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Former Pimco parent Pacific Life moves accounts to Janus
Pacific Life Insurance Co., the insurer where Pimco was started as a bond unit in 1971, is moving money from Bill Gross's old firm to Janus Capital Group, which the bond legend joined last month.
Indexed universal life insurance faces fresh scrutiny
Regulators homing in on whether insurers are presenting a picture of performance that's too rosy.
Wintrob to join Oaktree Capital as CEO
Former AIG Life and Retirement executive to oversee nonfinancial operations at alternative investment shop.
FSI offers long-term disability, life insurance to members
Program guarantees members coverage at a group rate FSI has secured as the plan sponsor.
Life insurance companies ranked by direct premiums
Company2013 total direct premium2013 market shareMetropolitan$11,503.67.98%Northwestern Mutual$9,436.06.55%Prudential of America$8,341.95.79%New York Life$7,812.15.42%Lincoln National$6,144.54.27%MassMutual Life Insurance$5,077.73.52%John Hancock$4,849.43.37%Aegon U.S. Holding $4,065.22.82%State
Long-term care carriers
CompanyNew 2013 PoliciesNew 2013 Annualized premiums ($M)In-force Policies, 2013In-force Annualized premiums ($M), 2013Bankers Life and Casualty 1, 27,248$12.0 283,996$476.3 Genworth Financial 353,974$133.8 1,209,869$2,508.8 John Hancock Life Insurance 313,305$36.2 604,889$1,394.9 Knights of
One of industry's last holdouts, NAIFA elects its first female president
With women representing only 11.5% of advisers, trade group plans to highlight women in industry.
GAO report calls for more disclosure of managed accounts in 401(k)s
The Labor Department should require providers to share more on fees, performance and benchmarking, GAO says.
Can an adviser affiliated with an insurance company be fee only? Yes.
State rules on insurance affiliation complicate fee-only status for some CFPs.
Treasury allows longevity annuities in retirement plans
The Treasury Department announces a rule that will allow retirement plan participants access to deferred-income annuities, also known as longevity insurance.
The $20 billion MainStay Marketfield fund's chicken or egg problem
Fund performance sagged as assets ballooned and performance sagged – but the manager says his bad bets were the culprit.
AIG promotes Peter Hancock to CEO, replacing Benmosche
After paying off $182.3 billion bailout, insurer focused on property-casualty coverage, life insurance and retirement.
Hartford Financial Services Group names a new CEO
Insurer Promotes CFO to replace previous CEO following a medical procedure related to a brain tumor.
Outlook for life insurance positive, depending on rates
Analysts optimistic as long as insurers watch the credit quality of investments and rates rise gradually.
Japan's Dai-ichi Life to buy Protective Life for $5.7 billion
Protective CEO and management team will remain in place; deal creates 13th-largest global insurer.