COLUMBUS, Ohio, Dec. 11, 2017 /PRNewswire/ -- Industry leaders Nationwide, J.P. Morgan and Annexus were honored for "Deal of the Year" during an awards ceremony at the SRP Americas Indexed Insurance Forum 2017, held September 13-15 in Des Moines, Iowa.
The award ceremony honored leaders in the indexed product space, including carriers, distributors, product developers and actuaries. The event was hosted by Structured Retail Products, the leading global provider of data and analysis for financial institutions involved in the manufacturing and the distribution of structured products.
Nationwide shared the "Deal of the Year" Award with J.P. Morgan and Annexus for their collaboration on the innovative J.P. Morgan Mozaic II(SM) Index, which is offered exclusively within Nationwide New Heights® and Summit® fixed indexed annuities.
J.P. Morgan Managing Director Brandon Igyarto, who leads the company's structured investments team in New York, said, "Our index development team worked closely with Nationwide and Annexus to enhance the original J.P. Morgan MOZAIC(SM) Index design and offer even greater diversification and trading capacity with the J.P. Morgan Mozaic II(SM) Index. The benefit to clients is an increased opportunity to harness market momentum, smooth volatility, and provide the potential to deliver steady growth through a variety of market environments."
"The addition of the J.P. Morgan Mozaic II(SM) Index to Nationwide fixed indexed annuities was intended to help advisors meet their clients' needs, whether it's growing and protecting savings, creating a stream of lifetime income, or securing a legacy for loved ones," said Eric Henderson, Nationwide senior vice president of life insurance and annuities.
"We're honored to share this award with Nationwide and J.P. Morgan," said Annexus Co-Founder Ron Shurts. "It's a testament to our partnership and shared goal to drive product innovation in the retirement market." Fellow Co-Founder Don Dady added, "The goal was to bring a complementary index to Nationwide fixed indexed annuities to help improve risk-adjusted returns and ultimately create better client outcomes in retirement. Advisors, consumers and the industry have taken notice."
According to SRP, "Deal of the Year" award criteria included product size, product performance, and client satisfaction.
About Nationwide
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the U.S. and is rated A+ by both A.M. Best and Standard & Poor's. The company provides a full range of insurance and financial services, including auto, commercial, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; banking and mortgages; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com.
About J.P. Morgan's Corporate & Investment Bank
J.P. Morgan's Corporate & Investment Bank is a global leader across banking, markets and investor services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $22.7 trillion of assets under custody and $421.6 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Further information about J.P. Morgan is available at www.jpmorgan.com.
About Annexus
Annexus designs solutions to help Americans grow and protect retirement savings. For over a decade, Annexus has developed market-leading fixed indexed annuities and indexed universal life insurance products. In close collaboration with design partner Genesis Financial, Annexus has forged partnerships with Nationwide, Athene and Securian, as well as J.P. Morgan, UBS, Zebra Capital Management, Barclays and Merrill Lynch. A handpicked network of financial professionals use Annexus solutions to help clients take control of their retirement.
The J.P. Morgan MOZAIC(SM) Index (USD) ("Index") has been licensed to Nationwide Life and Annuity Insurance Company (the "Licensee") for the Licensee's benefit. Neither the Licensee nor Nationwide New Heights® Fixed Indexed Annuity (the "Product") is sponsored, operated, endorsed, recommended, sold or promoted by J.P. Morgan Securities LLC ("JPMS") or any of its affiliates (together and individually, "JPMorgan"). JPMorgan makes no representation and gives no warranty, express or implied, to contract owners taking exposure to the Product. Such persons should seek appropriate professional advice before making any investment. The Index has been designed and is compiled, calculated, maintained and sponsored by JPMS without regard to the Licensee, the Product or any contract owner. JPMorgan is under no obligation to continue compiling, calculating, maintaining or sponsoring the Index. JPMorgan may independently issue or sponsor other indices or products that are similar to and may compete with the Index and the Product. JPMorgan may also transact in assets referenced in the Index (or in financial instruments such as derivatives that reference those assets). These activities could have a positive or negative effect on the value of the Index and the Product.
The J.P. Morgan Mozaic II(SM) Index ("Index") has been licensed to Nationwide Life and Annuity Insurance Company (the "Licensee") for the Licensee's benefit. Neither the Licensee nor Nationwide New Heights® Fixed Indexed Annuity (the "Product") is sponsored, operated, endorsed, recommended, sold or promoted by J.P. Morgan Securities LLC ("JPMS") or any of its affiliates (together and individually, "JPMorgan"). JPMorgan makes no representation and gives no warranty, express or implied, to contract owners taking exposure to the Product. Such persons should seek appropriate professional advice before making any investment. The Index has been designed and is compiled, calculated, maintained and sponsored by JPMS without regard to the Licensee, the Product or any contract owner. JPMorgan is under no obligation to continue compiling, calculating, maintaining or sponsoring the Index. JPMorgan may independently issue or sponsor other indices or products that are similar to and may compete with the Index and the Product. JPMorgan may also transact in assets referenced in the Index (or in financial instruments such as derivatives that reference those assets). These activities could have a positive or negative effect on the value of the Index and the Product.
Nationwide New Heights is issued by Nationwide Life and Annuity Insurance Company, Columbus, Ohio 43215.
Neither Nationwide or any of its affiliates are related to, or affiliated with J.P. Morgan or Annexus.
Nationwide, Nationwide New Heights, and New Heights are service marks of Nationwide Mutual Insurance Company. © 2017 Nationwide
Nationwide, Nationwide is on your side, the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2017 Nationwide
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Contact:
Jeff Whetzel
(614) 249-6354
whetzej@nationwide.com
SOURCE Nationwide