Posts Tagged ‘widening gap’

AXA Warns as Cost of Annuity Hedging Skyrockets

Tuesday, November 25, 2008 7:56 1 Comment

The 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 [...]

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