January 2011 extras
Managing general agents adapt to de-accumulation
Normand Morin, Chief Executive Officer of Investissements Excel, calls de-accumulation a breakpoint that can work in advisors’ favour. At this point, clients are more available and more receptive to information. “Not so long ago, people were not interested in managing their investments. They met with their advisor for one hour, […]
Jean St-Gelais leaves post at Quebec Financial Services Regulator
Jean-St-Gelais is leaving his job as CEO of the Quebec financial services regulator, the Autorité des marchés financiers (AMF), as well as his position as president of the Canadian Securities Administrators (CSA). He will head the new Quebec Revenue Agency, recently established by the provincial government. He will start in […]
US life insurance industry recovering
In a report released on Dec. 10, ratings agency A. M. Best noted that the American life and health insurance industry’s net premiums had increased 2.6% over the first nine months of 2010, to a total of $424.2 billion. This is the first increase in net premiums since the end […]
U.S. Life reinsurance stable
A. M. Best says that it is maintaining a stable outlook for the US life reinsurance sector. In a recent report, the ratings agency points out that life reinsurers have only taken on modest volumes of annuity business and separate account products, which means they are not under pressure to […]
