Quotes of the month for April 2012

The actions will allow us to build on our strong financial foundation by concentrating our resources on a smaller number of businesses to position the hartford for long-term success - Liam E

‘The ultimate impact of
solvency II hinges on several major decisions still to be made’ –
Fitch Ratings

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‘The actions will allow
us to build on our strong financial foundation by concentrating our
resources on a smaller number of businesses to position the
hartford for long-term success’ – Liam E. McGee, president and CEO
of The Hartford

‘The [study’s] results
provide the proof needed for banks and credit unions to seize the
opportunity for developing investment and insurance relationships
with existing customers’ – Kenneth Kehrer, founder of research and
consulting firm Kehrer-LIMRA

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‘More than seven in ten
[people] will buy if there is face-to-face contact during the
shopping process. The harsh realities of the economics of providing
a face-to-face service may however make this preference
increasingly difficult for insurers and distributors to fulfil in
the future’ – LIMRA Europe

‘The message mercer gets
from Canadian publicly-held companies’ boards is that shareholders
should not be required to take the risk of liability for DB
pensions’ – Michel St-Germain, a partner at consultancy
Mercer

‘Many insurers view the
inclusion of a matching adjustment under solvency II as essential
for their ability to offer affordable long-term annuity products’ –
Paul Clarke, global Solvency II leader at
PricewaterhouseCoopers.