Monthly Archive: February 2019

AIG Reports Fourth Quarter 2018 Results

Net loss of $622 million, or $0.70 per share, for the fourth quarter of 2018, compared to net loss of $6.7 billion, or $7.33 per share, in the prior-year quarter. Adjusted after-tax loss of...

Brighthouse Launches First Life Product Since MetLife Spinoff

Brighthouse Financial today launched Brighthouse SmartCareSM, an indexed universal life product with a long-term care rider. The combination ensures that even if customers don’t use the LTC benefit, they get value through the guaranteed death...

The bias that makes retirees shun annuities

Even if the products offer sustained income benefits, one psychological bias holds people back from buying them

NAIC Group Puts IUL Illustration ‘Multipliers’ Under Microscope

State insurance regulators debated risk and reward and how much of the former consumers should take on in pursuit of the latter when purchasing indexed universal life products. A National Association of Insurance Commissioners’ subgroup...

Bermuda Life Insurance Sector Marks 2018 Growth

HAMILTON, Bermuda , Feb. 12, 2019 (GLOBE NEWSWIRE) — Bermuda’s long-term insurance and reinsurance industry is marking a banner year of increased company registrations, driving vital job growth in the jurisdiction. Members of BILTIR...

Former advisor fined $175,000 for misconduct

The Mutual Fund Dealers Association of Canada has announced that a former advisor has been sanctioned with a permanent ban and a fine of $175,000 for misconduct.

RBC GAM announces new sub-advisor appointment

RBC Global Asset Management Inc. has announced that Beutel, Goodman & Company Ltd. has been appointed as sub-advisor of RBC Private Canadian Growth & Income Equity Pool. The name of the Pool will also...