forde Heads New Division At MassMutual Life Massachusetts Mutual Life Insurance Co. has created a new unit called the Savings Products Division to serve the aging Baby Boomer population. Products from the unit will be intended to generate...

Poolman Looks to Modernize State Regs.(Jim Poolman)(Interview)
June 1, 2004... Jim Poolman may be the youngest insurance commissioner in the country, but he's certainly not the quietest. Last year, Poolman, insurance commissioner of North Dakota, shook things up in the Life Insurance and Annuities Committee of the...

Another Outstanding Year for Index Annuities.(Advantage Compendium )
June 1, 2004... Record-setting fourth-quarter sales topped another strong year for index annuities in 2003. Sales in last year's final quarter reached $3.73 billion, 12% higher than the previous quarter and an increase of 9% over the same period a year...

Harry Nikpour Promoted to Associate Publisher.(Brief Article)
June 1, 2004... Thomson Media, publisher of this newsletter, has promoted Harry Nikpour from advertising sales director to associate publisher of the investment management newsletters. In this role, Nikpour's advertising responsibilities will be broadened to...