Annuities Industry News

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Insurance News Net

  • Transamerica And Annexus Launch Enhanced Suite Of Fixed Index Annuities March 25, 2019
    "We see fixed index annuities as a huge opportunity to expand our leadership position in the annuities market," said Joe Boan, Transamerica Chief Sales Officer. The new Transamerica Secure Retirement Index II Annuity features the NYSE ® Expanded Opportunities™ Index, which mimics the advanced quantitative finance techniques used by Morgan Stanley.. […]
  • $638.8 Million Powerball Jackpot Comes With Annuity Option March 24, 2019
    March 24-- Mar. 24-- More than half a billion dollars is up for grabs Saturday night in the Powerball, making the drawing the 7th- largest jackpot in U.S. lottery history. No winner was selected Wednesday, helping to boost the Powerball jackpot to $638.8 million. This is the 4th- largest Powerball jackpot, and about a third the size of the largest lottery pr […]
  • Illinois Supreme Court Affirms FIAs Are Not Securities March 22, 2019
    In a unanimous decision, the Illinois Supreme Court has affirmed the judgment of the Illinois Appellate Court and ruled that fixed indexed annuities are not securities under Illinois state law. The post Illinois Supreme Court Affirms FIAs Are Not Securities appeared first on InsuranceNewsNet.
    Wire Reports
  • Milliman Looks At Growth of Life/Annuity With LTC Riders March 21, 2019
    --Milliman, Inc., a premier global consulting and actuarial firm, announces the results of a first-of-its-kind, industry-wide study that examines insurers' experience with combination products– those that couple life or annuity policies with Long-Term Care or Chronic Illness riders. The study, which includes data from 11 insurers focused primarily on... […]
  • AIG Retakes Top Spot In LIMRA 2018 Annuity Sales Rankings March 21, 2019
    For the first time since 2007, AIG Companies has taken over as the top seller of annuities according to LIMRA Secure Retirement Institute. In addition, there are two new companies in this year’s top five compared to 2017 sales. The post AIG Retakes Top Spot In LIMRA 2018 Annuity Sales Rankings appeared first on InsuranceNewsNet.
  • Ameriprise Financial Offloads $1.7B Of Fixed Annuities To Global Atlantic March 20, 2019
    Ameriprise Financial issued the following news release:. Ameriprise Financial, Inc. announced today that its insurance subsidiary, RiverSource Life Insurance Company, has entered into an agreement with Commonwealth Annuity and Life Insurance Company, a subsidiary of Global Atlantic Financial Group, to reinsure approximately $1.7 billion of fixed... The post […]