In an ironic twist for insurance companies globally, the very product upon which they were building their futures is tying up their capital and potentially hampering growth. Segregated funds, including those with payout options (called variable annuities in the U.S. and Britain and guaranteed minimum withdrawal benefit products in Canada), are hampering insurers everywhere, including […]
Insurance giant posts US$24.5 billion loss
U.S. house prices should stabilize in the first half of 2009
Fund assets drop 10% during market turmoil: IFIC
Measures aimed at helping companies deal with market turmoil
“Express” deals are the result of companies making opportunistic acquisitions in light of the global credit turmoil
Senior executives to take pay cut
Canada remains in a strong position to deal with the continuing financial crisis
Despite professing a tolerance for risk during good times, the market downturn reveals that clients need a balanced portfolio
Best-guess estimates put financial system bailouts as high as US$6 trillion