Wednesday, May 24, 2006

 

VA 'arms race' seen by Hartford execs

Pressure on variable annuity net flows is creating an "arms race," as insurers try to outdo each other with offers of increasingly potent lifetime guarantees and then strive to consolidate in order to subsidize those guarantees.

That was among the observations made by executives of The Hartford Financial Services Group Inc. during the company's investor conference today in New York.


VA 'arms race' seen by Hartford execs
Source: Investment News (subscription required)

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