‘Capital Arbitrage’ Helped PE-Led Insurers: Study
August 5, 2020 by Kerry Pechter
From 2009 to 2014, when private-equity firms bought life insurers, they exploited a capital-saving regulatory ruling to lucrative advantage.
When private equity (PE) firms like Guggenheim, Apollo, and Goldman Sachs bought struggling life/annuity businesses at bargain prices after the 2008 financial crisis, they strode into the insurance industry with a certain Wall Street swagger.
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Originally Posted at Retirement Income Journal on July 24, 2020 by Kerry Pechter.
Categories: Industry Articles