In this week’s roundup, we also look at the latest developments at Jackson, AIG and Principal on top of an update of IUL market.

BNP Paribas has announced the Nasdaq Night Owl Index in collaboration with Nasdaq and Salt Financial. The index will be available through fixed index annuities (FIAs) issued by Cincinnati-based by AuguStar Life Insurance Company. The night effect is ‘a well-known phenomenon’ whereby overnight markets have historically outperformed the daytime trading session on a risk-adjusted basis The rules-based index aims to extract the overnight return, or ‘night effect’, of the