Banks

Fixed Annuity Market Challenges

A very good article from Darla Mercado at Investment News discusses the current challenges that insurers face in the

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Bank Annuity Sales

Banks are a powerful source of annuity sales.

The most recent quarterly results for bank annuity sales was $582.6 million.  This amount represents income from fees and commissions on product sales, and it is a decrease of 20.7 percent from the previous year's quarterly figure of $734.5 million.

The Opportunity of a Lifetime for Life Insurers

There currently exists what would appear to be a once in a lifetime opportunity for life insurance companies who are essentially the manufacturers of asset decumulation products such as annuities.

Longevity Market Leaps Ahead with Launch of Life and Longevity Markets Association

A group of banks and insurance companies recently formed a London-based trade group called the Life and Longevity Markets Association (LLMA). The LLMA aims to develop a liquid market for longevity risk that taps into broader capital markets rather than just the balance sheets of certain insurers and reinsurers. A core focus will be on longevity swaps and making the longevity swap transaction process more efficient. Longevity swaps serve as a risk transfer alternative to pension buyouts. The...

New York Fed Makes Goldman Sachs Whole at Taxpayers' Expense

In a very interesting piece of investigative journalism, Bloomberg is exploring the link between decisions made by the New York Fed under Treasury Secretary Timothy Geithner and billions of taxpayer dollars directed to select investment banks--including Goldman Sachs--at the height of the financial crisis in November 2008. Under Geithner's leadership, the New York Fed made a decision to reimburse several banks in full for counterparty positions in credit-default swaps with AIG. Bloomberg...

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