Errol Baddoo

MetLife Inc. has promoted Steven Kandarian to chief executive officer, replacing the retiring Robert Henrikson on May 1. Kandarain, who oversaw a 75 percent increase in assets as chief investment officer, comes into the CEO role during a time of great demands upon the insurance industry in the wake of numerous natural disasters including...
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Former brokerage company A.G. Edwards will pay $755,000 to settle allegations of improper annuities sales in Missouri. Missouri Secretary of State Robin Carnahan launched a probe of the company’s sales tactics after a complaint was filed by a Missouri resident. The resident’s identity has not been publicly released but Carnahan says the person is...
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Not long ago, MetLife joined forces with Fidelity Investments and let the world know that they would be releasing a new variable annuity product. The new product would be known as the MetLife Growth and Guaranteed Income product. During the first twelve months of the product’s life cycle, the annuity earned MetLife a total...
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Though employers have seen increased productivity during the last year, employees are growing increasingly less loyal to employers. The 9th Annual Metlife Study of Employee Benefits Trends, released on March 28, found that 47% of employees feel a strong loyalty toward their employer – down from 59% three years ago. And up to one-third...
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Investors who are hoping to get the most out of their assets with the lowest possible risk will now be able to take advantage of new options being offered by Howard Kaye Insurance. The new options include money back and single premium discount life insurance. Policy reviews are now available for free on the...
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The American International Group, or AIG, has been a major participant in the insurance and financial services industry ever since it was first founded in 1919.  The company employs over 60,000 people and has annual revenue of over $77 billion.  However, similar to several other large financial services providers, the company experienced significant financial...
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American International Group is planning to buy back the residential mortgage-backed securities which it sold to the federal government two years ago during the height of the financial crisis. If it does buy the bonds back, the move could net the insurance giant billions of dollars in benefits over the near-term, according to an...
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Since they were first founded over 140 years ago MetLife has been one of the global leaders in both insurance and financial services.  The company has continued to expand their financial services field to include products for a wide range of consumers and investors.  Now the company is targeting a group of people who...
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American International Group, Inc., the prominent insurance company, earned $11.2 billion in the fourth quarter of 2010 in a strong performance in the area of asset sales, company officials recently announced. Charges to expand the company’s reserves related to old asbestos claims, however, pushed AIG’s underlying operations into the red for the quarter. Those...
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The chief executive officer of insurance giant MetLife Inc., Robert Henrikson, received a pay package of $13.9 million in 2010, according to information in a regulatory filing. That figure represents a 39 percent increase from his compensation the previous year, which was $9.98 million. Henrikson earned a base salary of $1 million in both...
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