Meet MassMutual’s Bermuda Reinsurer
MassMutual helped finance Martello Re, the $1.65bn Bermuda reinsurer that just reinsured $14bn worth of MassMutual's in-force fixed-rate and fixed index annuities, and recruited Dennis Ho to be its CEO.
Anecdotal Evidence
What’s the Deal with (Annuity) Reinsurance?
The use of "modified coinsurance" or "funds withheld" reinsurance is helping certain issuers of fixed indexed annuity conserve capital and take more investment risk. Its a strategy that can boost annuity sales and profitability.
For Jackson National Life, 2021 was a pivotal year
In reporting its fourth quarter and full-year 2021 results, Jackson National Life marked its separation from Prudential plc, its listing on the New York Stock Exchange, and $3.2 billion in net income, up from a loss of $1.6 billion in 2020.
Beware the Risks of ‘Pension Risk Transfer’
Thank you, Sen. Chris Murphy (D-CT), for introducing the Pension Risk Transfer Accountability Act of 2021 last week.
New Products
AIG, Innovator, and Reliance Standard announce new products
AIG and Annexus co-launched X5 Accelerator, a fixed indexed annuity (FIA) with a lifetime income option; Innovator added 'Buffer Step-Up' strategies to its lineup of Managed Outcome ETFs, and Reliance Standard issued Accumulator, a new FIA.
Life/annuity industry moving toward equilibrium: AM Best
The life/annuity industry is approaching an equilibrium between companies seeking 'to build a less capital-intensive business' and those with 'a capital-intensive business appetite,' the ratings agency said.
COVER STORIES YOU MAY HAVE MISSED
March 3, 2022
Investment, Pension, or Annuity? This Fund Is a Hybrid
Purpose Financial's Longevity Pension Fund, introduced in Canada last summer, is designed to provide sustainable income for life with liquidity of principal. Getting SEC approval for its sale as a mutual fund in the...
February 23, 2022
A Policy Dynamo Touts ‘Dynamic Pensions’
Bonnie-Jeanne MacDonald, an actuary and retirement policy expert at Canada's National Institute on Aging, claims that a non-guaranteed lifetime income tool could generate more income than any annuities. Tontines, anyone?
February 17, 2022
RIAs, 401(k)s, and Annuities: Is This the Future?
Managed accounts are one way to build annuities into 401(k) plans. Morningstar is bundling Hueler Income Solutions into its managed accounts, giving participants an easy path to an income annuity purchase.
