Fran Lysiak | |
Source: | A.M. Best Company, Inc. |
Total third-quarter 2011 sales of variable annuities in
As the U.S. experiences a protracted low interest rate environment and "significant market volatility," some of the top annuity writers have adjusted their products and guarantees to mitigate the risks associated with the guaranteed living benefit riders on variable annuities, and "are carefully managing the amount of business they are willing to accept," said
Separately, the
When asked about the 2% drop in sales from the second quarter,
Capturing first place was
In second place again was Prudential Annuities, a unit of
Speaking during a recent
In September, the Federal Reserve instituted its "Maturity Extension Program and Reinvestment Policy," or "Operation Twist." The "plan is to push long-term rates down to spur economic activity," said
(By
Copyright: | (c) 2011 A.M. Best Company, Inc. |
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