CEO says private equity ‘mixed bag’ for insurance

June 16, 2015 by Sonali Basak

Athene Holding Ltd., the insurer tied to Apollo Global Management LLC, said it’s sensitive to the risks of private-equity firms buying insurers and that the trend could be a “mixed bag” for an industry with decades-long obligations to policyholders.

“I share those concerns,” Athene Chief Executive Officer Jim Belardi said Wednesday at a conference in New York held by Standard & Poor’s. “But I think prudent equity capital, that’s in it for the long term and pays attention to risk management — from whatever source — I think it’s a very good thing, and we’re a big proponent of that.” Click here to read…

Originally Posted at LifeHealthPro on June 11, 2015 by Sonali Basak.