In response to Moody’s Investors Service’s (Moody’s) downgrade of bond insurer Financial Security Assurance Inc. (FSA) to Aa3 with developing outlook, Robert P. Cochran, chairman and chief executive officer of Financial Security Assurance Holdings (FSA Holdings or the Company) and Financial Security Assurance Inc. (FSA), said: “We disagree with Moody’s on a number of points [...]

Geneos Wealth Management, Inc., a Denver-based broker/dealer serving the investment industry’s most elite financial advisors, today announced that Colorado financial advisor G5 Financial Group has joined the firm.
With offices in Centennial, Colorado Springs, Erie, Fort Collins, Greenwood Village and Lakewood, G5 Financial Group manages approximately $580 million for clients up and down Colorado’s Front Range.
“Geneos [...]

John Hancock Financial Network (JHFN),* the successful career agency arm of John Hancock Financial Services, is implementing across its national network a new innovative business model which offers financial professionals a choice of three types of affiliation, based on the level of independence and support they desire.
“After studying different distribution models in our industry, our [...]

Cincinnati Financial Corporation announced that the board of directors has declared a 39 cents per share regular quarterly cash dividend payable January 15, 2009, to shareholders of record as of December 19, 2008. The current dividend level reflects the 9.9 percent increase in the quarterly dividend rate announced by the board in February. The [...]

Continuing to evolve a new generation of whole life insurance products, Massachusetts Mutual Life Insurance Company (MassMutual) announced the introduction of updated versions of three products and riders that provide guarantees and increased flexibility for policyholders.
To view the Multimedia News Release, go to: http://www.prnewswire.com/mnr/massmutual/35997/
The three products — Whole Life Legacy 65, Whole Life Legacy [...]

No-lapse guaranteed universal life insurance has been one of the top selling products in the industry, and Nationwide Financial’s YourLifeSM ULtimate product has been a sales success since its launch in June 2006. Now the company has repriced it, making it even more competitive. Nationwide is one of the few insurance carriers that is consistently [...]

Actimize, a leading provider of transactional risk management software for the financial services industry and a NICE Systems company, today announced that the Netherlands Authority for the Financial Markets (AFM) has selected the Actimize Market Abuse Solution to improve its surveillance and supervision of the Dutch market and detect various forms of Market Abuse such [...]

A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of A (Excellent) and issuer credit ratings (ICR) of “a” of Fidelity National Financial Group (Fidelity) and its eight title insurance members. In addition, A.M. Best has revised the outlook to negative from stable and affirmed the ICR [...]

Nationwide Financial Services, announced that The Nationwide Lifetime Income Rider® (L.inc), an optional living benefit available with certain variable annuities, will now include a guaranteed annual roll-up of 10 percent, which will potentially offer consumers even more guaranteed retirement income from their variable annuity.
The enhancement to Nationwide L.inc, available with new contracts, increases the guaranteed [...]

Allstate announced it has selected Matthew Winter, 52, as president and chief executive officer of Allstate Financial. Winter will be responsible for leading Allstate Financial’s effort to provide life insurance and retirement products to middle-income Americans. He will serve as a member of the corporation’s senior management team, reporting to Thomas J. Wilson, Allstate’s chairman, [...]