Posts Tagged ‘annuity business’
Prudential Says Annuity Fees Would Make Bankers Dance
Prudential Financial Inc. (PRU), the top seller of variable annuities, said Wall Street should appreciate the fees the life insurer makes on the retirement products, even as some competitors cut sales to reduce risk. “We’re getting more than 2 percentage points of fees from the assets that are part of our annuity business,” Mark Grier, [...]
Variable Annuity Up-and-Cover Snags Hartford, Sun Life VA Veterans
Symetra Life Insurance Co. is taking another step toward raising its presence in the variable annuity world by hiring a wholesaling team from two rivals that have left the business. Th company has hired Jeffrey Jennings, James Maertz and Dinah Bird as Symetra’s wholesaling team to help promote the insurer’s True Variable Annuity, which [...]
A Giant Withdraws by Kate Kinkade
In the past month, an insurance industry giant, Hartford Life, boldly stated its immediate departure from the annuity business and the intent to sell its life insurance division. The public nature of the announcement and the move itself seems to have been at least partially catalyzed by comments from a large institutional [...]
