The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Conseco Puts VA on the Block Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, February 04, 2002

Conseco Puts VA on the Block

Reported by Sean Hanna, Editor in Chief

Conseco has put its variable annuity business on the block. Chairman Gary Wendt has reportedly already received bids for the book of business, according to Insure.com.

The decision to drop out of the variable annuity business was made as the firm struggles to refocus its business in the face of of financial difficulties. Last year, the firm also struggled with its fixed-income investment management team after many of its key members left the firm en masse.

Wendt made the decision after deciding that the business did not fit with its core middle market customers. Conseco will continue to offer fixed- or equity-indexed annuities to satisfy the needs of that market.

Wendt's strategy to refocuses the company is reliant on reducing the levels of the firm's debt. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2019: Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use