Annuities

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• ING US 1Q loss narrows Thursday, 23 May 2013 | 12:58 PM ET

  NEW YORK-- The financial services company ING U.S. Inc. said Thursday that its first-quarter loss narrowed, helped by better results at its retirement and annuities businesses. ING U.S. is part of Dutch financial services provider ING Groep NV.

• Lawyers: RI client truthful when he pleaded guilty Wednesday, 15 May 2013 | 10:57 AM ET

  PROVIDENCE, R.I.-- Two lawyers testified in federal court on Tuesday that they believe their former client was truthful when he pleaded guilty to wire fraud and conspiracy in a case alleging he used the identities of terminally ill people to illegally obtain tens of millions of dollars through variable annuities and so-called "death-put" bonds that would pay out when a person died.

• Fitch Maintains Rating Watch Negative on Athene's IFS Rating Thursday, 2 May 2013 | 5:10 PM ET

  Fitch placed Athene on Rating Watch Negative on Dec. 21, 2012 following the company's announcement that Athene Holding Ltd. would be acquiring the U.S. annuity and life operations of Aviva PLC for $1.55 billion. Following close, Aviva USA's insurance operations will become wholly owned subsidiaries of Athene.

• UPDATE 3-Sun Life sells U.S. annuity business, shares drop Monday, 17 Dec 2012 | 4:34 PM ET

  *Shares fall 3.9 pct on Toronto Stock Exchange. TORONTO, Dec 17- Sun Life Financial Inc will sell its U.S. annuity business for $1.35 billion to a firm connected to Guggenheim Partners in a deal that should reduce the exposure of the insurer's earnings to market swings and boost its cash levels.

• UPDATE 2-Sun Life to sell U.S. annuity business, shares fall Monday, 17 Dec 2012 | 12:41 AM ET

  *Guggenheim Partners unit to pay $1.35 bln for business. TORONTO, Dec 17- Sun Life Financial Inc will sell its U.S. annuity business for $1.35 billion to a unit of asset manager Guggenheim Partners in a deal that should reduce the exposure of the insurer's earnings to market swings and boost its cash levels.