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 …
With $30 billion of sales in 2009, indexed annuities set a record for the highest sales of all time, according to “2009 Indexed Annuity Sales Set Record” from Insurance News Net. The previous record from 2007 was beat by close to 10%. Data representing 99% …
Investment News‘ Darla Mercado summarizes the variable and fixed annuity sales of 2009 in her article “Banks’ annuity fee income rose, FA sales fell in ’09 3Q.” Through the first three quarters of last year, bank holding companies saw the fee income from their annuity …
According to Investment News, ING is replacing their variable annuity product with a more simplified version. In “ING to sell stripped-down VA with stripped-down commission,” Darla Mercado gives details about the new product. As of March ING will no longer market its traditional variable annuities. …
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