Posts Tagged ‘Insurance’
AXA Warns as Cost of Annuity Hedging Skyrockets
Tuesday, November 25, 2008 7:56 1 CommentThe annuity shoe is about to drop!
(MarketWatch.com) Shares of AXA dropped as much as 17% in Paris as the French insurance giant shaved about a quarter of this year’s underlying earnings assumptions as the world’s market gyrations produced fewer asset fees and made it more difficult to pay out on annuities.
The insurer added that the [...]
Charts of the Week
Saturday, November 22, 2008 20:12 No CommentsNo sign of a bottom! The S&P 500 Index has violated it’s 2002 lows. The financial sector remains in free fall. Hartford Insurance appears to be the next AIG, and Citigroup the next Lehman.
The Dow Jones Industrial Average is coming close to it’s moment of truth, a test of it’s 2002 lows. A breach of [...]
The Coming Annuity Crisis: Will You be a Casualty?
Wednesday, November 19, 2008 22:25 4 CommentsAre you one of the millions of Americans that has a portion of their retirement assets in annuities? If so, you MUST read this.
Thanks to their hefty brokerage commissions, annuities have become one of the most widely sold and marketed financial products in the US today. Variable annuities have upfront sales costs which range from [...]
