Lincoln CEO Says Smart Money in Annuities After Buffett
February 8, 2013 by Zachary Tracer
Dennis Glass, chief executive officer of life insurer Lincoln National Corp., said intelligent investors are backing variable annuities after Warren Buffett’s Berkshire Hathaway Inc. bet on retirement products this week.
“We’ve seen some acquisitions of blocks, and some reinsurance transactions,” Glass said today on a conference call with analysts. “It’s very encouraging to see smart money coming back into the variable-annuity space.”