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Managers looks for alternatives to AIG for wrap providers.

Publication: Business Insurance
Publication Date: 11-MAY-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Managers looks for alternatives to AIG for wrap providers.(American International Group Inc.'s 401K plans services)

Article Excerpt
Byline: JUDY GREENWALD

Stable-value fund managers have been trying to find wrap insurance providers other than American International Group Inc., which has been a major factor in the market, observers say.

Observers say AIG has been active in the synthetic sector of the market, providing wraps or contracts that insulate plan participants from interest rate volatility that affects fixed-income securities portfolios. The 401(k)...

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