Monday, August 21, 2006
Equity Index Troubles Spark Allianz Layoffs
Broker-dealer anxiety over complying with NASD regulation is causing once-highflying equity index annuities to lose some of their luster, prompting layoffs at the industry's largest EIA insurer.
Minneapolis-based Allianz Life Insurance Company of North America, which specializes in EIAs and has a 33% market share, this month said that it was laying off 200 employees - about 7% of its U.S. workforce.
Equity Index Troubles Spark Allianz Layoffs
Source: Investment News (subscription required)
Minneapolis-based Allianz Life Insurance Company of North America, which specializes in EIAs and has a 33% market share, this month said that it was laying off 200 employees - about 7% of its U.S. workforce.
Equity Index Troubles Spark Allianz Layoffs
Source: Investment News (subscription required)
Permalink posted by armandn @ 8:03 AM 
 |
 |  |
  |
