Wealth management

Despite a string of successful quarters at Wilmington Trust Corp., including the second-quarter results announced Friday, analysts say they expect market conditions could make it difficult for the Delaware company to keep growing strongly.

State Street Global Advisors, the money management arm of State Street Corp., says it plans to enhance its alternative investment platform with products and additional staff as investor interest in hedge funds and other alternative products keeps growing.

Life insurance activity in North America fell 5.4% in June compared with the year earlier, according to the MIB Life Index released Friday.

(From Money Management Executive)

A.M. Best Co. has put under review the financial strength and issuer credit ratings of Omni Insurance Group Inc. in Atlanta, with negative implications, in the wake of its owner's announcement that it would sell the nonstandard auto insurer.

Northern Trust Corp. announced Thursday that it had hired Robert Baillie to be president and chief executive officer of Northern Trust Co., Canada, as well as chairman, president, and chief executive officer of NT Global Advisors Inc. in Toronto.

Hartford Financial Services Group Inc. is working on several products to help baby boomers plan for retirement income, says John Diehl, a vice president in the insurer’s retirement solutions group.

Eighty-nine asset management deals were announced during the first half of the year, a record for number of deals in any half year, according to a report released Wednesday by Putnam Lovell NBF Securities.

Hartford Financial Services Group Inc. announced a definitive agreement Wednesday to sell its nonstandard property and casualty subsidiary, Omni Insurance Group, to Independent Insurance Investments Inc. for about $100 million.

Legg Mason announced Wednesday that its president, James Hirschmann, was elected chief operating officer.

ING Group NV's U.S.-based fixed annuities business said Wednesday that it had expanded and refined its national distribution strategy.

Deutsche Bank Securities Inc. said Wednesday that it had hired a UBS executive to run prime brokerage client services in the United States.

BlackRock Inc., a New York investment management company that is in the midst of being acquired by Merrill Lynch & Co., announced Tuesday that its profit grew 18.9% in the second quarter on strong fund performance and rising assets under management.

TD Ameritrade Holding Corp., an Omaha online brokerage company, announced Tuesday that earnings had risen in its fiscal third quarter as asset-based revenue rose.

Old Mutual Financial Network, the U.S. arm of London's Old Mutual PLC, has chosen McCamish Systems LLC to supply administrative support for its entry into the U.S. variable annuity market, the Atlanta outsourcing company said Tuesday.

The global transaction services business unit of Citigroup Inc.'s corporate and investment banking division announced Tuesday that it has been chosen as a service provider for Principal Global Investors' retail separately managed accounts business.

Morningstar Inc. said Monday that it had a definitive agreement to buy the institutional hedge fund and separate account database division of InvestorForce Inc.