Rich Tucker attending Retirement Conference in Washington, DC.
Comments (0) Rich Tucker will be attending The Retirement Industry Conference on Monday and Tuesday, April 12 and 13 in Washington, DC. Let him know if you will also be there.
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Variable Annuity Benefit Utilization Study Released
By Rich Tucker, January 20, 2010 12:11 pm
Ruark Consulting has released our major benchmark Variable Annuity Benefit Utilization Study. Please view the press release below for additional information.
Variable Annuity Benefit Utilization Study (Press Release)
The media has shown interest in the Variable Annuity Benefit Utilization Study. Noteworthy articles include:
Rich Tucker quoted by Bloomberg News
By Rich Tucker, January 8, 2010 2:12 pm
Rich Tucker was quoted in a Bloomberg News article, dated January 8, 2010, that discussed the emergence of Athene Life Re as a reinsurer focused exclusively on fixed annuities. A link to this article in Business Week follows.
Black’s Apollo Targets Fixed Annuities With Bermuda Reinsurer
Reinsurance Services
By Rich Tucker, January 7, 2010 2:39 pm
Ruark Insurance Advisors, Inc. (RIA) provides full service reinsurance intermediary services, specializing in the annuity market. We represent the ceding insurance company. Products covered include variable annuities, indexed annuities, fixed annuities and payout annuities.
The process starts with our insurance company client, during which we:
- Evaluate needs
- Discuss alternative solutions
- Create reinsurance program structure
- Evaluate risk transfer requirements
- Recommend appropriate pricing levels
Once a reinsurance program is created that is likely to meet the needs of our client, we bring it to the reinsurance marketplace. We have excellent relationships with reinsurers in various jurisdictions, including the U.S. and Bermuda. RIA assists with development of the treaty document.
As is customary, our brokerage fees are paid by the reinsurer. We have always practiced full disclosure of our fees to our clients.
After reinsurance is placed, we maintain strong involvement on an ongoing basis, providing administrative relief to the ceding company and adding confidence to the accuracy and timeliness of data reporting. These complimentary administrative services include:
- Accuracy scrubbing of monthly data files
- Creation of premium and claim accounting reports
- Preparation of any needed treaty amendments
- Annual review tracking treaty experience vs. original expectations
Please contact us for additional information:
New programs – Rich Tucker or Tim Paris
Treaty Administration – Inger Harrington
