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MassMutual's profit in 2005 rose from $753 million to $810 million. [71] Under CEO and President Roger Crandall, MassMutual whole life insurance sales rose 28% during the first six months of 2010. [72] In 2012, MassMutual agreed to purchase The Hartford's Retirement Plans business, ultimately acquiring it January 1, 2013. This acquisition built ...
Through its wholly-owned subsidiary, MassMutual Ascend, the company offers a range of annuity products, including fixed, index and immediate annuity options. Pros: Good variety of annuity products.
Barings LLC, known as Barings, is a global investment management firm owned by Massachusetts Mutual Life Insurance Company . It operates as a subsidiary of MassMutual Financial Group, a diversified financial services organization. [7] As of December 31, 2023 Barings held US$381+ billion in assets under management. [8]
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
Ward is retiring at the end of this year.
BOSTON (Reuters) -A MassMutual investment subsidiary has agreed to pay $4.75 million to resolve allegations by Massachusetts securities regulators including that it failed to supervise its agents ...