CEO and Executive Director Roy Reite said : "We appreciate the long term relationship we have with Farstad, and this cooperation has once again resulted in a new and innovative project.
1]rn Heltne, Rolls-Royce, Senior Vice President - Sales, Ship Design & Systems, said: We are honoured and delighted to announce this contract, the fifth this year with Island Offshore, and look forward to the continuation of a long lasting relationship with both Island Offshore and the VARD
1-SERIES comprises a range of Platform Supply Vessels designed by Vard Design in Ealesund, Norway.
Next week's concerts will be the first series of gigs The Vards have ever done, although they performed at the recent Rose of Tralee and appeared on Gay Byrne's music show on RTE One
Variable Annuity Premium Flows(1) Quarter Ended (Dollars in Millions) 3/31/05 3/31/04 Total Premium Flows 31,628 34,746 Net Flows 4,794 9,663 Source: NAVA and VARDS (Morningstar, Inc.
04 billion in variable annuities through the first half of this year, according to the VARDS Report.
Variable Annuity Premium Flows(1) Quarter Ended Year Ended (Dollars in Millions) 12/31/04 12/31/03 12/31/04 12/31/03 Total Sales 31,321 31,785 129,717 126,524 Net Flows 8,240 13,263 40,183 45,920 Source: NAVA and VARDS (Morningstar, Inc.
The firms plan to work together to integrate the VARDS Web-based research products with Finetre's AnnuityNet platform, which provides brokerage firms with online transaction processing and compliance oversight capabilities for annuities and other insurance and investment vehicles.
This makes Prudential the third largest provider of advisor-sold* variable annuity products as measured by assets under administration and management and the fourth largest as measured by sales (Source: VARDS as of 12/31/05).
Over the course of a transition period of up to 24 months from closing, Prudential will assume the administration of Allstate Financial's in-force variable annuities, with account values of approximately $16 billion as of December 31, 2005, moving Prudential's position in the advisor-sold variable annuity marketplace from fifth to third as measured by assets under administration and management and from seventh to fourth as measured by sales (Source: VARDS as of 12/31/05).
Built on a collaborative research and consultative approach, the VARDS Greenwald Strategy Service provides annuity executives a new level of insight into consumers, sellers and the market environment, as well as actionable recommendations to help drive sales.
1) Sales figures according to VARDS and exclude group contracts.