IFAwebnews » assets

N.Y.-based reinsurance firm selects J.P. Morgan as assets custodian

IFAwebnews Staff — Thu, 13 May 2010 12:22:49 +0000

Transatlantic Holdings, an international reinsurer based in New York, has appointed J.P. Morgan Worldwide Securities Services to provide global custody for the majority of its invested assets worldwide, whose estimated value is $11 billion.

N.Y.-based reinsurance firm selects J.P. Morgan as assets custodian via IFAwebnews.

Many retirees’ financial security jeopardized by advisors’ inaction

IFAwebnews Staff — Tue, 20 Apr 2010 11:55:55 +0000

A failure by many financial service professionals to ask key questions about retirees’ plans for the future “could jeopardize” the financial future of those clients.

Many retirees’ financial security jeopardized by advisors’ inaction via IFAwebnews.

Report: FINRA to close GunnAllen, leave 400 unemployed

IFAwebnews Staff — Tue, 23 Mar 2010 12:26:54 +0000

A move by the Financial Industry Regulatory Authority to close broker-dealer GunnAllen Financial is resulting in more than 400 financial advisors searching for a new employer.

Report: FINRA to close GunnAllen, leave 400 unemployed via IFAwebnews.

IWIF board, executives back conversion to nonprofit mutual company

Bob Graham — Thu, 18 Feb 2010 18:09:55 +0000

The leadership of the Injured Workers Insurance Fund has indicated its support for a proposal to convert the insurer from a quasi-state agency to a nonprofit mutual insurance company.

IWIF board, executives back conversion to nonprofit mutual company via IFAwebnews.

Life insurance bruises likely not to heal soon

IFAwebnews Staff — Thu, 11 Feb 2010 14:00:44 +0000

The life insurance sector is the darling among its financial service peers, according to a new analysis from A.M. Best.

Life insurance bruises likely not to heal soon via IFAwebnews.

John Hancock Financial streamlines its operations

Bob Graham — Wed, 06 Jan 2010 14:15:16 +0000

John Hancock Financial has realigned its operations, reducing its primary operating life insurance companies from five to three.

John Hancock Financial streamlines its operations via IFAwebnews.

Lincoln Financial completes sale of Delaware Investments asset unit

Keith L. Martin — Tue, 05 Jan 2010 16:28:17 +0000

Lincoln Financial Group has announced that it has completed the sale of asset management subsidiary Delaware Investments to an Australian company for $451.8 million.

Lincoln Financial completes sale of Delaware Investments asset unit via IFAwebnews.

Variable annuity industry hits ‘turning point,’ expert says

Bob Graham — Mon, 07 Dec 2009 14:00:07 +0000

The net assts of the U.S. variable annuity industry posted an increase for the first time in five quarters, leading one industry expert to suggest a “turning point.”

Variable annuity industry hits ‘turning point,’ expert says via IFAwebnews.

Ratings agencies put GEICO, Gen Re under watch over railroad deal

IFAwebnews Staff — Tue, 10 Nov 2009 13:30:45 +0000

A pair of rating agencies is keeping its eyes on three Berkshire Hathaway subsidiaries as the company looks to acquire a majority share in the Burlington Northern Santa Fe railroad.

Ratings agencies put GEICO, Gen Re under watch over railroad deal via IFAwebnews.

Survey: Life insurers’ results to sag as fixed-income securities fall

Bob Graham — Mon, 31 Aug 2009 10:00:37 +0000

The depressed market value on fixed-income securities is expected to hurt the financial performance of life insurance companies, according to a survey of their chief financial officers.

The survey, conducted by ... Read →

Survey: Life insurers’ results to sag as fixed-income securities fall via IFAwebnews.