BBVA to launch new annuity product in alliance with Western National
BBVA Compass has partnered Western National Life Insurance Company to launch a Asset Builder Annuity, a new flexible-premium, tax-deferred fixed annuity offered through BBVA Compass Insurance Agency.
The new annuity product is issued, guaranteed and has been cobranded with Western National Insurance Company.
BBVA retail banking senior executive vice president and head Shelaghmichael Brown said that the new Asset Builder Annuity may address the need for many customers, while also allowing the company to build its brand.
“In addition, Western National has engaged BBVA Compass Wealth Management to manage a portion of Western National's assets tied to this product,” Brown said.
BBVA Compass is a subsidiary of Compass Bancshares, a wholly owned subsidiary of BBVA.
Latest News
Related News
Intermediaries> London Lloyds
Related Dates
2010> September
Related Industries
Financial Services> Insurance> Non-Life Insurance> Other
Related Insight
Suppliers Directory
Life Insurance & Pensions
Intermediaries Brokerage Underwriting London Lloyds
Reinsurance
Technology Technology in Insurance Outsourcing
Regulatory & Risk
Intelligence
Allianz SE (Allianz) is one of the leading global financial services providers, offering a range of banking, asset management and insurance services. The company was formerly known as Allianz AG. Allianz is the parent company for the Allianz Group of companies. The company is one of leading insurance providers in the property and causality, and life insurance in the global market. Allianz is one of the major players in the German insurance market. The company, combined with its subsidiaries, serves over 75 million customers in more than 70 countries across Europe, Asia-Pacific, America and Africa. The company's banking operations are conducted through Dresdner Bank AG and its subsidiaries. Global Markets Direct’s Allianz SE - Financial and Strategic Analysis Review is an in-depth business, strategic and financial analysis of Allianz SE. The report provides a comprehensive insight into the company, including business structure and operations, executive biographies and key competitors. The hallmark of the report is the detailed strategic analysis of the company. This highlights its strengths and weaknesses and the opportunities and threats it faces going forward. Reports Buy online from $125

Comments may be moderated for spam, obscenities or defamation.