According to Investment News’ article “NY Life tops 2Q list of fixed-annuities sellers” by Darla Mercado, fixed annuity sales increased from the first quarter of this year to the second quarter. With sales of $19.4 billion in the second quarter, fixed annuity sales increased 18% …
Allianz Life Insurance Co. of North America, based in Minneapolis, is very happy with their second quarter premiums. While their operating profit decreased due to a difficult economic situation, premiums were higher than Allianz had anticipated. Sales of variable annuities were 44% higher than in …
Aviva USA has a new executive vice president of insurance operations. The company, based in Des Moines, is part of the fifth largest insurance group in the world, Aviva plc. By introducing Christopher R. Welp into this position on August 30, Aviva plans to keep …
It looks like the battle is over for fixed indexed annuities and other indexed annuity products. The U.S. Securities and Exchange Commission said they would have to reevaluate their information after the U.S. Court of Appeals vacated the SEC’s Rule 151A. The SEC had hoped …
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