Following a survey of its peers in the global life insurance industry, Prudential Financial has unseated perennial leader Northwestern Mutual as the 2007 top global insurance company-life and health category by Fortune magazine**. Mighty Northwestern Mutual has led this survey of industry peers for many years so this is just an incredible feat for Prudential.
Fortune’s annual survey rates companies by their peers in the following categories:
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Rankings of the life insurers in the Fortune survey who currently issue structured settlement annuities or are former structured annuity issuers
1. Prudential Financial ; 2. New York Life; 7. Met Life; 8. Aegon (former structured settlement annuity issuer with business on the books through Transamerica, Monumental et al.); and 10. Aviva
Rankings of the property and caualty insurers in the Fortune survey whose subsidiaries issue structured settlement annuities or are former structured settlement annuity issuers
1. Berkshire Hathaway (includes former periodic payment reinsurer, National Indemnity) 2. Hartford Financial; 3. AIG (includes American General, AI Life and ALICO in UK); 5. Liberty Mutual; and 6. Allstate
** despite being unseated as #1 by its peers, NML still ranked in the broader ranking top 50 most admired companies which reflects a survey of executives in all industries in the Fortune survey.
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