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The latest annuity market trends, sales data, and product news.

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Three brokers and five insurance companies sold an elderly man annuities that were unsuitable, his widow claims in a New York lawsuit.

The widow of a New York City man who committed suicide last summer by jumping off a building is suing three brokers and five companies for allegedly selling him improper annuities.

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Lincoln Financial, a leading provider of insurance, annuities, group benefits and retirement solutions, has hired industry veteran Tom Morelli as Vice President, Investment Distribution. Tom Morelli, Source: Lincoln Financial. Morelli will focus on supporting the distribution of Lincoln’ s suite of more than 100 sub-advised variable insurance funds, mutual…

"Our son sustained a horrible injury during birth that will require life-long medical care. Insurance companies issued about $2.6 billion of these specialized annuities from July to September, according to John Darer, a Connecticut structured settlement expert. Darer sees demand for structured annuities topping $9 billion this year.

MetLife, Inc. (NYSE: MET) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved 5.27% on the day to $84.56. MetLife, Inc., a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through five segments: U.S.; Asia; Latin America; Europe, […]

Majesco, a global leader in cloud insurance technology, has once again been recognized as the top technology leader in the 2024 SPARK Matrix™ by QKS Group for both L&A and P&C Insurance Platforms, following the similar recognition in 2023. Majesco’s cloud-native platforms earned top scores across multiple parameters, reflecting its leadership and…

MetLife, Inc. and General Atlantic today announced the formation of Chariot Reinsurance, Ltd., a to-be-registered Class E Bermuda-based life and annuity reinsurance company. Going forward, MetLife Investment Management and General Atlantic will exclusively provide asset management services to Chariot Re. MetLife Investment Management, with expertise…
Image shows money and a gavel.
Three brokers and five insurance companies sold an elderly man annuities that were unsuitable, his widow claims in a New York lawsuit.

The widow of a New York City man who committed suicide last summer by jumping off a building is suing three brokers and five companies for allegedly selling him improper annuities.

Allianz Life Insurance Company of North America announced today that its in-plan annuity solution will be available through the nation’ s second-largest retirement plan provider, Empower. Together with Empower, an industry leader and trusted wealth and retirement services provider with over $1.6 trillion in administered assets, Allianz Life could…

This collaboration marks an industry first by introducing Luma’ s advanced technology into AIN Essentials in a single sign-on environment, providing all AIN Affiliates with instant access to an unparalleled suite of resources. “By partnering with Luma, we are ensuring that AIN Affiliates have simplified access to the most advanced technology available,”…

Shares of MetLife, Inc. (NYSE: MET) traded at a new 52-week high today and are currently trading at $87.29. So far today, approximately 337.29k shares have been exchanged, as compared to an average 30-day volume of 3.21M shares. MetLife, Inc., a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It […]
annuities

Representing 45% of U.S. annuity sales, record-high fixed indexed and registered index-linked annuity sales propelled the continued growth in the U.S. annuity market in the third quarter.

Legal& General has completed $2.2 billion of Pension Risk Transfer business in the US this year, making 2024 its largest year on record in the US market. Legal& General completed its first Canadian PRT transaction in 2019 through its reinsurance entity, Legal& General Reinsurance. This includes Legal& General’ s largest Canadian transaction to date, valued at CAD…