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Total Comments: 10
Posted: Fri May 01, 2009 10:28 pm Post Subject:
Gary, how do you read? I'm having some serious doubts myself. Anyone else care to explain possible hinding meaning with Aviva lately. Also, seemingly lack of loyalty. What am I'm missing here?....anything?
Posted: Sat May 02, 2009 09:11 am Post Subject:
What am I'm missing here?....anything?
Aviva can't provide EVERYONE with an annuity.
The Home Office staff has been working 12 hours a day 7 days a week since last year because of the massive amount of New Annuity Business.
We have to start putting some of the annuity business with other brand names...National Western, Allianz, North American...Illinois Mutual even has some nice annuities and great blue collar Disability Income.
The gals in our Home Office NEED a break, put your annuity business elswhere for now.
Posted: Sat May 02, 2009 05:06 pm Post Subject:
Unfortunately North American isn't licensing new agents for their annuities at the moment. They too, like Aviva, have to watch out with their reserves, they have already met that for the year.
From what I've understood about the whole thing, Aviva PLC was in fact in a little bit of trouble and needed to put a stop to having to put up all the reserve money (and penalties) that Aviva USA was requiring because of the amount of annuities being sold by Aviva USA. It wasn't that Aviva USA was doing a bad job, it was that they were doing too good of a job!
Posted: Sat May 02, 2009 07:23 pm Post Subject:
It wasn't that Aviva USA was doing a bad job, it was that they were doing too good of a job!
Posted: Sat May 02, 2009 10:04 pm Post Subject:
Correct me if I'm wrong. Wasn't some of Aviva's investments in sub-prime mortgages? Even a small...say single digit percentage can significantly damage a company even bankrupt them. Remember Barrings, I beleive they were in business when Napoleon was scratching his chest too.
Posted: Sun May 03, 2009 01:17 pm Post Subject:
Aviva has been in business since 1696.
They are the OLDEST continually operating Insurance Group in the whole wide world.
They started in 1696 at Tom's Coffee Shoppe in downtown London, England as the Hand-in-Hand Insurance Company. If memory serves me correctly this was a fire insurance company.
Napoleon did apply for life insurance with Aviva and was DECLINED!
:P Too funny! :P
He was probably too short.
Posted: Sun May 03, 2009 06:31 pm Post Subject:
I now Aviva PLC had some in sub prime mortgages, not sure if Aviva USA did or not. I know Aviva USA wrote over $46 billion in Indexed Annuities last year and spanked everybodies butt. However, when you don't project enough at the beggining of the year, there are hefty penalties to pay. It didn't matter to Aviva, they just wanted to be the biggest and the best. But when the economy and Aviva PLC had trouble, they can't afford to play that game now.
Posted: Mon May 04, 2009 03:50 pm Post Subject:
I imagine Aviva will be a leader in annuity sales again by the end of this year. At least they are being prudent at this time. Other insurers would not have that discipline.
Posted: Sat May 28, 2011 05:44 am Post Subject: jCUEHmppypcRCjW
Aviva sales.. Great! :)
Posted: Fri Jun 03, 2011 01:41 pm Post Subject: sdXYSVzNKF
Aviva sales.. Not so bad :)