Insurance industry
Nationwide Gains Distribution will put its own name on insurance and retirement products for use by the independent financial advisors of Waddell & Reed Financial. Meanwhile, Jackson National has introduced an Indexed Fixed Option in its Perspective and Defined Strategies variable annuities, linking returns to the S&P 500
Insurance industry
Investor Broadcast Network, founded as Vcall in 1997, is revolutionizing the way investors interact with publicly traded companies. Through its webcasting platform, the company provides live and on-demand access to investor relations conference calls, allowing investors to stay informed and make informed decisions. As of October 2000, Investor Broadcast Network
Insurance industry
The German parliament's passage of a comprehensive tax reform in July has brought relief to corporate Germany, as the new legislation abolishes capital gains tax on companies that sell their shareholdings in other joint stock companies after holding them for more than a year. This reform is expected
Insurance industry
Entergy Corporation, a major global energy company, has filed with the Federal Energy Regulatory Commission an application for approval of the transfer of its transmission assets to an independent transmission company, or Transco. This move is aimed at complying with FERC Order No. 2000, which requires certain public utilities to
Insurance industry
BenefitMall.com has made a significant stride in enhancing the efficiency of its network of registered small group brokers by providing wireless access to multi-carrier quotes. This innovative move continues BenefitMall's track record of adopting new technologies to facilitate insurance brokers' productivity in a fast-paced and competitive
Insurance industry
Fidelity National Financial, Inc. has partnered with nCommand to provide lender services through its value-added network, utilizing nCommand's Mortgage Electronic Partner Network (EPN) to automate and synchronize intercompany business processes. This partnership enables lenders to electronically access Fidelity's extensive suite of mortgage products, including credit reporting,
Insurance industry
The Principal Financial Group, the nation's 401(k) leader, has chosen a solutions partnership with Sapiens and IBM to enhance its current systems on the web, significantly reducing costs and improving client satisfaction. The system, which utilizes Sapiens eMerge solution and an IBM S/390 enterprise platform and
Insurance industry
As more medical data move online, concerns about liability for innocent coding mistakes and violations of patient confidentiality are growing. Several e-health and Internet computer security companies are offering insurance protection against financial losses caused by their products, seeking to capitalize on physicians' fears. However, experts warn that these
Insurance industry
American Trans Air, Inc. (ATA) has finalized the sale of $30 million in preferred convertible equity to International Lease Finance Corporation (ILFC), a wholly-owned subsidiary of American International Group, Inc. (AIG). As part of a previously announced financing package, the sale will support ATA's purchase of new aircraft,
Insurance industry
Interlink Networks, a leading developer of Authentication, Authorization, and Accounting (AAA) products, has secured $5 million in funding from top investors Mustang Ventures, Nokia Internet Communications, and Arbor Venture Partners II to further develop its AAA technology and drive standards-based infrastructure. This strategic investment aims to enable seamless, transparent, and
Insurance industry
Citigroup, the most global financial services company, has announced the appointment of Barbara Yastine as Chief Financial Officer of Salomon Smith Barney and Citibank's Global Relationship Bank. With an impressive financial background and experience in global financial management, Yastine will report to Michael Carpenter, Chairman and Chief Executive
Insurance industry
The Scottish Provident Institution, a life insurer, has kept silent on reports of a potential sale to Abbey National plc, despite being under pressure to consider demutualization. The company is currently undergoing a review to determine whether its board will recommend converting the company from a mutual to a stock-owned
