Shawmut National Corp. is planning to team up with the Hartford Life Insurance Co. to create a proprietary variable annuity, according to industry sources.

Shawmut, jointly based in Boston and Hartford, Conn., currently offers annuity products through a program with MDS/Bankmark, a third-party marketing firm based in Morris Plains, N.J.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.