Insurance

Insurers lead on Boomer income programs

(April 2007) Sun Life announced earlier this month that it will take on its rival Manulife by offering a guaranteed minimum withdrawal benefit product that will compete with Manulife’s hugely popular IncomePlus. The move doesn’t surprise industry observers, who say the battle for position is just getting under way. GMWBs are a relatively new product […]

By Mark Noble |April 23, 2007

5 min read

Insurance industry fights graying trend

(March 2007) The insurance industry is in trouble. Brokers are getting older, new entrants to the industry are scarce, products are becoming more complicated, and those left to decipher them in the sunset of their careers don’t care to learn them. Demographers have a word for it: bust. This is neither sustainable nor healthy for […]

By Mark Brown |February 28, 2007

4 min read

Topping up

(February 2007) If 2006 was the year of the CEO with their fat compensation packages — and let’s face it, what year isn’t — 2007 might be the year of insurance top-ups. Insurers see disability insurance and specialty products like income replacement as offering best opportunities for growth this year. The demand for specialized products […]

By Al Emid |January 31, 2007

3 min read

Takeover preserved London Life brand

(October 2006) Nearly a decade after being acquired by Great-West Lifeco, London Life Insurance continues to grow while building both its assets and presence in the Canadian market. Ray McFeetors, CEO of Winnipeg-based Great-West Lifeco, says it was always his intention to maintain the London Life brand after its $2.94 billion acquisition in November 1997, […]

By Geoff Kirbyson |October 2, 2006

6 min read