Wednesday, May 09, 2007

 

Conseco to Divest Old Block of Fixed and Equity-Indexed Annuities

Conseco, Inc., today announced agreements under which three insurance companies in its Conseco Insurance Group unit will coinsure, with an effective date of Jan. 1, 2007, most of their older inforce equity-indexed annuity and fixed annuity business with Reassure America Life Insurance Company ("REALIC"), a subsidiary of Swiss Re Life & Health America Inc.

Conseco to Divest Old Block of Fixed and Equity-Indexed Annuities
Source: PR Newswire

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