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News For: Pacific life AnnuityLife insurance industry’s revenue is growing steadily THE life insurance industry revenue grew by 14% during the first half of this year compared to the same period last year, despite a slowdown in consumer spending due to high inflation and interest rates. NY Governor to Reduce Blind Annuity In the latest effort to reduce state spending, Governor David Paterson is reducing the "blind annuity" payments. An ironic move - considering the governor is legally blind himself. NAVA Reports Second Quarter Variable Annuity Industry Data RESTON, Va.----NAVA, the Association for Insured Retirement Solutions®, today announced second quarter results for the variable annuity industry. The combined net assets of U.S. variable annuities increased 0.1% to $1.41 trillion at the end of the second quarter, as compared with the end of the first quarter of 2008. Why changes on Wall Street are not life-changing. When the 158-year-old investment banking firm Lehman Brothers filed for Chapter 11 protection, your life didn't change. In fact, unless you work for the company or own a significant amount of their stock or bonds, you’ll probably feel very little fall-out from the bankruptcy. Standard Life to automate account opening with SWIFT Standard Life Savings has announced that it will provide a platform to automate the account opening process with the Society for Worldwide Interbank Financial Telecommunication, paving the way for the industry to connect and exchange financial information. Advertisement starts Reserve deal, did not identify which of AIG’s many operating units might be up for sale. Its aircraft leasing unit, International Lease Finance Corp, and its large U.S. life insurance and annuity arm American General, which it bought in 2001, could be top of the list, analysts said. Nomura Agrees to Acquire Lehman's Operations in Asia-Pacific Sept. 22 -- Nomura Holdings Inc. agreed to buy bankrupt Lehman Brothers Holdings Inc. 's Asia-Pacific unit, seizing on Wall Street's crisis to speed up a push to become a global investment bank. Citigroup May Sell Primerica to Flowers, Protective (Update1) Sept. 24 -- Citigroup Inc. , the U.S. bank seeking to shed assets, may sell its Primerica life insurance unit to J.C. Flowers & Co. and an Alabama insurer, people with knowledge of the talks said. |


