A risk worth taking?

May 29, 2013 by Carsten Quitter

Recent comments from Benjamin Lawsky, New York Superintendent of Financial Services, shined a spotlight on concerns about private equity firms investing in the life insurance industry, particularly the annuity business. “Private equity firms follow a model of aggressive risk taking, high leverage, typically making high-risk investments,” Lawsky noted during remarks at the recent 22nd Annual Hyman P. Minsky Conference on the State of the U.S. and World Economies in New York City. “This type of business model isn’t necessarily a natural fit for the insurance business, where a failure can put policyholders at significant risk.” Click here to read…

Originally Posted at LifeHealthPro on May 29, 2013 by Carsten Quitter.