In this latest installment in our 'Bermuda Triangle' series, we ask why US life/annuity companies would reinsure liabilities in Bermuda, and why big private equity firms are creating reinsurers in Bermuda to buy US-based life/annuity companies. It's complicated.
In this blogpost from McKinsey, chief distribution officer Tim Gerend and chief customer officer Christian Mitchell explain the process of rolling out a new adviser/client interface that facilitates the combination of insurance and investment products in financial plans.
'Among other things, the legislation would require employers without employer-sponsored retirement plans to automatically enroll their employees in IRAs or 401(k)-type plans,' according to a report today in the NAPA-Net newsletter from the National Association of Plan Advisors.
On August 9, a new Bermuda-based reinsurer created by Brookfield Asset Management (owner of that upscale mall in lower Manhattan) bought American National Life for $5.1 billion and Global Atlantic's Bermuda-based subsidiary bought blocks of life policies from two units of AXA China.
Jackson National enhances retirement income gap calculator; Ubiquity introduces 401(k) for ‘solopreneurs’; 'Income Lab' adds $1.7 million in seed financing; Many women prefer goal-based investing: Cerulli and Schwab; FIG to offer ‘Quinci’ education, planning and distribution platform; RGA completes EUR3.3bn pension risk transfer deal.