American VA providers de-risk to combat market volatility

Staying steady

Plane in a storm

At the end of last year, Dutch financial group ING announced a hefty charge on its fourth-quarter earnings as it pumped fresh capital into its €30 billion (£25 billion) closed block of variable annuity (VA) business in the US. Market volatility and inexact assumptions about policyholder behaviour meant that the capital position of the US business had weakened and ING said that the charge – estimated to be between €0.9 billion and €1.1 billion – was necessary to restore the 50% confidence in its

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: