PWsub12012
 
Insurance
 
Frank Crystal Unveils Program To Cover High-End Collectibles
By Karen DeMasters - Wednesday, 21 December 2011
Frank Crystal & Company recently announced it created its Art Finance Group to help investors obtain proper insurance for fine art and other collectibles such as wine and jewelry.
 
Sun Life To Stop Selling U.S. Variable Annuity Products
Monday, 12 December 2011
Sun Life Financial Inc. (SLF), Canada’s third-largest insurer, plans to stop selling variable annuities and individual life insurance products in the U.S. 

 
Hartford To Sell Placement Unit To Philadelphia For $118M
Monday, 12 December 2011
Hartford Financial Services Group Inc., the insurer that repaid a $3.4 billion bailout last year, agreed to sell a unit serving wealthy clients to Philadelphia Financial Group Inc. for $117.5 million.
 
Millionaires Elbow Insurers Out Of Alpine Property Market
Monday, 12 December 2011
Swiss insurers are finding property investments less profitable as millionaires push up apartment prices in Geneva, Zurich and Basel.
 
Annuities In Estate Planning
By Mary Ann Mancini, John L. Olsen and Melvin A. Warshaw, November 2011 issue
Annuities are often shunned by estate planners, but there are circumstances in which they can be useful, even in the largest estates.
 
The Rockin' Renaissance Man
By Thomas M. Kostigen, November 2011 issue
He’s best known for his serpentine tongue and devilish makeup, but Gene Simmons is a dead serious businessman.
 
Court Upholds 17-Year Sentence For Insurance Co. Looting
Tuesday, 25 October 2011
Martin Frankel’s 17-year prison sentence for looting $209 million from seven U.S. insurance companies was upheld by the federal appeals court in Manhattan.
 
Hedge Fund Sees Opportunity In Disaster Coverage
Tuesday, 25 October 2011
Hurricane and earthquake “peak risks” avoided by reinsurers offer an opportunity for investors willing to fill the gap, according to a hedge fund specializing on insurance-linked investments.
 
BlackRock Says Insurers May Be New Loan Capital
Wednesday, 28 September 2011
BlackRock Inc., the world’s largest asset manager, said insurers may buy leveraged loans as they seek to boost portfolio returns, replacing investors that retreated from the market.
 
Health Insurers Pool $1 Trillion To Spot Trends
Wednesday, 28 September 2011
Major health insurers are pooling more than $1 trillion in claims data and creating an institute to cull the statistics and identify the drivers of higher health spending.
 
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PWinsider
Angeles Wealth Management, a Los Angeles-based RIA designed to serve high-net-worth and ultra-high-net-worth clients, has been created by Angeles Investment Advisors and Jonathan Foster. 
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Federal regulations placing more restrictions on the operation of single-family offices is going to prompt more ultra-high-net-worth families to consolidate or restrict their offices, said Joe Calabrese, CEO of Harris myCFO.
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HighTower has brought on a new partner from Morgan Stanley Smith Barney, where he headed a team that managed about $2.5 billion. 
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PWinsider
Financial advisors who want to succeed with women clients need to treat them as individuals, not as a group, according to a new study by the Family Wealth Advisors Council.
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Most high-net-worth individuals feel it is important for their advisors to know all their goals and financial wishes, but only a small percentage actually provide that information, according to a new survey.
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